800-829-1040 For individual and joint filers who need procedural or tax law information and/ or help to file their 1040-type IRS Tax Help Line for individual returns (including Individuals| Schedules C and E); and, general account information for Form 1040 Filers.
Participation Loans Lenders and borrowers can team up with other lenders and borrowers to reduce their exposure to risk and increase their profits. These relationships, which come in many flavors, are called participation loans.
It is easy to assume that a lead bank offering a loan participation is knowledgeable about the industries it is underwriting. Bank management should keep in mind that credit memorandums are designed to gain approval by the board loan committee and may oversell the positives.