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A private loan lender is a lender that is acting on behalf of a privately owned organization or business, as opposed to a government regulated or non profit lender.
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Where can I find a Private lender for business loan?
HERE IS A REGISTERED LOAN LENDER.......CYNAMONLOANS, YOU CAN REACH THEM ON CYNAMONANGEL1@YAHOO.COM.
What is a private hard money lender?
A Private hard money lender is what is considered to be a loan shark. This should be your very last resort in obtaining a loan. It is a very risky entitity to get involved with a loan shark.
If a second mortgage is forgiven by the private lender are there tax or income implications?
Yes. And it does not matter that the lender is a private lender. If a debt is forgiven the borrower has in effect received money or something of value without having to pay the money back. Proceeds of a loan are not consider income unless the loan is not paid back. It is like the lender paid you an income or gave you a gift. A loan from a private lender that was secured by a second mortgage and later forgiven can be a sign of mortgage fraud. The 'technique' is sometimes used to obtain a loan from a conventional lender (the 1st mortgage loan) where the 1st loan could not be obtained if the lender's underwriter was told the 2nd was going to be forgiven. Documentation in the public record of a possible fraud. Maybe not that likely to be noticed but no less illegal.
How Does The SBA 7(a) Loan Work?
A bank or private lender will provide the financing to your SBA 7(a) loan and the SBA will provide an 85% guarantee to the bank or private lender on loans of $ 150,000 or less; or a 75% guarantee on loans from $150,001 to $5 million.
In a 1997 bankruptcy was your private student loan discharged if it was not a federal loan but a private loan from a lender?
Depends on how long the loan had been in repayment, whether or not it was insured by a non-profit. Please note that most federal loans are issued by private banks and INSURED by the government.
Where can I find a Private lender for business loan?
HERE IS A REGISTERED LOAN LENDER.......CYNAMONLOANS, YOU CAN REACH THEM ON CYNAMONANGEL1@YAHOO.COM.
What is a private hard money lender?
A Private hard money lender is what is considered to be a loan shark. This should be your very last resort in obtaining a loan. It is a very risky entitity to get involved with a loan shark.
If a second mortgage is forgiven by the private lender are there tax or income implications?
Yes. And it does not matter that the lender is a private lender. If a debt is forgiven the borrower has in effect received money or something of value without having to pay the money back. Proceeds of a loan are not consider income unless the loan is not paid back. It is like the lender paid you an income or gave you a gift. A loan from a private lender that was secured by a second mortgage and later forgiven can be a sign of mortgage fraud. The 'technique' is sometimes used to obtain a loan from a conventional lender (the 1st mortgage loan) where the 1st loan could not be obtained if the lender's underwriter was told the 2nd was going to be forgiven. Documentation in the public record of a possible fraud. Maybe not that likely to be noticed but no less illegal.
How Does The SBA 7(a) Loan Work?
A bank or private lender will provide the financing to your SBA 7(a) loan and the SBA will provide an 85% guarantee to the bank or private lender on loans of $ 150,000 or less; or a 75% guarantee on loans from $150,001 to $5 million.
In a 1997 bankruptcy was your private student loan discharged if it was not a federal loan but a private loan from a lender?
Depends on how long the loan had been in repayment, whether or not it was insured by a non-profit. Please note that most federal loans are issued by private banks and INSURED by the government.
How can one learn more about a lender's credit source?
One can learn more about a lender's credit source from websites such as Buzzle, Private Mortgage Lending and Private Money Lenders UK. One can also learn about it from Private Loan Lender website and Yahoo website.
If you default on a private student loan through a private lender not associated with your school or financial aid office are you still eligible for a federal student loan through your school?
Yes you are.
Can a student with a credit score of about 560 get a studen loan for grad school?
If you are trying to get a federal loan, you will not have a problem. If the loan is private, you may have trouble finding a lender.
Your private lender refuses to let you pay off your loan?
It will depend on the original terms of the loan. But you need a lawyer to advise you regarding your options.
What is the name of a construction loan lender in Toronto?
The name of one construction loan lender in Toronto, Canada operates under the name of Private Mortgage Lending. This company caters to borrowers, mortgage brokers, and investors.
What's the going rate on a private equity loan?
The going rate on a private equity loan depends on the lender. Usually this rate is related to the prime interest rate with an additional percentage markup.
What are the qualifications for a private student loan?
A private student loan is like any other private loan. Each private lender will determine what qualifications they require the student to meet before they will lend out their money. Some lenders will want some form of collateral and others will base their decision solely on the student's ability to repay the loan.
