Hard Money Loans

Linda Young – AHN News Writer Cape Canaveral, FL, United States (AHN) – NASA was expected to lay off at least 1,200 space workers on Friday and up to 9,000 could lose their jobs as the space shuttle program ends. The job cuts on Friday come despite the United States Congress passing legislation to authorize [...]

The recent credit crunch has caused banks and other traditional lenders to tighten their underwriting standards. Financing for start-up and small businesses has become more difficult to obtain. Now, more than ever, entrepreneurs have to be a little creative in seeking financing. If you are a business seeking financing here are few sources that may [...]

Many business owner and other professionals in the commercial mortgage industry are surprised to learn that the SBA does allow refinances through the 7a program and their rate does not have to float. In terms of what situations qualify for the refinance, it boils down to taking borrowers out of a difficult situation. For example, if the borrower is in a hard money loan they’ll qualify.

In these troubled economic times, the question is whether any bank or financial institution is making loans to small businesses. This article we will discuss what loans are available in light of the new Stimulus Bill as to the creation of a secondary market.

In order to give a boost to the spirit of entrepreneurship of its citizens, the federal government provides business loans to individuals to help them start a small business. The governments Small Business Administration (SBA) handles these loans usually by acting as a guarantor for loans provided by other institutions. In rare cases, the loan is provided directly by the SBA.

SBA 7a loans have been all over the TV, papers and internet lately. Though this is the most popular program for the SBA it general resides under the radar and very few people know what it really is and what the real benefits of the program are. The current hype is largely due to the Stimulus Package, but what is the program really all about?

Currently we are seeing decline rates at, literally 90%, from banks here in Michigan. Meaning that 90% of all commercial loan request that come in the banks doors are being turned down. 50% – 60% of these potential commercial mortgages probably make sense from a traditional underwriting perspective, but the banks are not willing to take the chance as loses continue to rack up and take their toll.

If your small business is in need of a loan, find out what options are available for you. Capital funds may be just what your business need for growth.