09 Apr

Should the Federal Reserve Bank be pushing for more consumer and commercial real estate borrowing?

Author: admin  //  Category: Commercial and Business Loans  //  Comments (5)  //  Add Comment

There is a " Term Asset-Backed Securities Loan Facility " whichi is supposed to " get credit flowing more normally again," It is for a $1 trillion in lending for households and businesses, especially commercial real estate which is not doing so well lately

"Under the program, which got off to a slow start in March, the Fed provides loans to investors. They use the money to buy newly issued securities backed by auto and student loans, credit cards, business equipment, commercial real estate and loans guaranteed by the Small Business Administration."

Do you think this will get us out of the recession, or do you think it will get us into deeper trouble?

http://news.yahoo.com/s/ap/20090925/ap_on_bi_ge/us_bernanke

The phrase "get credit flowing normally again" is throwing a red flag for me. "Normal" credit flow for the last decade has been irresponsible…..I say stick to straight-edge lending. It may take longer to boost the economy, but at least it won’t be an artificial boost that will end in another credit bubble bust.


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08 Apr

How does a high street entrepeneur work?

Author: admin  //  Category: Commercial and Business Loans  //  Comment (1)  //  Add Comment

I have known a few people who run their own stores or small restaurants. They not that ambitious but work all the time, non stop, 15 hrs a day. Nor do they have any plans to expand their business.

But how does an entrepeneur go from one outlet to many? How do they keep an eye on the proceeds and where does the investment come from?

I assume they take out a commercial loan, run the business until its profitable, hire a manager and move onto the next outlet where the do the same thing. So if the first outlet is making $40,000 net profit, do they take a cut of say $10,000 as their salary, pay off some of the commercial loan and then reinvest the remaining capital into setting up a new outlet with the remaining capital funded by a financial company. Is large amounts of debt a big problem for burdening entrepeneurs.

I suppose if they have 10 outlets and take home $10,000 for each one, $100,000 a year is not a bad little earner.

THAT IS EXACTLY HOW THEY DO IT . VERY ASTUTE YOUNG MAN .


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07 Apr

Smal Business Loan – No Doc Commercial Loan

Author: admin  //  Category: Commercial and Business Loans  //  Comments (0)  //  Add Comment

http://www.CommercialMortgageTips.com Are you opening or expanding your business? Need the money to get the job done? Try a true No Doc Commercial Loan. Yes, a true No Doc Loan! Call 561-208-6469 NOW!

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07 Apr

Banking industry: commercial credit: will these aftershocks collapse the American economy?

Author: admin  //  Category: Commercial and Business Loans  //  Comment (1)  //  Add Comment

In the easy credit days of 2005 and 2006 business loans were typically made on five, seven and thirty year notes.

The 5 yr. notes created in 2005, come due in 2010 – but typically they will not be able to refinance and are presently at risk of foreclosure if they cannot sell the property to pay of the note.

The 5 yr. notes created in 2006, come due in 2011 – but it is unlikely they will be able to refinance and will be at risk of foreclosure if they cannot sell the property to pay of the note.

The 7 yr. notes created in 2005, come due in 2012 – but, unless a dramatic economic recovery occurs in 2010 and 2011, they will not be able to refinance or sell either.

The 7 yr. notes created in 2006, come due in 2013 – but, unless a dramatic economic recovery occurs in 2010 and 2011 and 2012, they will not be able to refinance or sell either.

Nor do I believe that the US gov’t can keep funding bail-outs,

Yes this is a HUGE problem.

The banks were also offering ARMs and liar loans in ’05/’06 that are resetting. Heck, FHA is still selling nearly zero down loans.

Last year banks closed down thousands of open business credit lines for no reason, payments were being made.

This year they have been told by the FDIC to CUT business loans even more.

Those loans and businesses are EMPLOYERS.

We are no where near the "bottom" of this mess.

Pray it doesn’t end in anarchy.


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05 Apr

COMMERCIAL LOAN

Author: admin  //  Category: Commercial and Business Loans  //  Comments (0)  //  Add Comment

http://www.lendinguniverse.com provides commercial loan and list of commercial loan lenders originating SBA loans in California Florida and all other states. At http://www.lendinguniverse.com/BorrowersSBA.asp complete our simple form and we will deliver you fast, accurate multiple results for lenders arranging US small business administration loans. We are neither a lenders nor a broker we give borrower tools to find and track and compare all the negotiations. Lenders compete- You decide.
SBA LOANS
The commercial loan programs are operated through private lenders that provide loans which are, in turn, guaranteed by the SBA. Financial institutions offer SBA Loans to businesses that will successfully apply it towards ensuring the long-term success of the business. For this reason, qualifications for an SBA Loan differ from those of other types of loans, in particular, there is less of a burden on the borrower to demonstrate collateral and cash assets.
When the SBA helps your business acquire a loan, it is understood that you will pay back the loan on a lengthy schedule of smaller payments. Many SBA Loans are expected to go towards acquiring materials, equipment, or property necessary to carry out the expansion of an existing, successful business. Most of these applicants have a business that despite bringing in steady income lacks in capital. The application process varies depending on the type of SBA Loan being sought, and in fact there are several types of loan programs. The rates and limits also vary based on the loan program.
SBA COMMERCIAL LOAN
In order to expand your commercial business without overextending your finances, it may pay to consider an SBA Commercial Loan. A great feature of these loans is that unlike many other types of loans, Commercial Loans backed by the SBA may be granted even in cases where a borrower can only supply limited collateral. The benefits of securing an SBA Commercial Loan in order to expand your business are obvious: the reduced risk to your lender allows for larger loans, paid back over a longer period of time.
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05 Apr

Loan qualification for residential/commercial property?

Author: admin  //  Category: Commercial and Business Loans  //  Comment (1)  //  Add Comment

I currently own a business (dance studio) in a space that I rent. I’ve just found out that my building is being sold to be torn down for a Walgreen’s to be built. I’m also currently looking for a home to purchase. I found a property that would meet both needs. It currently has a large yoga studio and a second building with living space. The property is out of my personal price range for a home, but if I consider what I currently pay for monthly rent for the studio, I could easily cover the monthly payments. Is there any type of loan that could be used for both? Should I try to get a small business loan and rent from my own business? I’m fairly sure I can’t qualify for a personal loan for the price. If you have any ideas about how I could possibly make this work, please let me know.

You can avail housing loan based on your business turn over for a long term repayment. Approach Banks.


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04 Apr

Business Loan?

Author: admin  //  Category: Commercial and Business Loans  //  Comments (2)  //  Add Comment

Would a loan for about $700,000 for a commercial fishing boat, gear and start up capital be considerd a small business loan?????

um no… thats standard for a regular business… think about it, its a mil….


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03 Apr

commercial mortgage business loan commercial mortgage florida

Author: admin  //  Category: Commercial and Business Loans  //  Comments (0)  //  Add Comment

http://www.CommercialMortgageTips.com Meet Your Commercial Mortgage Expert. He Will Get Your Commercial Mortgage Financing Done! Your New Source For Money Is Here! Call Toll Free 1-800-553-3442 NOW!

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03 Apr

How do I find information on government grants and/or government loans for starting up a new business?

Author: admin  //  Category: Commercial and Business Loans  //  Comments (4)  //  Add Comment

I am in need of funding for business equipment and software to start my own business from home. I have seen commercials regarding government money being out there and available for all sorts of reasons like, business start up, buying a home, renovations, debt consolidations, etc. But, these commericals are advertised by people who want a fee for the information on these grants and loans. I have always figure that if they could find this information then I should be able to also. And, I have looked on and off for awhile now and can only find information if I pay a fee to someone else. Does anyone have any suggestions or has anyone actually received one of these loans and/or grants?

It is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK – lots and lots of it, that is why a cottage industry of grant writers was born.

Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov – these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.

Even if you buy books on "how to get grants" or list that supposedly has information on grants — all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same – hardly any grants for starting a for profit business.

Even SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html…

"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."

Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT – Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program

Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women’s Business Ownership Assistance that are given to those who will create women’s business center that will train women entrepreneurs

For private grants, you may want to check the Foundation Center’s Foundation Grants for Individuals Online. It’s a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I take it they also don’t have listings of private foundations who give grants to would-be entrepreneurs.

You stand a better chance of getting a government loan. For government loans, read the requirements of SBA: http://www.sba.gov/financing/preparation/requirements.html


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02 Apr

Looking To Obtain Small Business Loan W/ Bad Credit.?

Author: admin  //  Category: Commercial and Business Loans  //  Comments (4)  //  Add Comment

I just started up a commercial cleaning company up recently and at the moment it’s a home based business.I have bad credit but,I know I can get SOME kind of business loan even if it’s a couple of thousand dollars.I live in NY so can anyone point me in the right direction?There are Altot of upfront costs that we could use some assistance paying.

In today’s lending environment (08/2009), a managing member of the company needs to have a decent (680+ FICO) credit score to obtain a business cash line of credit or a business credit card.

If you can use a credit partner, then you can obtain thousands of dollars in business credit that will not show up on your credit partner’s personal credit report. The credit line will show up on your business credit report.

However, there are a few companies, like Staples and Home Depot and BP Gas (in NY) that will offer small lines of credit to your company (get the store card, not the visa/mastercard), without reviewing your personal credit score. This will allow you to get a couple of thousand dollars.

A company I found that offers cleaning supplies to business is www.cleaningstuff.net. You can pay by purchase order instead of paying upfront. Most likely, the full amount would be due in 30 days though.

Lastly, I recommend you get your business duns number. It is basically your business social security number. To obtain small business loans down the road, you will need to have this number and have a few business trade lines report to it; that you pay on time.

-Joe Lawrence
http://www.businesscreditworkshop.me


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