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  2. Paycheck Protection Program - Wikipedia

    en.wikipedia.org/wiki/Paycheck_Protection_Program

    President Joe Biden visiting the W. S. Jenks & Son hardware store in Washington, D.C., which received a PPP loan (). In order to be eligible for the Paycheck Protection Program, an applicant must be a small business, sole proprietor, independent contractor, self-employed person, 501(c)(3) nonprofit organization, [a] [b] [c] [14] 501(c)(19) veterans organization, [15] [16] or a tribal business.

  3. No income, no asset - Wikipedia

    en.wikipedia.org/wiki/No_Income,_No_Asset

    It was described as a no income, no job, [and] no assets loan because the only thing an applicant had to show was his/her credit rating, which was presumed to reflect willingness and ability to pay. The term was popularized by Charles R. Morris in his 2008 book The Two Trillion Dollar Meltdown , though the acronym had been publicly used by some ...

  4. What is a non-QM loan? The lowdown on non-qualifying ... - AOL

    www.aol.com/finance/non-qm-loan-lowdown-non...

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  5. No doc loan - Wikipedia

    en.wikipedia.org/wiki/No_doc_loan

    Private money is the main source of no doc loans, often with interest rates charged at 2% to 6% per month (24% to 72% p.a.). Non-conforming lenders focus on the lower risk no doc loans and offer more competitive interest rates.

  6. What Is a Non-Recourse Loan? - AOL

    www.aol.com/non-recourse-loan-150142154.html

    A non-recourse loan is a type of debt that’s secured by collateral, such as an individual’s car, house or another typically illiquid asset. Consult with a local financial advisor today. How ...

  7. Payday loan - Wikipedia

    en.wikipedia.org/wiki/Payday_loan

    This is an accepted version of this page This is the latest accepted revision, reviewed on 24 December 2024. Short-term unsecured loan A shop window in Falls Church, Virginia, advertising payday loans. A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest ...

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