Accrued Interest Collateral Lender Loans 
Jimerson Firm
NOVEMBER 5, 2020
If a borrower is experiencing difficulties making payments on their SBA loan, they may seek relief with the lender or CDC by requesting a loan modification or deferment. What is a Loan Modification? What is a Loan Modification? Re-amortization of loan payments. SOP 50 57 2 ; SOP 50 55.
Jimerson Firm
FEBRUARY 11, 2022
On July 15, 2021, the SBA issued its procedural notice regarding lender requests to the SBA for guaranty recovery of PPP loans. The PPP loan program has offered billions of dollars in assistance to small businesses across the country. However, many PPP borrowers have since begun defaulting on their loans.
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Credit Corp
OCTOBER 25, 2023
Types of credit card consolidation include credit card consolidation loans, balance transfer credit cards, home equity loans, HELOCs, retirement loans, cash-out auto refinance, family loans, and debt management plans. Once the debt is consolidated into one loan or credit card, you can begin paying off this account.
Credit Corp
SEPTEMBER 16, 2020
Credit Builder Loans. Credit builder loans aren’t widely publicized, but they are a great way to build credit without a credit card. Smaller institutions like credit unions are generally more likely to offer credit builder loans specifically to help borrowers build credit. Passbook or CD Loans. Peer-to-Peer Loans.
BN Lawyers
MARCH 23, 2020
Most creditors (lenders, suppliers, employees) will be aware of the distress facing the entire service industry. A lender may be willing to forbear payments in exchange for extending repayment out over an additional six-months to avoid forcing your business into bankruptcy. High Priority: Critical Vendors, Secured Lenders, and Lessors.
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