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Navigating the Loan Landscape: A Guide to Small Business Financing

Ublocal

SBA loans offer a variety of benefits, such as more flexible lending terms, and they can be a gateway to obtaining conventional financing in the future. If you don’t already have one, you can get free help writing a business plan at one of the SBA’s Small Business Development Centers –find your nearest one in Vermont or New Hampshire here.

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Vermont federal district court rules CFPA does not provide private right of action for alleged usurious loans; denies motion to dismiss EFTA claim

CFPB Monitor

A Vermont federal district court recently issued a decision ruling on the defendants’ motion to dismiss a class action involving allegations that an online tribal lending venture violated federal and state law because of alleged usurious interest rates and other allegedly unlawful features. Rosenblum.

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Lease-To-Own Services Make A Comeback With Overstock.com

PYMNTS

Overstock.com is no stranger to offering financial services — it already provides credit cards, lending, investments and insurance services to its customers. The standard lease term is as short as five months, with an early purchase option at 30, 60 or 90 days (not available in New Jersey, Vermont, Wisconsin or West Virginia).

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What is a Certificate of Deposit (CD) and How Do They Work?

Ublocal

Because these funds aren’t generally available, that frees them up for banks to utilize in their own lending practices, meaning that you will earn a higher interest rate than on other kinds of savings accounts that have greater liquidity, like a statement savings account. Flexible investing. and take advantage of longer-term interest rates.

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Impact Roadshow | Colchester, VT

Filene

Local Host: Association of Vermont Credit Unions. QCash - An omni-channel lending solution that offers relationship based underwriting (without credit check) to members in search for small, short-term unsecured loans. 10:00 a.m. - Filene Host: Jimese Harkley. Click the arrow below to REGISTER for this event: WHAT IS AN IMPACT ROADSHOW?

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The 2022 GonzoBanker Awards

Gonzobanker

In January, we were discussing crypto and the need to formulate customer crypto strategies. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Goes to New England Federal Credit Union and Vermont State Credit Union. Let salute this year’s standouts: The Smarter Bank Strategy Award.

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