Hard Money Loans

AHN News Staff London, England, United Kingdom (AHN) – Hong Kong and Shanghai Banking Corp. plans to double the basic pay of senior investment banks to get around tightening European Union rules on bonus payouts. Those who will benefit from the scheme are HSBC bankers in London, New York and Hong Kong. In exchange for [...]

The body found by duck hunters on Sunday in Lake St. Clair belongs to missing Community Central Bank President and CEO David Widlak, according to the Macomb County sheriff. View full post on Banking Stories

Lets review. As we know, the defaulted borrower of an SBA guaranteed loan must present his Offer in Compromise to his lending banker for review and ratification and then for him to send it over to the SBA for final consideration. If deemed acceptable and appropriate, it is then sent over to the SBA where it is decided with a response to the borrower being: yes, no, or a counter-offer is provided.

Even though entrepreneurs know their product and have a great desire but many will have experiences and loan turndowns simply because of poor communications and education. The banker’s lack of information about your business goals and needs and your not supplying correct information result in his/her not having a clear picture of your intent.