| Amex offers short-term credit
Credit card issuers learned long ago that many small-business owners use their personal credit cards to fill gaps in cash flow. So why not come up with cards that are geared specifically for small businesses? Many have, and American Express Co. is among the latest to put out a new small-business card. Amex started taking applications this month for its Plum Card, which offers early payment discounts and an option to defer payments for up to two months with no interest, instead of the usual 30 days. Amex is promoting the pay-in-full card as an alternative to trade terms credit, which is a form of short-term credit negotiated between a small business and its suppliers. The card is "the first of its kind," said Raymond Joabar, a senior vice president at Amex's small-business division in New York City.
SBA Financing Seminars throughout the Community
The SBA will present at the Superior Financial Group's "Financing Your Business Seminar" for small loans up to $25,000.00. The loan offers a ten year term with low monthly payments and no pre-payment penalty. No collateral is required and has a rapid turnaround time on a loan decision. The loan may be used to pay off business credit card debt. SBA technical assistant providers will be helping Superior Financial Group take loan applications on sight, bring a copy of your driver's license to speed up the loan process. The seminars will be held at the following locations: Sept. 4 Northeast El Paso, Buck's restaurant, 9496 Dyer, 5:30 p.m. to 7:30 p.m. hosted by the El Paso Hispanic Chamber of Commerce (Cost $12.00 for BBQ Dinner). Sept. 5, City Hall Chambers, 860 N.
Is it time to panic?
Heading to the petrol pump? Your tank of unleaded may be pricier than usual. Renegotiating your mortgage? Expect a rise in your monthly payments. Time for the weekly supermarket run? Better carry a little extra cash. Mervyn King, governor of the Bank of England, has sent out a stark warning: the British public should prepare to economise. Next year, the bank's forecasts suggest, will be the toughest in a decade. Economic growth will slow, inflation will rise and share prices could tumble. The central bank will cut interest rates, but it will only work to soften the blow, not divert it - and mortgages may actually still rise. But how will all this translate into everyday life? Here The Observer investigates how the cost of motoring, mortgages and food could all be affected.
At our best: Local musicians get honorable mention
Pianist Evan Wu and violinist Patrick Yun both received honorable mentions at the Oregon Music Teachers National Association Performance Competitions at Lewis and Clark College on Nov. 3. Wu competed in the senior piano division and studies piano with Rachelle McCabe. Yun competed in the senior strings division and studies violin with Carol Sindell. Both are sophomores at Crescent Valley High School.Hooley nominates two for military academy Congresswoman Darlene Hooley (OR-5) has nominated two Corvallis students for candidacy at the distinguished Air Force Academy. Hooley nominated Corvallis residents Matt and his brother Andrew Richardson. Each were nominated for showing outstanding leadership qualities, a strong academic aptitude and a commitment to public service. .
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