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31 Mar 2020, 11:25 am
Caps on express loans were increased to $1 million for the time being. [read post]
31 Mar 2020, 10:58 am
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]
31 Mar 2020, 10:58 am
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]
31 Mar 2020, 6:57 am
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
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
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
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
He even came to trust Wilson enough to lend her $1,000 on one occasion and an undisclosed amount on another. [read post]
30 Mar 2020, 3:03 am
This Cleary memo summarizes 10 key aspects to the bill: 1. [read post]
28 Mar 2020, 7:29 am
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
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
Payroll Tax Deferment – The employer’s portion of the social security payroll tax payment may be deferred until January 1, 2021. [read post]
27 Mar 2020, 1:29 pm
Payroll Tax Deferment – The employer’s portion of the social security payroll tax payment may be deferred until January 1, 2021. [read post]
27 Mar 2020, 1:29 pm
Payroll Tax Deferment – The employer’s portion of the social security payroll tax payment may be deferred until January 1, 2021. [read post]
27 Mar 2020, 1:29 pm
Payroll Tax Deferment – The employer’s portion of the social security payroll tax payment may be deferred until January 1, 2021. [read post]
26 Mar 2020, 7:55 pm
The names of issuers and securities purchased or eligible will not be made public. [read post]
26 Mar 2020, 8:37 am
Under the new TALF, the Federal Reserve will lend to a special purpose vehicle (“SPV”). [read post]
25 Mar 2020, 2:01 pm
Table 1. [read post]
25 Mar 2020, 10:07 am
This can result in the following situations:1. [read post]
25 Mar 2020, 9:49 am
Senate Democrats secured congressional and inspector general oversight of a $500 billion fund designed to lend money to corporations struggling as a result of the COVID-19 crisis. [read post]
