Whatever question the crowd threw at her, she had an informed answer, often accompanied by a multi-point plan: immigration, health care, global warming, student loans, small business, animal rights, Cuba.
At the moment, Mr. Laplanche said, the company plans to grow organically, including by the potential addition of new financial products like auto loans, small business loans and mortgages.
As part of my research, I also interviewed fifty RiteCheck customers and spent a month staffing a hotline run by the Virginia Poverty Law Center for people experiencing difficulties with payday loans — small, short-term, unsecured loans that are typically advances on the borrower's paycheck.
But slowly a consensus has begun to form, particularly in Latin America, that this kind of specialisation makes it easier to build efficient (and therefore sustainably helpful) financial institutions.Early on, financial institutions affiliated to ACCION offered "solidarity loans"—small loans to groups of five people that were collectively guaranteed.
Capital One Financial : Founded in 1988, this Virginia-based financial giant offers a variety of consumer lending and deposit services, including credit cards, auto loans, small business loans, home equity loans and savings services.
And let me just say, Steve, there are four businesses, as I said before, performing loans that are likely to be performing loans, small cases for re-organization or liquidation.
The program will start out with $200 billion in financing for consumer loans, small-business loans and some corporate purposes.
Even before it snapped up Hibernia, Capital One was busy diversifying into car loans, small-business lending and home-equity loans.To this mix, North Fork adds well-regarded retail-banking and commercial-lending businesses in and around New York City, as well as a national mortgage lender, GreenPoint Mortgage.
Branches bring in mortgages, home equity lines of credit, auto loans, small-business borrowings, certificates of deposit, credit cards all products with fairly predictable income streams.
The current plan is to continue to expand the balance sheet with the Term Asset-Backed Securities Loan Facility (TALF), the program designed to buy securities backed by credit card debt, auto loans, student loans, small-business loans and real estate loans.
Alas, though many large employers are willing to make 15-year loans, smaller employers frequently are not, warns Ronald Stair, a principal at Creative Plan Designs, of East Meadow, N.Y.
