You may be aware of this, but there a number of firms that can actively assist you as you looking for business loan. These firms are commonly known as loan brokerages. They work in a very similar capacity to that of a mortgage brokerage firm but with a specific focus on business loans. However, before [...]
Posts Tagged ‘business loan’
Business Loan Brokerages: Pros and Cons
Posted by on June 19th, 2010
Posted in Business Review 
Tags: advantage, amount, application, are, behalf, Better, better business bureau, brokerage, brokerages, bu, Bureau, business, business loan, business loans, business plan development, capacity, capital, collateral, Cons, credit, credit reports, development, diligence, dollar, due diligence, excellent credit score, fee, firm, focus, focus on business, formal application, industry, instance, lenders, Loan, loan brokerage, member, mortgage, mortgage brokerage firm, negotiation, number, plan, project, Pros, rate, request, retainers, score, several thousand, success, success rate, time, upfront, upfront fees 
Comments OffHow Does a Business Loan Work?
Posted by on June 15th, 2010
A business loan is an agreement between your business and a lender in which you agree to pay an interest rate on a specific amount of capital borrowed over a specified period of time. As we have discussed earlier, a business loan works very much in a similar fashion to a mortgage. You are lent [...]
Posted in Business Review Tags: accordance, account, agreement, amount, anything, anything in this world, bank, behalf, business, business loan, business loans, cannot, capital, cash, check, collateral, company, course, covenants, credit, credit decision, credit score, debt, debt funds, decision, different ways, equipment, factor, fashion, finance, finance companies, finance company, flow, guide, instance, interest, interest rate, latitude, lender, lending, life, Loan, loan proceeds, machinery, Maintaining, make, mechanics, money, mortgage, number, offer, period, piece, place, positive cash flow, principal, principal and interest, principal repayment, profitability, race, range, rate, religion, repayment, repayment period, sample, scenario, score, Someone, substantial number, time, usage, use, value, vendor, work, world Comments OffHow a Business Line of Credit Should Be Used
Posted by on June 3rd, 2010
Often, entrepreneurs ask how a business LOC should be used. In previous articles we have primarily focused on the different types of business lines of credit and how they can be used in conjunction with startup operations of a business. However, in this article, we will shift our focus on how a business line of [...]
Posted in Business Review Tags: acquisition, article, business, business line, business lines, business loan, business loans, cash, cash flow, changing hands, company, conjunction, course, CPA, credit, development, distribution, distribution business, equipment, estate, facility, financing, flexibility, flow, focus, inventory, inventory purchases, line, Loan, LOC, lump, lump sum, order, payroll, principal balances, professional practices, retailing, retailing business, revolving credit, SBA, scale, Service, Should, small businesses, startup, startup operations, sum, term, time, traditional business, type, use, Used Comments OffUsing the SBA 7a Loan for a Business Acquisition
Posted by on May 22nd, 2010
One of easier ways of becoming an entrepreneur is to acquire a business that has already been established by someone else. The risks related to acquiring a business are significantly lower than starting a business from scratch. Established businesses already have customers, an operating history, and hopefully profits as well. Additionally, obtaining a business loan [...]
Posted in Business Review Tags: 7a, accountant, acquisition, acquisition purposes, anticipation, are, balance, balance sheet, bank, becoming an entrepreneur, broker, business, business acquisition, business broker, business for sale, business loan, business tax returns, cash, cash flow statements, decision, diligence, due diligence, entrepreneur, fact, financing, flexibility, flow, guarantee, history, lending, Loan, loss, necessary components, order, owner, paperwork, place, plan, pre approval, profit, profit and loss, profit and loss statements, prospective business, sale, SBA, sba guarantee, sba loan, scratch, sheet, Someone, startup, tax, time, time business, transaction, Using Comments OffBusiness Line of Credit Versus Business Loan
Posted by on May 14th, 2010
The primary difference between a Business LOC and a business loan is that with a credit line you can draw down the principal as needed rather than taking on a debt obligation as one lump sum. You only pay interest on the portion of the credit line that you have drawn down. Additionally, with a [...]
Posted in Business Review Tags: account, accountant, amount, balance, benefit, best interest, borrower, business, business borrowers, business line, business lines, business loan, business loans, business purposes, capital, card, case, check, checking, Checks, CPA, cpa designation, credit, debt, designation, difference, everyone, exception, facility, flexibility, interest, line, Loan, LOC, lump, lump sum, manner, number, obligation, personal purchases, plastic, portion, principal, proceeds, purchase, reuse, SBA, series, small business, sum, supplier, supplier vendor, time, usage, vendor, Versus Comments Off