Tag Archives: banking

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 – …

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 …

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 …

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 …

Riverside-based Security Bank of California reported solid earnings growth during the first quarter of this year. Security Bank had a net income of $1.2 million during the quarter, a 19 percent gain compared with the first quarter of 2014, according to a statement released Tuesday by Security California Bancorp, the …

Riverside-based Security Bank of California has agreed to buy a branch of Rabobank N.A. in Murrieta. Security Bank will acquire about $53 million in deposits, according to statement issued Wednesday by Security Bank. The branch is located at 40723 Murrieta Hot Springs Road. The purchase, which is expected to be …