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Small Business Lending: Meeting the Credit Needs of Creditworthy Small Business Borrowers (OCC 2010-6, February 2010), Interagency Statement. For most small business loans, the primary source of repayment is the cash flow of the business. A bank’s cash flow analysis should cover current and expected cash flows, and reflect expectations for ...
602-612 Flynn Street Alva, OK 73717. Office of the Comptroller of the Currency. Oklahoma City Field Office The Harvey Parkway Building 301 NW 63rd Street, Suite 490 Oklahoma City, OK 73116-7908. NOTE: This document is an evaluation of this institution's record of meeting the credit needs of its entire community, including low- and moderate ...
The Office of the Comptroller of the Currency (OCC) today published answers to frequently asked questions (FAQ) about the State Small Business Credit Initiative 2.0 (SSBCI) based on the facts and circumstances presented in the questions. These FAQs are not regulations and do not have the force and effect of law.
Commercial Credit. Banks issue commercial credit to companies, which then access funds as needed to help meet their financial obligations. Companies use commercial credit to fund daily operations and new business opportunities, purchase equipment, or cover unexpected expenses. OCC's commercial credit division provides information and policy ...
It is considered by courts to be intentional discrimination because no credible, nondiscriminatory reason explains the difference in treatment on a prohibited basis. The Fair Housing Act (FHA) and Equal Credit Opportunity Act (ECOA) protect consumers by prohibiting unfair and discriminatory practices.
Reviewing these reports allows you to correct any errors in your credit history and protect your credit identity. Learn more about identity theft on the Federal Trade Commission website and in the OCC's "Answers About Identity Theft." To order your free credit reports, visit annualcreditreport.com, or. call (877) 322-8228, or.
consumer-related credit cards with other consumer loans in determining compliance with the limitations on consumer loans and certain other assets in section 5(c)(2)(D) of HOLA (12 USC 1464(c)(2)(D)). Similarly, FSAs do not have to aggregate business-related credit card accounts with loans made under HOLA’s commercial loan authority.
related to small business lending. What is the State Small Business Credit Initiative? The SSBCI is a federal program, administered by the U.S. Department of the Treasury. The SSBCI 1provides funding to states. to support small businesses and empower them to access the capital needed to invest in job-creating opportunities.
The resource directory helps national banks and federal savings associations (collectively, banks); small business entrepreneurs; and other financing entities access resources to facilitate loans, investments, technical assistance and other services to small businesses through government, foundations, nonprofits, and other organizations’ programs, initiatives, and partnerships.
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Consumer Financial Protection Board (CFPB), the U.S. Department of Housing and Urban Development (HUD), the U.S. Department of Justice, and the Federal Housing Finance Agency (collectively, the ...