17 Dec

Small business loan program out of money amid impasse over new funds

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The initial $349 billion pool for emergency loans for small businesses derailed by the coronavirus pandemic has run dry as Republicans and Democrats squabble over how to replenish the relief program.The Treasury Department and Small Business Administration (SBA) have tapped the entirety of funding allotted for the Paycheck Protection Program (PPP), which offers forgivable loans to small businesses intended to keep workers on payroll and small firms from going under.“The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding. Similarly, we are unable to enroll new PPP lenders at this time,” the SBA said in a statement Thursday morning.The SBA also said that the $10 billion Congress appropriated for Economic Injury Disaster Loans had dried up. The program was meant to get fast cash to businesses, providing them with a $10,000 advance within just a few days of application for loans of up to $2 million.last_img read more

6 Oct

Yeronga home packed with potential

first_imgThe home has been well maintained.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020Mr Devine’s uncle bought the land when he immigrated to Australia from the UK in the early 1950s and built the existing house. He then sold it to Mr Devine’s father, who raised his family there with his wife, who died last year.The home has two bedrooms as well as a separate, large studio that would make the perfect teenager’s retreat or accommodate extended family.“My brother and I, when we were teenagers, moved into that studio and that was our little den of iniquity you might say,” Mr Devine joked.The home survived the 2011 floods and has been tastefully updated since. The home at 36 Ormonde Rd, Yeronga. IF WALLS could talk, this much-loved family home would have more than half a century of stories to tell.The post-war house at 36 Ormonde Rd in a tightly-held pocket of Yeronga has been in the same family since the 1950s.Set on a larger- than-average 607sq m block and surrounded by million-dollar properties, it is a rare find.Owner Chris Devine spent most of his childhood at the property with his two siblings and will be sad to see it sold.“I was brought up there from the age of nine, so a lot of memories in that time. It was just a terrific family home,” he said. There is a studio in the backyard.Kate Wilson of McGrath Estate Agents said it was rare for houses to come on the market in the suburb.“It’s a really tightly held pocket of Yeronga so they are few and far between, especially in that condition,” she said.“Whether you are looking for something to invest in, renovate or just the perfect place to build your dream home, you can’t go past this location.”Ms Wilson said the Yeronga market was in high demand.last_img read more

25 Sep

NFA-Capiz exceeds ‘palay’ buying target

first_imgROXAS City – The National FoodAuthority (NFA) here surpassed its palayprocurement target of over 1,400-percent, NFA-Capiz information officer MaryChristie Hari-on said.    She added their warehouses in Bolo,Roxas City, Sta. Cruz in Dumalag, Capiz and Mangoso in Sigma town are theagency’s buying stations in the province.   Meanwhile, NFA-Capiz officer-in-chargeHerrielle Jumagbas urged farmers to sell their palay to the food agency noting the gate price of the farm produceonly ranges from P10 to P12 per kilogram. For October, on the peak of theharvest season, the food agency targets to buy 90,000 bags of clean and dry palay for P19 per kilogram with14-percent moisture content and 95 to 100-percent purity.    Jumagbas said should there be arequest, they are also willing to deploy their mobile procurement team.(With a report from PIA-Capiz/PN) Hari-on said as of Sept. 30, NFA-Capiznow has a total of 80,751 bags of palayin its warehouses. “It would be better for NFA to buymore than its target as President Rodrigo Duterte orders the food agency to buypalay from rice farmers,” Jumagbassaid, adding that the new mandate is in preparation for unforeseen calamitiesand emergencies.   “We were able to buy a total of 56,233bags of clean and dry palay fromlocal farmers last September, which was way above the 4,000 bags target forprocurement of the month,” she added. The National Food Authority-Capiz says it surpassed the palay procurement target of over 1,400-percent last September. BUSINESSNEWS.COM.PHlast_img read more