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Getting Your Financial Institution in Shape for Loan Workouts Amid the Coronavirus Pandemic

Abrigo

So, what can a financial institution do with loans that have been impacted by the fallout from the coronavirus? What options do lenders have to work with borrowers, without causing additional regulatory scrutiny? Understanding what terms are market-available or not will be paramount to developing an effective loan workout strategy.

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Understanding Different Types Of Small Business Loans

Lendio

The best place to start is by identifying what your specific use will be for the loan. Pros: Flexibility – You can withdraw funds up to your limit at any time, only paying interest on what you’ve borrowed. You’d end up driving home with a new can of paint, but it’s unlikely you’d get the one needed for your specific job.

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Parent PLUS Loans Demystified: How to Fund Your Child’s Education

Due

This guide walks you through everything involved. Here’s what you need to get a Parent Plus Loan. However, before signing up for this commitment, it’s imperative to understand the intricate details of Parent PLUS Loans. If you can’t get a PLUS loan, you may qualify for additional unsubsidized loans. Here’s how it works.

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25 Ways You’re Killing Your Savings: STOP Making These Mistakes

Due

When a few dollars separate you from foreclosure or bankruptcy, every dollar counts. For example, what if they don’t pay you back and you lose your job or have a medical expenses? Like it or not, financial pitfalls are a part of life. Financial mistakes can happen even with the best of intentions. You are drowning in bills.

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25 Ways You’re Killing Your Savings: STOP Making These Mistakes

Due

When a few dollars separate you from foreclosure or bankruptcy, every dollar counts. For example, what if they don’t pay you back and you lose your job or have a medical expenses? Like it or not, financial pitfalls are a part of life. Financial mistakes can happen even with the best of intentions. You are drowning in bills.

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The 8 Most Damaging Things You Can Do to Your Credit as a Small Business Owner

Fundera

So consider this list of eight damaging things you can do to your credit score as a reminder of what not to do. What Your Credit Score Is, and Why It Matters: A Quick Rundown. What Determines Your Credit Score? We’ll also tell you a little bit about what these factors entail, so you can stay on top of your credit activities.

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The Complete Guide to Government Business Startup Loans

Fundera

Here are all the government business startup loan options that are out there, plus the details on what you’ll need to qualify for one. Q: What do you know about your industry? Just like all other SBA loans , SBA startup loans also aren’t easy to get. The application process is a lengthy one, and qualification standards are stringent.