Government agencies, private enterprises and academic institutions requiring complex, geographically distributed or mission-critical data networking and telecommunications services can now turn to Burlington, VT.-based Eagle Network Solutions (ENS).ENS has served the United States Department of Defense, including the Pentagon Renovation Program, as well as the United States Marine Corps, the United States Supreme Court and various academic and enterprise customers.“Our network of engineers have proven experience working on high-pressure, high-profile projects,” said Tim Banks, managing partner of Eagle Network Solutions. “We have successfully served large government, academic and corporate clients, and are currently focusing our expansion on New England-based corporate entities that require large or extremely complex data networking or telecom solutions.”ENS core competencies include: expertise across networks ranging in size from single buildings and campuses to entire metropolitan areas and multiple regions; generation of technical specifications, network and training documentation, white papers and proposals; consultation on vendor/source selection and supply chain management; expertise in VoIP (Voice over IP), Wireless Infrastructure, ATM and Gigabit Ethernet topologies, among others; and experience in emergency response coordination and disaster recovery planning and support.According to company officials, the firm has partnered with other leading data networking and telecommunications firms, and is pursuing partnerships with others.About Eagle Network SolutionsBurlington, VT.-based Eagle Network Solutions provides complex, geographically distributed or mission-critical data networking and telecommunications services to government agencies, private enterprises and academic institutions.For more information, visit www.eaglenetworksolutions.com(link is external).
The data (in graph 1) shows that total business loans, inclusive of MBLs and commercial loans (accounting for the overlap between the two) have grown 27% over the last 2 years. Furthermore, as of Q3 2018, business lending has grown 15%, notwithstanding the removal of 1-to-4 family dwelling from the definition of MBLs. That growth doesn’t account for any single 1-to-4 family dwelling loans (which is likely growing as well) since those loans no longer count as business loans. So, in reality, if you consider 1-to-4 family loans in addition to business lending, the growth is even higher.Beginning in June 2018, the data shows an initial drop in total MBL/Commercial lending, which reflects the removal of 1-to-4 family homes from those categories. In every consecutive quarter following, MBL/Commercial lending has continued to grow quarter over quarter.Additionally, non-member commercial loans acquired through participations are not counted towards a credit union’s MBL limit, creating new balance sheet capacity for credit unions to better serve their business members while simultaneously diversifying their portfolios.The terminology and classifications of MBL versus commercial loans is confusing, especially given all of the recent changes, so we’ve outlined the classifications that are considered MBLs/commercial loans/both to facilitate better understanding of the regulatory changes.Ultimately, these regulatory changes and the resulting growth simply reflect the capital needs of small and medium-sized local businesses and how well credit unions can effectively match that need. Absent the combination of business need and credit union effectiveness, all the regulatory changes in the world would not have mattered.While the future direction of the economy may be uncertain, what is certain is that credit unions will continue to grow business lending as the best provider of capital to this incredibly important but underserved area of business. Credit Union business lending is on the rise. Notably, as of Q3 2019, MBLs are 6.19% of total loans compared to 5.65% as of Q1 2018 according to NCUA. This growth is due to a few factors, not the least of which is a number of recent regulatory changes creating room for business lending growth to bloom, including:A loan secured by a 1-to-4 family dwelling, regardless of the member’s occupancy status, is no longer classified as an MBL or commercial loan.A non-member business loan or a non-member participation interest in a commercial loan made by another lender is not classified as an MBL. 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Ian Lampl Ian Lampl is CEO & Co-Founder of LoanStreet Inc., an innovative online platform that helps financial institutions share, manage, and originate loans.Prior to launching LoanStreet, Ian served as Deputy … Web: https://www.loan-street.com Details read more
According to the Oneonta Fire Department the fire broke out around 2:20 a.m. on Cedar Street in Oneonta. Multiple crews assisted in the fire including the West Oneonta Fire Department, the Otego Fire Department, Lauren’s EMS. ONEONTA (WBNG)- A family of four is displaced after a fire broke out early Wednesday morning. There were no injuries involved. The Oneonta Fire Department is currently investigating the cause. This is a developing story stay with us for further updates. read more