Mississippi Business Journal » Chevis Swetman

The money’s there, but small businesses put borrowing aside

Lisa Monti — Fri, 18 Jan 2013 23:09:03 +0000

Bankers say they have the money to lend small businesses but they see owners staying on the sidelines rather than borrowing. Chevis Swetman, chairman of the board and chief executive ofﬁcer of The Peoples Bank in Biloxi, neatly sums up small business owners’ hesitancy: “Three little words: Fear, uncertainty and doubt.” The Peoples Bank has [...]

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Private business facing another year of cloudy fiscal outlook

Ted Carter — Sun, 21 Oct 2012 06:01:02 +0000

It’s often been said it takes a lean dog to run a long race. And with that in mind, staying lean is a likely survival strategy for Mississippi’s private businesses heading into 2013. Even companies with fat cash reserves are keeping lean, preferring to horde their money until signs of an economic turnaround become clearer. [...]

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Refinance activity strong in state as people take advantage of record low rates

Becky Gillette — Sun, 03 Jun 2012 06:01:02 +0000

The flip side of the housing bubble burst is that interest rates are as low as people are likely to see in their lifetimes. That combined with the government’s HARP II program to help distressed homeowners stay in their homes are reducing mortgage amounts, and contributing to increased revenues at banks. Regions Bank chief financial [...]

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