COVID relief funds still available for small businesses

Mortgage Underwriting Services are Inseparable Part of a Mortgage Process

If you are looking for a seamless as well as hassle free mortgage financing procedure then you should know the importance of Mortgage Underwriting Services. This particular term is in fact integrally associated with the procedure of mortgage financing. Having been a core process underwriting services might make an impact on the overall performance of a particular mortgage processing company.

Why Should Lenders and Brokers Hire Loan Processing Outsourcing Firms?

Mortgage loan processing is a tedious and time consuming task. In order to process a loan, a lending and brokerage providing firm needs to hire trained and expert underwriter as well as a support structure that can co-ordinate with each other to pass the applications of borrowers through different departments and close them successfully. So, if you are a broker or a lender and in case you are looking to save your money and time, then you could well opt for loan processing outsourcing services.

Is It Easier to Get a Bad Credit Business Loan or a Business Line of Credit?

Have you ever wondered if it is easier to get a bad credit business loan or a business line of credit? How does knowing the answer to this question help you find the most suitable type of loan for your small business? Find out more…

Cruise Ship Finance Basics

Prequalifying for a loan for a cruise ship or large marine vessel can be quite difficult for the first timer. The entire financing process starts out with a formal loan application. An application is given to a finance company, allowing them to conduct an inspection on your credit and confirm your personal information.

Everything You Need to Know About Debtor Finance

Debtor finance is a financing tool wherein your business gets a loan against your outstanding receivables. This helps release much needed working capital and facilitates smooth operation of your business.

Tips for Private Investors and Hard Money Lenders

Private lending also known as hard money lending satisfies the gap left by conventional banks. While private lenders have relaxed credit requirements and enjoy higher returns, they carry higher nonpayment risks. Some have adopted prudent lending techniques recently to minimize risk while others continue to practice the same old, riskier lending techniques to their peril. Inexperienced investors and lenders have been lured to invest in this lucrative but largely unregulated sub sector with promises of high returns that in many instances are never realized. As an investor or private lender, you must acquaint yourself with basic lending principles and, if in doubt, engage a credible loan underwriter to help you.

Tips For Analyzing Tax Returns and Personal Financial Statements

Analysis of tax returns and financial statements can be daunting. Lenders spend long hours analyzing them in an attempt to arriving at a near-accurate cash flow position of a borrower. A tax return contains numerous schedules and statements, all of which have to be combed through. An inexperienced credit analyst can easily understate a borrower’s cash flow and in the process deny the loan and vice versa. This is an art that must not be taken lightly. The following is one of a series of my five lending tips for lenders and useful insights for borrowers as well.

Tips For Borrowing Causes Part 2

Before applying for a loan, a borrower should be clear as to the reasons that may have caused the need for a loan. Lenders examine these causes in detail to determine whether they are legitimate, seasonal, temporary or permanent in nature. No prudent lender will lend money based on collateral availability or repayment ability alone. A lender must be satisfied that the borrowing causes meet the basic principles of lending and most importantly, their own lending policies. The following is one of a series of my five lending tips for lenders and useful insights for borrowers as well. The others are Borrowing Causes Part 1, What is Relationship Banking?, Account Receivable Pledged As Collateral, Balance Sheet Assets Pledged As Collateral and Analyzing Tax Returns and Personal Financial Statement.

Merchant Cash Advance – The Best Way to Get Quick Working Capital

We all know how difficult it is to get approvals for a fast business loan to tide over the immediate and long term capital issues that businesses routinely face. Now you don’t have to face the excruciating uncertainly of whether your loan application would be approved or rejected. Merchant cash advance is here. It works better than fast business loans. You can get approved for as much as $250,000 in cash within no time.

Why Factoring Is Important to Your Staffing Business

The most common reason a staffing company would finance its accounts receivable is to create more available working capital to operate their business. Generally, staffing employees or contractors expect to be paid weekly, yet client invoice payments are typically received from 30 – 60+ days from the invoice date. By utilizing factoring, the staffing company will receive cash right away that can help them meet their short-term working capital needs, including payroll, payroll taxes, and other cash requirements.

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