Monthly Archives: August 2020

Is Instant Auto Loan Approval Possible With Bad Credit?

Instant auto loan approval is not impossible to obtain as a borrower with bad credit, but it is usually easier to obtain when you are in a good credit position. If you’re struggling with credit and wondering how to get instant approval, also known as pre-approval, you need to know where to start your journey […]

Trade chief promises concessional lending terms for tourism sector

THE tourism sector in difficulty will be able to benefit from concessional loan conditions under the Small Business Corp. (SBCorp). This was assured by the Secretary of Commerce and Industry, Ramon Lopez, when asked about the funding of P 10 billion that the government financial institution will receive under the recently ratified Bayanihan 2 bill. […]

Small Business Bank Loan Approval Rates Improve, New Data From Biz2Credit

There was an encouraging rebound in small business loan approval rates for banks and non-bank lenders in July. This is according to the recently released Biz2Credit Small Business Lending Index. Approval rates show a 0.3% increase in approval percentage for small business loan applications at large banks. This increase in the approval rate does not […]

(Finals?) PPP loan approval statistics until 8/8/2020 | Bryan Cave Leighton Paisner

Barring further legislative action, the paycheck protection program new loan approval window ended on August 8, 2020. Since the initial launch on April 3 following the CARES Act, 5,212,128 small businesses have borrowed $ 525 billion. dollars under the Paycheck Protection Program. On August 11, the SBA released a Paycheque Protection Program Report with additional […]

PPP: Can the reimbursable salary costs exceed the loan amount? | Bryan Cave Leighton Paisner

Yes, by completing a Paycheck Protection Program loan forgiveness request, we believe that a borrower can appropriately report actual labor costs during the applicable covered period in excess of the original PPP loan amount. While the actual discount is ultimately limited to the PPP loan amount, the calculations provided in the loan forgiveness request allow […]

Kodak Stock collapses as government loan approval is suspended

Text size Daniel Acker / Bloomberg Investors in the former photography giant Eastman Kodak endured unreal extremes in the stock markets in recent weeks. Now a government tweet sent out on Friday night means the wild trade will continue. The American International Development Finance Corporation, or DFC, tweeted that a loan owed to Kodak (ticker: […]

Start the loan application process

Now that you have determined that you are eligible (if you are unsure, please check your VA loan eligibility), you can start the loan application process. There are six important steps to this process: finding a VA approved lender, pre-qualifying for a loan, selecting your home, writing the purchase agreement, having the property appraised by […]

Your loan application could be rejected even with a good credit rating

Credit scores represent the borrower’s credit history as recorded in their credit reports. Due to the pandemic, large numbers of people have faced a huge financial crisis, especially during the lockdown. However, even after the lockdown was lifted, things were far from being back to normal, financially. During this period, there are still people who […]