There are a lot of people, apparently, who don’t understand that when a business owner takes a loan, they are personally on the hook for that loan. And if there is a forgiveness feature, as is the case with the Payroll Protection Program, that forgiveness feature has to be applied for and approved. And if forgiveness is applied for and not approved, or if no forgiveness is applied for, then the individual who owns ...
The post Explaining how bank loans work appeared first on The Reformed Broker. Via https://thereformedbroker.com/2020/05/28/explaining-how-bank-loans-work/
0 Comments
Leave a Reply. |
AuthorHi I am Evelina Bryant , I am 32 years old from Big Bear Lake, CA. I am woring as a financial analyst with local financial services company. ArchivesNo Archives Categories |