Posts Tagged ‘loan’

Citizens Holding records steep increase in net income

PHILADELPHIA — Citizens Holding Company (NASDAQ: CIZN) has released results of operations for the three and six months ended June 30, 2014. Net income for the three months ended June 30, 2014, was $2.093 million, or $0.43 per share-basic and diluted, up from $1.604 million, or $0.33 per share-basic and diluted for the same quarter […] [...]

KiOR retains investment bank to explore sale or restructuring

COLUMBUS — Struggling biofuel maker KiOR, deeply in debt to the state of Mississippi and others, says it has hired an investment bank to try to sell or restructure the company. KiOR, based in Pasadena, Texas, announced it had hired Guggenheim Partners in a yesterday stock filing. KiOR’s cash level is unclear, but the company […] [...]

Deadline approaching for SBA loans to drought victims

ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that Aug. 11 is the filing deadline for federal economic injury disaster loans in Mississippi as a result of drought between Aug. 27 and Oct. 21, 2013. […] [...]

FEMA forgives Coast city’s $5M-plus Katrina debt

PASCAGOULA — More than $5 million in loans approved for the city of Pascagoula after Hurricane Katrina in 2005 have been forgiven by the Federal Emergency Management Agency. The city was notified of the decision this week. After the storm, many businesses and services in Pascagoula shut down, causing the city to lose millions in […] [...]

Trustee wants Vantium to service Community Home loans

JACKSON — United States Bankruptcy Court for the Southern District of Mississippi has approved the request of Kristina M. Johnson, Chapter 11 trustee of the bankruptcy estate of Community Home Financial Services Inc., to retain Vantium Capital Inc. (d/b/a Acqura Loan Services) to service mortgage loans on behalf of the bankruptcy estate. Johnson’s appointment as […] [...]

SBA surpasses $100M in loans through third quarter

ACROSS MISSISSIPPI — With just over three months to go before the federal fiscal year ends, the U. S. Small Business Administration Mississippi District has surpassed the $100-million milestone. Thus far through the third quarter of fiscal year 2014 (Oct. 1, 2013 to June 15, 2014), the Mississippi SBA office has 287 approved loans totaling […] [...]

Biofuel manufacturer KiOR begins layoffs at Columbus plant

COLUMBUS — Biofuel maker KiOR is laying off employees as it idles its Mississippi refinery, intensifying questions about the future of the cash-strapped company. The company said yesterday that it has cut 18 employees. KiOR, based in Pasadena, Texas, said 55 employees remain at the Columbus plant. “Given the company’s limited cash flow, we do […] [...]

State’s consumers in line for payments under SunTrust settlement

JACKSON — Attorney General Jim Hood says Mississippi consumers will be eligible for payments under a settlement between 48 states, the federal government and SunTrust. The U.S. Justice Department said yesterday the $968-million settlement resolves allegations that SunTrust underwrote and provided faulty mortgage loans. The federal government accused SunTrust of giving borrowers false and misleading […] [...]

Deadline approaching for SBA assistance to storm victims

ACROSS MISSISSIPPI — The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations in Mississippi of the deadline to submit disaster loan applications for damages caused by the severe storms, tornadoes, and flooding between April 28-May 3. The deadline to apply for a physical damage disaster loan is June 30. The SBA encourages […] [...]

Deadline approaching for PNPs affected by spring storms

ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding eligible private non-profit (PNP) organizations in Mississippi of the July 11 deadline to submit disaster loan applications for damages caused by severe storms, tornadoes and flooding between April 28 and May 3, 2014. PNPs that provide non-critical services located in the following counties are eligible to […] [...]

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