In fact, it is generally agreed that approvals are far more likely online, thereby creating the sense that online applications are followed
by guaranteed loan approval, despite bad credit.
By guaranteeing a loan, the DOT promises to pay a guaranteed lender in the event that the borrower defaults on its scheduled payments of the guaranteed loan.
By guaranteeing the loan, Jane can now be held liable for the outstanding balance of the debt if her ex-partner has defaulted on the loan repayments.
By guaranteeing the loan, you are much more likely to get a home loan with a low down payment.
The U.S. Small Business Administration (SBA) is a federal agency committed to helping small businesses succeed and grow
by guaranteeing loans to small businesses made through lending partners.
By guaranteeing the loan, FHA assures the lender that the federal government will repay the lender if you do not pay the mortgage.
By guaranteeing loans for private mortgage lenders, the FHA opens up home ownership to millions more Americans.
Not exact matches
The 81 - year - old government - run financial institution, known as the Ex-Im Bank, provides much - needed to support to exporters through
guaranteed loans and credit insurance, and
by its own reckoning, it has returned $ 7 billion to the U.S. Treasury over the last 20 years.
The banks extend small business
loans on the
guarantees provided
by the SBA on behalf of the
loan seekers.
The process of granting
loans to businesses is regulated
by the Federal Trade Commission (FTC) to ensure fairness and
guarantee nondiscrimination and disclosure of all aspects of the process.
The now infamous Solyndra, which crashed and burned years ago, had a
loan guaranteed by the U.S. Energy Department.
Near the end of last year, Fulcrum BioEnergy closed on a $ 105 million
loan guarantee through Bank of America backed
by the U.S. Agriculture Department.
The 7 (a) portfolio of
loans is currently worth $ 100 billion, and in 2013 the SBA helped
guarantee loans worth about $ 30 billion, in part,
by convincing more small banks to make them.
This 20 percent rule was started
by the Small Business Administration, which requires a personal
guarantee from all owners with at least 20 percent ownership applying for an SBA - backed
loan.
These are the SBA's flagship 7 (a)
loan program, which gives 5,000 banks participating in the program access to
loan guarantees by the federal government.
Despite more than paying for itself —
by its own reckoning, Ex-Im Bank has returned $ 7 billion to the U.S. Treasury in the last two decades through interest on
guaranteed loans and credit insurance — the 80 - year - old government - run financial institution is a sunset agency.
«Since up to 80 percent of a business
loan can be
guaranteed by the government under the SBA program, some banks may be more lenient.
All companies approved for a
loan through Bond Street are
guaranteed to receive their capital within less than one week, as opposed to the weeks or months they'd typically have to wait
by going to a traditional bank.
The banks that originally backed the $ 465 million
loan to AEP, personally
guaranteed by McClendon, include Goldman Sachs, Jefferies & Co, Morgan Stanley and Credit Suisse, according to Thomson Reuters data.
Fred Upton, a Republican congressman from Michigan and chairman of the Energy and Commerce Committee, put his finger on the larger issue facing governments worldwide at a recent hearing: «Was Solyndra just one bad bet
by an administration rushing to claim credit for the first
loan guarantee, or is it the tip of the iceberg?»
Therefore, banks will continue to make
loans that are
guaranteed by the SBA and the underwriting standards for these
loans should not be radically altered
by the credit crisis.
Small Business Administration
loans offer even longer terms and lower costs than traditional term
loans, as they come partially
guaranteed by the U.S. government.
Despite the fact that the
loan guarantees were approved
by Congress mainly to protect jobs at Chrysler, the company has sent home nearly half of its employees, cutting its white collar work force
by 20,000 and laying off 42,600 of its hourly workers since the
loan guarantees were signed into law.
To ensure borrowers are not adversely impacted
by this transition and to facilitate
loan repayment while reducing taxpayer costs, the Department of Education is encouraging borrowers with split loans to consolidate their guaranteed FFEL loans into the Direct Loan prog
loan repayment while reducing taxpayer costs, the Department of Education is encouraging borrowers with split
loans to consolidate their
guaranteed FFEL
loans into the Direct
Loan prog
Loan program.
ESOP Debt
Guarantee represents all transactions related to a company's Employee Stock Ownership Plan (ESOP), such as shares / debt /
loans owned
by ESOP.
Loans backed
by the Small Business Administration are
guaranteed by the SBA and are therefore very attractive, but they're also hard to get.
Rather, they apply a general lien to business assets during the
loan term and require a personal
guarantee (a common practice also used
by many banks).
Because most SBA
loans are secured
by collateral and a personal
guarantee, the bank will have the right to seize the business and personal assets you pledged.
FHA
loans are
guaranteed by the government, so that the lender is paid back with federal funds if the borrower defaults.
These
loans are extended
by SBA - approved lenders and partially
guaranteed by the SBA (usually 75 % to 85 % of the
loan amount).
Federal student
loans are issued and
guaranteed by the Department of Education.
The whole idea of banks originating
loans and selling them to outsiders was a
guaranteed failure from the very beginning because... let's contrast that with how one makes money
by speculating on property.
The CAPLines program allows you to borrow money working capital needs and other purposes, with up to 85 % of the
loan guaranteed by the SBA.
A personal
guarantee doesn't necessarily
guarantee 100 % of a
loan, especially if a
loan is backed
by specific collateral.
With lower down payments and longer terms, a Small Business Administration (SBA)
loan —
guaranteed in part
by the U.S. government — can help your small business get off the ground.
Most SBA
loans are not made directly
by the administration; rather, the SBA
guarantees a percentage of a
loan made
by a financial institution.
On a related note, higher
guarantee fees charges
by Fannie Mae and Freddie Mac have increased the fixed cost of originating
loans and this has also increased the spread between primary and secondary mortgage rates.
SBA
loans are
guaranteed up to 85 %
by the U.S. Small Business Administration, which allows lenders to offer more competitive rates for small businesses.
«U.S. multinational corporations can defer paying tax on profits they earn abroad indefinitely
by agreeing not to use the earnings for certain purposes, like paying dividends to shareholders, financing domestic acquisitions,
guaranteeing loans, or making investments in physical capital in the U.S..
Because SBA
loans are partly
guaranteed by the U.S. Small Business Administration, there are stricter eligibility requirements and slightly slower funding times.
Seattle's Blue Ridge neighborhood was developed
by William and Bertha Boeing through a federal
loan guarantee that required homes be sold and occupied only
by white people.
Through the FFEL Program, private lenders were able to make
loans guaranteed by the federal government.
Colorado - based Range Fuels received an $ 80 million
loan guarantee from the USDA to help fund its refinery, which began production
by making methanol instead of ethanol last year.
But the
loan by Cleveland Metroparks of its chief marketing officer, Sanaa Julien, to the Group Plan Commission is only a short - term solution, and the square's planners have yet to devise a permanent plan to
guarantee the area doesn't return to its neglected past.
The Fannie Mae rule change mentioned above primarily applies to conventional home
loans that are not insured or
guaranteed by the federal government.
(Definition: a «conventional» mortgage
loan is one that is not
guaranteed or insured
by the federal government.
This act gave the VA authority to increase the maximum guaranty amount «for certain
loans guaranteed by the Secretary of Veterans Affairs.»
Conventional home
loans (which are not insured or
guaranteed by the government) typically have higher credit score requirements.
The most obvious distortions to eliminate are the outsize
guarantees on home
loans provided
by government - backed mortgage agencies.
Income limits to qualify for a home
loan guarantee vary
by location and depend on household size.