Sentences with phrase «guarantees loans made»

The VA Home Loan Guaranty is a mortgage finance program which guarantees loans made to military borrowers against loss.

VA: Department of Veterans Affairs: a federal agency which guarantees loans made to veterans; similar to mortgage insurance, a loan guarantee protects lenders against loss that may result from a borrower default.

The VA does not lend money but guarantees loans made by private lenders.

Under the Guaranteed Loan program, the Rural Housing Service guarantees loans made by private sector lenders.

The U.S. Department of Veterans Affairs does not make loans, it guarantees loans made by lenders.

FHA does not make mortgages, but instead guarantees loans made by FHA lenders.

The federal government helps students finance higher education through two major loan programs — one that guarantees loans made by private lenders and one that makes loans directly to borrowers.

Under the Guaranteed Loan program, the Rural Housing Service guarantees loans made by private sector lenders.

To start, the lack of collateral guaranteeing the loan makes it difficult for the lender to offer you his best interest rates.

They offer to guarantee loans made to first - time home buyers with FICO scores as low as 500 with a 10 percent down payment, or 580 with a 3.5 percent down payment

Proceeds may be used to guarantee a loan made by the lead lender to a farmer or rancher.

VA will not guarantee loans made for the following purposes:

By charging borrowers a mortgage - insurance premium, they're able to guarantee loans made by private lenders who participate in the program.

HUD warns Congress against meddling with FHA Secretary of Housing Steve Preston warned Congress Tuesday against requiring the Federal Housing Administration to guarantee loans made with seller - funded down - payment assistance, and called a proposed moratorium on risk - based pricing for FHA insurance premiums «a big mistake.»

FFELs are guaranteed loans made by private lenders.

The appellant guaranteed a loan made by the respondent bank to Vertamin Inc..

Not exact matches

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.

The SBA doesn't actually make the loans, but it guarantees them, and its terms are usually fairly generous.

In fiscal year 2005 the SBA made or guaranteed $ 19 billion worth of loans to small businesses, the most in its history.

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.

«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?»

In order of preference, find a venture capitalist, an angel investor, a friend or family member who has enough assets to put some at risk, or a banker who will make a loan to the business without a personal guarantee from you.

The New York State Department of Financial Services (DFS) made the requests to Deutsche Bank, Signature Bank and New York Community Bank for information on loans and other financial arrangements including lines of credit and loan guarantees a week ago, the person said.

Under the provisions of the Loan Guarantee Act, Chrysler is supposed to compensate the federal government for the risk that the government has taken in making the guarantees.

You should be aware that a strong business credit profile is not a guarantee you'll find success with a small business loan — but it likely will make it possible to have more options.

Although the loan guarantee program is only one of many things the SBA does to help small businesses, because they recognize that access to capital is a big challenge for many of the businesses they serve, they've made some recent changes that portend a positive impact for small businesses.

You will also need to personally guarantee your loan, which makes you responsible for satisfying the debt if your business is unable to.

Upon loan approval, application is made to the SBA for the guarantee.

That makes them different from a secured loan, such as a car loan or a home equity line of credit, in which your property guarantees repayment.

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.

Many lenders today don't require specific forms or types of collateral, but will rather apply a general lien on business assets and a personal guarantee to secure the loan — making it possible for many businesses without specific types of collateral to qualify.

This means that you won't have to make a personal guarantee when you take out the loan.

With Credibly, there are no credit score, collateral or personal guarantee requirements, making the lender a good choice for an unsecured loan, and you can borrow up to $ 250,000 — the most of any lender in this category.

This guarantee makes SBA loans low - risk for banks, and ideal for business owners since they boast low interest rates and affordable repayments.

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.

Lenders view loans made to startups as risky, so they typically require some form of collateral and personal guarantee to mitigate that risk.

Most SBA loans are not made directly by the administration; rather, the SBA guarantees a percentage of a loan made by a financial institution.

«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..

We expect that the New Credit Facility will contain a number of covenants that, among other things, restrict SSE Holdings» ability to, subject to specified exceptions, incur additional debt; incur additional liens and contingent liabilities; sell or dispose of assets; merge with or acquire other companies; liquidate or dissolve itself, engage in businesses that are not in a related line of business; make loans, advances or guarantees; pay dividends or make other distributions (with certain exceptions, including tax distributions and repurchases of management equity); engage in transactions with affiliates; and make investments.

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.

The federal government guarantees that a portion of the loan will be repaid to the lender even if you're unable to make monthly payments for whatever reason.

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.

The quick answer to all of those questions is no, it's common for banks to request personal guarantee before making business loans.

Personal Guarantees are generally not considered as security, but directors may guarantee a certain level of payment if the company can not make payment on the loan.

In some cases, particularly when your loans are already in default, settling them might be an option, but it's not a guaranteed or consistently beneficial option, making it one that should be entered into with great care.

The Small Business Administration (SBA) guarantees commercial loans made to small businesses at below - market rates by banks and other lenders.

The Public Accounts / Budget include provisions with respect to certain liabilities, such as environmental liabilities, potential losses resulting from court cases, potential losses on loans and loan guarantees, etc. even though no cash payments have been made.

While every lender is different and there's no guarantee you'll be approved, making your application as flawless as possible is a good start to finding a loan that works for you.

Bear in mind, though, that any payments made directly to your creditors can not be retrieved under the 30 - day guarantee, meaning you're responsible for returning that money if you decide to refund the loan.