Loan program – 4 Bubbly http://4bubbly.com/ Mon, 01 Nov 2021 06:04:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://4bubbly.com/wp-content/uploads/2021/10/profile-120x120.png Loan program – 4 Bubbly http://4bubbly.com/ 32 32 Times Journal editorial: Drug case points to P3 loan program | Editorial https://4bubbly.com/times-journal-editorial-drug-case-points-to-p3-loan-program-editorial/ https://4bubbly.com/times-journal-editorial-drug-case-points-to-p3-loan-program-editorial/#respond Sun, 31 Oct 2021 12:30:00 +0000 https://4bubbly.com/times-journal-editorial-drug-case-points-to-p3-loan-program-editorial/ This echoed a previous report from Pro Publica, a nonprofit newsroom, which found one such lender online, Kabbage, Inc., (which was one of the lenders of the Racine loans) sent 378 pandemic loans worth $ 7 million to fake businesses – mostly farms. “An entity classified as a cattle ranch, ‘Beefy King’, has been recorded […]]]>

This echoed a previous report from Pro Publica, a nonprofit newsroom, which found one such lender online, Kabbage, Inc., (which was one of the lenders of the Racine loans) sent 378 pandemic loans worth $ 7 million to fake businesses – mostly farms. “An entity classified as a cattle ranch, ‘Beefy King’, has been recorded in PPP records at the home address of Joe Mancini, the mayor of Long Beach Township (along the New Jersey coast)”, reported Pro Publica.

“There is no agriculture here: we are a sandbar for God’s sake,” Mancini said. The mayor said he had no cows in his house, only three dogs. The Center for Investigative Journalism said other apparently bogus farms that had secured P3 loans included potato farms in Palm Beach and orange groves in Minnesota.

This reporting partly led US Representative James Clyburn, chairman of the select subcommittee on the coronavirus crisis, to send letters to Kabbage, Inc. and three other Fin-Techs, seeking documents and information. on the management of their loans.

“I am deeply troubled by recent reports alleging that FinTech lenders and their banking partners have failed to properly screen PPP loan applications for fraud,” Clyburn wrote, “This failure may have led to millions dollars in PPP loans facilitated by Fin-Tech to fraudulent, non-existent or otherwise ineligible companies.

So, no, we wouldn’t be surprised if some of those millions in government ended up financially supporting a local cottage industry like cocaine trafficking. Now we’ll have to wait and see if they can connect the dots.


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With Amidst Magazine, Kiva Iowa’s loan program finances its first entrepreneur https://4bubbly.com/with-amidst-magazine-kiva-iowas-loan-program-finances-its-first-entrepreneur/ https://4bubbly.com/with-amidst-magazine-kiva-iowas-loan-program-finances-its-first-entrepreneur/#respond Wed, 27 Oct 2021 10:57:41 +0000 https://4bubbly.com/with-amidst-magazine-kiva-iowas-loan-program-finances-its-first-entrepreneur/ In September, Jessica Pfohl Paisley of Dubuque became the first entrepreneur to be fully funded with a loan from Kiva Iowa. (NewBoCo) By early summer, Dubuque’s Jessica Pfohl Paisley was ready to launch her latest entrepreneurial adventure, Amidst Magazine, a print and digital publication that Midwestern creative professionals could connect with. There was just one […]]]>

In September, Jessica Pfohl Paisley of Dubuque became the first entrepreneur to be fully funded with a loan from Kiva Iowa. (NewBoCo)

By early summer, Dubuque’s Jessica Pfohl Paisley was ready to launch her latest entrepreneurial adventure, Amidst Magazine, a print and digital publication that Midwestern creative professionals could connect with.

There was just one problem. She needed $ 10,000 to cover the cost of printing the first issue.

It is not unusual. Access to seed capital is one of the biggest obstacles to the success of Iowa start-ups.

Without access to this early financing, many entrepreneurs in Iowa have to close their doors before their businesses even have a chance to start.

“Our team spoke to hundreds of entrepreneurs and entrepreneurship support organizations across Iowa,” said Aaron Horn, Executive Director of NewBoCo,

“We have discovered that there is a hidden step on the capital ladder that these companies are struggling to access before they are eligible for SBA loans, banks or private investors.”

Aaron Horn, NewBoCo

For this reason, in 2021 NewBoCo partnered with Kiva to launch Kiva Iowa – and Paisley became its first borrower.

“Becoming a borrower on Kiva was very easy,” said Paisley. “I’m not going to say it was easy, but it was simple. Mainly because someone is walking you through the process.

Based in San Francisco, Kiva is a global not-for-profit microcredit platform. It offers interest free loans ranging from $ 1,000 to $ 15,000.

Lenders can support a Kiva microcredit with an investment of as little as $ 25.

As a statewide Kiva hub, NewBoCo facilitates the lending and due diligence process for Iowa-based borrowers on the Kiva platform and connects borrowers to other resources to develop their activities.

NewBoCo was able to pilot this program in 2021 thanks to grant funding from the Entrepreneurial Investment Award program of the Iowa Economic Development Authority.

“This region needs more capital to create new opportunities for entrepreneurs, especially those who are financially excluded or historically deprived of access to traditional means of capital,” said Kaitlin Byers, head of access to capital. from Kiva Iowa.

“This is why, as a former entrepreneur myself, I was drawn to a new role at NewBoCo as the Access to Capital Manager at Kiva Iowa. “

How it works?

Rather than asking for collateral or performing a traditional credit check, Kiva uses a “social underwriting” process to assess creditworthiness.

To be approved for fundraising, borrowers must provide high quality financial and business information, personal history, and professional photos.

Kiva reviewers then look at social factors, such as whether a borrower has been approved by a local trustee, before approving a loan for fundraising.

Once approved, the loan is posted on Kiva’s website for a 15-day private fundraising period. During this time, the borrower must recruit a given number of lenders from his personal network to start his fundraising.

After reaching the required number of initial lenders, the loan moves into a 30-day public fundraising period, during which it is publicly visible to the global Kiva lender community.

This process makes Kiva an accessible option for entrepreneurs, especially women, people of color, and those with low to moderate incomes.

To level the playing field for entrepreneurs, Kiva requires that 80% of borrowers on its platform fall into these categories. NewBoCo expects nearly 100% of the borrowers it supports to fall into these categories.

Paisley connected to Kiva Iowa at EntreFEST – NewBoCo’s conference for Midwestern entrepreneurs and innovators.

Byers worked to get Paisley approved on the Kiva platform and provided guidance throughout the fundraising process.

“When there was a day or two left (in my fundraising period), someone finished the final $ 700,” Paisley said. “It was absolutely amazing.”

With a fully funded loan, Paisley had access to the funds she needed to print the first issue of Amidst magazine in September. This has been a success and Amidst staff are planning the spring edition and are working to develop their digital edition and online community for creatives.

The first issue of “Amidst Magazine”, published in Dubuque in September. (NewBoCo)

Just the beginning

Paisley isn’t the only Iowa entrepreneur using Kiva Iowa.

As of October, two borrowers from Iowa were fully funded and many more are starting their fundraising process.

These entrepreneurs come from all over the state, and their businesses represent everything from making model trains to beauty salons to farms.

Byers sees this as the start of the program’s journey. She is committed to cultivating Kiva Iowa statewide.

“Small businesses are the backbone of our communities,” she said.

“Our partnership with Kiva further confirms our commitment to supporting the dreams of entrepreneurs across the state of Iowa.”

Already a successful borrower on the platform, Paisley said she now wants to give back by becoming a Kiva Iowa lender.

“I’m scouring the platform for different loans to support myself,” Paisley said.

“It’s such an amazing and rewarding thing to do. You can actually see firsthand the impact you are having.

To learn more about Kiva Iowa, visit newbo.co/kiva.


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Sezzle, bread partner on the loan program https://4bubbly.com/sezzle-bread-partner-on-the-loan-program/ https://4bubbly.com/sezzle-bread-partner-on-the-loan-program/#respond Mon, 25 Oct 2021 16:57:49 +0000 https://4bubbly.com/sezzle-bread-partner-on-the-loan-program/ Payments company Alliance Data Systems has partnered with Buy Now, Pay Later (BNPL) Sezzle, Alliance offering its Bread installment lending business through Sezzle’s merchant network. “Through this integrated partnership, Sezzle will leverage Bread’s in-depth underwriting and installment loan product to reach more customers who purchase big-ticket items, while providing a full range of products to […]]]>

Payments company Alliance Data Systems has partnered with Buy Now, Pay Later (BNPL) Sezzle, Alliance offering its Bread installment lending business through Sezzle’s merchant network.

“Through this integrated partnership, Sezzle will leverage Bread’s in-depth underwriting and installment loan product to reach more customers who purchase big-ticket items, while providing a full range of products to its merchant partners,” said the companies in a press release Monday (Oct. 25).

Bread, which was acquired by Alliance in December last year, will work alongside Sezzle to offer Sezzle’s more than 40,000 merchants – including Target and Bass Pro Shops – more options at checkout, according to the communicated. It should be available for traders in early 2022.

“Sezzle is B Corp certified and is on a mission to financially empower buyers by creating transparent and top-notch experiences,” said Charlie Youakim, CEO of Sezzle. “It also includes a focus on building credit and financial education, as well as sustainability, social good and ethical partnerships that are increasingly important to next-generation consumers. By providing Bread’s installment payment solution to customers, we can leverage our buy-now, pay-later success, and expand our product line to include additional installment loan options that give ambitious and expensive buyers more. means to pay.

According to the companies, Bread’s three- to 48-month installment loans will complement Sezdle’s BNPL options, while also giving both companies a chance to grow. The partnership will see Bread generate loans through its subsidiary, Comenity Capital Bank.

“This agreement allows Bread and Sezzle to expand their reach and generate mutual growth, while giving more merchants the tools to succeed by attracting a variety of customers and basket sizes,” said Val Greer, Executive Vice President and Commercial Director of Alliance Data. .

Read more: Sezzle, TransUnion Focuses on User Refund History

The partnership comes less than two weeks after Sezzle announced it was developing another partnership with credit bureau TransUnion, to allow customers to establish and build credit based on their repayment history with Sezzle.

Sezzle users eligible for Sezzle Up will have their reimbursement information submitted to TransUnion, giving them a head start on a better financial situation.

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NEW PYMNTS DATA: 2021 HOLIDAY SHOPPING OUTLOOK

On: It’s almost time for the holiday shopping season, and nearly 90% of American consumers plan to do at least some of their purchases online, up 13% from 2020. The 2021 Holiday Shopping Outlook, PYMNTS surveyed more than 3,600 consumers to find out more about what drives online sales this holiday season and the impact of product availability and personalized rewards on merchant preferences.


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Credit Unions Allowed to Participate in the New York State Business Loan Program https://4bubbly.com/credit-unions-allowed-to-participate-in-the-new-york-state-business-loan-program/ https://4bubbly.com/credit-unions-allowed-to-participate-in-the-new-york-state-business-loan-program/#respond Mon, 25 Oct 2021 15:17:43 +0000 https://4bubbly.com/credit-unions-allowed-to-participate-in-the-new-york-state-business-loan-program/ New York State credit unions are now allowed to participate in its Excelsior linked deposit program. Governor Kathy Hochul signed the law on October 24. The program allows businesses to take out commercial loans at an interest rate 2-3% lower than the going rate. Borrowing becomes cheaper for small businesses, and lenders are compensated for […]]]>

New York State credit unions are now allowed to participate in its Excelsior linked deposit program.

Governor Kathy Hochul signed the law on October 24.

The program allows businesses to take out commercial loans at an interest rate 2-3% lower than the going rate. Borrowing becomes cheaper for small businesses, and lenders are compensated for providing low rate loans with a comparatively reduced deposit of public funds.

Thanks to the program, the government deposits a down payment of the same amount as the loan taken out and earns less interest on the deposit. The lending institution then transfers the savings on the interest rates to the borrower.

The program was originally created as an economic development initiative to encourage small businesses to undertake new projects and make new investments in their businesses.

By adding credit unions, the state intends to expand access to even more small businesses, especially in communities underserved by commercial banks.

“For too long, too many places in NYS were banking deserts, yearning for proper attention to help them grow,” said Senator James Sanders Jr. “By signing this bill, the governor unleashes power credit unions to help the unbanked Thank you to Governor Hochul for signing this bill that supports dignified but unbanked communities. “

Manufacturing companies with 500 full-time employees or less in New York State, or any independent and independent service company with 100 full-time employees or less in New York State that is not dominant in its field is eligible for a 2% interest rate bonus under the program, as well as any business with 100 or fewer full-time employees based in New York State that undertakes a project to increase its business in the area of ​​New York State. ‘export.

Companies eligible for a 3% interest rate subsidy under the program include those with 100 full-time employees or less in an Empire zone or hardship zone, certified minority-owned or owned businesses. to women, defense manufacturers, agricultural companies with 500 or fewer full-time employees, and technology or innovation companies with 100 or fewer full-time employees based in New York City.


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SSS Pension Loan Program, pension benefit modules now available in the ExpreSSS e-learning portal https://4bubbly.com/sss-pension-loan-program-pension-benefit-modules-now-available-in-the-expresss-e-learning-portal-2/ https://4bubbly.com/sss-pension-loan-program-pension-benefit-modules-now-available-in-the-expresss-e-learning-portal-2/#respond Sun, 24 Oct 2021 10:53:46 +0000 https://4bubbly.com/sss-pension-loan-program-pension-benefit-modules-now-available-in-the-expresss-e-learning-portal-2/ THE Social Security System (SSS) added the pension loan program and pension benefit modules in the ExpreSSS e-Learning portal (ExSSSel) in June and September 2021 respectively, where 1.8 million retirees were able to access to more detailed information on these programs. “We know the vulnerability of our retirees to the Covid-19 virus. This is why […]]]>

THE Social Security System (SSS) added the pension loan program and pension benefit modules in the ExpreSSS e-Learning portal (ExSSSel) in June and September 2021 respectively, where 1.8 million retirees were able to access to more detailed information on these programs.

“We know the vulnerability of our retirees to the Covid-19 virus. This is why the SSS has given them the opportunity to pursue an additional e-learning experience in the comfort of their own homes, anytime and anywhere. Where With the flexible schedule, the ExSSSel portal will allow our retirees to deepen their knowledge of the SSS at their own pace and at their own pace, by accessing it 24 hours a day, 7 days a week.

They can also take the exam to assess their understanding, which makes it a more enjoyable and rewarding activity, ”said Aurora Ignacio, President and CEO of SSS.

The ExSSSel Portal is an online IT training on various SSS programs that was initially launched in November 2020 and aims to educate members, employers and the general public through learnings based on the SSS modules. They can study these modules at their convenience for free.

The ExSSSel portal can be done by following these simple steps: (1) select a module, (2) register online, (3) study the module, (4) take the post-exam, and finally, ( 5) wait for their e-certificates.

By selecting a module, members and interested persons can choose from: Module 1 (Illness), Module 2 (Maternity), Module 3 (Unemployment), Module 4 (Disability), Module 5 (Salary loan), Module 6 (Program pension loan). ) and Module 7 (Retreat). Users can also open multiple modules simultaneously.

Members and others can go to http://bit.ly/ExSSSeL_Portal to register. After selecting a module, they will receive an online registration form via Google Form to complete.


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Pension Loan Program, pension benefits module now available in ExSSSel – Manila Newsletter https://4bubbly.com/pension-loan-program-pension-benefits-module-now-available-in-exsssel-manila-newsletter/ https://4bubbly.com/pension-loan-program-pension-benefits-module-now-available-in-exsssel-manila-newsletter/#respond Tue, 19 Oct 2021 08:58:00 +0000 https://4bubbly.com/pension-loan-program-pension-benefits-module-now-available-in-exsssel-manila-newsletter/ At least 1.8 million retirees can now access the Pension Loan Program (PLP) and the Pension Benefits module through the Social Security System (SSS) ExpreSSS e-Learning portal (ExSSSel). Social security system “We know the vulnerability of our retirees to the COVID-19 virus. This is why the SSS has given them the opportunity to pursue an […]]]>

At least 1.8 million retirees can now access the Pension Loan Program (PLP) and the Pension Benefits module through the Social Security System (SSS) ExpreSSS e-Learning portal (ExSSSel).

Social security system

“We know the vulnerability of our retirees to the COVID-19 virus. This is why the SSS has given them the opportunity to pursue an additional online learning experience from the comfort of their own homes, anytime and anywhere. With the flexible schedule, the ExSSSel portal will help our retirees gain more knowledge about SSS at their own pace and at their own pace, ”SSS President and CEO Aurora C. Ignacio said in a statement. .

Ignacio said retirees can access the portal 24/7.

Launched in November 2020, the ExSSSel portal is an online IT training on various SSS programs that aim to educate members, employers and the general public through learnings based on SSS modules.

Members with a pass rate of at least 80 percent will receive electronic certificates via their registered email address within seven business days of when participants take the post-exam and submit the form. devaluation.

As of August 31, 2021, SSS has issued over 9,600 electronic certificates to ExSSSel users who have successfully completed at least one module available on the portal.

Sickness benefit is the most consulted module with 15,413, followed by the maternity benefit module with 9,255.

“For those who have already accessed the ExSSSel portal, we thank you for your support of our e-learning portal and rest assured that we will soon include another set of modules. We also encourage the rest of the learning enthusiast, especially our members, retirees and employers, to explore the ExSSSel portal to be fully informed about the benefits and privileges of SSS, ”added Ignacio.


SUBSCRIBE TO THE DAILY NEWSLETTER

CLICK HERE TO JOIN


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SSS Pension Loan Program, pension benefit modules now available in the ExpreSSS e-learning portal https://4bubbly.com/sss-pension-loan-program-pension-benefit-modules-now-available-in-the-expresss-e-learning-portal/ https://4bubbly.com/sss-pension-loan-program-pension-benefit-modules-now-available-in-the-expresss-e-learning-portal/#respond Sun, 17 Oct 2021 10:45:05 +0000 https://4bubbly.com/sss-pension-loan-program-pension-benefit-modules-now-available-in-the-expresss-e-learning-portal/ The Social Security System (SSS) added the Pension Loan Program (PLP) and pension benefit modules in the ExpreSSS e-Learning portal (ExSSSel) in June and September 2021 respectively, where 1.8 million retirees can access more detailed information on said programs. “We know the vulnerability of our retirees to the COVID-19 virus. This is why the SSS […]]]>

The Social Security System (SSS) added the Pension Loan Program (PLP) and pension benefit modules in the ExpreSSS e-Learning portal (ExSSSel) in June and September 2021 respectively, where 1.8 million retirees can access more detailed information on said programs.

“We know the vulnerability of our retirees to the COVID-19 virus. This is why the SSS has given them the opportunity to pursue an additional online learning experience from the comfort of their own homes, anytime and anywhere. With the flexible schedule, the ExSSSel portal will help our retirees to acquire more knowledge about SSS at their own pace and at their own pace. They can access it 24/7. They can also take the exam to assess their understanding, which makes it a more enjoyable and rewarding activity, ”said Aurora C. Ignacio, President and CEO of SSS.

The ExpreSSS e-Learning Portal (ExSSSel) is an online computer training on various SSS programs which was initially launched in November 2020 and which aims to educate members, employers and the general public through learning based on SSS modules . They can study these modules at their convenience for free.

ExSSSel Portal can be done by following these simple steps: (1) select a module, (2) register online, (3) study the module, (4) take the post-exam, and finally, (5) wait their e-certificates.

By selecting a module, members and interested persons can choose from: Module 1 (Illness), Module 2 (Maternity), Module 3 (Unemployment), Module 4 (Disability), Module 5 (Salary loan), Module 6 (Program pension loan). ) and Module 7 (Retreat). Users can also open multiple modules simultaneously.

Members and others can go to http://bit.ly/ExSSSeL_Portal to register. After selecting a module, they will receive an online registration form via Google Form to complete.

However, portal users should be reminded that they can only get their electronic certificate after achieving a pass rate of at least 80% after the post-exam. The electronic certificate will be sent to their registered email address within seven working days from the time the participant has taken the post-exam and submitted the evaluation form.

As of August 31, 2021, SSS has issued a total of 9,643 e-certificates to ExSSSeL users who have successfully completed at least one module available on the portal. Sickness benefit is the most viewed module with 15,413 views, followed by the maternity benefit module with 9,255 views.

“For those who have already accessed the ExSSSel portal, we thank you for your support of our e-learning portal and rest assured that we will soon include another set of modules. We also encourage the rest of the learning enthusiast, especially our members, retirees and employers, to explore the ExSSSel portal to be fully informed about the benefits and privileges of SSS, ”added Ignacio.

For more information, visit one of the following SSS social media accounts, such as the official SSS FB page on “Philippine Social Security System – SSS”; SSS Viber community at “MYSSSPH Updates”; Instagram at “mysssph”; Twitter on “PHLSSS” and YouTube on “MySSSPhilippines”. (RP)


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The CSUSB Laptop Loan Program Has Been Expanded https://4bubbly.com/the-csusb-laptop-loan-program-has-been-expanded/ https://4bubbly.com/the-csusb-laptop-loan-program-has-been-expanded/#respond Tue, 05 Oct 2021 14:41:30 +0000 https://4bubbly.com/the-csusb-laptop-loan-program-has-been-expanded/ PALM DESERT – As Cal State San Bernardino was forced to switch to virtual and online offerings due to the COVID-19 pandemic in April 2020, university officials realized they were facing another serious problem – the use of computers and Internet access for students. Vivian Arias, a graduate student majoring in English, faced the prospect […]]]>

PALM DESERT – As Cal State San Bernardino was forced to switch to virtual and online offerings due to the COVID-19 pandemic in April 2020, university officials realized they were facing another serious problem – the use of computers and Internet access for students.

Vivian Arias, a graduate student majoring in English, faced the prospect of having to use her smartphone not only to access her postgraduate courses online, but also to ‘teach my group exercise classes for our center. of leisure and well-being. It would have made my life much more difficult.

For many students, switching to an online format posed a problem because their personal computers or personal laptops had weak signals for connectivity to access the Internet, which could hamper or prevent them from attending classes online. line, to complete their homework and homework. Many students who did not have access to a computer came to campus to use the university’s free computer labs.

Until the pandemic, CSUSB officials weren’t really concerned about students having access to technology in their homes, said Samuel Sudhakar, the university’s chief information officer and vice president of university services. information technology (ITS).

ITS therefore quickly adapted and expanded the John M. Pfau Library’s existing laptop lending program, where library students could borrow laptops, but only for a maximum of four hours.

“We knew there were inequalities, but we didn’t pay much attention to it because we said to our students, ‘Come to campus, we’ll provide you with world-class technology.’ This has always been our mantra, ”Sudhakar said. “And the pandemic is coming and we suddenly realized that not only the students, but also the faculty and the staff do not have access to good computers, laptops as well as connectivity and access to the Internet.”

The newly expanded laptop loan program would now allow students to have the laptops for the entire spring term 2020 and later for an entire semester when the CSUSB moved to a semester system in the fall of 2020.

To go along with laptops, the university also provided students with portable mobile hotspots that would provide internet connectivity from anywhere, Sudhakar said. The department also offered Internet connectivity in the parking lots of the Palm Desert Campus so that students can access the Internet without leaving their vehicles.

Sudhakar said the university purchased the laptops with funding from the Federal Emergency Aid Fund for Higher Education (HEERF). “The purpose of the program is to make the technology available to students who cannot afford it, but we have extended it to all students at CSUSB,” Sudhakar said.

To date, more than 1,100 students from the San Bernardino and Palm Desert campuses have participated in the program, Sudhakar said. Arias, whose goal is to teach English at a community college and earn a doctorate, said the laptops program was a “godsend” for her. “Learning and working remotely had its challenges, but having a reliable laptop to carry out my responsibilities made it a lot easier,” Arias said. “Honestly, I don’t know how I could have gotten away with just my phone, but I’m happy to say I pulled the last trimester of A and the trimester before, all with this laptop. , and I gave excellent lessons, if I mean so myself!

One of the issues ITS encountered in the program was getting the word out to students as there was no direct contact as the campus was closed to day-to-day operations. So they spread the word by working with professors via social media, sending emails, working with student government and especially word of mouth, which has been a big promoter of the program, Sudhakar said. . “In the pandemic environment, you don’t meet a lot of people. It’s more of a formal communication program rather than, you know, if you’re on campus with those brand new laptops and a friend asks you, “Hey, where did you get the laptop?” Or ‘Hey, I went to the library and they gave me a laptop for the whole semester.’ ”

“What we’re proud of about this program is that every student who requested a laptop received one,” Sudhakar said. He thinks laptops work better for students than tablets. “We’ve always believed that laptops are a much better device for student productivity and they’re also cheaper,” Sudhakar said. “The feedback we have received from students for the Laptop Program has been phenomenal. The CSUSB will continue to offer the Laptop Loan Program during the 2021-2022 school year and beyond.

“It’s open to all students – undergraduates and graduate students – as long as they’re currently active students on campus,” Sudhakar said. “They go to the ITS Laptop Loan Program website and press a simple form that they have to fill out and that’s all they do. It’s very, very easy to request a laptop. Arias said she urges her fellow students to use the program. “I would 100% recommend this program to students and would have mentioned it to my peers, letting them know how much I have benefited from it,” Arias said. “I think this service is vital for those of us who need reliable technology, like laptops, to access online courses, and who don’t have the money to go out and buy a new one. laptop.

Summary of the news:

  • The CSUSB Laptop Loan Program Has Been Expanded
  • Check out all the news and articles about the latest security updates.
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Golden LEAF, NC Rural Center Announces Stimulus Loan Program for Small Businesses Affected by Tropical Storm Fred | Business https://4bubbly.com/golden-leaf-nc-rural-center-announces-stimulus-loan-program-for-small-businesses-affected-by-tropical-storm-fred-business/ https://4bubbly.com/golden-leaf-nc-rural-center-announces-stimulus-loan-program-for-small-businesses-affected-by-tropical-storm-fred-business/#respond Sat, 02 Oct 2021 13:35:00 +0000 https://4bubbly.com/golden-leaf-nc-rural-center-announces-stimulus-loan-program-for-small-businesses-affected-by-tropical-storm-fred-business/ The Golden LEAF Foundation and the NC Rural Center have reactivated their disaster recovery loan program, which is now accepting applications from small business owners in Avery, Buncombe, Haywood, Madison, Transylvania, Watauga and Yancey counties. Managed by the nonprofit of the rural center, Thread Capital, Disaster Recovery Loans (Resilient Recovery and Resilient Recovery Express) provide […]]]>

The Golden LEAF Foundation and the NC Rural Center have reactivated their disaster recovery loan program, which is now accepting applications from small business owners in Avery, Buncombe, Haywood, Madison, Transylvania, Watauga and Yancey counties.

Managed by the nonprofit of the rural center, Thread Capital, Disaster Recovery Loans (Resilient Recovery and Resilient Recovery Express) provide small businesses with low interest capital to help them in the aftermath of a natural disaster, including payroll, cleaning cost coverage and lost income replacement.

Small business owners can apply for disaster recovery loans at threadcap.org/disaster-recovery. In addition to completing an online application, business owners should be prepared to provide tax returns and a minimum of additional information.

“The Golden LEAF Foundation recognizes the vital role small business owners play in our state’s economy,” said Scott T. Hamilton, President and CEO of the Golden LEAF Foundation. “These businesses and the communities they serve have a better chance of surviving when we respond quickly to their needs following natural disasters.

Thread Capital’s disaster recovery loan programs meet the short- and long-term needs of small businesses affected by natural disasters. In the weeks following Hurricane Florence in 2018, Thread Capital made 71 disaster recovery loans in partnership with the Golden LEAF Foundation to affected businesses and helped retain more than 1,100 jobs.

“We’ve seen the physical damage hurricanes and tropical storms can cause to North Carolina, but the long-term economic impact is just as devastating,” said Jonathan Brereton, executive director of Thread Capital. “With the Resilient Recovery and Resilient Recovery Express loan products, we can ensure that small businesses have the resources they need to rebuild quickly and strategically after a natural disaster, which is critical to the future of the economy. of our state. “

To learn more about Thread Capital’s Disaster Recovery Loans and to apply for an eligible business, visit threadcap.org/disaster-recovery.


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Mastercard enters ‘buy now, pay later’ battle with new installment loan program https://4bubbly.com/mastercard-enters-buy-now-pay-later-battle-with-new-installment-loan-program/ https://4bubbly.com/mastercard-enters-buy-now-pay-later-battle-with-new-installment-loan-program/#respond Tue, 28 Sep 2021 11:00:54 +0000 https://4bubbly.com/mastercard-enters-buy-now-pay-later-battle-with-new-installment-loan-program/ The MasterCard logo on a smartphone disposed in Saint Thomas, Virgin Islands. Gabby Jones | Bloomberg | Getty Images Mastercard is entering the competitive installment loan space by allowing banks and start-ups to scale up their own “buy now, pay later” offers. The payments giant on Tuesday announced a new program called “Mastercard Payments” for […]]]>

The MasterCard logo on a smartphone disposed in Saint Thomas, Virgin Islands.

Gabby Jones | Bloomberg | Getty Images

Mastercard is entering the competitive installment loan space by allowing banks and start-ups to scale up their own “buy now, pay later” offers.

The payments giant on Tuesday announced a new program called “Mastercard Payments” for the US, Australian and UK markets, which will go live in the first quarter of next year. The increasingly popular style of loan allows buyers to split their purchases through monthly payments, often without interest.

Mastercard does not lend directly to customers. Its network acts as an intermediary in the process of paying credit and debit cards. In this case, it will allow banks and fintechs to “connect” to the Mastercard program and offer loans directly.

US consumer bank Barclays, SoFi, Synchrony and Marqeta are among those who have said they plan to use Mastercard to roll out installment loans.

“Consumers are showing great interest in this ability to buy now, pay later,” said Craig Vosburg, product manager at Mastercard, in a telephone interview. “It is using the power of the Mastercard network and franchise to market it on a large scale. “

The so-called BNPL loans increase sales by 45% on average, and reduce “cart abandonment” by 35%, according to Mastercard. Vosburg said marketers see these types of loans as a way to generate more sales. Customers, on the other hand, tend to look to these loans as cheaper and more convenient alternatives to traditional revolving credit.

Space has become a battleground for banks and fintechs.

Jack Dorsey’s Square announced a $ 29 billion deal in August to buy Australian company AfterPay as a foray into space. Affirm, one of the first and best-known companies in the industry, recently partnered with Amazon for a buy-it-now and check-out option on the e-commerce site.

PayPal, Klarna, Mastercard and Fiserv, American Express, Citi, and JP Morgan Chase all offer similar loan products. Apple plans to launch installment loans as part of a partnership with Goldman Sachs, Bloomberg reported. Mastercard rival Visa is developing a similar product.

Claiming CEO Max Levchin is among those who have argued that the installment loan could be a threat to traditional card players, like Mastercard and Visa, by cutting revolving credit. But Vosburg said it was “additive”. Most of the payments made to fund loans tend to be a Mastercard credit transaction, in which the company charges a small fee.

“We are seeing a high prevalence, in our program and others, of people choosing Debit Mastercard as a means of repayment,” Vosburg said. “This is in line with our mission to provide choice for both consumers in terms of payment method and merchants in terms of payment method. “

The plans differ in terms of interest payments, although many are initially interest-free. Mastercard said it is up to the lender to decide the rate and whether or not to allow credit cards to be used to fund installment loans.

Others cautioned against the risk of additional credit and what is called “debt stacking” – or using traditional forms of credit to fund these installment loans. Some late payment offers are also not reported to the credit bureaus. The companies offering these loans say they are able to use data to assess creditworthiness better than a traditional FICO score.

“Lenders don’t want to extend loans that can’t be repaid, and we don’t want to see lenders doing that – so we’re actively working to improve the visibility of information on consumers’ ability to repay a loan,” he said. declared Vosbourg.

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