Disaster Fund

Brokers step up in big cash-back home loan debate

As the refinancing market heats up, lenders are naturally trying to gain an edge. In recent months, this has seen the increase in cash back home loan offerings, where customers can get an upfront fee for choosing a lender. Brokers have long complained about such transactions: Many see them as …

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Improve cash management when you change banks

Most businesses are motivated to seek a new banking relationship only when they need a new or different loan structure to support their changing or growing business. At this point, the company’s treasury and finance officials may be particularly focused on securing financing, but it is also the right time …

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Banks opt out of PPP loan forgiveness

At least three Big banks have opted out of a new process to get Paycheck Protection Program loans canceled directly by the Small Business Administration, The Intercept has learned, leaving their small business clients no other recourse. if the banks refuse to cancel loans or drag out the process. Bank …

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PPP Direct Borrower Forgiveness Portal Exceeds Expectations

Accepts over 340,000 submissions in less than two weeks August 20, 2021 Since the Paycheck Protection Program (PPP) Direct Borrower Forgiveness Portal opened on August 4, the US Small Business Administration has received more than 340,000 submissions from borrowers with PPP loans of $ 150,000 or less, highlighting the Administrator …

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POSTAL REALTY TRUST, INC. : conclusion of a material definitive agreement, operating results and financial position, creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a registrant, financial statements and exhibits (Form 8- K)

Article 1.01. The conclusion of an important definitive agreement. On August 9, 2021, Postal Realty Trust, Inc. (the “Company”), as guarantor, Postal Realty LP (the “Operating Company”), as borrower, and certain indirect subsidiaries of the Company have entered into a credit agreement (the “Credit Agreement”) with Bank of Montreal, as …

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