Category: american payday loans

If you would like to apply for a Paycheck Protection Program Loan: Congress recently re-opened the Paycheck Protection Program (PPP) for first time PPP borrowers. If you would like to apply, please contact your local branch.

Please note: The deadline to submit a completed PPP application to Beneficial State Bank is Friday, July 24th to allow sufficient processing time before the program ends.

If you are a current Paycheck Protection Program borrower: We are currently building an online forgiveness application. We continue to await additional guidance from the SBA and Treasury that is necessary to begin the forgiveness process.

In the interim, we recommend that you consult with your CPA, counsel, and/or payroll company for help preparing for the forgiveness process. Additionally, you can familiarize yourself with the forgiveness application forms that were recently released by the SBA and are available on the US Treasury Department’s website.

Please note: We cannot accept forgiveness applications via email, mail, or in person. Please do not send PDF copies of these forms.

To allow for all PPP applications received to date to be processed in advance of the SBA’s deadline, we are no longer accepting new PPP applications.

• We are currently building an online forgiveness application process. Continue reading Your loan officer will contact you when the online forgiveness application process becomes available

Instead, the Damages Subclasses are defined in the past tense, that is, South Carolina citizens “who borrowed money from Defendant in the three years preceding the filing of this complaint” or who “renewed a loan with Defendant

Damages Subclass One: All citizens of South Carolina who borrowed money from Defendant in the three years preceding the filing of this complaint whose monthly obligations exceeded 55% of their gross monthly income.

Advance America contends that these class definitions include “any individual who (1) entered into a deferred presentment services agreement with Advance America and (2) was at any time a South Carolina citizen.” (Br. Appellant 17.) Advance America then argues that the classes would include plaintiffs “who borrowed money” from it while a South Carolina citizen, but who thereafter became citizens of another state before the Complaint was filed. The majority finds this argument unpersuasive based on its reading of the classes as defined in the Complaint and concludes that “if one of Advance America’s customers had in fact established domicile outside of customers would not be ‘citizens of South Carolina’ at the time the complaint was filed and therefore would not be members of the proposed class.” Supra at 937. For the reasons that follow, I agree with the majority as to the Inages Subclass One and Damages Subclass Two (collectively, the “Damages Subclasses”).

The plain language of the Complaint defining the Injunctive Relief Class describes its members in the present tense, that is, South Carolina citizens “who are domiciled in South Carolina.” (Emphasis added). Continue reading However, for whatever reason, the plaintiffs have not similarly delineated the members of the Damages Subclasses

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You tell Lendio who you are and what you’re looking for, and it does the rest. Continue reading Offers two types of business loans: short-term loans and revolving lines of credit