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A loan made with the understanding that if the borrower meets certain requirements, repayment of the loan will not be required.

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16y ago

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What is a forgivable loan?

A forgivable loan is a monetary incentive used in the securities business to lure a financial advisor from one firm to another. For example, a securities company gives you a loan of $100,000 - forgivable in four years in equal amount of $25,000 - if you move your book of business to them. You are taxed on the imputed interest each year on the forgiven $25,000. At the end of four years your loan is completely forgiven by the firm.


What is the prefix for forgivable?

The base word of forgivable is forgive.


Are there a big number of fha loan requirements?

There are not a whole lot of requirements for fha loan requirements. They do require a pretty good credit score and on time payment history. You can find specific requirements for the loan you need.


How can get housing loan in HDMF if they have a calamity loan in HDMF?

what is the requirements for housing loan in HDMF if they have calamity loan in HDMF


What are the minimum requirements for a Greenwoods loan?

The most efficient way to figure out the minimum requirements for a Greenwood loan is to consult a fianial advisor.


What are the requirements of an unsecured loan with bad credit?

There really are not too many requirements for someone that has bad credit and is looking to get an unsecured loan. One of the requirements is to not have recently filed for bankruptcy.


What are the eligibility requirements for state loan forgiveness programs?

Eligibility requirements for state loan forgiveness programs typically include working in a designated high-need area or profession, holding a qualifying loan, and meeting specific service requirements.


Where can I find eligibility requirements for a SBA 504 loan?

One can find out if they meet the eligibility requirements for a SBA 504 loan by checking out the sba.gov website. The eligibility requirements are clearly listed.


What are the requirements for an SBA loan?

Some requirements for a SBA loan would include: the company would have to provide the bank with a description of the type of business, the purpose of the loan, personal financial statements, business financial statements, &the loan request.


Who is responsible for updating tax and insurance requirements of the lender in the loan process?

loan officer


Is there a federal government grant to assist with home repair?

In Canada there is a government grant that assists in home repair. You have to be below $30,000 annual income to be eligible for a $20,000 one-time forgivable loan.


What is the antonym of irrevocable?

revokable, forgivable