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    What is a forgivable loan and how do federal forgivable loan agreements work? Discover more about programs like EIDL and PPP with InvestingAnswers!
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    Forgivable Loan A forgivable loan is a type of loan in which some (or all) of the amount can be forgiven or deferred if the borrower meets certain conditions Since the loan balance is
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    Forgivable Loans Some federal student loans are forgivable loans, meaning that you don’t have to repay the debt Forgiveness programs have strict eligibility criteria, such as working for the government, being employed by a non-profit organization, or teaching in an underserved area Loan Discharge
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    InvestingAnswers' glossary of financial definitions and business terms that begin with the letter "F"
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    Paycheck Protection Program Loans (Forgivable) In response to the COVID-19 pandemic, the SBA started offering Paycheck Protection Program (PPP) loans that could qualify for loan forgiveness These loans were designed to cover rent, payroll, and other operating expenses – but they also come with strict qualifications and very specific uses
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    What is a Federal Housing Administration (FHA) Loan? Loans insured by the Federal Housing Administration (FHA) are designed for borrowers who can't qualify for a conventional mortgage They offer relaxed credit and underwriting guidelines, and even have specific program types for various financing situations One of the common misconceptions with FHA loans is that the agency actually provides




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