Monthly Archives

April 2022

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How Much Should Biden Forgive?

Amelia J. Sanchez Apr 30, 2022

"The 360" shows you diverse perspectives on the major stories and debates of the day.What is happeningPresident Biden said Thursday that he was "carefully considering" the possibility of and will make its final decision "in the coming…

Loan debt

Biden’s Student Loan Debt Cancellation Problem

Amelia J. Sanchez Apr 28, 2022

Lawmakers in his party continue to bring the issue to the fore, urging the president to forgive $50,000 for each of the 43 million federal borrowers. — something he's shot several times, including on Thursday. But these measures have done…

Debt finance

NPIF – Mercia Debt Finance loans reach £50m milestone

Amelia J. Sanchez Apr 28, 2022

STEPS was one of the first companies to benefit from the fund. Pictured, left to right, STEPS founders Toria Chan and Jules Leahy with British Business Bank's Sean Hutchinson. From left to right are customer Ian Trundle, STEPS…

Debt finance

NPIF – Mercia Debt Finance hits £50m lending milestone

Amelia J. Sanchez Apr 26, 2022

A FUND which provides debt finance to businesses in Yorkshire has lent more than £50million since its launch five years ago. NPIF - Mercia Debt Finance has provided loans to nearly 200 businesses, including several…

Debt finance

We must avoid debt — Minister of Finance

Amelia J. Sanchez Apr 26, 2022

DR CLARKE... now is not the time to give up but the time to differentiate (Photo: Garfield Robinson) ...says Jamaica can't afford a third debt restructuring!-->…

Debt funding

AGP Group Announces US$250 Million Expansion Debt Financing

Amelia J. Sanchez Apr 26, 2022

GHENT, Belgium--(BUSINESS WIRE)--The AGP Group ("AGP" or "the Company"), a global leader in the design and production of specialty automotive glazing components, today announced that it has entered into a debt financing agreement…

Debt funding

Bowen Secures Debt Financing

Amelia J. Sanchez Apr 26, 2022

PERTH (miningweekly.com) – ASX-listed Bowen Coking Coal secured $55 million in debt financing with Taurus Mining Finance Fund No. 2 shortly after mining began at its surface mine in Bluff, Queensland. It is proposed that the new credit…

Loan debt

Warren urges Biden to write off student loan debt before midterm: ‘The power is clearly…

Amelia J. Sanchez Apr 24, 2022

Democratic Senator Elizabeth Warren on Sunday renewed her efforts to get President Biden to set aside billions of dollars in student loan debtsaying the measure would take the burden off tens of millions of borrowers while boosting…

Loan debt

Louisiana student loan debt now stands at $22.5 billion; Would undoing it solve the problem? |…

Amelia J. Sanchez Apr 23, 2022

Ashton Duplechain and his fiancée, Leigh Jolivette, left their longtime Lafayette home and moved to Kansas…

Loan debt

Here’s who is eligible for student debt relief after Biden’s latest actions

Amelia J. Sanchez Apr 21, 2022

The latest measures, announced earlier this week, help borrowers enrolled in what is known as the income-based repayment program, or IDR. Approximately 9 million borrowers with over $500 billion in outstanding federal student loans…

Debt finance

NPIF – Mercia Debt Finance exceeds £50m | Yorkshire Deals News

Amelia J. Sanchez Apr 21, 2022

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Debt finance

Philippines needs to grow more than 6% to reduce debt, says finance chief

Amelia J. Sanchez Apr 21, 2022

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Debt funding

Elon Musk Reportedly Seeking Debt Funding for Twitter Bid

Amelia J. Sanchez Apr 20, 2022

Elon Musk appeared to be seeking funding for his $43 billion bid to take over the social network Twitterhe appeared on Wednesday afternoon.According to New York Times, Morgan Stanley had canvassed banks and other potential investors to…

Debt funding

Australian fintech Archa lands $24m in equity and debt funding

Amelia J. Sanchez Apr 20, 2022

Archa, a business card and expense management platform for businesses, raised $24 million in a pre-Series A investment round. Archa lands $24 million in funding The financing consists of a $20 million credit facility from…

Loan debt

Gutfeld says he would ‘go to war’ to stop student loan debt cancellation

Amelia J. Sanchez Apr 19, 2022

Greg Gutfeld said he would be ready to "go to war" over the issue of student debt forgiveness. During Tuesday's edition of The Five, the panel discussed the usefulness of college degrees. Co-host…

Finance service

NC voters on education, student loans

Amelia J. Sanchez Apr 19, 2022

Some of the most heated debates of the past year have centered on education: the teaching of critical race theory, the requirement to wear face masks in schools and questions about the requirement for COVID vaccines. . School board meetings…

Debt funding

Udaan Funding: Microsoft Joins Udaan Debt Funding Round

Amelia J. Sanchez Apr 18, 2022

Bengaluru: Microsoft Corporation has joined Udaan's debt financing round of more than $200 million, according to a memo sent to employees by Aditya Pande, chief financial officer of the business-to-business (B2B) e-commerce company. “We are…

Finance service

Themis Klarides raises the most; Leora Levy lends herself more

Amelia J. Sanchez Apr 16, 2022

Themis Klarides raised more money in the first three months of 2022 than any other Republican U.S. Senate candidate in Connecticut, while rivals Leora Levy and Peter Lumaj relied more on personal loans than contributions. Campaign…

Loan debt

Rock Island County Still Owes Nearly $2.5 Million in Debt for Former Hope Creek Care Center | Local…

Amelia J. Sanchez Apr 16, 2022

Rock Island County still owes millions of dollars in debt to Hope Creek Care Center, the county's former retirement home. In a report to county board members Wednesday night, Rock Island County Treasurer Louisa Ewert said…

Loan news

NYIF Loan News: New Beneficiary Guidance

Amelia J. Sanchez Apr 15, 2022

The bank has given new rules to beneficiaries regarding the payment of Nigeria Youth Investment Fund (NYIF) loans recently authorized by the NPF Microfinance Bank. The NPF Microfinance Bank required recipients to complete an online!-->…

Loan debt

2 nonprofits offer student debt relief for those who want to move and work in Enid

Amelia J. Sanchez Apr 14, 2022

ENID, Okla. (KFOR) - Two non-profit organizations are launching a program offering up to $10,000 per person in student debt relief to people who want to relocate and work in the city of Enid. Program officials said it is a talent…

Finance service

HAEIFAC provided $25 million in loans to HAEIF provided $25 million in loans to 47 businesses,…

Amelia J. Sanchez Apr 14, 2022

The Hanford Area Economic Investment Fund was created by the Washington State Legislature in 1991 when local leaders, recognizing that the mission of the Hanford nuclear reserve was changing, worked with legislators to create an…

Debt funding

Vietnamese Nam Long and Pakistani K-Electric raise their debt

Amelia J. Sanchez Apr 13, 2022

IFC has underwritten a 1 trillion dong (about $44 million) bond issue by Vietnamese property developer Nam Long Investment, while Dutch lender FMO and Proparco…

Finance service

Reports suggest lower bad loans to improve bank profitability

Amelia J. Sanchez Apr 11, 2022

Growth in pre-provision profits and lower bad debts will improve banks' profitability in the current fiscal year, according to a report on Monday. Improved profitability will offset increases in capital consumption due to an acceleration…

Finance service

Student loan payments continue to be delayed. Can the debt ever be paid off?

Amelia J. Sanchez Apr 11, 2022

KEY POINTS A suspension in student loans for those who are provider of 1000 Dollar Loans to students was extended five times throughout the course of the Covid epidemic.Experts say that it's the right time to find additional relief,!-->!-->!-->…

Debt funding

Spanish Ritmo lands $200m debt financing to drive growth

Amelia J. Sanchez Apr 11, 2022

E-commerce finance fintech Ritmo has closed a $200m debt financing round led by US group i80 and Europe's Avellinia Capital. Ritmo receives $200 million in debt financing According to the company, this is one of the largest…

Finance service

How do you identify your loans?

Amelia J. Sanchez Apr 9, 2022

I know a guy in Billerica who, like most people, got tired of making the monthly mortgage payments on his house for decades. But last week he emailed me some really good news, which might make his life easier. “My home loan decided to…

Loan debt

Federal student loan debt payments suspended until August – NBC 6 South Florida

Amelia J. Sanchez Apr 9, 2022

The Biden administration has announced that the student loan payment suspension in place since 2020 is being extended again. That means millions of people who have federal student loans don't have to start their payments…

Loan debt

President Joe Biden hasn’t ruled out canceling student loan debt, as progressive lawmakers…

Amelia J. Sanchez Apr 8, 2022

President Joe Biden has again extended the pause on student loan repayments until August 31, 2022.READ MORE: Federal student loan payment freeze extended through AugustAlthough the latest extension has only reignited pressure for the…

Debt funding

Ritmo Raises $200M in Debt Funding

Amelia J. Sanchez Apr 8, 2022

Fintech RITMO has successfully closed a $200m debt financing round led by i80 Group and Avellinia Capital, making it one of the largest financing rounds of any e-commerce finance business in Europe and in Latin America (LATAM).…

Debt funding

RITMO has closed a $200 million debt financing round led by i80 Group and Avellinia Capital

Amelia J. Sanchez Apr 8, 2022

By Joy Dumasia April 08, 2022…

Loan news

SoFi Technologies stock drops on student loan news

Amelia J. Sanchez Apr 7, 2022

SoFi Stocks slipped Thursday, while addressing the recent Biden administration report extension the moratorium on student loans. The federal government's aid package has hurt the student loan refinancing business operations of the personal…

Debt funding

Scotgold Resources Ltd signs debt financing agreement

Amelia J. Sanchez Apr 7, 2022

Scotgold is seeking to borrow up to £3m from a syndicate of wealthy investors Scotgold Resources Ltd said it had signed a deal with Swiss wealth manager Fern Wealth GmbH to secure a £3million loan from wealthy investors to fund an upgrade…

Debt funding

Divido secures debt financing from Silicon Valley Bank to fuel growth

Amelia J. Sanchez Apr 7, 2022

Dividethe world's largest white label retail finance platform, raised -£4.5m in venture capital debt funding from Silicon Valley Bank UK Branch (SVB) to fuel international expansion , hiring and product development while…

Loan debt

The median American has no federal student loan debt

Amelia J. Sanchez Apr 6, 2022

Less than half of Americans have student loan debt, which means the median debt is $0. But the average student loan debt for Americans is just under $5,000. President Joe Biden announced on April 6, his administration…

Finance service

Biden extends federal student loan payment pause through September

Amelia J. Sanchez Apr 6, 2022

The Biden administration has been working to end the pause on student loan repayments as the economy's recovery from pandemic lows continues.Supachok Pichetkul / Eyeem | Eye | Getty ImagesPresident Joe Biden on Wednesday announced a…

Debt funding

Pharmacy Retail Chain Dawaa Dost Raises Debt Financing from Grameen Impact

Amelia J. Sanchez Apr 6, 2022

The company has raised debt financing from Grameen Impact, an "impact-focused NBFC" promoted by Grameen Capital, whose mandate is to invest in companies that have demonstrated social responsibility and/or meet the social performance…

Finance service

Should you pay off your student loans, invest in a 401(k), or both?

Amelia J. Sanchez Apr 4, 2022

BISMARCK, ND (KFYR) — Taking out a loan to pay for college expenses is something many students can relate to.The cost of tuition, books, room and board over a two to four year period adds up quickly. Once they graduate, they face the…

Loan debt

Urgency Grows in Managing Student Loan Debt for Older Americans / Public News Service

Amelia J. Sanchez Apr 4, 2022

North Dakota has some of the lowest student loan debt ratios in the United States, but as in all states, payments are a growing burden for older people, not just younger populations.Borrowers are advised to…

Finance service

How to Apply for a Loan from an NPF Microfinance Bank

Amelia J. Sanchez Apr 3, 2022

How to Apply for a Loan from an NPF Microfinance Bank Today in Npower Discussion Group Business Tips, we will be discussing how to apply for NPF microfinance bank loans. So, if you are interested in applying for these loans, keep…

Loan debt

New News About Student Loan Debt

Amelia J. Sanchez Apr 2, 2022

By LaKeshia N. Myers Representative LaKeshia Myers I am one of 3.2 million Americans who have student loan debt over $100,000. While the Biden administration has worked tirelessly to strengthen loan forgiveness programs and reduce the red…

Finance service

Could rising mortgage rates push borrowers into longer-term loans?

Amelia J. Sanchez Apr 1, 2022

Image source: Getty Images A Federal Reserve official thinks 40-year mortgages might be a good idea.…