Monday , April 12 2021

Tag Archives: banking

CVB Financial named top bank in U.S.

CVB Financial Corp, the holding company for Citizens Business Bank, has earned the ranking of “Best Bank in America” for the second consecutive year, according to Forbes’ America’s Best Banks 2021. In establishing its ratings, Forbes looked at ten metrics – including credit quality, growth, and profitability – of the 100 …

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Cash Flow Options When Collateral is Tied Up

Solve Capital Group

For creditworthy business owners, a Small Business Administration (SBA) 504c loan or SBA 7-a loan is typically the first go-to solution when working capital is needed. Alternatively or additionally, one might apply for a line of credit. These are great secured financing tools to help businesses get working capital – …

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Ending the Cycle of Financing Challenges

Solve Capital Group

When it comes to financing small business expenses, some business owners have trouble obtaining approval because of the strict requirements of banks. “Typically, banks require large profits and debt service coverage in order to lend to any specific business,” Jeff Brannon of Solve Capital Group said. “So many business owners …

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IE credit union has strong first quarter

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Altura Credit Union enjoyed a solid first quarter, a three-month period highlighted by the reopening of one of its main branch offices. The Riverside-based financial institution reported net income of $2.3 million and assets of nearly $800 million during the first three months of this year, according to the company’s …

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Bank posts solid income gain

Inland Empire Braces for Shopping Season.002

Provident Savings Bank reported a positive third quarter this week. The Riverside-based bank reported a net income of $2.6 million for the quarter, with cash dividends of 12 cents per share to be paid to its stockholders, according to a company statement. That’s an 86 percent increase compared with Provident …

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