Sentences with phrase «guarantees against the loans»

Those lenders who hold real estate guarantees against the loans are seldom willing to agree new loan terms.

Not exact matches

SBA - backed 7 (a) loans, which are geared to small businesses, come with a government guarantee to lenders of up to 85 percent against default.

It is also important to note that liabilities, such as outstanding bank loans, guarantees, lease agreements and payments to suppliers are usually not insured, leaving the personal assets of business owners pledged against these liabilities, and potentially leaving family members in financial distress.

If your bank has exhausted all avenues for recovering the debt but still has not recovered the full amount of the loan, they can make a claim to the Small Business Administration against the guarantee the administration put on the loan.

This gave banks a guarantee against a portion of debt should the entrepreneur default on their loan.

It also means setting up allowances for valuation against potential losses resulting from claims currently before the court, environment liabilities, employee future benefits, aboriginal land claims, concessions relating loans and loan guarantees, tax receivables and payables, among others.

With the creation of the G.I. Bill that year, the VA Home Loan Guaranty program was established, which guaranteed lenders against loss on mortgage loans made to veterans.

In addition to these requirements, OnDeck does require borrowers personally guarantee the loan, and OnDeck will file a blanket lien against the business, but there are no specific collateral requirements.

The loan guarantees are a central element in federal charges against Venditto and Mangano.

Two lawyers at the center of events that led to criminal charges against former Nassau County Executive Edward Mangano and former Oyster Bay Supervisor John Venditto testified this past week that they had starkly different reactions when they realized the state constitution barred the town from guaranteeing loans for a private business.

The more than $ 20 million in town - guaranteed loans for Singh are key to prosecutors» case against Venditto and Edward Mangano.

Town - guaranteed loans, which would come to total more than $ 20 million over the years, are at the heart of prosecutors» alleged bribery case against Mangano and Venditto.

An attorney who served as outside counsel to the Town of Oyster Bay testified Thursday that he vehemently urged its officials against what he saw as a «sham» and «bogus» proposal to guarantee a loan for restaurateur Harendra Singh.

Loans to Singh indirectly guaranteed by Oyster Bay and totaling more than $ 20 million over the years are at the center of prosecutors» case against Mangano and Venditto.

The loan guarantees are a central element in federal charges against former Republican County Executive Edward Mangano and former GOP town supervisor John Venditto.

Last month, Oyster Bay faced off against prosecutors and attorneys for all three defendants over a statement a former deputy town attorney gave officials during a town inquiry into loan guarantees involving a former town vendor, Harendra Singh.

According to earlier testimony, an April 2010 email from Sinnreich to the town said that a municipality guaranteeing a private loan would go against the New York State Constitution.

Here he seeks to rebut Andrew Lilico's recent argument against the national loan guarantee scheme.

Washington — The percentage of students defaulting on their federally guaranteed college loans decreased slightly in fiscal 1988, according to new figures, but federal officials were hesitant to claim progress in the costly battle against defaults.

Blanket Mortgages — this is an arrangement where the loan is taken against many properties to guarantee secure financing.

But people who are against the laws say that yanking a borrower's license or certificate will essentially guarantee they won't be able to pay off their loans because they won't have the ability to earn a paycheck without their credentials.

Such loans carry guarantees for lenders against default by the federal government, along with lower interest rates than for conventional mortgages and low (or no) down payment requirements.

That is, a loan that has collateral behind it as a means to protect against default, such as a home equity loan, versus an unsecured loan that offers lenders little by way of guarantee.

In general, whole life policies have two parts — a guaranteed cash value (that you need to cash in the policy to get, or alternatively, get a loan against) or «dividends», which is an amount that has built up over the years that you are able to withdraw without surrendering the policy.

Because of the guaranteed nature and simple repayment process for loans against tax refunds, many of our lenders don't even pull a traditional credit report and won't deny you service just for having negative remarks or a low credit score.

The loan is guaranteed by the Department of Veterans Affairs to protect the lender against loss in the event of default.

A loan against more properties means more equity, which guarantees more money to serve your needs.

The cash in your policy continues to earn interest that is guaranteed plus any potential dividends, even though you took out a loan against your life insurance cash value.

The federal government guarantees FFELP loans against borrower default and ensures that the lenders receive a market rate of return on the loans despite the lower interest rates paid by borrowers of education loans.

Because the loan is small, and is secured against a guaranteed pay check, there is little reason to seek information on credit history.

It may not be a great decision in terms of risk, it might be changed, but for now the FHA is putting its money where its FHA guidelines are: a lender who properly makes an FHA loan is fully guaranteed against loss if the mortgage is foreclosed.

While Fundation does not have any specific collateral requirements, the lender will file a UCC - 1 against your business, and you will be required to personally guarantee the loan.

Although FHA doesn't directly lend money for mortgage loans, it guarantees its approved lenders against losses stemming from defaults on mortgages approved under FHA guidelines; its lending programs assist first time, credit challenged, and moderate income buyers.

FHA does not make home loans, but guarantees its approved mortgage lenders against losses arising from failing FHA loans.

When you request a home equity loan you are offering the property as security for the loan and missed payments will eventually lead the lender to take legal action against the property guaranteeing the loan.

The first reason why VA mortgage rates are low is because VA home loans are guaranteed against loss by the Department of Veterans Affairs.

If you have bad credit and do not have the funds to guarantee a standard secured loan, you can take a credit builder loan secured against itself.

And when a life insurance loan is taken out against the policy's cash value, the cash account still is credited with the guaranteed rate and dividend.

Trust it as much as you trust Congress, and remember they are also promising to pay Social Security and Medicare, AND guarantee against home mortgage loan defaults, underfunded pension defaults, money market failures, and soon, everyone's health care needs.

If an individual wish to purchase a car, then he could get secured car loan by placing his resource as a guarantee against the amount borrowed.

This is a government agency that guarantees home loans against default.

Lenders are more willing to offer loans at reasonable interest rates because the poor credit home loan is guaranteed against default.

With GAP (Guaranteed Auto Protection), you are protected against a loss in the event of an accident or theft where your auto insurance doesn't cover your full outstanding loan balance.

In most cases, the lender is guaranteed repayment of your homeowner loan by placing a lien against your home; your lender knows that you do not wish to lose your home and that you will, thus, make your homeowner loan payments.

If your bank has exhausted all avenues for recovering the debt but still has not recovered the full amount of the loan, they can make a claim to the Small Business Administration against the guarantee the administration put on the loan.

It involves when the lender will provide a guarantee against a short term loan which must be repaid back to the borrower.

Keep in mind that the 3 - 4 % return is guaranteed against loss, has tax benefits, loan provisions, estate benefits, and income protection.

Since the early 1990s, college financial offices have been able to choose between a direct government loan and private lending by banks with a government guarantee against default.

While FHA refers to the process of insuring against loss as «insuring», VA refers to the process as «guaranteeing» the loan.

If the loan is secured against your home or car, you may end up losing them if you can't pay out the loan you've guaranteed.