Tag Archives: loans

Business Commercial Financing Loan-Your Net Worth Impacts Your Loan

What is it that makes a good Real Estate by homesbythomas, on Flickr
Creative Commons Attribution 2.0 Generic License    by    homesbythomas  

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This entry was posted
on Thursday, July 21st, 2011 at 9:53 am and is filed under Uncategorized.
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Avoid risks using your credit cards for your business

In the US many people use personal credit cards to finance their business transactions. Business people are eager to use credit card accounts because their higher credit limits enable the business to access more cash toward business objectives.

An owner can avoid investing their own money while setting up a business by opting to use a credit card to tap into extra funds. But they should be cautious and exercise discipline to pay back the full monthly charge amounts otherwise face an insurmountable level of debt for the young enterprise.

Here are a few other risks involved with using credit cards that you should be aware of:

Accumulated debt: When using credit cards for business transaction, the owner risks spending money they may otherwise avoid if relying solely on cash. Therefore it’s advisable to track all your expenses and be aware of which ones were spent from credit accounts. Limit them to what you believe you will be able to repay in the next 30 days. If you will dedicate subsequent income receipts to be applied toward paying off your credit charges, then you avoid accumulating long term debt.

Fraud and Theft: Identity theft and credit card fraud are two serious risks associated with credit card usage, so be careful as to who you provide your account information to. Also be aware of the charges you make and confirm that your monthly statements do not contain others Charles that you did not make. Don’t pay for charges you did not make, which you are not legally responsible, but rather report them immediately to the lender.

Never disclose your credit card PIN number to anyone – it’s designed only to be used either at an ATM, through the telephone keypad or online.

Avoid prepaid credit cards (if you qualify): Apply for a regular credit card to avoid the risk of loss from misplacing or theft of a prepaid card. You can cancel a regular account card with a maximum $50 loss, but the prepaid account balance will be irretrievably lost.

Credit History: Avoid the adverse consequences to your credit history by paying all bills, especially credit card accounts on time or even ahead of schedule. Be aware that some low-interest accounts have a zero tolerance for your payments being received even being one day past the due date. Schedule it and all bills to arrive safely ahead of time to build and protect a good credit rating.

High interest rate: Late payments, poor credit histories and using the accounts for “cash advances” rather than purchases raise the interest rate charged by lenders. Payoff these sums as quickly as possible to lower borrowing cost and work toward performing better on your credit accounts to improve your score.

Christina Jones is a contributing writer to many financial publications and has written several articles on debt relief programs and Chapter 7 and 13c bankruptcy. Her expertise is in debt finance.

Charles H. Green is Executive Director of Small Business Finance Institute that educates business owners about finance. He is the author of The SBA Loan Book, 3rd Edition (Adams Media).        

 

 

 

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Apartment Building Loan – Cash Out

Askirikegatan, housing by La Citta Vita, on Flickr
Creative Commons Attribution-Share Alike 2.0 Generic License    by    La Citta Vita by Brian Peart
 

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This entry was posted
on Monday, July 11th, 2011 at 12:31 pm and is filed under Uncategorized.
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Commercial Loans – Capital Constraint Still Continues…

Peden Warehouse, 700 N. San Jacinto, Hou by accent on eclectic, on Flickr
Creative Commons Attribution 2.0 Generic License    by    accent on eclectic  

Wishing you the Best,

Karen Schimpf
Phone: 512-650-8630
Toll: 866-400-8630
Web Site: www.ApplyCommercialLoans.com

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This entry was posted
on Monday, June 27th, 2011 at 2:01 pm and is filed under Uncategorized.
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$600,000 Cash Out Investment Property Loan

Hubs Resturaunt by Zol87, on Flickr
Creative Commons Attribution-Share Alike 2.0 Generic License    by    Zol87  

Investor single tenant restaurant deal-borrower wanted $600,0000 in cash out. Because he was an out of state investor, no local bank or Credit union wanted to touch him. But we found a source and got him a fantastic rate to boot….

When you need cash out, we are the best source in the country.

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This entry was posted
on Monday, June 20th, 2011 at 1:49 pm and is filed under Uncategorized.
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Did You Know Your Lender Is Also a Borrower?

Businesses seeking borrowed funds need to be cognizant of the cost of  leveraged money. Understanding how lenders determine and assess borrowing costs, or interest, gives the owner a tool with which to further evaluate the feasibility of borrowing money. Read More More
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Be Interested in the Interest Cost

Businesses seeking debt financing need to be cognizant of the cost of leveraging money. Understanding how lenders determine and assess borrowing costs, or interest, gives the owner a tool with which to further evaluate the feasibility of borrowing money.  

Knowing how interest rates are determined is also useful for developing strategies to lower interest costs where possible and for knowing when the best rate has been negotiated for your situation. Read More More

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Commercial Property Loan – Is This a Good Time to Purchase Your Office Building?

Yes! Not only is a great time to purchase your commercial real estate building due to the low values but SBA has extended waiving the SBA 3% fee until March 4th (or until funds run out). Your loan does not have to close in the next couple of months… it just has to have been approved by the bank and SBA for funding without fees. What this means is you will have more purchasing power so ACT FAST by give us a call today at 512-650-8630!

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This entry was posted
on Wednesday, January 5th, 2011 at 5:25 pm and is filed under Uncategorized.
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Commercial Business Loan – 25 year fixed rates

Commercial Building by LHOON, on Flickr
Creative Commons Attribution-Share Alike 2.0 Generic License    by    LHOON  

Our in-house  Commercial Business Loan  now has 25 year FIXED rate.   Owner occuppied properties are going as high as 90%  loan to value. The 90% loan to value will allow many to refinance your commercial mortgage.    We can also consider Non-Recourse on sba business loan owner occupied deals that are very strong on cash flow and, at a low LTV(50%). We don’t source, season funds and, most importantly – we CLOSE in 45 days or less!

Give us a call today to get you either into your property or to refinance your property at 512-650-8630.

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This entry was posted
on Monday, May 23rd, 2011 at 10:22 am and is filed under Uncategorized.
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Let’s Face It, It’s A Different World

In the today’s globalized world, ease of movement has never been greater, and it is sometimes difficult for persons of different origins to communicate effectively. America has always had a multicultural social fabric, with the historic swelling ranks of immigrants growing our population since the very founding of the 13 colonies.  

Today our cultural mix continues to be a blur of a faces with many different features. Distinguishing Burmese from Vietnamese, Austrian from German, or Nigerian from Ghanaian can be challenging for the average American without practiced interaction. Read More More

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