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SBA loans are backed by the Small Business Administration and administered through SBA-approved lenders. These loans are known to offer high funding amounts of up to $5.5 million, depending on the ...
If the cons of a business debt consolidation loan outweigh the pros — or you can’t qualify for this type of business loan — you can look into alternative debt relief strategies. Business ...
Debt forgiveness is typically used for non-credit-card debt, like student loans, mortgages, medical debt or even taxes. Pros of debt forgiveness programs All or part of your loan could be wiped out.
Now that many federal programs designed to help people effected by the pandemic have run their course, it can feel like a bleak time if you're struggling financially. However, even before the CARES...
In addition, many lenders don’t offer debt relief programs at all. Help is more readily available for unsecured debts, for which there is no collateral. Unsecured debts include personal loans ...
President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
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