Sentences with phrase «as a loan if»

Solo 401 (k) s let you access that money as a loan if your business needs liquidity.

Recipients also must remain in New York for as many years as they received the benefit and repay the money as a loan if they take a job elsewhere.

Students must remain in New York for as many years as they received the benefit and repay the money as a loan if they take a job elsewhere.

You don't have to get any approval or qualify to get the money as a loan if the money is in the policy.

Not exact matches

Secondly, if your small businesses or nonprofit is located in a declared disaster area and you have lost money as a result of a disaster — even if you did not sustain physical damage — you could be eligible for an Economic Injury Disaster Loan.

If you currently are taking advantage of such programs (for example, by teaching in low - income areas or working in nonprofits or fields such as nursing or law enforcement), consolidating your loans could affect the terms of that forgiveness.

Remember though, if you default on a secured loan then the assets or asset class you used as a security could be seized by the creditor in a Court procedure that could also put your company out of business, so there is some element of risk to consider with asset - based financing.

If your business is growing quickly, consider external financing such as a loan or line of credit.

If you have any valuable assets (i.e. inventory, equipment, vehicles, electronics, property, contracts, pending invoice payments, etc.) you may be able to sell some of these at market value to generate quick cash, or use them as collateral in obtaining a secured loan.

If you're a less - established entrepreneur, factoring can be especially useful as a stopgap to receive relatively quick financing that may work as a bridge to more traditional bank loans in the future.

(A one point credit score difference — such as a 719 instead of a 720 — could cost you as much as $ 4,500 extra if it means you don't qualify for a conventional loan and must get an FHA loan instead.)

If these business owners would have taken initiative much earlier, when the need wasn't as desperate, they may have had better loan options with lower interest - rates.

«Today, customers feel thankful for getting a loan, as if the lender had done them a favor.

All any self - declared «debt collector» has to do is to give the financing platform — which promises debt collectors a commission as high as 40 % of the whole loan if the recovery proves successful — their own photo and ID card number, and go through a weeklong wait for verification.

The trouble comes if Cirrix buys too many of LendingClub's loans, which is possible with Lending Club as a partial investor.

If you miss payments, you will need to work with your bank to adjust your payment schedule so you can maintain both daily operations and loan obligations as much as possible.

When applying for a loan, treat it as if you're applying for a job.

On the other hand, if your loan is viewed as a stretch, the bank has you where it wants you and will probably tally up as much as you can stomach.

«If it's properly planned,» says Palank, «we should be able to close the deal in about the same time as it takes to close a bank loan.»

A final thought: If the goal of your franchise business plan is to secure financing, include a specific chapter that doubles as a loan request or as an investment offering proposal.

«If a lender knows that it can sell a loan as soon as the loan is made, do you think that loan will be underwritten with the same diligence as a non-SBA guaranteed loan held on that lender's books?»

«If there are any negative effects of low rates on net interest income in the future, they should be largely offset by the positive effects of monetary stimulus on the other main components of profitability, such as the quality of loans and therefore on loan - loss provisions,» Draghi added.

But if you have a private loan, those loans may be fixed or have a variable rate tied to the Libor, prime or T - bill rates — which means that as the Fed raises rates, borrowers will likely pay more in interest, although how much more will vary by the benchmark.

«If you have a $ 200,000 mortgage on a house worth $ 250,000, and you have $ 200,000 in student loans, the bank may not see you as a good candidate for a loan,» Hoeksema says.

If the request exceeds that figure, a loan officer or bank committee makes the decision, employing the credit score as one of several factors.

If a cash crisis requires you to forgo a paycheck or to plow in additional funds, keep detailed records that show you extended the company a loan, payable with interest as soon as cash flow revives.

If you don't have as much money as you want to contribute by the deadline then you may want to consider an RRSP loan.

(For example, if Mosaic makes a loan offer to a developer at 7 %, it'll offer that as investment on the platform at 6 %, keeping the 1 % difference.)

If juggling several loans is leading to confusion and missed payments, then student - loan consolidation is a good idea, as it will eliminate that confusion.

In California, for example, the disclosure must identify the dollar amount of the payments being sold, the present value of those payments based on a federally established interest rate, the amount being paid to the seller, and the interest rate calculated as if the transfer were a loan and not a sale of the payment rights.

Further, if you are unable to find work, or land a job that does not pay as well as you expect, you may find yourself unable to pay back your loans.

If the difference is closer to 3 %, then the variable - rate loan may be a better choice (depending on the borrower's unique circumstances and taking into consideration the factors discussed above such as term length and loan amount).

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amounIf at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amounif applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

The House Committee on Banking, Finance, and Urban Affairs defined this risk as «the difference between the rate that the guaranteed loans carry and the rate that Chrysler would be required to pay if the loans were obtained without the federal guarantees.»

If you want to lower your monthly payment amount but are concerned about the impact of loan consolidation, you might want to consider deferment or forbearance as options for short - term payment relief, or consider switching to an income - driven repayment plan.

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amounIf at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amounif applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

As another means of considering all avenues, ask yourself if bankruptcy is something you're willing to consider, and understand that it doesn't eliminate issues with your defaulted loan.

If your business is in difficulty and is unable to make the loan payments, whatever personal assets you have posted as collateral (house, car, investment accounts, etc.) can be seized by the bank.

The Company does not accrue as a receivable interest on loans for accounting purposes if there is reason to doubt the ability to collect such interest.

First - year undergraduate students may borrow up to $ 5,500, with no more than $ 3,500 in subsidized loans if they are claimed as a dependent by their parents.

You can only qualify for student loan discharge if you file a separate action known as an adversary proceeding.

As long as you itemize your deductions (as opposed to claiming the standard deduction), you can deduct the mortgage interest you paid if your home loan amount is equal to $ 1 million or lesAs long as you itemize your deductions (as opposed to claiming the standard deduction), you can deduct the mortgage interest you paid if your home loan amount is equal to $ 1 million or lesas you itemize your deductions (as opposed to claiming the standard deduction), you can deduct the mortgage interest you paid if your home loan amount is equal to $ 1 million or lesas opposed to claiming the standard deduction), you can deduct the mortgage interest you paid if your home loan amount is equal to $ 1 million or less.

If you consolidate your credit card debt by taking out an installment loan, such as a personal loan, and pay off your credit cards, your credit score may improve after a few months.

If you're a small business owner, you may have looked into a small business loan as a source of financing.

For example, if you're planning to use the loan proceeds to buy another business you'll need to provide a copy of the purchase agreement, the target company's financial statements, tax returns, and other details about them (your loan officer will inform you as to the specific documents you may need to add to your loan application).

We do not accrue as a receivable interest on loans for accounting purposes if we have reason to doubt our ability to collect such interest.

Borrowers who select a Pay As You Earn repayment program are eligible if they have Direct Stafford Loans, subsidized or unsubsidized, Direct PLUS loans to students, or consolidation loans that do not include PLUS loans made to parLoans, subsidized or unsubsidized, Direct PLUS loans to students, or consolidation loans that do not include PLUS loans made to parloans to students, or consolidation loans that do not include PLUS loans made to parloans that do not include PLUS loans made to parloans made to parents.

If you already have a hefty student loan balance or other debts, such as credit cards or a car payment, your ratio of income - to - debt might exceed lender limits.

If a home loan is more expensive than that limit, it is considered riskier for the lender as more money is at stake.

This isn't to say the loan approval process isn't just as intense as if you were working with a bank — it usually is.