The SBA and PROpitiate

 propitiate

pruh-PISH-ee-ayt

To gain the favor of someone; to appease.

From Latin propitiare (to make favorable, to appease).

 

_____________________________________________

TIP OF THE WEEK

 

Propitiate the IRS by using the new form 4506-C when verifying income tax returns for SBA loan purposes.

 

The IRS will Continue to Accept Form 4506-T until April 30, 2021

 

Beginning May 1, 2021, all IVES transcript requests must be submitted exclusively on the Form 4506-C.

All Forms 4506-T received but not processed prior to May 1, 2021 will be valid and processed accordingly. Forms 4506-T received on or after May 1, 2021 will be rejected.

 

__________________________________________

 

Indices:

PRIME RATE= 3.25%

________________________________________

SBA 504 Loan Debenture Rate for April

 

For 20 year debentures, the debenture rate is only 1.54% but note rate is 1.569% and the effective yield is 3.021%.

 

For 25 year debentures, the debenture rate is only 1.66% but note rate is 1.68402% and the effective yield is 3.077%.

 

_______________________________________________

AHEAD OF THE YIELD CURVE

 

Prognostications proliferate over the propitious slope of the yield curve as employment proliferates.

 

In March employers added a booming 916,000 jobs.

 

For what it is worth, Here is a summary of net payroll employment and this week’s interesting little table of data:

 

March      916,000

February  468,000

January    233,000

December -306,000

November  245,000

October  610,000

September 711,000

August   1,489,000

July         1,761,000

June      4,791,000

May       2,725,000

April       -20,700,000

March     -1,400,000

February  275,000

January   214,000

2019     2,108,000

2018      2,679,000

2017      2,110,000

2016      2,160,000

2015     2,740,000

2014     3,116,000

2013     2,074,000

2012     2,193,000

2011     2,103,000

2010    1,022,000

2009    -5,052,000

2008    -3,617,000

2007    1,115,000

2006    2,071,000

2005    2,484,000

2004    2,019,000

 

 

 

What does all this mean?

 

I don't know.

 

Keep your eyes and ears open for this week’s auction of 30 year Treasury bonds.

 

Since the beginning of the year, the 30 year Treasury yield has increased over 70 basis points.

 

At last month’s auction the high yield was awarded at 2.295 percent, up 36.2 basis points from last month's auction rate and the highest awarded for the bond since January of last year.

 

While proditmania profilerates on the longer end of the yield curve, the shorter end is procumbent as the Federal Reserve propitiates the bond markets.

 

A review of its Statement on Longer Run Goals and Monetary Policy emphatically declares that the federal funds rate consistent with maximum employment and price stability over the longer run has declined relative to its historical average.

 

It is a propitious time for prospicient borrowers.

 

__________________________________________

 

OFF BASE

 

The young man didn’t propitiate enough.

 

In the Spring a young man's fancy lightly turns to thoughts of love.

 

If you read the poem Locksley Hall with this prolifically quoted prolegomenon it turns out this is not an ode to love but an angry bitter tirade.

 

The protagonist muses on unrequitted love in a somewhat bitter mood.

 

The memories quickly lead to a burst of anger as he relates that the object of his affections abandoned him due to her parents' disapproval.

 

He didn’t propitiate enough and became procellous.