|
|
|
Debt Consolidation Loans - A Great Way To Lower Your Bills
Having a hard time paying your bills? Can't seem to catch up and get out of debt? Debt Consolidation Loans might be the answer for you and your debt problems. Debt consolidation is the best option if you are in financial difficulty. It helps you...
Debt Consolidation Secured Loans: A race to your debt free future
A debt consolidation secured loan is particularly used for debt
settlement. A debt consolidation process brings together or
consolidates various debts and multiple payments like store, gas
and phone bills, home improvements, medical bills,...
Instant Loans - For The Needs That Cannot Wait Long For Approval
Your last experience with loans was really disappointing. You
had to literally struggle to get the loan proceeds sanctioned.
Thatswhy, this time round you have planned to take an instant
loan. In fact, the needs this time is such that can be...
Two Easy Ways To Get Cheap Home Loans Online
If you're like most people, you probably want a cheap home loan - but don't know how to reduce your payments.
There are some easy ways to do this. First, find the loan company with the lowest rates online. Second, get the best loan to value on...
Why Home Equity Loans are popular
Why Home Equity Loans are popular Home Equity Loan - An extremely popular and efficient way to borrow is using the roof over one's head as collateral for sizable amounts of credit. To define a few terms, equity is the difference between your...
|
|
| |
|
|
|
|
|
|
Business Loans - 7 Reasons Not To Use A Bank
So you're a small business owner and you need a business loan to
further the objectives of your company. Where do you turn?
When it comes to a business loan or commercial real estate loan,
there are many good reasons NOT to turn to a traditional bank.
Here are some of the most important reasons. Many small business
owners, will find most of these points directly applicable to
them.
"THE BANK TURNED ME DOWN"
Of course the biggest reason most small businesses go looking
for alternative sources of commercial real estate loans is
because they have been declined by the banks. Small businesses
are often forced to look for other sources of funding because
the banks will not provide it. This is not even listed below,
since there are many positive reasons to prefer non-bank
funding, EVEN IF YOU CAN get an approval from a bank.
REASON 1 - The minimum loan amount available from banks is too
high
In many cases banks will not offer a commercial real estate loan
for less than $250,000. So if you only need $100,000 you will be
pushed to borrow more than you actually need. Or if your
property will not support a $250,000 loan you are out of luck
with the banks.
The solution is to look for an alternative funding source that
can provide a lower minimum amount. Some commercial financing
services will go as low as $100,000, and will often give you
better terms and much better service than the traditional banks.
REASON 2 - Many traditional banks will charge you an up-front
"commitment fee" just to examine and process your application
Banks usually think they are doing you a favor by processing
your application, so they will often make YOU pay for their
attempts to win your business.
The solution is to find other established and credible lenders
who are eager to offer you better service without charging you a
fee for processing your application.
REASON 3 - Most traditional banks will severely limit the amount
of cash you can get from a commercial real estate loan.
Banks usually have very narrow rules about where you can use the
cash derived from a commercial real estate loan. If you need a
cash injection for your business, or want to use the proceeds
from a commercial mortgage as a down payment for another
property, most banks will not be interested in that type of
loan.
Look for a lender who does not restrict your use of the cash
derived from commercial real estate loans. Some services, (see
links below) can provide commercial loans that give you up to $1
million in cash to use however you want.
REASON 4 - Most traditional banks
require detailed business
plans before approving a commercial real estate loan.
Many small businesses have business plans, but they are usually
not sufficiently detailed to satisfy the banks. As a result,
applying for a commercial real estate loan from a bank can turn
into a very time consuming and expensive process. Creating the
type of business plan that is adequate for the banks will
usually cost thousands of dollars.
Find a lender who does not require business plans as part of
their underwriting process for a commercial loan.
REASON 5 - Many traditional banks require tax returns for a
commercial real estate loan.
If you are either unable or unwilling to provide tax returns for
your business, many banks will not give you a commercial real
estate loan. Even some of those banks that do not request tax
returns will ask borrowers to sign IRS Form 4506, which
authorizes the lender to obtain tax returns directly from the
IRS.
When looking for alternative sources of funding make sure they
do not require either of these conditions (tax returns or access
to your IRS records).
REASON 6 - Most banks will require cross collateralization of
personal property.
Even though there is sufficient collateral in your business
property to secure a commercial real estate loan, many banks
will require you to provide additional security by putting up
personal assets. Business people have become so used to banks
doing this that they just assume it is a necessity.
But the truth is, over-collateralization like this can restrict
your personal freedom to dispose of your personal assets as you
see fit. And fortunately, there are non-traditional lenders who
do not require cross collateralization at all.
REASON 7 - Most banks require income verification.
Many small business people and self-employed borrowers have
incomes that are erratic and difficult to document. There are
many legitimate reasons for this, but traditional banks
generally do not care. Very few of them will provide commercial
real estate loans without complete income verification.
An alternative used by some non-traditional lending sources is
to use the "Stated Income" approach. Look for a lender who uses
the Stated Income approach and does not require income
verification.
About the author:
For more information about commercial real estate loans visit
http://sabush.org ==> If you have had trouble securing a
business loan, see ==> http://aexcfgllc.com/_wsn/page4.html ==>
Rick Hendershot is an online publisher. For online promotion
ideas see http://www.linknet-promotions.com
|
|
|
|
|
| Cheap Loans | car, personal & secured homeowner loans ... |
| Compare over 400 UK personal (unsecured) and secured homeowner loans, including car loans, to find the cheapest deals... |
| www.moneysupermarket.com |
|
| E-LOAN: Mortgage Refinance, Home Equity, Auto Loans, Savings ... |
| E-LOAN offers home mortgage, refinance, home equity loans, lines of credit, auto and motorcycle loans, savings accounts and CDs with great rates online. |
| www.eloan.com |
|
| Loan Center - Yahoo! Finance - News, Education, Daily Rates and ... |
| Loan Center - The Yahoo! Finance Loan Center provides useful tips, calculators, and rate data to help you choose an auto loan, mortgage, or personal loan ... |
| loans.yahoo.com |
|
| FREE LOANS QUOTE - the customers champion. Finding you the right ... |
| COMPARE! Let us get you a loans quote with minimal fuss. We're the UK specialists. |
| www.moneyweb.co.uk |
|
| Personal Any Purpose Loans : Loans.co.uk : Personal Loans UK |
| Offers consumer loans for any purpose in the United Kingdom. |
| www.loans.co.uk |
|
| FinAid | Student Loans |
| An education loan is a form of financial aid that must be repaid, with interest. ... The interest rate on the Stafford Loan for new loans first disbursed ... |
| www.finaid.org |
|
| GovLoans.gov - Find the Right Loan for You |
| GovLoans is a partnership of many Federal agencies and organizations with a shared vision - to provide improved, personalized access to government loan ... |
| www.govloans.gov |
|
| Loan - Wikipedia, the free encyclopedia |
| Bank loans and credit are one way to increase the money supply. ... Abuse in the granting of loans is known as predatory lending. ... |
| en.wikipedia.org |
|
| Mortgages, Refinance, Home Loans, Home Equity Loans at Quicken Loans |
| Online lender offers simplified residential loans and competitive mortgage rates. Headquarters in Livonia, MI. |
| www.quickenloans.com |
|
| Mortgage Loans - Compare Mortgage Rates - MSN Money |
| Get a mortgage loan that’s right for you. Compare mortgage loan rates of top lenders. |
| moneycentral.msn.com |
|
| The Student Loans Company Ltd. |
| Provides details of the Student Loans system which is part of the Government's financial support package for students. |
| www.slc.co.uk |
|
| Sallie Mae - Private Student Loans, Stafford, PLUS, Student Loan ... |
| Apply online for federal and private student loans, consolidate student loans; financial aid and scholarship information for college, graduate school and ... |
| www.salliemae.com |
|
| Loan Guaranty Service, Home Page (U.S. Department of Veterans Affairs) |
| This page provides content and information related to the Loan Guaranty Home Loan Program. |
| www.homeloans.va.gov |
|
| Fool.co.uk - Compare Loans - Personal Loans and Unsecured Loans |
| Compare over 200 UK loans including personal loans, secured loans, and unsecured loans. Search all loans and apply online. |
| www.fool.co.uk |
|
| LendingTree Home Loans | Refinance | Home Equity | Mortgage Refinance |
| Service network of lenders that enables consumers to compare rates, apply for and get approval for competitive auto loans online. |
| www.lendingtree.com |
|
| Direct Loan Home Page |
| The US Department of Education's lending arm for students in participating schools and student loan consolidation. |
| www.ed.gov |
|
| Personal, home equity loans for union members at Union Plus |
| Union Privilege offers Union Plus benefits -- including credit card, mortgage, loans, insurance, scholarships, health care savings and other discounts -- to ... |
| www.unionplus.org |
|
| Countrywide Financial - Home Loans - Equity Loan Mortgages ... |
| Countrywide Home Loans is the nations largest independent mortgage lender offering home equity, HELOC, refinance, mortgages, debt consolidation and other ... |
| my.countrywide.com |
|
| Secured Loans UK - Secured Personal Loans - accepted.co.uk |
| We search over 200 secured loan plans to find the best deal from our lenders - accepted.co.uk. |
| www.accepted.co.uk |
|
| UK Loans : Personal Loans, Secured Loans, Cheap Loan Quotes |
| The UK Personal Loan Store offers comparisons of the UK loans, personal and secured loans. Also offers tips, articles and latest loan news section. |
| www.ukpersonalloanstore.co.uk |
|
|