Sentences with phrase «initial loan was funded»

Not exact matches

Following an initial (very) small grant from an NGO, the bank's operations are funded by a) interest from microcredit loans (up to 3.5 % monthly but also as low as 1 % depending on size of and purpose of loan) b) fees from the corresponding bank (i.e. Banco Palmas acts as local agent for regional bank to widen access to banking services), and c) commission for changing Palmas to Reais16.

In a leveraged buyout, the acquired company is made to borrow the money for its own acquisition and pay those funds to the acquirer, which uses those funds to pay off the bridge loan originally taken out to fund the initial deal.

This phrase explains mechanics of leveraged buyout deals: «In a leveraged buyout, the acquired company is made to borrow the money for its own acquisition and pay those funds to the acquirer, which uses those funds to pay off the bridge loan originally taken out to fund the initial deal.»

This initial phase, which is funded with the TIFIA Loan, includes (i) the construction of two reversible lanes with associated exit / entrance ramps between Valley View Lanes and Turbeville Road; (ii) the construction of managed lanes from south of IH35E — IH635 interchange to Valley View Lane; (iii) reconfiguration and rehabilitation of general purpose lanes from IH635 to Corinth Parkway; (iv) the construction of direct connectors to Sam Rayburn Tollway; (v) the reconfiguration and / or widening of general purpose lanes and the construction of an additional general purpose lane in each direction from Sam Rayburn Tollway to US380; (vi) the construction, reconstruction, widening or rehabilitation of various frontage roads, interchanges, and bridges; (vii) the construction of a collector - distributor system between President George Bush Turnpike and Sam Rayburn Tollway; (viii) the construction of a new bridge and re-purposing of the existing bridge over Lake Lewisville; and (ix) associated mitigation projects.

Eligible applicants may receive up to $ 50,000 in loan repayment for an initial service commitment until funding is exhausted.

While in some cases, the loan amount can be used to cover the entire treatment procedure, it can also be used to fund the initial payment for more expensive treatments.

The loan is then underwritten to make sure that the documentation supports your claims in the initial questionnaire; the package will either be approved for funding, or there will be a request for additional documentation.

Loan processing is very fast, and the entire process from initial application to loan approval and fund disbursement rarely takes over two business dLoan processing is very fast, and the entire process from initial application to loan approval and fund disbursement rarely takes over two business dloan approval and fund disbursement rarely takes over two business days.

Due to the fact that borrowers experienced a much higher default rate on taxes and insurance when 100 % of the funds were taken at the initial draw, HUD changed the method by which the funds would be available to borrowers which no longer allows all borrowers access to 100 % of the Principal Limit at the close of the loan.

At the end of the two weeks, you'll have the option to accept or decline a partially funded loan from Cross River Bank if less than 60 % of your initial request is funded.

For a home equity loan, an initial chunk is given but you must wait for another contract to release additional funds.

You could obtain an initial loan to fund the construction, and then get a long - term mortgage to pay off the remainder of the project once the home is built.

Initial escrow related funding costs may apply; c) an early closure fee of 1 % of the original loan amount, maximum $ 500, will apply if the loan is paid off and closed within the first three years; d) customers can choose to remove the early closure fee by paying an origination fee of 1 % of the loan amount, maximum $ 500.

Furthermore, these funds can be supplemented by using the IMF's $ 100 billion in excess gold reserves to guarantee the initial loans, thereby eliminating the risk to developed country governments.

It is used by business people to cover outstanding loans, to fund buy - sell agreements in the event that a partner or shareholder dies in the initial years of a new business, or for key employee life insurance.

First Digitalized Loan Agreement on Blockchain That is Legally Binding Using Future Loan Access Token (FLAT) blockhive will raise fund using a new structure it developed jointly with Agrello, called Initial Loan Procurement («ILP»).

Initial talk for the loan, which is syndicated and fully funded, was a price of Libor plus 750 basis points, or 7.5 percentage points; now a rate of Libor plus 675 basis points is being discussed, according to the person, who asked not to be identified because the discussions are private.

Initial funding for the transaction will be provided by Kimco's $ 500 million revolving credit facility, or other interim loan facilities, to allow for an orderly segregation of the properties.

Montegra also delivers quick closings, between three to four weeks from initial request to closing — and is able to fund loans even if they have been rejected by institutional lenders — because debt service coverage is not up to bank standards or other issues have disqualified the application.

Because we are a direct hard money lender, we typically can approve loans in 24 hours and fund loans within 7 days from initial contact.

From understanding the initial mortgage process to funding a loan, she is always by her client's side.

The initial institutional or bank lender is unwilling to advance additional funds to complete the construction, but Montegra will consider funding a new first - mortgage construction loan of $ 600,000 to pay off the original mortgage and provide the necessary additional funds to finish the property.

No, this loan is funded by Veristone and can be closed, if necessary, in a matter of days from the initial loan request.

You can expect a response within one business day of when this loan is funded by Veristone, and can be closed, if necessary, in a matter of days from the initial loan request.