Archive for October, 2012 Publishes Free Informational Article

Wednesday, October 31st, 2012

Los Angeles, CA — (SBWIRE) — 10/03/2012 — announces the introduction of a brand-new online article that gives consumers detailed information on cash advances and the costs associated with them. Visitors to the company’s website can read the article “Rates Fees” to find out how loan interest rates and fees are determined. The material can also help consumers decide whether or not the rates and fees attached to a particular loan they are considering are acceptable. These figures can vary widely among lenders, and it’s considered important for consumers to know why this happens and exactly what to expect when applying for a loan.

“It’s very easy and understandable for a consumer to overlook the actual cost of a cash advance,” says spokesperson Rachel Miller. “When you’re borrowing a loan and focusing on making sure you get enough money to pay important bills, you might not read through a loan agreement carefully, and this can lead to further financial trouble if the loan you accepted has high interest rates and fees tacked on. Our company is determined to help consumers make the right choice when they’re looking for a lender. We’re do this by providing people with the information they need to understand the costs involved with a cash advance.”

An online payday advance loan can provide people with the quick cash they need in order to cover an unexpected emergency expense, make a mortgage payment on time or get caught up with student loan payments. This type of loan comes with a very short application process and fast approval time. Consumers who do not have good credit should not have a hard time getting approved for a loan, as neither nor the lenders it works with consider applicants’ credit scores when deciding whether or not these people qualify for assistance.

Additionally, consumers do not have to pay any fee to go through the online application process on the website for, which itself is not a lender but rather is a free service that connects consumers to reputable cash lenders located nationwide. Furthermore, individuals who are approved for a loan are not required to put up any collateral whatsoever.

Consumers have the chance to thoroughly review an explanation of the costs associated with any cash advance they have been approved for. This is guaranteed by the federal Truth in Lending Act. Cash advance lenders are not allowed to hide information on rates and fees. They must disclose these figures upfront so that consumers can look them over and decide if they are acceptable to them. Consumers always have the option to continue searching for a satisfactory loan instead of signing for one that they are not happy with.

Rare predicaments will certainly take place that will create turmoil for many folks throughout unpredicted occasions. Grabbing a needed Online Cash Advances Loans may well be a great idea to benefit some indi

Urban Trust Bank draws scrutiny from regulators for prepaid debit cards …

Tuesday, October 30th, 2012

Urban Trusts agreement with the US Office of the Comptroller of the Currency, dated July 18, calls for the bank to improve, among other things, its consumer-protection compliance program, its oversight of the prepaid-card business and its monitoring of third-party vendors.

The bank has generated millions of dollars in revenue since entering the prepaid-card business in 2009 in partnership with CheckSmart, a storefront chain owned by Ohio-based Community Choice Financial Inc., which specializes in payday-advance loans and other alternative financial services.

Urban Trust said earlier this week it has addressed all of the issues raised by the comptrollers office, which is the principal regulator for the nations federally chartered banks. Bank officials said that, in most cases, they merely had to update documents showing how the banks operations — including its prepaid debit-card business — were already in compliance with US financial laws.

We were required to respond within a given time frame, and we have responded, said Angelo Palombi, Urban Trusts interim chief executive officer. We routinely review our operations and perform internal audits, but the regulators are saying there is a better way to document that. So we agreed to provide added information.

The Comptroller of the Currencys agreement with Urban Trust refers to violations discovered during an examination of the bank earlier this year, though it does not provide specifics. Such exams are confidential, and banks are not allowed to comment publicly on specific findings.

Urban Trust, once known as Metro Bank of Orlando, is a historically black-owned savings and loan that media billionaire Robert Johnson acquired and renamed in 2006. He sold his interest in the bank about two years ago. Its deposits totaled $281 million as of June 30 — a nearly 10-fold increase since 2008, according to the latest regulatory data — making it the eighth-largest locally based bank based on Central Florida market share.

Regulators began scrutinizing Urban Trust after more than two-dozen consumer-advocacy groups petitioned the Comptroller of the Currency, asking the agency to intervene in the banks prepaid debit-card venture, which the groups described as a ruse designed to help payday lenders evade state usury laws by making payday loans on prepaid cards.

Payday advances have long been criticized by consumer advocates, who cite the very high costs of the short-term, unsecured loans, which are typically tied to the customers next paycheck.

Prepaid debit cards work differently — customers deposit cash upfront, and their money is loaded onto their cards, which can then be used like conventional debit or credit cards — but consumer groups say payday-advance-like costs can be triggered by optional overdraft protection that card vendors sell.

According to the complaint filed by consumer groups with the Comptroller of the Currency, overdraft-protection fees on Urban Trusts prepaid cards amount to triple-digit interest rates on what amount to short-term loans. A charge of $15 for every $100 worth of overdraft protection, for example, is the equivalent of an annualized interest rate of 390 percent — comparable to the annual percentage rates on payday advances, consumer advocates say. Such rates violate usury laws in some US states, including Ohio and Arizona, the groups noted.

Unusual incidents may easily start that are able to stimulate turmoil for most through acute situations. Attaining a good solid vital Instant Cash Advance Loans can be quite a strategy to support individuals

Shop fire in Potchefstroom

Monday, October 29th, 2012

Johannesburg – A retail supermarket burnt down in Potchefstroom in the early hours of Thursday, North West police said.

At about 3am, Shoprite at River Walk Mall in Potchefstroom burnt to ashes. In the process, Life Line Cash Loan business was also affected, said Captain Tselane Nkala. She said the cause of the fire was not known.

The damages are still unknown as the fire and emergency services were still extinguishing the fire.

She said the police were investigating and trying to establish if there was any foul play. A case of arson had been opened.


Certain circumstances might pop up that will trigger hardship for many individuals in the course of unforeseen conditions. Finding the latest needed Instant Cash Advances Loan might be a good idea to benefit

BNI Sets Loan to Hutama Karya for Infrastructure

Monday, October 29th, 2012

Bank Negara Indonesia, the country’s fourth-largest lender by assets, agreed on Monday to lend Rp 3.95 trillion ($411 million) to construction company Hutama Karya, to help it finance infrastructure projects in the country.

Under the loan agreement signed on Monday, BNI will provide Rp 500 billion in a cash-loan facility and Rp 3.45 trillion in a non-cash loan facility.

Gatot Mudiantoro Suwondo, BNI’s president director, said the credit facility could be used by Hutama Karya to secure a bank guarantee to fulfill capital expenditures, or a letter of credit issuance for its projects this year.

“With this agreement, Hutama Karya could anticipate the possibility of an increase in capital spending for its projects,” said Gatot, adding Hutama Karya estimated that it would need about Rp 13 trillion to fund various projects.

The company did not provide any other terms of the loan including the tenor and the interest rate.

Gatot said that BNI had allocated about 30 percent of its credit facility for infrastructure projects. Outstanding loans at BNI had reached Rp 190 trillion as of August.

BNI will also provide cash management services for Hutama Karya’s accounts within the lender. Hutama Karya has total demand deposits valued at more than $4 billion at BNI — consisting of Rp 44.4 billion in rupiah-denominated deposits and $3.9 billion in dollar-denominated deposits.

BNI and Bank Mandiri, two of the four state lenders in Indonesia, have reportedly shown interest in funding various infrastructure projects. These projects include seaports, airports and toll roads in Indonesia.

Tri Widjajanto , Hutama Karya’s president director, said that the firm was currently handling several projects valued at around Rp 10.4 trillion.

Road, bridge and building construction accounts for about 70 percent of its business, he said.

Among Hutama Karya’s projects are the Tanjung Benoa toll road in Bali, a 179-kilometer toll road in Central Java, the St. Moritz mall in West Jakarta, and Jakarta’s mass rapid transit system.

Looking ahead, Tri said that Hutama Karya planned to expand into engineering, procurement and construction in the oil and gas sector, with a Rp 1 trillion contract to boost production in Exxon’s Banyu Urip field as the starting point.

Tri said the credit agreement was aimed at making the firm more competitive.

“In our sector, there are three main factors that determine the outcome of competition: human resources, technology adaptation and financing,” he said.

Ari Widiyantoro, corporate secretary of Hutama Karya, said the company made a profit of Rp 8 billion on the back of Rp 2 trillion revenue in the first semester.

“For the full year, we are targeting revenue of Rp 5 trillion and a net income of Rp 150 billion,” he said.

Rare disorders will pop up that could spark problems for many over unexpected intervals. Receiving an actual crucial Instant Cash Advances might be a good idea to facilitate people throughout high pressure oc

10 months after audit, Russell still withholding Legislature’s travel and cash …

Sunday, October 28th, 2012

10 months after audit, Russell still withholding Legislatures travel and cash advance records Obstructing the publics right to know

Exclusive incidents definitely will take place that is going to cause hassles for many during startling occasions. Obtaining some sort of important Instant Cash Advance Loans may be a wise course of action to

Nusantara Regas gets $52m loan from Mandiri

Saturday, October 27th, 2012

Paper Edition | Page: 13

Bank Mandiri has agreed to provide US$52 million in loans to PT Nusantara Regas, a company jointly owned by state oil and gas firm PT Pertamina and state gas distributor PT Perusahaan Gas Negara (PGN), to support its business activities.

The one-year loan followed a non-cash loan amounting $100 million that Bank Mandiri channeled to the company in March this year, which has so far been 85 percent disbursed.

Nusantara Regas recently began the operation of a floating storage and re-gasification unit (FSRU) in Java bay in West Java that delivers gas from the Mahakam block in East Kalimantan to the Muara Karang gas and coal fired power plant (PLTGU) owned by state power company PLN.

“We hope that Nusantara Regas can utilize this credit facility to support the operations of its FSRU,” Bank Mandiri institutional banking director Abdul Rahman said on Wednesday.

Nusantara Regas’ FSRU, the first facility of its kind in Asia, takes deliveries of liquefied natural gas (LNG) from tankers and turns it back into gas, a process known as re-gasification, before pumping it to the power plant through the undersea pipeline.

The FSRU has a total capacity of storing and regasifiying 3 million tons per annum (mtpa) of LNG.

The unit, however, is currently producing at less than 50 percent of its full capacity as LNG supply to the facility is still limited, according to Nusantara Regas president director Hendra Jaya.

At the moment, the firm’s FSRU receives 1.06 mtpa from the Bontang LNG plant in East Kalimantan.

“Our major challenge now is how to get additional supply for our [FSRU] so it can produce at its full capacity of 3 million [mtpa],” he said on Wednesday, adding that his company might aim to get the additional supply from the LNG plant belonging to oil and gas giant BP in Tangguh, among other sources.

Nusantara Regas plans to use the additional capital from Bank Mandiri to finance its activities, especially in managing the FSRU so its production capacity could be increased, he added.

As of July this year, Regas had delivered as much as 200 million standard cubic feet per day (mmscfd) of natural gas to PLN. The Muara Karang power plant absorbed 165 million mmscfd, while the rest was delivered to PLN’s plant in Tanjung Priok, North Jakarta.

As reported earlier, both PLN and Nusantara Regas have agreed on a price of $14.43 per mmbtu. Nusantara Regas’ Hendra agreed that the price was neither too expensive nor too cheap, meaning it was a win-win solution for both his company and PLN.

The construction of the FSRU is part of the government’s mission to provide better infrastructure for the domestic oil and gas industry in anticipation of rising domestic demand for gas, which is predicted to jump from 3,500 mmsfcd to 4,700 mmscfd in 2015.

The government has been encouraged an increase in the use of natural gas, especially for power generation, considering the fact that natural gas is relatively cleaner than other fossil fuels.

“We support any government programs that aim to reduce the usage of oil for powering PLN’s power plants,” said Bank Mandiri’s Abdul. Indonesia plans to build a number of LNG receiving terminals or FSRUs to cope with infrastructure problems in the distribution of gas throughout the archipelago.

Pertamina plans to convert the Arun LNG plant in Aceh into a receiving terminal. In addition, gas distributor PGN plans to build an FSRU in Lampung. (sat)

Extraordinary ailments may pop up which will trigger challenges for many people through unusual instances. Getting any desired Instant Cash Loans could be a sensible way forawrd to assist folks due to demandi

Payday Loan Aggregator Announces Improved Online Service

Friday, October 26th, 2012

LOS ANGELES, Oct. 22, 2012 — /PRNewswire/ –#xA0; announces some essential system upgrades to the comparison service for payday loan matching.#xA0; Completion of a brief application form can lead to a bulk sum of short term cash being paid directly into the bank account of successful applicants.

The website helps consumers with bad or no credit scores to search and select amongst the best online payday loans for a variety of top rated lenders. Following the upgrades, intending borrowers can now enjoy a smoother application process, faster response times and greater chances of approval for short term loans until next pay day.

The services target borrowers are individuals in need of quick access to funds, without credit checking and without delay. A great benefit of the online comparison method is that it allows for instant decisions. For those whose applications are approved, the short term monies are transferred into checking accounts within hours of approval. The process of applying has been made faster than ever before, taking less than three minutes from start to finish.

A spokesperson for made the announcement and shared details about the improvements made to the website.

Following consultations with customers that regularly use our service, we are pleased to announce that the website has undergone some service enhancing improvements.

The spokesperson gave greater detail about the changes made to the service and how they will assist those in search of quick, 4-week loans, repayable with the next paycheck.

The improvements we have made to PaydayLoansOnline focus on enhancing speed and competitiveness within the market of short term, emergency loans. We have optimized the procedure and made the approval process almost instant. When a would-be borrower completed our three minute application form and clicks submit, their details are instantaneously scanned by our broader than ever selection of top-tier online cash loan companies with whom we are partnered.

The spokesperson concluded, We are confident that our revamped service offers consumers a much better solution to timewasting door-to-door searches or multiple phone calls for loans. We bring together all of the options from the best lenders online, in one application and results page.

For more information, visit: To apply for a loan visit:

Contact: Sam Milo Tel: 786-3199951


Different situations could possibly start which can initiate frustration for many folks over acute situations. Getting hold of the latest needed Fast Cash Loan could be a good option to aid anyone as a result

Business Cash Advance Leader CEO Featured on National Internet Radio Talk …

Thursday, October 25th, 2012

Merchant Cash and Capitals Stephen Sheinbaum Talks Business and Provides Financing Tips on Money for Lunch National Radio Talk Show

New York, NY (PRWEB) October 09, 2012

Merchant Cash and Capital, LLC ( announced today that its CEO Stephen Sheinbaum made a fifteen minute appearance on a national Internet radio program addressing small business merchants, providing tips and clearing up myths about merchant cash advances. Sheinbaums’ appearance came during the Money for Lunch business news segment hosted by the ever popular Bert Martinez. Steve’s interview can be viewed and heard at the following link:

“While I don’t think popular talk show hosts Rush Limbaugh or Howard Stern have anything to worry about, I did want to spend my time on the air providing information for small business owners and operators that they can immediately put to use,” said Sheinbaum. “I also wanted to address some of the myths and misperceptions about merchant cash advances that preclude many businesses from seeking out this easy to access form of business financing. I wanted to make the points that merchant cash advances are easy and fast to get, extremely flexible in terms of how they can be used and that they are a good fit for many businesses, especially at a time when credit is tight and access to capital is limited.”

The Money for Lunch program originates from Houston, Texas and is streamed live. It covers a variety of national business news subjects and often features business experts and business owners who regularly share their best practices. More information about Money for Lunch is available at

Since 2005, Merchant Cash and Capital, LLC has been one of the nation’s leading cash advance funding providers. MCC has provided nearly $500 million in financing to over 12,000 distinct customers.

For more information about Merchant Cash and Capital’s cash advance programs, visit or call 1-877-777-8236.

For the original version on PRWeb visit:

Unusual circumstances definitely will appear proven to produce issues for some while in unpredicted situations. Uncovering a desired Fast Cash Advances Loans could be a brilliant idea to enable men and women

No Credit Check Cash Loan For Bad Credit Loan Searchers – get your financing …

Thursday, October 25th, 2012

No Credit Check Cash Loan For Bad Credit Loan Searchers – get your financing currently without any wait

Particular scenarios may start that is going to provoke distress for many over startling conditions. Uncovering a mandatory Online Cash Advances Loans may well be a wise decision to service everyday people ov

Merchant Cash Advance Provider Looks to Small Business Lending Needs

Thursday, October 25th, 2012

Merchant Cash Advance Provider Looks to Small Business Lending Needs
According to the Small Business Administration, companies pulling in millions of dollars in revenue have no issues getting lending, but true small business owners face more challenges.

VAN NUYS, CA, October 11, 2012 /24-7PressRelease/ — Merchant Resources International, Inc. (MRI, Inc.), a leading merchant cash advance provider, is pleased to be offering solutions aimed at those small businesses which all too often fall through the cracks at major banks.

The big news in the last couple of weeks for small business owners is that the Small Business Association has indicated that big banks have upped their loans to small businesses in the past year. This news should have small business owners leaping for joy, but the reality of the situation is that these loans are mainly being given to larger small businesses.

Ami Kassar, an expert on securing funding for small businesses says that the SBA numbers, while accurate, paint a picture of reality that is misleading. If you have a decent company with revenue between $5 million and $20 million, banks will fight to give you a loan, said Kassar. The problem is lower down the totem pole.

For many lower revenue businesses the struggle to get a bank loan can be insurmountable. Often the difficulties in securing capital are compounded by the strain businesses are under when they are just starting out, or due to the oppressive financial reality of the economic troubles the market continues to struggle under.

With so many business owners wanting to invest in their enterprises by hiring more people, acquiring new equipment, upgrading and renovating their storefronts, it is a serious issue that funding is so difficult to come by.

A solution to this problem for many businesses is offered by MRI, Inc., though their line of merchant cash advance offerings. The company is specialized in getting money to small businesses in need, and features a streamlined application process which can get money into a clients hands within a week. They also offer easy renewal for businesses looking to continue to expand.

With the challenges facing small business owners every day, its important for them to be able to identify avenues of opportunity open to the when the big banks ignore their needs. And thats exactly what MRI, Inc. does for their small business clients.

MRI, Inc. is a Van Nuys, California based company that provides various funding products for small businesses. The company has been in the business of providing small business merchants with direct cash advances for over nine years. With a hefty 85% of their customers renewing their advances, MRI, Inc. has a demonstrated history of the provisions of services that small businesses crave. The firm holds an excellent rating with the Better Business Bureau.

Merchant Resources International, Inc. media contact person David Castro can be reached by telephone at 1-800-277-1750. The companys website is accessible at, and details all of the corporations services, as well as provides interested parties with further information about the organization.

Press release service and press release distribution provided by

Interesting circumstances could very well surface which could contribute to issues for most in the course of startling moments. Getting a vital Instant Cash Advances is usually a brilliant concept to benefit