Sentences with phrase «uses of the loan because»

DeFrancisco said he was concerned the Cuomo administration had «fudged» some of the intended uses of the loan because they had nothing to do with environmental projects and said it was all an attempt to put off a toll increase announcement.

Be careful not to abuse the use of this loan because defaulting on your home equity loan could trigger the lenders ability to repossess the property.

Not exact matches

Lenders may accept an unusual level of risk because of the social good resulting from the use of the loan.

That's because of two practices in growing use at regional and national banks: credit scoring and automatic loan decisions, or what banks call «autodecisioning.»

Anyone with a minimum of $ 50,000 in a rollable retirement account (such as an IRA, 401 (k) or 403 (b)-RRB- can obtain business financing using this method in a matter of weeks, regardless of their credit score, and because ROBS is not a loan, there are no monthly payments to make.

The lending standards on equipment financing can be less strict because your equipment will be used as collateral for the loan — in other words, if you default, the bank has the right to seize your equipment to cover the cost of their lost money.

Because of the longer terms, these loans can be used for serious investments in your business, such as long - term equipment purchases, large inventory purchases or business expansion.

Many 7 (a) loans are used to purchase assets like real estate and equipment because the terms are favorable and allow you to repay the loan in terms compatible with the life of the asset being purchased.

What's more, because the loan is not based upon the loan - to - value ratio of any specific collateral, the lender is using other data points to evaluate a business owner's creditworthiness.

This form of lending is concerning for three main reasons: Like storefront payday lending, auto - title lending carries a triple digit APR, has a short payback schedule, and relies on few underwriting standards; the loans are often for larger amounts than traditional storefront payday loans; and auto - title lending is inherently problematic because borrowers are using the titles to their automobiles as collateral, risking repossession in the case of default.

Here's the loophole: If you take out a new home equity loan or line of credit and use the money for home improvements, you're converting a home equity debt into an acquisition debt because the proceeds are used to «substantially improve» a qualified residence.

Because of this, many borrowers will use a bridge loan to renovate a property that wouldn't qualify for a traditional mortgage before selling it or getting long - term financing.

The PBoC created the TSF measure in 2011, largely because Chinese bankers had been de-emphasizing renminbi - denominated bank loans, the main measure regulators had previously used to monitor credit expansion, in favor of other forms of credit that were not so carefully monitored.

Consolidating federal student loans does not provide a reduction in the interest rate applied to the new, larger loan because the weighted average interest rate of all consolidated loans is used to determine the final rate.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

These two approaches are drastically different and, because of how DTI is calculated in each scenario, it becomes a lot easier to get approved to live in a rental property when you're using a conventional mortgage via Fannie Mae as compared to a VA loan via an approved VA lender.

Because many lenders and loan establishments use FICO, they are considered the gold standard of credit scores.

Also, again, because the loan is unsecured, the rate may be higher than, say, a home equity loan.However, if you can get approved, the rate will probably be below that of a credit card, so it would still be better to use the loan versus leaving the balances on the cards.

Because of the way the USDA defines «rural», there are plenty of exurban and suburban neighborhoods nationwide in which USDA loans can be used.

We recommend Upstart because the lender offers personal loans of up to $ 50,000, lets applicants use the funds to start or expand a business — some lenders do not allow funds to be used in this way — and requires of a FICO credit score of only 620 to qualify.

The clergymen have been spearheading a campaign in the House of Lords to have payday loans banned before 9 pm, because children are using «pester power» to pressure their parents to take out the high interest credit in order to buy them things.

Because of the area's long and harsh winters, many organic farmers use greenhouses to extend their growing seasons, and GreenStar has loaned some of them the money to build them or to make other improvements.

What I heard this morning really P's me off, apparently Arsenal have in excess of # 220 million sitting in the bank, of course not even half of this will be released to whatever manager have next season, because Kroenke uses it as collateral for loans to purchase other teams and build new stadiums in the USA, not forgetting of course his $ 150 million ranch.

Mind you, Southampton lost 8 key players plus a manager in the transfer window, they now sit fourth, 3 pts ahead of us.We can no longer use injuries as an excuse because we have always had them, and if wenger was a smart manager, he would have addressed this problem by having better squad depth, but instead he chose to send a defender out on loan despite being short in numbers at the back, foolishly chose not to sign a defender despite an array of good defenders on show at the world cup.So now who is to blame?I guess it's anyone or anything but Wenger.

If you asked me, if Wenger wants him to get a run of games then he should be loaned out to some team in the EPL for a season and not used to cloud our performances just because he should be given chances when other players suffer and our game suffers.

Nice article... I used to be one of those staunch Wenger fans through the years... I used to believe he is superior than Sir Alex, because with almost nothing to spend and playing with kids, he managed to keep us up there every year... I was really caught up with that half season wonder we used to show... In the summer 2013, him or the board (I don't recall) came out and said we are much stable financially and now we can fight with the biggest bullies, I got my hopes high, I thought we are definitely signing a top striker and DM, that what we need... What happened, only hours before the window closed we managed to sign a top AMF (remember we have our best player for the season 2012 - 2013 was AMF, Cazorla if you remember), I was really depressed seen Giroud leading the line every match... then comes winter window, and we were right there top of the table... My friend send me a poster of an elephant on a tree, and on the bottom of it «no one knows how it got there but everybody knows how it will get down»... I told my friend that we are only one decent striker far from the gold... and what happened, we signed an old injured DM on loan... That for me was a completely arrogance and stubbornness cost us the league title... There I completely lost the plot with Wenger... I wish yesterday I was with those who raised that banner... I would write in my banner «Enough talks and philosophy, we need results»

It was much kinder to him last season though, and the Frenchman must be very glad that he was recalled from the loan spell at Charlton before they could use him in the competition, because he went on to play in all five of Arsenal's cup games including a brilliant performance from the start in the final against Aston Villa.

The federal Environmental Protection Agency ultimately rejected most of the loan request because it was going to be used for basic construction rather than cleaning water or helping the environment.

Other issues, such as getting a campus e-mail account or using interlibrary loan services, seem simple but often must be dealt with by postdoc offices simply because of gaps in policies or procedures.

The South Carolina Supreme Court held that using public money to guarantee student loans for students attending private schools did not violate South Carolina's Blaine Amendment because the program is religiously neutral and supports higher education, not institutions of higher education.

The Education Corps is designed to provide tutoring and after - school support but not necessarily to train future teachers.92 The VISTA program matches corps members with a nonprofit organization to perform capacity building and provides yearlong stipends, but it is not intended for provision of direct services.93 The Professional Corps, which specifies teaching as one of its qualified positions, allows participants to access Segal AmeriCorps Education Awards — which recipients can use either for loan forgiveness or for paying tuition and other qualifying educational expenses — but increases residency program costs because residents are prohibited from receiving stipends through AmeriCorps and must therefore be paid through their program or the school district.94 None of these programs were designed for supported entry specifically; thus, programs dedicated to providing a gradual on - ramp to the teaching profession can sometimes find it hard to meet their definitions and requirements.

If I loaned my car to my mom or a friend for some reason and they forgot to use diesel because they used gas all their life, i would have a heart attack receiving that call that my car is on the side of the road ON FIRE!

In fact, some lenders like new car loans because the Manufacturer will give buyers rebates which can be used as a down payment and depending on the car, even Down Payment Assistance towards the purchase of a New Car.

The purchased books are stored in the cloud and are accessible to all devices and applications linked to your account.You can also keep local copies of the books and you never have to worry about space issues.You can also lend a book to a friend.You can also read e-books loaned from the public libraries.The users have to download the e-book to their computers and then transfer it using third party software unlike kindles.You can download books using wifi only because nook does not offer 3G.

Because of the way the USDA defines «rural», there are plenty of exurban and suburban neighborhoods nationwide in which USDA loans can be used.

Most people seek preapprovals before they know which cars they would like to purchase because you can take a preapproval for a car loan to a seller as proof of your ability to obtain financing and even use it as a bargaining chip when negotiating your purchase.

You can not really use these equations directly to calculate your note rate and APR, because your loan amount (i.e. your principal or amount financed) falls during the course of your loan as you pay it down, and as you pay off your loan balance your interest charges fall in accordance with amortization (again, you can learn how car loan interest charges work here).

Borrowers who fail to cease using their high interest cards after consolidation run the risk of falling even deeper in debt - because they now have both a loan consolidation payment and a credit card balance to pay on each month.

This is because APR is used most often to calculate the cost of longer - term loans.

and it would be in the best interests of everyone if the media would stop reporting that the loan must be delinquesnt... FHA is probably correct in it's numbers because FHA knows the correct information and so does the section of the public that goes onto it's website and uses lenders who know what they are doing... if someone wants help, contact me at the above e-mail address and I will direct them to a Phoenix, AZ lender who DOES know what they are doing... thank you...

Because of this, many borrowers will use a bridge loan to renovate a property that wouldn't qualify for a traditional mortgage before selling it or getting long - term financing.

and it would be in the best interests of everyone if the media would stop reporting that the loan must be delinquent... FHA is probably correct in it's numbers because FHA knows the correct information and so does the section of the public that goes onto it's website and uses lenders who know what they are doing... if someone wants help, contact me at the above e-mail address and I will direct them to a Phoenix, AZ lender who DOES know what they are doing... thank you...»

Because there are so many variables to consider in the auto loan process, we use an online application to gain a complete understanding of each of our customers — that's you!

This may be required because we use your income to qualify you for the loan so we won't need copies of your tax documents and as a way to protect you in case your refund is late or kept by the IRS for some reason.

We need to know information about the car a person wants to use because of how car title loans work.

You can get payday loans on line regardless of your credit history, because the lenders use a different set of criteria due to the short term of the loan.

When a bank gives you a credit card or a loan, they do so because they trust you to pay them back, and one of the most common ways people build that trust is by using credit cards and paying their credit card bills on time.

Prohibits guarantee agencies from discriminating by charging additional costs or denying benefits to schools and lenders because of their failure to participate in the guarantee agency's programs or to deliver a specified volume of loans or loan applications or to put a lender that uses the guarantee agency on the school's preferred lender list.

A credit card is a form of collateral free loan but cards have become a source of problems because of the ease with which consumers used to be able to obtain them with a credit limit already approved.

If you are looking to consolidate credit card debts that have happened because of your use of them in the past, these loans can be the right choice as they come with a lower interest rate as compared to the credit cards.