Create A Short Term Loan Lenders Your Parents Would Be Proud Of
This funding announcement follows the Biden-Harris Administration’s September announcement concerning the steps it is taking to address concentration in the meat-processing trade. It provides a new commitment of $100 million for assured loans on prime of the previously introduced $500 million investment to broaden meat and poultry processing capacity. The program is a part of the Biden-Harris Administration’s efforts to address food system challenges relationship again decades and further exacerbated by the COVID-19 pandemic.
FCUs are required to establish underwriting standards of their written lending insurance policies for short-term small loans. This is particularly true if the business has a pre-existing relationship with the bank, similar to by way of a checking account or enterpr...
