Financing

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How healthy is your company's commercial mortgage?
Monday, May 5, 2008
Do you own the building in which your company does business? Now may be a good time to re-evaluate the terms and conditions of your current building loan. Residential mortgage lending is on the decline due to the current status of that market, but commercial real estate loans, particularly for owner/users, are still very much available and are being offered at competitive interest rates. Commercial property owners should take the time now to review the interest rate, maturity and amortization period of current loans, as well as any other conditions imposed due to your credit situation at the time your loan was obtained. In many instances, improvements in your credit standing have been made over time and you and your company may benefit from refinancing your current real estate mortgage with better terms and conditions. Click through for details.
 
What's on your credit report may be affecting your cash flow
Wednesday, March 7, 2007
Do you know what is on your credit report? A study released by the U.S. Public Interest Research Group found that 79% of the consumer credit reports surveyed contained some kind of error or mistake. Other studies have reported different figures, but the pattern is clear: there is a significant negative error rate among credit reports. If you don't know what is on your credit report, your ability to obtain credit may be hindered and you may be forced to pay a higher interest rate as a result of an inaccurate credit score. If your credit report is incorrect, you may wish to invoke your rights under the Fair Credit Reporting Act to review and correct your credit report. Click through to review how your credit score is caluclated, and what you can do if it is wrong.
 
Simplify the financing process with this handy list (and the help of an expert)
Thursday, January 4, 2007
At some point, most companies require financing to expand the business, provide working capital to fund intra-monthly cash flows or sustain the business through lean times. Obtaining financing can be a difficult, time consuming and vexing process for the uninitiated. However, financing can be obtained for deserving companies if comprehensive information in a proper presentation is conveyed to the lender. Financial statements are only a starting point. The loan approval process not only focuses on detailed information that goes beyond the scope of the statements, but also on the reason for the loan and, most importantly, on your ability to repay the loan. Your future plans, management staff and several other factors are also explored before a loan is approved. Click through for a list of items that you will need to get ready before you submit your loan application.
 
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