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Loans

GM says government loans cover worst scenario: report (Reuters via Yahoo! News)
General Motors Corp has adequate government loans pledged to cover the worst-case scenario it outlined in December to Congress and will not need more unless the economy worsens, a Bloomberg report said.

General Motors May Not Require Further U.S. Loans to Survive (Bloomberg)
Jan. 7 (Bloomberg) -- General Motors Corp. has enough government loans to cover the worst-case scenario it described last month and says it won’t need more if the economy holds up.

SBA small business loans plunge 57% in first quarter (CNNMoney.com via Yahoo! Finance)
The credit freeze afflicting America's small businesses shows no signs of thawing. In the last three months of 2008, the Small Business Administration's flagship loan-guarantee program backed less than half the number of loans it approved a year earlier - a sign that fewer entrepreneurs are getting financing to start or expand their ventures.

State might make loans to businesses (Pensacola News Journal)
$10 million in low-interest loans could be made available to businesses.

USDA announces low interest emergency loans for east Texas (Eastex Advocate)
On December 12 the United States Department of Agriculture’s Farm Service Agency (FSA) announced that residents of 19 Texas counties qualify for low interest emergency farm loans to rebuild from Hurricane Ike.

Bad loans ratio improves in October (Yehey!)
Universal and commercial banks (U/KBs) posted a slight improvement in bad loans ratio in October last year due to lower non-performing loans (NPL) and an increase in loan portfolio, the Bangko Sentral ng Pilipinas (BSP) said Tuesday.

Banks trying to cope with rise in bad loans (Chicago Tribune)
2.31% of loans nationwide non-current, highest level since 1993 First National Bank of Brookfield, like many banks nationally, was being hurt by bad loans.

Low-interest loans offered to Oahu flood victims (Honolulu Advertiser)
The Small Business Administration is making low-interest loans available to businesses and homeowners that sustained damage from the storms and flooding on O'ahu from Dec. 10-16.

Wells Fargo buys loans and leases from GE (BizJournals)
Wells Fargo & Co. said late Monday that it purchased about $730 million in loans and leases from General Electric. (GE) (WFC)

Wells Fargo buys $730M in loans, leases from GE (BizJournals)
Wells Fargo & Co. has purchased $730 million in loans and leases from General Electric Co. (WFC) (GE)