Hard Money Loans

photo credit: gcoldironjr2003 I am frequently approached by business owners seeking financing for their companies. It’s become a love-hate scenario. I love it because that’s what I do, arrange financing for small businesses. I don’t enjoy it as much when I soon realize that the business owner often doesn’t know why they need the money, [...]

photo credit: norhendraruslanA working capital loan is a form of business loan that is commonly allocated to support the daily operations of a business or buy earning assets. This source of funding is often sought when the net working capital is deficient. This circumstance results from a low or even negative figure when the existing [...]

photo credit: ItzaFineDay There are several ways to obtain funding for your business; the most common lender is the traditional bank, credit unions and private loan companies or capital companies. Through these types of lenders, business loans must be secured. This means using your personal assets as guarantee (collateral). Business loans are very risky because [...]

photo credit: norhendraruslan Most business owners are told by bankers and other “financial advisors” that they will have to qualify for their business credit line based on their personal credit score and that they will have to personally guarantee any credit extended to their business, especially if it is a new business. That is not [...]

photo credit: testa1250 Aged Shelf Corporations & ELOC’s can help protect & grow your businesses in many different ways. 1. Owners should convert existing personal businesses into corporations 2. Establish corporate history, trade lines, and protect personal credit and assets. 3. Owners want to establish business trade lines in the business name instead of using [...]

photo credit: World Economic Forum Calculating global income on commercial loans is all about figuring out the borrower’s TOTAL net income. In other words, underwriters want to know all of the borrowers sources of income and all of their expenses on all business, rentals, and personally. What they are trying to get at is does [...]

photo credit: shlomp-a-plompaCommercial loan underwriting guidelines come down to cash flow ( DCR), loan to value (LTV), credit worthiness and property analysis. Although the process to evaluate a potential commercial mortgage is basically the same from one bank the next, their various appetite for both risk and minimum rates of return are what separates one [...]

photo credit: JOE M500 Collateral – A borrower’s asset that is given up to the lender if the borrower is unable to pay back the principal and interest on the loan; making the lender the new owner of the collateral. Credit Score – A numerical expression based on the analysis of a person’s credit files, [...]

photo credit: SerendigityThe lending industry in a particular country is quite often a double-edged sword where most people are concerned. On the one hand, it does have the ability to lend a business a certain amount of money that the business can then use to accelerate its growth, paying the loan back from the growing [...]

photo credit: A. www.viajar24h.com Things are going along well for your business. Sales have never been better, debts are being repaid, and cash reserves, though modest, are starting to grow. Then the unthinkable happens; fuel costs go through the roof, the price of supplies skyrockets, and sales are showing signs of a steady decrease. Those [...]