Business Loan And Business Finance - What You Need To Know
- Length: 3:56
- Views: 83
- Author: Columbine219425
Business finance for commercial real estate and businesses varies from residential financing in more than 25 different and critical ways. It is clear that residential real estate investors are evaluating business financing and commercial real estate opportunities. This commercial mortgage and business opportunity financing report should be helpful to new commercial investors in educating them about important commercial loan and commercial real estate loan factors. SBA Loan Financing The availability of SBA loan programs is an important and useful aspect of many business financing strategies. There are also critical limitations and potential problems with Small Business Administration business finance programs. Some commercial borrowers will benefit significantly from SBA loan financing, and it is equally likely that many business borrowers will either not qualify or should avoid such business loan programs. Business Opportunity Financing - Business Finance Strategies Because it involves the financing of a business without real estate, a business opportunity business loan can be difficult to arrange. Traditional business finance approaches are not workable. Several terms such as down payment requirements will be different in comparison to a commercial mortgage with commercial property as collateral and there will be fewer qualified lenders. Balloon Payment Business Finance Requirements Balloon payments are used by some commercial lenders as a replacement for a valid long ...
One of Fourteen -- Small Business Capital is the Latest SBLC to be Licensed by SBA
- Length: 2:11
- Views: 364
- Author: ColemanSBAMedia
Bob Coleman Interview with Mark Feathers, President & CEO, Small Business Capital Corp. Bob Coleman: The track record for SBLC's is shoddy to say the least, what is in your business plan that makes you different? Mark Feathers: I served four years in the Navy for Uncle Sam as an Officer working out of the bay area and two years working for Uncle Sam as a loan officer for the SBA. I still consider myself a quasi public agent, if you will, a public employee. I like to think in terms of how I am benefitting my community, how am benefitting small businesses, how am I partnering with the government to deliver an incredible product. I've done numerous other bank products, by far this is the best banking product in my opinion. Bob Coleman: What are your goals? Volume? What are you looking to do in 2010 and 2011? Mark Feathers: We would like to be in the top five 7(a) lenders in the bay area starting in FY 2011. We are looking at $10 million for 504 loans and $30 million for 7(a) loans. Bob Coleman: How does this feel to be running your own shop? Mark Feathers: A lot of people ask me, 'How long did it take to get this license?' and they expect to hear 4 months. And I say, 'It took 18 years!' That is when I first started thinking about this license in 1992 when I was at SBA. So it's an 18 year dream come true.
Celtic Bank Offers SBA CAPLines -- A/R & Inventory Financing
- Length: 1:48
- Views: 16
- Author: ColemanSBAMedia
What is asset-based lending? Asset-based lending can be defined as working capital financing secured by a business' current assets (receivables and inventory). As most wholesale-type and service-related businesses have to offer credit terms to their customers to remain competitive, asset based loans are used primarily as a bridge to cover these cash flow gaps. What is factoring? Factoring is the outright purchase of accounts receivable at a discount for cash, with or without recourse (without recourse means that the factor assumes the credit risk of non-payment by the client's customers). However, most factoring companies only provide factoring services on a full recourse basis, meaning the customer is liable for account debtor non-payment anyway. A factoring company typically handles all of a customer's back-office work (primarily credit and collection services), though the cost of this is typically very high. Most factoring services are offered by non-bank finance companies. What are the differences between asset-based and factoring lending? Typically, asset-based lending is not as intrusive into a borrower's business as factoring is. Also, asset-based lending can be offered at a significant discount (as much as half) and involves only select back-office work as opposed to daily meddling. What are the advantages of asset-based lending? Asset-based lending allows companies to (a) take advantage of early pay discounts with vendors, (b) make payroll or hire additional ...
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