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Considerations When Closing a Small Business with PPP or EIDL Debt

Jimerson Firm

This blog points out certain considerations that small business owners and their advisors should be cognizant of when shuttering businesses with open PPP loans, including reputational impact and risk to federally held assets. Small Loan Default. Additionally, large percentages of these loans are forgivable.

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Understanding FFL: Types, Application, and Licensing Process

Payment Savvy

This license is your golden ticket, allowing you to manufacture, import, or sell firearms and ammunition. Whether your ambition is to open a small local gun shop, start a major manufacturing operation, or anything in between, obtaining an FFL is the crucial first step needed.

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Finding Business Opportunities From COVID-19

Fico Collections

Similarly, in the manufacturing industry there is now stronger demand for digital connectedness. If you sell loans or education or car parts, you need to focus on that and not security, cloud, software and all the other specialty and administrative areas. To be clear, this is not only about efficiency in lending.

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Top 5 Customer Development Posts of 2020: COVID and Beyond   

Fico Collections

FICO Loan Origination Solution Awarded Best-In-Class. Competitive RLOS solutions not only process loans in a compliant manner but also provide a frictionless application process, facilitate meaningful cross-sell opportunities, and provide lenders with insightful analytics to fine-tune their businesses.”. “In by FICO.

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JUST IN TIME: NEW BANKRUPTCY RELIEF FOR SMALL BUSINESSES – NEW YORK LAW JOURNAL

Collection Industry News

million in light of the unprecedented financial distress being experienced by small businesses all across the county, including especially by small retailers and manufacturers, restaurants and services providers. million to $7.5 The increased debt limit, which became effective February 20, 2020, includes a one-year sunset.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On May 27, the Consumer Financial Protection Bureau (CFPB) published a report that provides new insights into manufactured housing financing.