Examples of Business Lending in a sentence
Except as otherwise disclosed in the Prospectus, the Company is not required, in accordance with Article 6 of Regulation S-X under the 1933 Act, to consolidate the financial statements of any corporation, association or other entity with the Company’s financial statements other than Prospect Capital Funding, LLC, Prospect Small Business Lending LLC, PSBL, LLC, Prospect Yield Corporation, LLC and each of the Consolidated Holding Companies.
The Company has elected to participate in Treasury’s Small Business Lending Fund program (“SBLF”).
A Small Business Lending Company (SBLC) is a nondepository lending institution that is SBA licensed and is authorized by SBA to only make loans pursuant to section 7(a) of the Small Business Act and loans to Intermediaries in SBA’s Microloan program.
Except as otherwise disclosed in the Pricing Disclosure Package and the Prospectus, the Company is not required, in accordance with Article 6 of Regulation S-X under the 1933 Act, to consolidate the financial statements of any corporation, association or other entity with the Company’s financial statements other than Prospect Capital Funding, LLC, Prospect Small Business Lending LLC, PSBL, LLC, Prospect Yield Corporation, LLC and each of the Consolidated Holding Companies.
OPIC Board Approves $500 Million for Small Business Lending in Egypt and Jordan,” press release, July 1, 2011.
Such shares of Preferred Stock have been designated as Senior Noncumulative Perpetual Preferred Stock, Series C, and were issued to the Treasury on July 6, 2011 in connection with the Company’s participation in the Treasury’s Small Business Lending Fund Program.
Banker’s banks that have funds from government capital infusion pro- grams (such as TARP and the Small Business Lending Fund), and stock owned by the FDIC resulting from banks failures, as well as non-bank- owned stock resulting from equity compensation programs, are not there- by excluded from the definition of banker’s banks.(2) Self-certification.
Revising paragraph (b)(4).The revisions and additions read as follows:§ 120.1600 General procedures for enforcement actions against SBA Lenders, SBA Supervised Lenders, Other Regulated Small Business Lending Companies (SBLCs), Management Officials, Other Persons, Intermediaries, and Non-Lending Technical Assistance Providers (NTAPs).
Small Business Lending Fund (SBLF) investments of 5% or more are reportable in Report Item 3 and should be treated similar to TARP CPP.
Additional supervisory guidance is available in NCUA letter to credit unions 10-CU-02 “Current Risks in Business Lending and Sound Risk Management Practices,” issued January 2010, and in the Commercial and Member Business Loans section of the NCUA Examiner’s Guide.The agencies received 22 unique comments from banking organizations and credit unions, state and national trade associations, and individuals.11Many commenters supported the agencies’ work to provide updated supervisory guidance to the industry.