WASHINGTON - A "perfect storm" of tightened credit by commercial lenders, declining creditworthiness and reduced demand for loans from small business borrowers uncertain about the future has led to a substantial decline in the number of small business loans guaranteed by the U.S. Small Business Administration during FY08, SBA Acting Administrator Sandy K. Baruah said Friday.
Over the past few weeks, the news has been almost incomprehensible. It's hard for many of us to make sense of the failure of major Wall Street firms and large banks and the $700 billion bailout of the financial sector. And it's hard for investors to be calm when stocks have fallen almost 30 percent from their all-time high a year ago. What can you do to cope? Consider the following "checklist" for surviving a financial crisis:
In response to a call to action put out by Food Outreach Co-op of Effingham (FORCE), a not for profit organization that collects non-perishable items for area food pantries in Effingham County, Spine and Sport will have a week-long food drive at its Rincon office, beginning Nov. 3.
Stephanie Casey and Alicia Howe have joined Coldwell Banker Intercoastal Realty as full-time sales associates.
A steady downpour couldn't dampen the enthusiasm from Citizens Bank of Effingham's staff.
Temcor is working on a design for a second 110-foot diameter dome for a storage tank at the Vopak Savannah port facility.
ATLANTA - The Georgia Department of Labor reported that the unemployment rate in Coastal Georgia rose to a preliminary unadjusted rate of 6.0 percent in September, up 1.9 percentage points over the year from September of 2007. The jobless rate in Coastal Georgia rose one-tenth of one percentage point from a revised 5.9 percent in August.
You've spent many years planning for retirement and since that time is finally near, you may wonder where to invest your money and whether or not your savings will last throughout retirement. Many newly retired investors think switching to a conservative investment approach is best. However, the growth of your savings after retirement is just as important as when you first started saving.
ATLANTA - The Georgia Department of Labor (GDOL) reported that the state's seasonally adjusted unemployment rate rose to 6.5 percent in September, the highest rate in 16 years. The jobless rate was up two percentage points from 4.5 percent at this same time last year. The September unemployment rate was up two-tenths of one percentage point from 6.3 percent in August.
Citizens Bank will celebrate its 10th anniversary this Friday with prize drawings and complimentary hot dogs, hamburgers and soft drinks at each of its offices in Springfield, Rincon, Guyton and Port Wentworth.
If you're a "senior" member of the baby boom generation - generally defined as those born between 1946 and 1964 - you've seen a lot in your life: the Cold War, the first moon landing, the birth of the Internet and much more. But in just a few years, you may face something you probably never thought you'd see: your retirement. To make a smooth transition to this stage of your life, you'll need to become familiar with a few key financial topics.
ATLANTA - The U.S. Small Business Administration announces that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives and most private, non-profit organizations of all sizes located in the state of Georgia as a result of drought and excessive heat that occurred on Jan. 1, 2008, and continuing.
WASHINGTON - The U.S. Small Business Administration unveiled a new Web site geared to the 50-plus entrepreneur, providing useful information, links and resources vital to starting, growing and expanding a small business.
ATLANTA - The Georgia Department of Labor announced that 56,652 laid-off workers filed first-time claims for unemployment insurance benefits in September, an increase of 76.3 percent from September 2007.
U.S. Rep. John Barrow (D-Augusta) will team up with Google to host a workshop Thursday in Augusta encouraging small businesses to utilize the Internet to grow their businesses.
The Georgia Department of Labor announced Thursday that Georgia's seasonally adjusted unemployment rate decreased to 7.4 percent in December, down two-tenths of a percentage point from a revised 7.6 percent in November. The rate was 8.7 percent in December a year ago.
Gov. Nathan Deal announced Thursday that Daniel Defense, a leader in small arms manufacturing, will expand its existing operations in Black Creek adding 120 new jobs and investing $20 million into the project over the next five years.
Effingham Industrial Development Authority members have granted a 60-day extension on a master plan for a massive studio project off Interstate 16.
The Effingham Industrial Development Authority is hitting the restart button on a deal with a Chinese conglomerate.
Gulfstream Aerospace Corp. announced Tuesday it will expand its aircraft service and support organization by adding a new worldwide product support distribution center located in the NorthPort Industrial Park near the Interstate 95 and Georgia Highway 21 interchange in Savannah.
Dr. Toni Sylvester began practicing in Effingham County a year ago because she saw a need in the community.
Armstrong Atlantic State University's latest Coastal Empire Economic Monitor reports the Savannah-area economy expanded significantly during the third quarter of 2013 and should continue to experience growth in the first half of 2014.