Posts Tagged ‘loan’

All-American opens new store in South Mississippi

MADISON and COLLINS — All American Check Cashing has opened a new retail store in Collins. It offers local customers both payday and title loan products. “The Collins location will increase our presence in Mississippi and expand our customer base in southern Mississippi,” said Michael Gray, president of All American Check Cashing. “With locations in […] [...]

Former city contractor pleads guilty to bank fraud

SOUTHAVEN — A former contractor with the city of Southaven has pleaded guilty to a federal charge that he made false statements to an area bank to get money from a loan for drainage work at a subdivision that his development company never built. The Commercial Appeal reports it took 53-year-old James Harris, of Hernando, […] [...]

Demand waning, TVA won’t ask to raise loan limit

by Associated Press Published: September 3,2013

Tags: borrowing cap, Congress, demand, electricity, energy, federal governmwnt, loan, power, Tennessee Valley Authority, utility

NORTH MISSISSIPPI — The Tennessee Valley Authority won’t ask Congress to raise its borrowing cap for at least the next 10 years. The Chattanooga Times Free Press reports that the federal utility says it anticipates being able to reduce its net borrowing in the next two years and reduce its debt over a decade by […] [...]

SBA disaster assistance available to victims of spring freeze

ACROSS MISSISSIPPI — The U.S. Small Business Administration federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Mississippi as a result of freeze on March 25-29. The disaster declaration includes Amite, Carroll, Claiborne, Clarke, Copiah, Covington, […] [...]

County takes out USDA loan to buy lans for wood pellet plant

LUCEDALE — George County supervisors have signed off on $1.3 million in U.S. Department of Agriculture loans to pay for land where a new wood pellet plant will go. The Mississippi Press reports that the USDA rural development loans will be used to purchase the property that will expand the George County Industrial Park. Green […] [...]

The First accounts for merger, net income down nearly 25 percent

HATTIESBURG — The First Bancshares Inc. reports net income available to common stockholders for the three months ended June 30 amounted to $706,000, or $.18 per diluted share, compared to $931,000, or $.30 per diluted share for the same quarter in 2012, a decrease of $225,000 or 24.2 percent. Net income available to common shareholders […] [...]

Renasant sees quarterly earnings jump

TUPELO — Regional bank Renasant Corp.’s profit rose 26 percent in 2013′s second quarter from the same three months of 2012, as it set aside less for bad loans and increased interest earnings. Renasant said today it posted quarterly profit of $8.02 million, or 32 cents per share, up from $6.35 million or 25 cents […] [...]

USDA awards loans, grants to three power associations

AROUND MISSISSIPPI — Loans and grant funds will be provided to applicants in 11 states to support businesses, improve the quality of medical care, and create or save hundreds of jobs through the U.S. Department of Agriculture’s Rural Economic Development Loan and Grant program. Three electric power associations in Mississippi are receiving loans and/or grants. […] [...]

Deadline approaching for post-tornado loans from SBA

ACROSS MISSISSIPPI — The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations of the deadline to submit disaster loan applications for damages due to the severe storms and tornadoes April 11-12. The deadline to apply for physical damage is June 17. Low-interest disaster loans are available in the following counties: Noxubee County […] [...]

Check-cashing firm buys 10 more stores across Miss.

MADISON — All American Check Cashing announced today the completion of the acquisition of 10 payday loan retail stores today throughout Mississippi. Terms were not disclosed. This marks the second merger and acquisition for All American this year and increases the total number of retail stores in Mississippi and Louisiana to 44.  The payday loan […] [...]

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