Mayor Gloria Announces Award of COVID-19 Relief Grants to Local Small Businesses and Nonprofits

Will Commercial Lending Slow, Due to Recent Negative Economic News?

We have seen steady increases in originations in virtually all fronts of commercial lending in the last year. Is all of this momentum and good news about to disappear due to the struggling national and global economy? For example, SBA loans are up and are about to run out of its allocated capital before their fiscal year end (September 30th 2011), and conventional investment property loans are up over 107% in 2nd quarter 2011 from the same period a year ago (according to the Mortgage Bankers

Using Credit Cards to Start a Business

In this article we discuss using credit cards to start a business. We also thoroughly discuss the risks associated with this type of financing.

Delusional Financing

The adage, “if it seems too good to be real, it usually is” applies to financing offers which are outside of the industry standards for qualifying and approving requests for capital. Watch out for deals which engage you with a super-one-time-only program and then becomes so complex that you’re likely to accept a marginal finance offer due to emotional fatigue.

How the SBA Works

This is an article that focuses on how the SBA Works. Additional information regarding how to obtain small business loans is provided.

Unsecured Business Loans – Finance Your Business With Low Risk Funding

Business loans are basically of two types – secured and unsecured. Just as the name suggests unsecured loans are those in which the borrowers do not have to pledge any property or asset against the sanction of loan amount.

Car Wash Construction Loans – Do Your Homework Before You Apply

If you’re looking to obtain a car wash construction loan you might be wondering why they are so difficult to obtain. There are numerous reasons for this, not the first of which is that commercial construction loans are difficult to do to begin with.

Car Wash Financing – SBA Does Not Stand For Slow Bank Approval

Some of you that have applied for car wash financing in the past might think that SBA stands for “Slow Bank Approval.” While it is true that you might be able to get approval from a local bank sooner, most of the larger SBA lenders have a very good underwriting process. If you approach a local bank that only has a few branches frequently they will be able to approve your loan quicker.

Low Interest Business Loans – Are They Worth Choosing?

No matter what the state of economy is, almost every entrepreneur needs business loans some time or other in business life. Also, any business owner would prefer to get the loan at lowest possible rate of interest available.

Business Loans – Get Approved for the Loans

Well, you have decided to start your own business and be your boss. Sounds really great, but have you thought from where are the finances coming from? Do you have enough funding to start, run and maintain everything properly?

Business Loans And The Process Of Documentation Required

Business loans are usually obtained after lot of documentation and verification. If you approach a bank for this type of loan without any document and planning, you will be immediately turned down.

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