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Alternative Venture Finance: Federal Grants and Loans
While most companies seeking venture capital initially think about angel investors and venture capitalists, a large alternative source of financing is federal grants and loans. The two largest federal grant programs are run by the Small Business...
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...
Private versus Federal Consolidation Loans – What’s the Difference?
Private versus Federal Consolidation Loans – What’s the Difference? A consolidation loan lets you combine your federal student loans into a single loan with one monthly payment. There are two programs available for consolidating student loans: ...
School Loans Suck
School Loans Suck
I was obediently paying down my school loans via the Sallie Mae website when one day I logged in and noticed that my school loan info was gone . Well now, that sucks! I had paid off a couple of the loans w/ a few more to go...
Taking the Time to Find the Best UK Loans
When looking for UK loans, it's always important to take your time so that you can compare loan rates and terms from a variety of lenders. Depending upon the type of UK loans that you're looking at, different lenders may offer different rates...
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Business Loans in the US
If you are looking for a business loan in the US and you can't
get a loan from your local bank, then this probably means you
have poor credit OR you haven't been in business long enough to
suit the bank OR you just don't have enough collateral to give
them the security they need to give you the loan.
If you have been denied a business loan because of poor credit,
you still have options although the ugly truth of the matter is
that you are going to have to jump through some extra hoops to
get the loan:
1. You will pay a higher interest rate
2. You may have to pay a loan fee
3. You may still have to put up collateral
If you have been denied a loan because you haven't been in
business long enough or you don't have enough collateral to
offer then you also have other options. These include:
1. Angel investors looking to invest in startup companies
2. Venture Capitalists looking for startup companies
3. Private investors
4. More collateral to offer
When you apply for a business loan, the lender wants to know how
you are going to use the money, how you are going to pay the
money back, and how much of your OWN money are you willing to
risk? They will want to see your sales records, expense sheets,
your financial projections, your marketing plan along with your
business plan, and a few other records.
If you have applied for a business loan from 2 banks and been
denied, you can approach the Small Business Administration for a
loan. There will be a LOT of paperwork involved with this
process so be prepared not to get the loan 'quickly'. The SBA
does offer a "pre-qualification" program which you can check out
at their web site www.sba.gov
If you have poor credit and you know it read on...
There are several ways to repair your credit with
the first one
being to obtain a copy of your credit report. There are several
online web sites that will give you access. Also you are able to
get a copy of your credit report once a year for free.
Check your report for mistakes and then write to the credit
reporting agency immediately with any disputes because it can
take up to 30 days to get those removed if they are inaccurate.
If you have non-payments or chargeoffs, try to set up a payment
plan with the creditors IF they will remove the negative
listings.
Business Loan Fees
If your credit score is poor and you look to financial
institutions that are not banks, then you will most likely have
to pay a loan fee or a finders fee. Why? These companies try
very hard to get you a loan. You will probably have to come up
with some collateral. They WANT you to get the loan because then
they get paid. They take your application and submit it to
several different lenders trying to get you approved.
Again this can be a slow progress unless you get paperwork to
them in a timely manner. The quicker you fill out needed forms,
the quicker you can get approved for a loan. Rest assured you
ARE going to pay a higher interest rate because you are
considered a "risk". If you haven't managed your money well,
then that tells them you might not manage their money well
either.
Everyone deserves a second chance and they know that, but they
won't give it to you without the fees or higher interest rates.
If you DO decide to accept one of the loan offers, be sure to
manage your money!
About the author:
Rebecca Game is the founder of Digital Women, an online
community for women in business. A 30 year entrepreneur and
dedicated to helping other women. Visit her site: Loans for Women
http://loans.digital-women.com
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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 |
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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 |
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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 |
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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 |
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Personal Any Purpose Loans : Loans.co.uk : Personal Loans UK |
Offers consumer loans for any purpose in the United Kingdom. |
www.loans.co.uk |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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Direct Loan Home Page |
The US Department of Education's lending arm for students in participating schools and student loan consolidation. |
www.ed.gov |
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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 |
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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 |
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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 |
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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 |
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