Unsecured Finances Small business loans, Start up business loans, Personal loans

Loan for debt consolidation

admin — Wed, 15 Feb 2012 22:13:26 +0000

Many of you may be asking how can i reduce my total credit debt obligations. My house is worth 1/3 of what it used to be and i have no other assets. The way that credit cards work is they are compounded daily meaning if your bank says the rate is 16% the real rate is around 19-20%. They call this compounded interest and its a great way for banks to retain huge profit margins. They may be able to reduce your rate but why would they. The only legal way to get rid of your credit card debt is thru a bankruptcy which many people won’t do or through credit card consolidation buyouts which is costly and makes your credit sink even more.

OTHER OPTIONS
Bankers and loan providers are divided into different sections based on whether they are public or private, their stocks, their board of directors and how adverse they are to risk. A lot of small mom and pop shops have sprung up to assist clients with debt consolidation. They need capital to grow and they have a certain niche that they market too.
Some of them only accept people in certain areas of the country while some only loan to clients with certain occupations or affiliations. For more information on our personal loans contact us at 888-294-2584.

No documentation business loans

admin — Sat, 28 Jan 2012 18:34:58 +0000

In today’s economy businesses are having problems getting financing under the business EIN #. Because of the economy a lot of banks don’t want to lend to people if they don’t have the assets needed to put up as collateral for the loan. If you want it under the business EIN # you are going to have even more problems because banks don’t want to lend directly to your business because they fear you will bankrupt the company and they will be left with nothing.

NO DOCUMENTATION LOANS ARE NOT DEAD

Because of the way banks are chartered there are a few niche banks that will put the loan only under your EIN # with a personal guarantee. The key is you have to be in the right industry. There are some industries where its harder to get a business loan but there are a few banks that will finance these type of industries. People in the real estate, mortgage, and construction business will have a rougher time getting the loan. The banks that specialize in no doc business loans understand that in many industries people make a lot of money but because of their industry they have a lot of write offs and don’t show a lot on the books. Some of these banks will add back depreciation and amortization while some of them will use your gross sales no matter what you show. In the end going to the right bank will save you money on the rate which equals big savings over the life of the loan.

For information on our products call us direct at 888-294-2584

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Start up capital

admin — Fri, 27 Jan 2012 22:26:40 +0000

A lot of people are asking how someone gets money to start up a business that they have no experience in. Start up business loans are one of the hardest loans to get. The bank wants to lend you money, they reap a huge profit if you pay the loan back. Unfortunately most people don’t know how to put their best face forward when it comes to the application but more importantly what bank to go to to fulfill their needs.

DIFFERENT TYPES OF BANKS

All banks and lending institutions are monitored and controlled somewhat by the federal and state government and their corresponding agencies. However, with 2000 plus banks throughout the United States each bank operates differently according to whether they are publicly listed, their internal business structure (CEO, CFO policy’s) and what type of industry they like to lend to. Other reasons why some banks are lending and other aren’t are what their internal books look like and their aversion to risk.

TWO DIFFERENT WAYS TO GET START UP CAPITAL

The 2 different ways to get capital is either through a secured loan or an unsecured loans. The secured loan mean your will put something up for collateral such as a house, car, or equipment. You have to have equity or trapped value in what your putting up or the bank won’t accept it. The unsecured loan or unsecured line of credit may be the better way to go. Most of the time you need a minimum of a 660+ credit score. There are 3 different type of credit scoring systems Equifax, Experian, and Transunion. All three of these companies compute your scores in different ways and different banks use one, two, or all 3 scores to determine your ability to pay back the noted.

Once you decide whether you can go secured (asset based with equity) or unsecured (you have the credit to sign or know someone that does) you have to decide how much money you need for initial costs as well as ongoing costs before you start to make a significant profit. The amount of money you will receive in financing as well as the interest rate and the bank will determine whether starting your own business is a feasible option.

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Safe payday loans

admin — Sun, 01 Jan 2012 18:23:39 +0000

There is a huge market for payday loans now, the economy has left people living paycheck to paycheck. The problem with payday loans is that the interest rates on them are around 66%+ due to the way the payday loan is calculated. A payday loan is an extremely short loan where the lender takes a little piece of the principal and the interest back everyday. There are a few small companies out there that will give you longer term loans up to 24 months for up to $5,000. One of the best companies to go to where the interest rate is manageable is Great Plains Lending. There is no prepayment penalty and in this way you can use the emergency cash and have a little bit of breathing room. There is a definite need for payday loans, but there are options out there to help you stretch your emergency cash. Call us at 888-294-2584

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Home based business financing

admin — Tue, 27 Dec 2011 16:29:37 +0000

The hardest part about getting financing for a home based business is how do you get the initial capital to buy the things i need. Some of these items can include computers, printers, web sites, marketing materials. When you go to the bank most of the time they want to see a business plan, two years of tax returns, and projections of your sales or services. If you are a start up business based out of a home then you will have even a harder time getting funded.

OPTIONS FOR HOME BASED BUSINESS FUNDING

Our company works with over 1500+ banks and there are a few select choices when it comes to funding a home based business. We have access to not only your FDIC insured banks but also pension fund investors, angel investors, credit unions, niche money funds as well as individual investors.

ACCESS TO CAPITAL

The capital that you will receive will be based on about 25 different factors that we will go over with you. Our consultation is free. Some of these factors include what business you are trying to start, your experience in that field, your location, your credit and local economic data. If you are interested in a free consultation fill out the quick application below or call us at 888-294-2584.
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Specialty states for Personal and Business loans-CA, AZ, AL, FL, NM, CO

admin — Sat, 24 Dec 2011 03:32:38 +0000

There are a few states where a combination of banks, pension funds, and individual investors along with pro-bank laws have made it a great place to get a

unsecured personal loan or unsecured business loan. These states either have lower interest rates compared to the rest of the country or some of the banks of these states will accept a lower credit score due to economic or government regulation. These specialty states are Arizona (AZ), Florida (FL), California (CA),Texas (TX), New Mexico (NM) and Alabama (AL), Colorado (CO)

If you have any questions or would like to apply for one of our unsecured business and personal loans fill out the quick application to the right or call us direct at 888-294-2584
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Business builder program-loans up to $150,000-Any credit score allowed…..

admin — Fri, 23 Dec 2011 16:08:43 +0000

In today’s economy banks are unwilling to give out unsecured business and personal loans and lines of credit to people who have not demonstrated good credit tendencies. Most of the banks cut down the credit limits of those who needed it most based on the fear that even their good credit clients would default. This is of course lowered credit scores again and made it impossible to get unsecured personal or business loans.

BUSINESS LOANS WITHOUT A PERSONAL GUARANTEE

There is a way to establish business credit without being personally responsible. The program is called the business credit builder and its a way to build business credit and financing choices only under the EIN # of the corporation. It’s done by going through a 4 tiered business loan builder process with each tier level building higher and higher dollar amounts until you reach your limit.

HOW MUCH CAPITAL CAN I GET?

Most clients will see an average of $80,000 dollars, but we have seen clients get upwards of $150,000. The best part of the business credit builder is that you can use the money for whatever purpose that you want. Rates are going to be 8% to 14% and all of these cards are open ended business lines of credit under the EIN of the company with no personal guarantee.

DRAWBACKS OF THE BUSINESS BUILDER LOAN

The only drawback of the business credit builder program is that it takes anywhere from 6-9 months to start seeing major money. Just like when you started building your personal credit profile it takes a while to establish business credit profiles. The good news is you can use multiple companies to get as much money as you need. All of the work is guaranteed.

For questions related to our product call us at 888-294-2584

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No income documentation available-Buying real estate in the Florida Market

admin — Mon, 12 Dec 2011 04:08:49 +0000

The Florida real estate market especially on the west coast of Florida and in Broward county are selling for pennies on the dollar. Overbuilding and the lack of jobs to support the local real estate market has made many homeowners just walk away. Bad for the banks but great for you. Now those once expensive properties in the sunshine state are becoming so cheap that anyone can pick them up for next to nothing. The problem is how do you get the money to put down to purchase these properties. If the house needs repair but is still structurally sound the bank is not going to give you the money to fix it before you buy it. The problem is you cant buy it unless its in livable condition. If the property needs $10,000 to $20,000 of upkeep you can negotiate with the bank to let it go for even cheaper. The bank doesn’t want it but they do want 2 things. The house has to be in livable condition before the bank sells it to you or if the house has passed the condition test you will need to put money down. Most of the loans or lines of credit that we have are around a 8% interest rate and a 5 year fixed term. There are no hidden costs and the rates will never go up. The money can be used to invest in these properties increasing your net worth. We can get it done as a business loan or a personal loan. The good news is with our cheap rates along with the cheaper rates for taking over the property and getting it off the banks books you can invest in a long term product that eventually will go up. Real estate is always a good hedge for inflation even in a downward economy. What goes up must come down and vise versa. There will never be a better time to buy real estate at these record prices. For a free consultation call us at 888-294-2584. We are looking for good credit but do have banks that will finance you without taxes returns and a 660+ score
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applying for a small business loan

admin — Sun, 11 Dec 2011 21:53:03 +0000

When applying for a small business loan through a bank, a few prerequisites have to be met. First the bank is going to look at the personal credit of the client. Next they will look at the business credit of the company pulling a Dun and Bradstreet report. Other items may be needed including assets or collateral. There are 3 different credit reporting agencies and each of them will have a different score and different ways of measuring your credit history. Once you get through that you have to worry about the internal scoring system that banks use. Underwriters at different banks use different criteria to figure out if you are able to pay back the note. Yes all the banks wish to have clients that have an excellent score but the reality is most clients have decent scores with a few problems in their past. This has to do with our economy and how every industry is tied together one way or another. Most clients can get some sort of financing for their business. If you would like a free no obligation consultation call us direct at 888-294-2584.
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