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SC Housing expanding homeownership program
The Palmetto Heroes program will now include essential workers such as medical professionals, grocery store employees and delivery drivers. Qualifying participants can receive low-interest loans and down payment assistance.
Greenwood chamber transitions under interim CEO
As the Greenwood SC Chamber of Commerce searches for a new executive, David Dougherty, vice president of investor relations at the chamber, stepped in as interim president and CEO as of Monday.
Wells Fargo will no longer accept loan applications from most independent car dealerships
Wells Fargo, one of the largest lenders for purchases of new and used cars, is no longer making auto loans to most independent car dealerships, a sign the bank is concerned about defaults in the wake of the pandemic.
NFIB survey: 90% of small business received PPP funding
Almost 90% of the members of the small business advocacy group National Federation of Independent Business received funding from the Paycheck Protection Program, according to a recent survey.
SBA, rapper host call for Southeastern entrepreneurs
SBA Regional Administrator Ashley Bell and Tip “T.I.” Harris, a rapper and entrepreneur, will host a conference call for minority business owners dubbed 100,000 Strong to spotlight business resources.
Lowcountry man sentenced to over 5 years for fraud scheme
A federal judge has sentenced Todd Vannatta to over five years in prison for a fraud scheme that stole over $1 million from approximately 28 investors whom he misled about his business ventures.
Mount Pleasant insurance agency among top in S.C.
Mount Pleasant-based insurance agency Brightway, The Howard Agency, has been recognized as one of the top five insurance agencies in South Carolina by property insurance company Lighthouse Insurance.
SBA assists businesses impacted by April tornadoes
The U.S. Small Business Administration has opened up several disaster loan options to businesses impacted by tornadoes, storms and high winds on April 12-13.
Dominion Energy reports first-quarter net loss of $270 million
The company reported a GAAP net loss of 34 cents per share and operating earnings of $1.09 per share, compared with a loss of 86 cents per share and operating earnings of $1.10 per share for the first 3 months of 2019.
SBA launches trial PPP window for small lenders only
The Small Business Administration sealed off an eight-hour window Wednesday to process Paycheck Protection Program loans only from lenders with an asset pool less than $1 billion.
United Community Bank acquiring Three Shores banks in Florida
United Community Banks Inc. and Three Shores Bancorporation Inc. have reached a definitive agreement for United Community Banks to acquire Three Shores, including its wholly-owned subsidiary, Seaside National Bank & Trust.
COPING WITH COVID: MassMutual S.C.
The coronavirus outbreak has accelerated changes in the financial services industry, including how financial advisers operate and how customers strategically think about the future.
