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1 Apr 2020, 4:33 pm by Jacob Sapochnick
Microloan program: This program involves making loans through nonprofit lending organizations to underserved markets. [read post]
1 Apr 2020, 9:59 am by Christine Swanick and Wilda Wahpepah
Tribal leaders and federal officials this week will begin the task of implementing the economic relief programs of the Coronavirus Aid, Relief and Economic Security Act (or “Act”) passed by Congress on March 27, 2020. [read post]
1 Apr 2020, 9:39 am by Katherine Simone
Deferment options are available to borrowers for not less than 6 months and not more than 1 year. [read post]
1 Apr 2020, 9:37 am by Florence Campbell Jones
Availability of unsecured lending: Facilities of £250,000 and under may qualify for unsecured lending but it remains at the discretion of the lender. [read post]
31 Mar 2020, 4:30 pm by Peter Carson
The business must intend to restore at least 90% of the workforce it had as of February 1, 2020 and retain that workforce within 4 months after the federal government terminates its coronavirus emergency declaration. [read post]
31 Mar 2020, 12:28 pm by Elliot Hinds
The business must intend to restore at least 90% of the workforce it had as of February 1, 2020 and retain that workforce within 4 months after the federal government terminates its coronavirus emergency declaration. [read post]
31 Mar 2020, 11:25 am by SurovellFirm
  Caps on express loans were increased to $1 million for the time being. [read post]
The Coronavirus Aid Relief and Economic Security Act The Coronavirus Aid Relief and Economic Security Act (the CARES Act) passed and was signed into law on March 27, 2020. [read post]
The Coronavirus Aid Relief and Economic Security Act The Coronavirus Aid Relief and Economic Security Act (the CARES Act) passed and was signed into law on March 27, 2020. [read post]
Rather, it is governed by highly technical guidance, including 13 C.F.R. sections 121.103 and 121.301, that is ill adapted for the new broadened scope of SBA lending under the CARES Act. [read post]
30 Mar 2020, 2:14 pm by Scott A. Coleman
Section 4011 – Temporary Lending Limit Waiver Section 4011 of the CARES Act grants a temporary lending limit waiver to nonbank financial companies and temporarily permits the Comptroller of the Currency to exempt any transaction from lending limit requirements upon the Comptroller’s determination that such exemption is within the public interest. [read post]
30 Mar 2020, 12:01 pm by Jeremy M. Klang
Additionally the business cannot get multiple of these Paycheck Protection Program loans and must make a certification to that effect to the lending bank. [read post]
30 Mar 2020, 10:07 am by Shannon O'Hare
However, such lenders will have to opt-in to the lending criteria set forth in the CARES Act. [read post]
30 Mar 2020, 4:59 am by Chris Wesner
He even came to trust Wilson enough to lend her $1,000 on one occasion and an undisclosed amount on another. [read post]
28 Mar 2020, 7:29 am by Jordan Pascale, P.L.
Since the amount a Lender can lend is based on a multiple of their net worth, the decrease in value of their servicing portfolio asset, along with the cash paid for margin calls, reduces their capacity to lend. [read post]
27 Mar 2020, 5:03 pm by Alexander Volberding
The Act includes numerous provisions of interest to public agencies and their employees, including the creation of the following: (1) the Coronavirus Relief Fund; (2) the Disaster Relief Fund; (3) the Education Stabilization Fund; and (4) emergency relief lending for public agencies under the Coronavirus Economic Stabilization Act. [read post]
27 Mar 2020, 1:29 pm by Gary Botwinick
Payroll Tax Deferment – The employer’s portion of the social security payroll tax payment may be deferred until January 1, 2021. [read post]