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27 Mar 2020, 5:03 pm
Local government may receive an amount as determined by the population of the city or county relative to other cities and counties in the State. [read post]
27 Mar 2020, 2:49 pm
To modify (or “cram down” in bankruptcy lingo) a mortgage, the proceeds of the loan must have been used primarily in the business, and not primarily to buy the house. [read post]
27 Mar 2020, 1:59 pm
By the numbers: $500 billion in loans for the Treasury Department to distribute to struggling sectors of the economy, including towns, cities, and airlines. $5,000 per worker (as a maximum) as a payroll tax credit for businesses that keeps idle workers on their payrolls during the pandemic. [read post]
27 Mar 2020, 1:43 pm
By the numbers: $500 billion in loans for the Treasury Department to distribute to struggling sectors of the economy, including towns, cities, and airlines. $5,000 per worker (as a maximum) as a payroll tax credit for businesses that keeps idle workers on their payrolls during the pandemic. [read post]
27 Mar 2020, 1:26 pm
Each bank will set the interest rate for the new guaranteed loans according to the solvency and risk of each company. [read post]
27 Mar 2020, 12:28 pm
This will impact small businesses in higher cost of living localities like the Bay Area and New York City. [read post]
27 Mar 2020, 8:17 am
In the wake of the freeze, many banks and financial institutions have indicated that they were creating programs and making options available to help struggling homeowners avoid falling behind on their mortgage loans. [read post]
27 Mar 2020, 3:00 am
Firms taking loans must not engage in stock buybacks for the duration of the loan plus one year and must retain at least 90 percent of its employment level as of March 24, 2020. [read post]
26 Mar 2020, 9:13 am
The 880-page bill would send checks to over 150 million American households, set up extensive loan programs for businesses and boost spending for unemployment insurance programs and hospitals. [read post]
26 Mar 2020, 9:11 am
(Subscription required) — Houston Chronicle State disaster declaration green-lights small-business loans — Economic Injury Disaster Loans, known as EIDL, offer up to $2 million per business at an interest rate of 3.75 percent for businesses which are unable to secure credit elsewhere. [read post]
26 Mar 2020, 8:50 am
Homeowners can also use this time to apply for a loan modification. [read post]
26 Mar 2020, 8:45 am
Larger businesses expecting to lose 30 percent of revenue can take out loans backed by the government up to 70 percent. [read post]
25 Mar 2020, 2:01 pm
States and local governments, as well as businesses, may apply for these loans. [read post]
25 Mar 2020, 5:43 am
Developers also take on a construction loan... meaning the bank can come for everything you’ve got if you default.... [read post]
24 Mar 2020, 2:45 pm
. $23.78 billion) in new loans issued by lenders to small and medium-sized businesses. [read post]
24 Mar 2020, 2:23 pm
In addition to these policies, broader fiscal support measures include NOK 100 billion (US $10 billion) in loan guarantees for businesses, and a reduction in employer costs for temporary layoffs. [read post]
24 Mar 2020, 1:51 pm
The aid packages provide relief to businesses through subsidized loans and central bank lending, and temporary relief from insolvency laws, immediate expensing (instant asset write-off), and accelerated depreciation. [read post]
24 Mar 2020, 8:53 am
Previously announced SBA Disaster Loan program: Loans up to $2 million with a 3.75% fixed rate for 30 years Loans may be used to pay fixed debts, cover payroll, address accounts payable and other bills incurred during the crisis More information on the SBA’s Disaster Assistance Program here Apply directly with the SBA here City of Atlanta Loan Program InvestAtlanta Business Continuity Loan Fund (“BCLF”) is currently offering… [read post]
24 Mar 2020, 6:00 am
Contact Our Kansas City Student Loan Attorneys The Kansas City student loan attorneys at Sader Law Firm can help you determine if you qualify for higher education debt forgiveness. [read post]
24 Mar 2020, 4:00 am
Cities and states throughout the country, such as San Francisco, Los Angeles, and New York State, have announced their own eviction and foreclosure moratoriums. [read post]
