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"If you are old enough to go to college, we think you can understand the idea that when you sign up for a credit card, using the card creates a loan," said Catherine Pulley, a spokeswoman for the American Bankers Association.
The point of all this is that the bank clearly does not have to be holding prior reserve balances before it creates a loan.
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"So people created a loan to bridge that gap.
It works on economic development issues and created a loan program for minority-owned businesses.
As part of the judgment, Countrywide had agreed to create a loan modification program for some Arizona homeowners.
Michigan had just created a loan program to help old-line firms make the transition to new-economy industries, like solar-panel production and microchips, and the meeting turned into a plea to the Obama Administration to adopt the program as a federal plan.
Eventually, it wants to pre-compile people's documents to create a loan marketplace.
She created a loan fund to help residents develop small but profitable recycling and garbage processing businesses.
Randy Carver: Instead of focusing on people who are facing foreclosure due to non-payment, the government should create a loan program for credit-worthy people to buy these properties, people who cannot afford to own could then rent.
Similar to the way the organization handles its small business loans, Kiva is working closely with its Field Partners in the three countries to find students and to create a loan offering tailored for the countries' students.
That's why at the local level, in addition to the tax cuts I already mentioned, we also created a loan program for the businesses that, despite their credit worthiness, were being shut out from sources of capital.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com