As a result, shareholders may decide to take loans from their corporations rather than pay higher interest rates on bank loans. If you work in the entertainment industry, learn how to set up a loan out company and the benefits of one.Tuesday's announcement follows the vice president proposing earlier this month 1 million forgivable loans for Black businesses. You may qualify for forgiveness of the remaining balance due on your eligible federal student loans based on your employment in a public service job. The number and share of SBAbacked 7(a) and 504 loans going to BlackOwned businesses more than doubled since 2020.