|
|
Cash Advance Payday Loans
The ads are on the radio, television, the Internet, even in the mail. They refer to payday loans - which come at a very high price.
Check cashers, finance companies and others are making small, short-term, high-rate loans that go by a...
Home Loan and Home Loans
Home loans are available in a variety of different mortgage packages, and homes loan agencies and mortgage companies are offering exciting and competitive mortgage options to homebuyers. Getting a home loan has never been easier, and even those...
Home Loans For People With Bad Credit - When You Should Wait And When You Should Get A Home Loan
Home loans may seem like a bad idea for people with bad credit, but there are times when a home loan can help your credit score and your budget. To know if a home loan is best for you, consider factors such as your current financial situation,...
Secured Personal Loans - What You Need To Know About
Loans that are secured against property are called secured personal loans. They are suitable for when you are having difficulties getting an unsecured personal loan, are trying to raise a large amount, or you just have a bad/poor credit history....
Self-Liquidating Loans - Fact or Fiction?
FICTION! There is no such thing as a self-liquidating "LOAN." If you walk into a bank and ask for a self liquidating loan, they'll look at you as though you were nuts! You may see ads promising - - Self-Liquidating "LOANS!" - Investment Capital...
|
|
|
|
|
|
|
|
Business loans for startups. How to get approved.
Businesses have trouble securing finance at the best of times. Normally you have to have two years of solid financials before a money lender like a bank will even consider lending you money. Often you need to have a strong personal credit record to be eligible for a decent business loan from start-up. There are other lenders that offer business loans specifically for start-ups so the process is easier now than it was a decade ago. However, to stand the best chance of securing those much needed funds, follow these four steps to cement getting approved:
Be a home-owner
As a homeowner you will already have created a history of borrowing and are in possession of a large asset that can be used as security. Lenders are risk conscious. Business start-ups are in a high risk bracket. There is no way to tell if your idea will work, or you are a good money manager or if the execution of the idea will go to planned. They have to rely on your existing assets to pay the debt in the event of default.
Include all your assets in your application
The level of borrowing you can secure is normally determined by the amount of security you can place against the loan. Being a home owner is suitable as usually that is the biggest asset a person or a family owns. In a business, there may be more than one person applying so each person should list their assets as security to garner the highest loan possible.
Items that are considered assets include:
Cash
Property
Shares
Bonds
Vehicles
The higher your asset value the more
money you are able to borrow. Be careful not to over-extend yourself as you are liable to lose each asset you use as security against your loan.
Have a good income record
Have your old tax returns on record to demonstrate that you have had a good history of income. Even though starting a new business will affect this, if it demonstrated that you are capable earner then it does make the lender less cautious.
Account exactly where the business loan will be allocated
This is vitally important to getting your loan approved at the maximum level. If the lender can see where exactly the money is going they can ascertain if your application is viable. If you just make an application of $50,000 with no indication of how you are going to spend it then you may well get rejected. If you make an application for $100,000, where the total is itemised you are likely to be approved:
$15,000 is for premises
$50,000 is for equipment
$25,000 is for inventory
$10,000 is for staff
From this quick list, the money lender can see that if you default they can retrieve money from equipment and inventory that will account for 75% of the total loan as well as the security you have put up.
About the Author
Phil Trumble a business advisor for 180 Business Loans. 180 Business Loans has assisted many businesses that were in financial difficulty by providing debt alternatives, short term loans and business advice. You can find out more at http://www.180businessloans.com.au
|
|
|
|
|
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 |
  |
|