> Unfair labor practice strike
Employees who take part in an unfair labor practice strike retain their status as employees. Once the NLRB determines an employer's actions to be an unfair labor practice, employees are entitled to have their old jobs back, even if their employer has hire
> Bond
A certificate reflecting a firm's promise to pay the holder a periodic interest payment until the date of maturity and a fixed sum of money on the designated maturing date.
New Tool To Increase Loans To Small Businesses In The Gulf Coast Area
The U.S. Small Business Administration is initiating a one year Gulf Opportunity Pilot Loan (GO Loan) Program to expedite small business financing to those communities severely impacted by Hurricanes Katrina and Rita. Under this unique initiative, the Agency will provide its full guaranty and streamlined and centralized loan processing to qualified lending partners that agree to make expedited SBA 7(a) loans available to small businesses located in those disaster areas.
GO Loan Features
Targeted Relief for Small Businesses: Eligible small businesses must be located in, locating to or re-locating in counties or parishes, including any contiguous counties or parishes, declared major disaster areas as a result of Hurricanes Katrina and Rita. Maximum loan amount is $150,000.
SBA’s Most Favorable Guarantee: SBA’s full 85 percent guaranty applies.
Thousands of Lenders Eligible Immediately: All approved SBAExpress lenders are eligible to participate in the pilot without further approval from SBA. Other lenders may also participate.
Streamlined Paperwork for Lenders and Borrowers: Lenders use mostly their own procedures and paperwork. Lenders perform credit analysis and may use credit scoring. Participants are encouraged to utilize Internet and E-Tran (or Fax) to transmit applications to SBA.
Expedited Processes for Lenders to Join Pilot: Preferred Lender Program (PLP) lenders may request expedited processing for approval to participate in GO Loan.
Contact our Financial Services professional
If you live in the following cities and need Financial Services you should contact our Financial Services in as soon as possible:
Legal Disclaimers The information provided on is not intended to be financial advice, but merely conveys
general information related to financial issues commonly encountered.
Local Professional? Generate new business today
Call 866-227-9356 or contact a sales rep
Financial Markets
Did You Know?