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SBA announces winners

SBA announces winners

The Colorado U.S. Small Business Administration office announced the 2014 small business winners. As previously announced, the Colorado Small Business Person of the Year is Jan Erickson, president of Janska LLC, in Colorado Springs. Other Colorado Springs entities won in different categories: • Wells Fargo National Bank, won the 7(a) large lender award, lenders with… Continue Reading SBA announces winners

Loans from the Small Business Administration enable business owners to have more money to inject into their businesses. That’s because the SBA requires less money as a down payment. SBA loans can be easy to obtain, said a lender who’s spent decades helping small businesses obtain financing.  While one local SBA lender reports his SBA… Continue Reading SBA loans through local banks offer flexibility

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Employers have options for ACA

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For employers who like to delay the inevitable, there’s some hope. Compliance with Affordable Care Act mandates has a few options to postpone one’s fate. Between 2014 and 2015 lurk dramatic differences in mandates. Starting on the first day of 2015, companies with 50 or more full-time-equivalent employees must offer health insurance coverage with essential… Continue Reading Employers have options for ACA

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  Wells Fargo Bank will pay at least $175 million to settle accusations that it discriminated against African-American and Hispanic borrowers in violation of fair-lending laws, the Justice Department announced Thursday.   Wells Fargo, the nation’s largest residential home mortgage originator, allegedly engaged in a pattern or practice of discrimination against qualified African-American and Hispanic… Continue Reading Wells Fargo to pay $175M in lending settlement

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Wells Fargo provided more SBA loans dollars to small businesses in Colorado than any other provider, according to information from the banking giant. In the first two quarters of 2012, Wells Fargo made 117 loans totaling nearly $35.8 million. “It’s a position we’ve held for a number of years,” said Cristie Drumm, Wells Fargo spokeswoman.… Continue Reading Wells Fargo approves $35 million in SBA loans in first two quarters

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Some small business owners say they are having an easier time getting credit now than in recent years. The result of having credit has helped them stay open, hire more people and expand services, according to a Wells Fargo-Gallup Small Business Index survey released this week. Since January, the number of small business owners who… Continue Reading Small businesses feel better about access to credit

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Wells Fargo & Co. gave nearly $3.7 million to 1,100 nonprofits in Colorado in 2011. It adds up to about $10,000 a day in giving to nonprofit organizations across the state, including organizations like The National Sports Center for the Disabled and the Anti-Defamation League’s “No Place for Hate,” Wells Fargo officials announced this week.… Continue Reading Wells Fargo gave $3.7 million to nonprofits in 2011

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Colorado is part of a $56.75 million multi-state settlement with Wells Fargo to settle allegations related to municipal bond derivatives. The suit alleges misconduct by people working at Wachovia, which Wells Fargo acquired in 2008, and says those people engaged in anti-competitive conduct in the municipal bond derivatives industry. The settlement is a component of… Continue Reading Colorado to receive part of multi-million Wells Fargo settlement

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Wells Fargo gives small grants to local charities

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Wells Fargo Community Assistance Fund will present $21,000 in grants to 16 Pikes Peak Region recipients this week. The recipients of the annual grants program were recently announced by Robert Gonzales Jr., Wells Fargo’s Community Banking president for Southern Colorado. “There are so many small, local, grassroots organizations that work tirelessly to help individuals and… Continue Reading Wells Fargo gives small grants to local charities

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Customers dodging new banking fees

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Banks might have increased their fees, but consumers aren’t paying them. A majority of consumers have managed to avoid paying fees, according to the American Bankers Association. An ABA survey found that 71 percent of bank customers don’t pay any fees,  and 82 percent of customers pay $3 or less per month in fees for… Continue Reading Customers dodging new banking fees

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