Loan terms – Sendika12 http://sendika12.org/ Fri, 01 Jul 2022 16:45:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://sendika12.org/wp-content/uploads/2021/10/profile-120x120.png Loan terms – Sendika12 http://sendika12.org/ 32 32 INOVIQ (ASX:IIQ) Obtains SubB2M US Patent for Diagnostics Applications – The Market Herald https://sendika12.org/inoviq-asxiiq-obtains-subb2m-us-patent-for-diagnostics-applications-the-market-herald/ Wed, 29 Jun 2022 03:40:04 +0000 https://sendika12.org/inoviq-asxiiq-obtains-subb2m-us-patent-for-diagnostics-applications-the-market-herald/ Subscribe Be the first with news that moves the market INOVIQ (IIQ) Receives U.S. Patent Covering its SubB2M Technology and Providing U.S. Intellectual Property Protection for Diagnostic Applications The patent is titled “Subtilase cytotoxin B subunit mutant” and was issued to Griffith University and the University of Adelaide SubB2M technology is based on a modified […]]]>

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  • INOVIQ (IIQ) Receives U.S. Patent Covering its SubB2M Technology and Providing U.S. Intellectual Property Protection for Diagnostic Applications
  • The patent is titled “Subtilase cytotoxin B subunit mutant” and was issued to Griffith University and the University of Adelaide
  • SubB2M technology is based on a modified protein that specifically detects the pan-cancer biomarker Neu5Gc found in several human cancers
  • CEO Dr. Leearne Hinch says the grant is a significant achievement for the company, as the United States is the first market where SubB2M tests are commercialized as lab-developed tests.
  • INOVIQ shares are up 14.1%, trading at 44.5 cents as of 10:45 a.m. AEST

INOVIQ (IIQ) has been granted a US patent that covers its SubB2M technology and provides intellectual property protection in the United States for diagnostic applications.

The SubB2M technology is based on a modified protein that specifically detects the pan-cancer biomarker Neu5Gc which is found in multiple human cancers including breast, ovarian and prostate.

The patent is titled “Subtilase cytotoxin B subunit mutant” and was issued to Griffith University and the University of Adelaide.

It expires on July 9, 2038 and claims modified SubB proteins capable of binding N-glycolylneuraminic acid (Neu5Gc) and its variants and fragments, such as SubB2M.

The US grant follows the company that receives an Australian grant for the same protection.

CEO Dr. Leearne Hinch said the award is a significant achievement for the company, as the United States is the first market where SubB2M tests are commercialized as lab-developed tests.

“INOVIQ has made solid progress on the SubB2M program and we are pleased to report that the performance of the SubB2M-CA15.3 assay for the detection of breast cancer has been successfully replicated by ResearchDx,” she said. .

“The assay is currently undergoing optimization and validation before moving into clinical trials for breast cancer surveillance. This is an exciting step forward for the SubB2M
diagnostic program.

Inoviq shares were up 14.1%, trading at 44.5 cents at 10:45 a.m. AEST.

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Ex-Newcastle owner says new quotes breach loan terms https://sendika12.org/ex-newcastle-owner-says-new-quotes-breach-loan-terms-2/ Fri, 24 Jun 2022 15:47:00 +0000 https://sendika12.org/ex-newcastle-owner-says-new-quotes-breach-loan-terms-2/ By Joel Poultney (June 24, 2022, 4:47pm BST) – Former Newcastle United owner Mike Ashley has claimed financier Amanda Staveley further breached the terms of a £10m loan (12 .3 million dollars) that the businessman had granted to help finance Saudi Arabia. -directed the takeover of the football club by publicly criticizing it again. St […]]]>
By Joel Poultney (June 24, 2022, 4:47pm BST) – Former Newcastle United owner Mike Ashley has claimed financier Amanda Staveley further breached the terms of a £10m loan (12 .3 million dollars) that the businessman had granted to help finance Saudi Arabia. -directed the takeover of the football club by publicly criticizing it again.

St James Holdings Ltd., owned by Ashley, added more details to the claim that Staveley and his representatives breached the terms of a loan, which said financiers would not publicly criticize his tenure as a owner of Newcastle in a newly amended High Court on June 15. claim.

The Times newspaper reported in January that Ashley wanted to remain a minority shareholder…

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Ex-Newcastle owner says new quotes breach loan terms https://sendika12.org/ex-newcastle-owner-says-new-quotes-breach-loan-terms/ Fri, 24 Jun 2022 15:47:00 +0000 https://sendika12.org/ex-newcastle-owner-says-new-quotes-breach-loan-terms/ By Joel Poultney (June 24, 2022, 4:47pm BST) – Former Newcastle United owner Mike Ashley has claimed financier Amanda Staveley further breached the terms of a £10m loan (12 .3 million dollars) that the businessman had granted to help finance Saudi Arabia. -directed the takeover of the football club by publicly criticizing it again. St […]]]>
By Joel Poultney (June 24, 2022, 4:47pm BST) – Former Newcastle United owner Mike Ashley has claimed financier Amanda Staveley further breached the terms of a £10m loan (12 .3 million dollars) that the businessman had granted to help finance Saudi Arabia. -directed the takeover of the football club by publicly criticizing it again.

St James Holdings Ltd., owned by Ashley, added more details to the claim that Staveley and his representatives breached the terms of a loan, which said financiers would not publicly criticize his tenure as a owner of Newcastle in a newly amended High Court on June 15. claim.

The Times newspaper reported in January that Ashley wanted to remain a minority shareholder…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

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How can I get loan terms without giving sensitivity, https://sendika12.org/how-can-i-get-loan-terms-without-giving-sensitivity/ Tue, 21 Jun 2022 14:22:09 +0000 https://sendika12.org/how-can-i-get-loan-terms-without-giving-sensitivity/ Houston, Texas, June 21, 2022 (GLOBE NEWSWIRE) — Finding the best mortgage can be difficult and securing your loan terms without disclosing your personal information can seem impossible. You are probably wondering: Is there a way for me to know my interest rate and closing costs without needing a difficult investigation on my credit report […]]]>

Houston, Texas, June 21, 2022 (GLOBE NEWSWIRE) — Finding the best mortgage can be difficult and securing your loan terms without disclosing your personal information can seem impossible. You are probably wondering: Is there a way for me to know my interest rate and closing costs without needing a difficult investigation on my credit report or by providing sensitive documents?

When you call a bank or mortgage lender, they often want to immediately remove your credit with a thorough investigation and ask you to provide your personal information and documents before answering your questions about interest rates and/or terms. This means that researching loan terms may involve providing these personal documents and information to multiple companies, increasing the risk of them ending up in the wrong hands, and with identity theft at an all-time high, no one don’t want that.

So the big question you need to ask yourself is this: Is there a way for me to get loan terms without disclosing my personal information?

Securing loan terms: what you need to know
The best answer we can give you for the above question: yes and no!

“Each bank, lender, credit union or mortgage company will have its own set of rules for providing loan terms. The best way to secure lending terms is to be proactive by providing your information up front and leading the charge early on,” says Paul Lamnatos, Founder of Blink Lending & Investments.

It’s important to note that “providing conditions” is not the same as qualifying for a loan, so here is a brief overview of the information you need to provide to your mortgage company.

Type of operation
“The first thing most mortgage companies want to know is what type of loan you want,” says Paul Lamnatos, Founder and Chief Lending Concierge at Blink Lending & Investments.

Is it for a home loan?
Is this a cashless refinance loan? In this transaction, you will refinance your home for the same amount or less than what is currently owed on your principal balance.
Is this a cash refinance loan? In this case, you would refinance and increase your overall loan balance by receiving or withdrawing funds from your home equity.

Occupation
“Interest rates have always been lower for personal homes than for investment homes and you can expect your interest rate to be around 0.50% to 1.00% higher when buying investment houses,” says Paul Lamnatos.

Is it for a house you will live in? It is often easier to obtain a loan for a property that you occupy than for one in which you invest. This brings us to the next question…
Is this an investment property? You may need to provide more information to obtain an investment property loan.

term of the loan
“The term of your loan also impacts your interest rate, as the shorter the term of the loan, the lower the interest rate and vice versa, which means that 15-year loan terms have lower interest rates than 30 years,” says Lamnatos.

Do you prefer a loan term of 10, 15, 20 or 30 years? This will be the term of the loan, and you have this amount of time to pay it back.
Will it be a fixed interest rate or an adjustable (interest) rate (ARM) mortgage? Fixed interest rates offer more security and are historically 0.25% to 0.50% higher than adjustable rate mortgages. So if you don’t plan to live in the house for more than 5 years, an ARM is a great option to consider,” says Lamnatos.

Credit score
“It turns out that none of us are immune to having to share our credit score in order to get accurate loan terms, but that doesn’t mean your credit should be taken out and/or that a thorough credit investigation is necessary,” says Lamnatos.

What is your current credit rating? This helps the mortgage company decide if you will be a safe person to lend money to and the higher your credit score, the better your interest rate.
Where was this score obtained? There are many ways to check credit scores, so it’s important that you get your information from a reliable source.

Equity
Equity is a valuable asset, and it’s the last piece of information mortgage companies will need to provide you with loan terms.

If you buy…
What is the purchase price?
What is the percentage deposit amount?
“Keep in mind that loan terms are always risk-based, and a great way to lower your risk (and loan terms) is to lower your loan amount with a higher down payment. funds, the lower the risk, and the lower the risk, the lower your mortgage interest rates,” says Lamnatos.
If refinancing, with or without Cash-Out…
What is the current loan balance? The current loan balance will be the amount of your loan you have left to pay.
What is the current market value or appraised value of the home? The market or appraised value of your home helps the mortgage company determine the terms of your loan by giving them an idea of ​​the value of your property, allowing them to determine your loan to value.

Once you have gathered all of this information, the next thing you need to do is call your selected mortgage lenders. Be sure to ask to speak to a senior loan officer, as this will increase your chances of working with someone more experienced and knowledgeable. That said, “As my dad always says, just because you’ve been doing something for a long time doesn’t make you good,” says Lamnatos.

What to say on the phone with a senior loan officer
Don’t worry about getting stuck when it comes time to get a loan – this sample script will help you know what to say. Simply choose the best options for you from the information above.

Hello, my name is _______ and I would like to know the interest rates and total the lender fee you offer someone buying a house…
a) To live
b) For a fixed interest rate of 30 years
c) With a credit score of 765 recently obtained from Credit Karma
d) With a purchase price of $450,000 and 10% down payment.
If you’re refinancing, say…
Hello, my name is _______ and I would like to know the interest rates and total the lender fee you offer someone who is refinancing
a) the house they live in
b) For a fixed interest rate of 15 years
c) With a credit score of 710 which was recently obtained from my credit card company ______
d) With a current loan balance of $245,000 and an (estimated) market value of $360,000.

Fill in the letter boxes with your own unique information, and you should have everything you need!

If you have any questions about loans for a new home or investment property, we invite you to think Blink. Every homebuyer has different needs and wants, and as Loan Concierges (our fancy term for Mortgage Agents), we’re both happy and excited about the opportunity to answer your questions and help you. explore your home loan options, whether you work with us or not.

Media Contact
Flashing ready – NMLS 1795324
Paul Lamnatos – NMLS 332922
paul@blinklending.com
clinklending.com
Blink Lending is an equal housing and equal opportunity lender.

]]>
How can I get loan terms without giving sensitive personal information? https://sendika12.org/how-can-i-get-loan-terms-without-giving-sensitive-personal-information/ Tue, 21 Jun 2022 07:00:00 +0000 https://sendika12.org/how-can-i-get-loan-terms-without-giving-sensitive-personal-information/ Blink Lending is a full-service real estate mortgage finance company that partners with clients throughout their real estate investing career. Houston, Texas, June 21, 2022 (GLOBE NEWSWIRE) — Finding the best home loan can be difficult and getting the terms of your loan without disclosing your personal information can seem impossible. You are probably wondering: […]]]>

Blink Lending is a full-service real estate mortgage finance company that partners with clients throughout their real estate investing career.

Houston, Texas, June 21, 2022 (GLOBE NEWSWIRE) — Finding the best home loan can be difficult and getting the terms of your loan without disclosing your personal information can seem impossible. You are probably wondering: Is there a way for me to know my interest rate and closing costs without needing a difficult investigation on my credit report or by providing sensitive documents?

When you call a bank or mortgage lender, they often want to pull your credit immediately with a thorough investigation and ask you to provide your personal information and documents before answering your questions about interest rates and/or terms. This means that researching loan terms may involve providing these personal documents and information to multiple companies, increasing the risk of them ending up in the wrong hands, and with identity theft at an all time highnobody wants that.

So the big question you need to ask yourself is this: Is there a way for me to get loan terms without disclosing my personal information?

Securing loan terms: what you need to know
The best answer we can give you for the above question: yes and no!

“Each bank, lender, credit union or mortgage company will have its own set of rules for providing loan terms. The best way to secure lending terms is to be proactive by providing your information up front and leading the charge early on,” says Paul Lamnatos, Founder of Blink Lending & Investments.

It’s important to note that “providing conditions” is not the same as qualifying for a loan, so here is a brief overview of the information you need to provide to your mortgage company.

Type of operation
“The first thing most mortgage companies want to know is what kind of loan you want,” says Paul Lamnatos, Founder and Chief Lending Concierge at Blink Loans and Investments.

Is it for a home loan?
Is this a cashless refinance loan? In this transaction, you will refinance your home for the same amount or less than what is currently owed on your principal balance.
Is this a cash refinance loan? In this case, you would refinance and increase your overall principal loan balance by receiving or withdrawing funds from your home. equity.

Occupation
“Interest rates have always been lower for personal homes than for investment homes and you can expect your interest rate to be around 0.50% to 1.00% higher when buying investment houses,” says Paul Lamnatos.

Is it for a house you will live in? It is often easier to obtain a loan for a property that you occupy than for one in which you invest. This brings us to the next question…
Is this an investment property? You may need to provide More information to obtain a loan for an investment property.

term of the loan
“The term of your loan also impacts your interest rate, as the shorter the term of the loan, the lower the interest rate and vice versa, which means that 15-year loan terms have lower interest rates than 30 years,” says Lamnatos.

Do you prefer a loan term of 10, 15, 20 or 30 years? This will be the term of the loan, and you have this amount of time to pay it back.
Will it be a fixed interest rate or an adjustable (interest) rate (ARM) mortgage? Fixed interest rates offer more security and are historically 0.25% to 0.50% higher than adjustable rate mortgages. So if you don’t plan to live in the house for more than 5 years, an ARM is a great option to consider,” says Lamnatos.

Credit score
“It turns out that none of us are immune to having to share our credit score in order to get accurate loan terms, but that doesn’t mean your credit should be taken out and/or that a thorough credit investigation is necessary,” says Lamnatos.

What is your current credit rating? This helps the mortgage company decide if you will be a safe person to lend money to and the higher your credit score, the better your interest rate.
Where was this score obtained? There are many ways to check credit scores, so it’s important that you get your information from a reliable source.

Equity
Equity is a valuable asset, and it’s the last piece of information mortgage companies will need to provide you with loan terms.

If you buy…
What is the purchase price?
What is the percentage deposit amount?
“Keep in mind that loan terms are always based on risk, and a great way to lower your risk (and loan terms) is to lower your loan amount with a higher down payment. The higher the down payment, the lower the risk, and the lower the risk, the lower your mortgage interest rates,” says Lamnatos.
If refinancing, with or without Cash-Out…
What is the current loan balance? The current loan balance will be the amount of your loan you have left to pay.
What is the current market value or appraised value of the home? The market or appraised value of your home helps the mortgage company determine the terms of your loan by giving them an idea of ​​the value of your property, allowing them to determine your Loan to value.

Once you have gathered all of this information, the next thing you need to do is call your selected mortgage lenders. Be sure to ask to speak to a senior loan officer, as this will increase your chances of working with someone more experienced and knowledgeable. That said, “As my dad always says, just because you’ve been doing something for a long time doesn’t make you good,” says Lamnatos.

What to say on the phone with a senior loan officer
Don’t worry about getting stuck when it comes time to get a loan – this sample script will help you know what to say. Simply choose the best options for you from the information above.

Hello, my name is _______ and I would like to know the interest rates and total the lender fee you offer someone buying a house…
a) To live
b) For a 30-year fixed interest rate
c) With a credit score of 765 recently obtained from Credit Karma
d) With a purchase price of $450,000 and 10% down payment.
If you’re refinancing, say…
Hello, my name is _______ and I would like to know the interest rates and total the lender fee you offer someone who is refinancing
a) the house they live in
b) For a fixed interest rate of 15 years
c) With a credit score of 710 which was recently obtained from my credit card company ______
d) With a current loan balance of $245,000 and an (estimated) market value of $360,000.

Fill in the letter boxes with your own unique information, and you should have everything you need!

If you have any questions about loans for a new home or investment property, we invite you to think Blink. Every homebuyer has different needs and wants, and as Loan Concierges (our fancy term for Mortgage Agents), we’re both happy and excited about the opportunity to answer your questions and help you. explore your home loan options, whether you work with us or not.

Media Contact
Flashing ready – NMLS 1795324
Paul Lamnatos – NMLS 332922
paul@blinklending.com
clinklending.com
Blink Lending is an equal housing and equal opportunity lender.

]]>
California Nanotechnologies Announces Revised Lending Terms with Omni-Lite https://sendika12.org/california-nanotechnologies-announces-revised-lending-terms-with-omni-lite/ Wed, 25 May 2022 13:57:04 +0000 https://sendika12.org/california-nanotechnologies-announces-revised-lending-terms-with-omni-lite/ Receive instant alerts when news is published about your stocks. Claim your one week free trial for StreetInsider Premium here. Los Angeles, Calif.–(Newsfile Corp. – May 25, 2022) – California Nanotechnologies Corp. (TSXV: CNO) (OTC Pink: CANOF) (“Cal Nano” or the “Company”) is pleased to announce that it has revised the terms of its loan […]]]>

Receive instant alerts when news is published about your stocks. Claim your one week free trial for StreetInsider Premium here.


Los Angeles, Calif.–(Newsfile Corp. – May 25, 2022) – California Nanotechnologies Corp. (TSXV: CNO) (OTC Pink: CANOF) (“Cal Nano” or the “Company”) is pleased to announce that it has revised the terms of its loan with Omni-Lite Industries Canada Inc. ( “Omni Lite”).

Omni-Lite, the founding shareholder of Cal Nano, holds an approximate 19% stake in Cal Nano. Additionally, Omni-Lite has made two loans to CalNano since Cal Nano’s inception, which now total approximately US$1.45 million. The larger of the two loans, approximately US$1.2 million (including accrued interest), has not paid cash interest since it was originally advanced. CalNano also has a senior secured term loan with Manufacturers Bank, which has been reduced in quarterly installments and is expected to be fully repaid in February 2023.

Cal Nano has seen a gradual improvement in its operating results in recent years. More recently, the company announced that it achieved record revenue in the quarter ending February 28, 2022 (Q4/F2022) of approximately $470,000. This quarterly revenue is significantly higher than revenue for any quarter previously reported. During the quarter, the Company delivered most of one order from its thermoelectric customer, as reported in previous press releases. In addition, the Company also continued to successfully meet product demand from other customers in the normal course of business.

Thermoelectricity is a “green” technology that involves generating electricity from waste heat from other processes. Thermoelectricity is a large and well-established industry where a key performance measure is the efficiency of the process that converts waste heat into electricity. Cal Nano’s customer is working on a new thermoelectric generator with improved efficiency. In order to improve the efficiency of the device, the customer engaged Cal Nano, which is perhaps the only commercial third-party spark plasma sintering (“SPS”) service provider in North America, to provide SPS services for parts for its prototype aircraft. .

Cal Nano is in discussions with the thermoelectric customer regarding follow-up production orders. The customer has indicated interest in increasing ongoing production orders beginning in late 2022. Cal Nano is beginning to evaluate the facilities that would be required to meet potential customer demand.

In light of CalNano’s improved performance, Omni-Lite and CalNano have renegotiated and repriced intercompany loan agreements. The interest rate has been reset to 7.5% (from 2.9% under the previous agreement) and the loan maturity is now set for May 30, 2025. In addition, CalNano will begin loan payments. interest in June 2022, with principal repayments commencing with the Manufacturers Bank Term Loan early next year.

Cal Nano is the only North American provider of commercial SPS services. With multiple systems in-house, Cal Nano is able to manufacture parts from advanced materials in multiple sizes and shapes at production scale. The SPS is used to transform powders into solid parts using pulsating direct current and high pressure. Due to its unique heating method, it is superior for sintering nanomaterials and advanced nanomaterials that will go into the next generation of improved products in the aerospace, green energy and defense industries.

For more information, please contact:

Eric Eyerman, CEO
Such. : (562)-991-5211
E: [email protected]
W: www.calnanocorp.com

Notice to readers

Except for statements of historical fact, this press release contains certain “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is often characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other words similar, or statements that certain events or conditions “may” or “will” occur. In particular, the forward-looking information contained in this press release includes, but is not limited to, the expected future performance of the Company. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Accordingly, there can be no assurance that the actual results achieved will be the same, in whole or in part, as those set forth in the forward-looking information. Forward-looking information is based on the opinions and estimates of management as of the date the statements are made, and is subject to a variety of risks and uncertainties and other factors that could cause events or actual results differ materially from those anticipated in the forward-looking information. – search for information. Some of the risks and other factors that could cause actual results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and around the world; industry conditions, government regulations, including environmental regulations; unexpected operating events or performance; failure to obtain consents and approvals from industry partners and other third parties, if any; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be considered exhaustive.

The forward-looking information contained in this press release is expressly qualified by this cautionary statement. We undertake no obligation to update forward-looking information to conform to actual results or to changes in our expectations, except as required by applicable securities laws. Readers are cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/125196

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Barrick Amends, Extends Terms of $3 Billion Revolving Loan and Adds Sustainability Goals; Stocks rise https://sendika12.org/barrick-amends-extends-terms-of-3-billion-revolving-loan-and-adds-sustainability-goals-stocks-rise-2/ Thu, 19 May 2022 14:06:00 +0000 https://sendika12.org/barrick-amends-extends-terms-of-3-billion-revolving-loan-and-adds-sustainability-goals-stocks-rise-2/ By Adriano Marchese Shares of Barrick Gold Corp. rose in early trading Thursday after the company announced it had extended the termination date of its $3 billion revolving loan by one year to May 2027. As of 10:01 a.m. ET, shares were up 3.8% at C$26.40. The Canadian miner said it had completed an amendment […]]]>

By Adriano Marchese

Shares of Barrick Gold Corp. rose in early trading Thursday after the company announced it had extended the termination date of its $3 billion revolving loan by one year to May 2027.

As of 10:01 a.m. ET, shares were up 3.8% at C$26.40.

The Canadian miner said it had completed an amendment and restatement of its $3 billion revolving credit facility, which includes an extension to May 2027.

As part of the changes, the company said it replaced the London Interbank Offered Rate, or LIBOR, with the Guaranteed Overnight Funding Rate, also known as SOFR, as the floating rate mechanism linked to the interest rate for any US dollar funds drawn.

Barrick also said it has built sustainability measures into the loan, which consist of annual environmental and social performance targets.

The targets include Scope 1 and Scope 2 greenhouse gas emissions intensity, which are the emissions created by its operations and the energy it produces.

They also include water use efficiency and total recordable injury frequency rate.

Depending on performance against its set targets, Barrick could experience positive or negative pricing adjustments to its credit spreads and fees, he said.

Write to Adriano Marchese at adriano.marchese@wsj.com

]]>
Barrick Amends, Extends Terms of $3 Billion Revolving Loan and Adds Sustainability Goals; Stocks rise https://sendika12.org/barrick-amends-extends-terms-of-3-billion-revolving-loan-and-adds-sustainability-goals-stocks-rise/ Thu, 19 May 2022 14:06:00 +0000 https://sendika12.org/barrick-amends-extends-terms-of-3-billion-revolving-loan-and-adds-sustainability-goals-stocks-rise/ By Adriano Marchese Shares of Barrick Gold Corp. rose in early trading Thursday after the company announced it had extended the termination date of its $3 billion revolving loan by one year to May 2027. As of 10:01 a.m. ET, shares were up 3.8% at C$26.40. The Canadian miner said it had completed an amendment […]]]>

By Adriano Marchese

Shares of Barrick Gold Corp. rose in early trading Thursday after the company announced it had extended the termination date of its $3 billion revolving loan by one year to May 2027.

As of 10:01 a.m. ET, shares were up 3.8% at C$26.40.

The Canadian miner said it had completed an amendment and restatement of its $3 billion revolving credit facility, which includes an extension to May 2027.

As part of the changes, the company said it replaced the London Interbank Offered Rate, or LIBOR, with the Guaranteed Overnight Funding Rate, also known as SOFR, as the floating rate mechanism linked to the interest rate for any US dollar funds drawn.

Barrick also said it has built sustainability measures into the loan, which consist of annual environmental and social performance targets.

The targets include Scope 1 and Scope 2 greenhouse gas emissions intensity, which are the emissions created by its operations and the energy it produces.

They also include water use efficiency and total recordable injury frequency rate.

Depending on performance against its set targets, Barrick could experience positive or negative pricing adjustments to its credit spreads and fees, he said.

Write to Adriano Marchese at adriano.marchese@wsj.com

]]>
5 EIDL Loan Terms and Requirements You Need to Know https://sendika12.org/5-eidl-loan-terms-and-requirements-you-need-to-know/ Wed, 18 May 2022 16:22:46 +0000 https://sendika12.org/5-eidl-loan-terms-and-requirements-you-need-to-know/ Image source: Getty Images The Economic Disaster Loan or EIDL is designed for businesses with less than 500 employees. Learn more about this loan, including qualifications and how to apply. Although SBA disaster loans have been available for years, the EIDL was signed into law in March 2020 as part of the CARES Act, which […]]]>

Image source: Getty Images

The Economic Disaster Loan or EIDL is designed for businesses with less than 500 employees. Learn more about this loan, including qualifications and how to apply.

Although SBA disaster loans have been available for years, the EIDL was signed into law in March 2020 as part of the CARES Act, which was passed by Congress to provide emergency relief to workers. Americans and small businesses struggling to survive due to the impact of COVID-19 EIDL loans come with a low interest rate and a 30-year repayment term and can provide a lifeline to struggling small businesses[FEMININELesprêtsEIDLsontassortisd’unfaibletauxd’intérêtetd’uneduréederemboursementde30ansetpeuventoffrirunebouéedesauvetageauxpetitesentreprisesendifficulté

Currently, EIDL can cover up to six months of working capital or operating expenses, with a cap of $150,000, provided your business qualifies. With financing still available and a deadline of December 21, 2020 fast approaching, it might be time to learn a little more about the EIDL loan.

What is the difference between the EIDL grant and the loan?

When the EIDL loan was first offered, business owners had the option of applying for a loan advance that the SBA would consider a grant, provided all necessary criteria were met. But the funds that were set aside to cover the advance were quickly depleted, with the SBA halting the advances in July 2020.

Is your business eligible for an EIDL loan?

If you think an EIDL loan may be right for your business, your first step should be to make sure your business qualifies for a loan. The eligibility requirements are quite broad, so there is a good chance that your business will be eligible if it is designated as one of the following:

  • A company
  • An agricultural business
  • An individual who operates as a sole proprietorship or as an independent contractor
  • A small tribal business
  • A private non-profit organization that is a non-governmental agency or entity

1. You must have less than 500 employees

The 500 employee maximum applies to all business types listed above. There are a few exceptions, such as a business with more than 500 employees that is considered small under SBA Size Standards.

2. Certain types of businesses are prohibited

The SBA prohibits you from getting an EIDL loan if your business is engaged in any of the following activities:

  • Any illegal activity as defined by the federal government
  • Any activity of a lustful sexual nature
  • Pressure
  • Deriving more than a third of its gross income from legal gambling activities

Other things that can prevent you from getting an EIDL loan are if a principal owner with a 50% or more stake in your business is more than 60 days behind on child support obligations. In addition, all state, local, and municipal government entities are prohibited from applying for an EIDL loan, as are all members of Congress.

EIDL request.

You can check eligibility on the front page of the EIDL application. Image source: author

5 EIDL loan requirements, terms and conditions you need to know

Before accepting a loan, make sure you know and correctly understand the terms and requirements of the EIDL loan.

1. Loans are for 30 years

All EIDL loans have a term of 30 years, with an interest rate of 3.75%. Loans are automatically suspended in the first year of the loan, with repayment beginning one year from receipt of the initial loan.

2. Loan amounts are capped

Although disaster loan assistance is available up to $2 million, the EIDL for COVID-19 has been capped at $150,000.

3. Collateral is required for loans over $25,000

If you get an EIDL loan over $25,000, you will need to pledge a business collateral to secure the loan. Collateral may include assets such as inventory and equipment as well as intangible assets such as trademarks and copyrights.

It is also important to understand that if you pledge collateral, you place many temporary restrictions on your business, including the stipulation that while your loan is still outstanding, you cannot sell, lease or transfer collateral. that was used as loan security without SBA approval.

4. EIDL loan recipients cannot change their business structure while the loan is outstanding

Your business structure must remain the same for the duration of the loan. For example, if you are looking to change your business structure from a sole proprietorship to an S corporation, you will first need SBA approval.

5. Loans cannot be used for physical improvements to your business

There are strict guidelines on what you can and cannot use EIDL loans for. And because the SBA requires you to keep receipts for all purchases made with EIDL loan money, you must track those purchases properly.

What you can spend EIDL funds on:

What you cannot spend EIDL funds on:

  • Relocation costs
  • Bonuses
  • Shareholder dividends
  • Loan repayment, including federal loans
  • Repairs or additions to facilities
  • Refinancing of long-term debt

Whatever money you spend, remember to keep those receipts!

3 benefits of getting an EIDL loan

For small businesses impacted by COVID-19, an EIDL offers some distinct advantages that you should consider when deciding whether or not to pursue the loan.

1. Easy application

We all expect an overly complicated process when it comes to anything related to government programs. This is why applying for an EIDL loan is such a pleasant surprise. While the SBA says the application can be completed in about two hours, others said it took them about 45 minutes to an hour to complete.

And once you’re done, all you have to do is submit the application and wait for a response, which includes a loan quote. The loan quote represents the amount you can borrow, but you can change the amount when you electronically sign the application.

For example, if you are qualified to borrow up to $50,000, you can change that amount to the amount you wish to borrow, up to $50,000.

Front page of the EIDL application

The EIDL loan application is simplified for easy filling. Image source: author

Once your application is completed, a loan officer will review the application, with an approval or denial usually sent within days of the application. Once approved, the money is usually transferred to your bank account, using the banking information you provided in the application. Funds are usually available within 5-10 business days of approval.

2. Low interest rate

The interest rate on an EIDL loan is 3.75% APR (fixed) with a 2.75% APR available for non-profit organizations.

3. Flexible and long-term repayment options

EIDL has a 30-year repayment plan, and there is no prepayment penalty if you decide to prepay. Also, the loan is deferred immediately, so you have one year before you have to start repaying the loan, although the SBA gives you the option to start paying it back immediately.

3 Disadvantages of Getting an EIDL Loan

An EIDL can help small business owners weather the COVID-19 storm. But before signing on the dotted line, you should be aware of some of the disadvantages of this loan.

1. He is not eligible to be forgiven

Unlike the PPP loan, cancellation of the EIDL loan is not an option. The only part of the loan that could be canceled was the advance, which is no longer available.

2. It’s restrictive

As mentioned earlier, there are many things you cannot spend EIDL funds on, including employee bonuses, moving expenses, or loan repayments.

3. Cannot be used for repairs

If someone has literally taken the drive-thru option from your restaurant, you can’t use an EIDL loan to repair the damage. Likewise, if your fryer breaks down or your roof leaks, you’ll have to rely on other funds to make those repairs.

Is an EIDL loan in your future?

If your business has been impacted by COVID-19, it may be worth applying for an EIDL loan. Although taking out a loan requires serious thought, an EIDL loan offers good repayment terms, a low interest rate and a simple application process. Like any loan, there are downsides to getting an EIDL loan, so it’s up to you to determine if the pros outweigh the cons.

If your financial projections look bleak, it might be worth considering applying for an EIDL loan before the December 21, 2020 deadline.

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Brighton and Hove News » Changes to i360 loan terms pending as advisers await further details https://sendika12.org/brighton-and-hove-news-changes-to-i360-loan-terms-pending-as-advisers-await-further-details/ Fri, 13 May 2022 18:09:00 +0000 https://sendika12.org/brighton-and-hove-news-changes-to-i360-loan-terms-pending-as-advisers-await-further-details/ More details are expected to be made public about changes to i360’s taxpayer-funded loans before advisers can sign them, they said yesterday (Thursday, May 12). The waterfront attraction is millions of pounds overdue on loans which have been brokered by Brighton and Hove City Council. And the board and i360 have discussed “restructuring” the loans […]]]>

More details are expected to be made public about changes to i360’s taxpayer-funded loans before advisers can sign them, they said yesterday (Thursday, May 12).

The waterfront attraction is millions of pounds overdue on loans which have been brokered by Brighton and Hove City Council.

And the board and i360 have discussed “restructuring” the loans – or changing the repayment terms – with both parties committing that the debt will eventually be repaid in full.

A report to the council’s policy and resources committee said i360 now owed the council almost £42.9million after years of missed payments, with mounting interest adding to the debt.

And although a refund is due by the end of next month, no minimum amount had been set, much to the chagrin of Labor and Conservative lawmakers.

Instead, the board plans to conduct a “cash sweep” of available balances once i360’s operational cash needs are taken care of and the major repairs account is funded.

A minimum payment of £900,000 is due in December, advisers have been told, with £600,000 due in June next year. And “cash sweeps” would take place every six months, alongside minimum loan repayments.

Councilor Carmen Appich, co-leader of the Labor opposition, asked for assurances that the minimum payment this month would not be just “a penny”.

Dick Russell, one of i360’s directors, told advisers they could expect a payout that would be in the hundreds of thousands rather than a few pounds.

Mr Russell joined i360 founder Julia Barfield for the Policy and Resources Committee meeting at Hove Town Hall yesterday.

She said: ‘We take our responsibilities to return public money to the council very seriously – and we have certainly done everything we can.

“We’ve obviously been hit by unforeseen circumstances with covid but we’ve had an incredibly good team on board since 2019.

“They certainly do what most other attractions in town are in terms of commercial viability.”

Council tourism chief Donna Chisholm said i360 was developing a “credible” five-year business plan to help recover from the covid pandemic.

She said a council task force, made up of three members, had focused on “protecting the public purse” to ensure the council got its money back.

The i360 – Photo by Glen Bowman under Creative Commons license from Flickr

Labor Councilor Clare Moonan, who was a member of the task force for a year, said the council needs to be open and transparent about how i360 will reimburse taxpayers.

She said: “There is a disappointing lack of detail in the report. I expected something much more robust and much clearer.

“It would show a lot more accountability on how we can make sure we’re going to get that money back.”

Councilor Moonan said Labor had opposed the building and financial support of i360, but accepted that now that it was in place it needed the council’s help.

She said there was nothing stopping i360 from making a goodwill payment from money in her accounts.

The i360 – Photo by Nick Linazasoro

Tory Leader Steve Bell said any decision to change the terms of the loan should be put on hold until more details are available.

He said an “emergency sub-committee” could approve the loan restructuring by June 30.

He criticized the lack of financial details in the documents submitted to the Policy and Resources Committee and said the information discussed at the working group meeting the previous week was lacking.

Councilor Bell said: ‘The people of the town should be able to watch, read, see and feel that we are working in their best interest to try and secure the money we loaned at the time for i360 and hopefully -the, pay us back. money. I don’t think we have that.

“Councillor Moonan and I attended a meeting and then went over some of the issues. I don’t see them in this report. That worries me.

“If there is anything missing from this report and we still don’t have the confirmed figure for the first payment, I am unsure and very nervous to accept this report sitting here today.”

The i360 from the Palace Pier

Green councilor Tom Druitt, who is a member of the i360 task force, said the council needed to strike the right balance between bringing in money to repay the loan while giving i360 the maximum chance of long-term success. term.

He said that not all the details were in the report as they were still being negotiated but the principles remained the same.

Councilor Druitt said: “It’s fair to say that we were all hopeful that at this stage we would have an agreed restructuring proposal which (the Policy and Resources Committee) could examine in detail before it was accepted. .

“It’s not. What hasn’t been mentioned yet is that all we have in front of us is a draft proposal which is still being negotiated with i360 and we are still waiting additional information.

He asked his fellow advisers not to delay a decision but to address any issues at the next working group meeting. He also suggested that an “emergency sub-committee” could approve any substantive changes.

Julia Barfield and the late David Marks celebrate the i360’s first anniversary

Labor and Conservative councilors won a vote, six to four, to wait for more details before deciding whether or not to sign changes to i360 loans.

The decision is expected to be made by an “emergency sub-committee” – made up of all three party leaders – by the end of next month.

In addition to the council-brokered £36.2m loan from the Public Works Loan Board, i360 has also borrowed £4m from the Coast to Capital Local Enterprise Partnership – the LEP.

The council has since taken on the responsibility of collecting the £4m debt, but without having to pay any money to LEP.

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