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Definition of advance rate

What is an advance rate? A cash advance rate is the percentage of the value of the collateral one lender is ready to make a loan. The advance rate helps a borrower determine what type of collateral to bring to the table to secure the desired loan amount and helps …

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New Mexico Bank & Trust provides relief and support

Committed to protecting the health and well-being of employees, the customers and communities we call home ALBUQUERQUE, NM, March 30, 2020 (GLOBE NEWSWIRE) – New Mexico Bank & Trust has announced relief and support for employees, consumers and businesses facing challenges due to the economic impact of COVID-19. “We recognize …

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Borrowers May Get Some Relief From Coronavirus Crisis

Some relief may be on the way for business owners and individuals trying to find a way to repay their loans during the novel coronavirus crisis. The Federal Deposit Insurance Corp, which insures bank deposits, this week urged banks to “show understanding” and work with customers affected by COVID-19, whether …

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