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State starts program to guarantee souring biz loans

Aaron Kremer October 23, 2008 0

Governor Tim Kaine has authorized the state to guarantee a total of $3 million in existing small business loans for Virginia businesses. The Virginia Small Business Financing Authority quickly approved a new program to

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More SBA-backed loans in Virginia going into default

Richmond BizSense September 2, 2008 0

The number of delinquent Small Business Administration-insured loans in Virginia is rising. Last week BizSense reported that bankruptcy filings for businesses and individuals is rising in Richmond. The SBA could not provide statistics in

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Business loans harder to get

Aaron Kremer July 29, 2008 0

Bankers are taking longer to issue business loans and asking for more collateral when they do issue them, according to bankers around Richmond. Even companies with solid credit and long-established relationships are having more

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