Lending

New IRS restrictions on PPP loans

Small businesses that received PPP loans and used those funds to meet otherwise deductible eligible expenses can not deduct the expenses when they reasonably expect Obtaining waiver of the PPP loan even if they have not yet received or applied for waiver. The CARES law The CARES Act (Public Law …

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Creditworthiness and down payments reach all time highs

With higher home prices and tighter credit requirements, borrowers on average made higher down payments on their mortgage loans in the third quarter than ever before, so Bloomberg. Citing a report from ATTOM Data Solutions, Bloomberg reports that the average down payment for single-family homes in the third quarter was …

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Signature Loans – A popular type of unsecured loan

What is a signature loan? A signature loan, also known as a “good faith loan” or “Character loan“Is a type of personal loan offered by banks and other financial companies that only requires the borrower’s signature and a promise to pay safety. A signature loan can usually be used for …

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ID 20008 363b83fe dc0c 11ea b205 ff838e15a9a6 story. URL: http://144.217.242.125/feed-generator/actions.php?action=use&id=20008&url=https%3A%2F%2Fwww.washingtonpost.com%2Flocal%2Flegal-issues%2Fdc-man-charged-with- Theft-25-million-from-Catholic-churches-and-pandemic-supplies-bought-yacht-townhouse-prosecutors-say% 2F2020% 2F08% 2F11% 2F363b83fe-dc0c-11ea-b205-ff838e15a9a6_story.html Source link

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Where the $ 1.9 trillion in the Covid-19 aid law goes

WASHINGTON – President Biden’s $ 1.9 trillion economic output stimulus The plan would have far-reaching implications for society as the country tries to deal with a pandemic killed more than half a million people in the United States. The mammoth bill approved by the Senate Saturday would make direct payments …

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