Easy finance for commercial purposes

Business or commercial ventures can only function, if covered properly with financial resources. Finance is important, as it enables the owner to tackle all the needs and demands. However, there comes a time, when there is a temporary monetary crisis, which makes it even more difficult to sustain the necessary expenses. It might severely damage the prospect of maximising the profits. Amidst this financial chaos, the only viable solution that can really play a significant role is that of unsecured business loans. With the assistance of these loans, the business owners can easily avail the much needed cash required, so as to overcome the monetary problems.

As far as business loans for women are concerned, one gets to avail the sum of amount, without the need of pledging any precious asset as collateral. This risk free financial option is also made available to applicants such as tenants and non homeowners, who do not own any asset. Further, this option of the loans is ideal for those who are in need of a limited amount and that too for a relatively short term period. The loan amount is made available on the basis of certain preconditions. Only after assessing the income and repaying capability of the applicant, the loan amount is released. Normally, the applicant has to produce documents related to ownership details, tax and bank statements, purpose of availing the loans and so forth, while applying for the loans. If everything is found to be in order, the approval comes without any further delay. Further, the loan amount can be utilised to serve expenses on needs such as:

1. restore and renovation of machinery and tools
2. Purchasing raw materials
3. paying wages
4. Clearing old debts

In order to derive these loans without any hassles, it would be optimal to make use of the online application mode. Moreover, applicants with serious credit disputes too can apply online, in order to get the best offers.

Unsecured business loans let the applicants to prosper their business in a manner that meets the need and requirement of all the users.

Overcoming Business Loan and Commercial Mortgage Finance Problems

One of the most difficult small business loans scenarios occurs when a commercial borrower is rejected for either a commercial mortgage
or commercial loan. There are five specific reasons that account for a healthy majority of business finance rejections. These common business financing application problems are particularly applicable to commercial real estate investment property financing.

Commercial borrowers are likely to be confused when their commercial loan application is turned down and will probably be unsure as to why it happened and what to do next. For each of the five major reasons that a bank might decline a commercial mortgage, a practical strategy is provided for converting the declined commercial real estate loan into an approved business loan.

Two reasons (tax returns and business plan requirements) could impact virtually all businesses. Many business loan officers will begin their unsecured business loans and commercial mortgage review process by stating "We will need to see at least three years of tax returns" and "Can you show me your business plan?" before proceeding.

Commercial projects are frequently too unique for traditional commercial banks. In these situations (even if a commercial borrower has favorable tax returns and an adequate business plan), it is not unusual for the business owner to be declined for a commercial mortgage loan by a traditional commercial lender.

The reasons described do not involve unusual issues. It is likely that two or more of the reasons will be applicable for many commercial loan situations.

Commercial Mortgage Rejections: (1) Special Purpose Commercial Real Estate -

Reason Number One for commercial mortgage rejections: The bank does not generally make business loans for the type of business involved or imposes special requirements that make the commercial loan impractical for the commercial borrower. For example, fewer banks are making commercial mortgage loans for restaurants.

In a similar fashion, an auto service business is often given expensive and unnecessary environmental stipulations. There are many special purpose commercial properties such as golf courses, campgrounds, churches, funeral homes and gas stations that most traditional lenders have eliminated from their commercial lending program.

Strategy Number One for converting the disapproved business loan into an approved commercial mortgage loan: For most business owners, there are reasonable commercial loan options beyond traditional commercial lenders.

There are action-oriented non-traditional commercial lenders that will offer commercial mortgage loans for most special purpose commercial property situations. The best business loan could be available only from a non-traditional lender when a traditional lender won't provide the necessary commercial real estate loan.

Business Loan Disapprovals: (2) Tax Returns Required -

Reason Number Two for business loan rejections: A loan underwriter finds an issue on tax returns that disqualifies a business borrower under the bank's lending standards. This "issue" will often be inadequate net income, but when commercial loan underwriters analyze income tax returns, there can be a wide variety of other possibilities which produce the same disapproval.

Strategy Number Two for converting the rejected commercial real estate loan into an approved business loan: Commercial borrowers will never have this reason to worry about if they have applied for a "Stated Income" commercial mortgage loan. Very few traditional lenders use a Stated Income process (no income verification, no tax returns, no IRS Form 4506) for a commercial loan.

Borrowers should search for commercial lenders using Stated Income commercial mortgage loans. Unfortunately, this suggested solution will not work for all commercial loans because of a normal maximum loan amount of about $2-3 million for a Stated Income business loan.

Commercial Loan Rejections: (3) Cash Out Limitations -

Reason Number Three for commercial mortgage loan and business loan disapprovals: When a business attempts to refinance their commercial property loan and wants to get significant cash out, it is normal for a traditional bank to restrict what the funds are used for and to severely limit the amount of cash received. Even though the bank is willing to make the commercial loan, if they won't provide the cash required by the commercial borrower, this is similar to rejecting the loan.

Strategy Number Three for converting the declined commercial mortgage into an approved commercial real estate loan: As mentioned above, there are other commercial lending options available. The commercial borrower's mission (and it is not impossible at all) is to use a commercial real estate lender that will allow them to get much larger amounts of cash out of a commercial refinancing without restrictions on what they do with it.

Commercial Real Estate Investment Property Loan Disapprovals: (4) Cross Collateral Requirements -

Reason Number Four for commercial mortgage loan and business loans disapprovals: The bank will not make a commercial loan without sufficient collateral such as a lien on personal assets.

Strategy Number Four for converting the disapproved business loan into an approved commercial mortgage loan: Business borrowers should seek out commercial lenders that will not "cross collateralize" assets as a stipulation for getting business financing. This will result in more flexibility for the commercial borrower and preclude unwise (and unnecessary) connections between business and personal assets.

Article Source:http://www.articlesbase.com

Small Business Loans: Get Initial Fund for your Business

Being a small business owner, you need to pay extra attention to management of financial resources. Since growth of your business somehow depends on its financial position, you should always be cautious about cash flaw within or outside your business. It is quite true that lack of finance can become a big problem in the way of the success of your small business. Since a sapling business face different kind of financial problems, any ordinary loan cannot meet these requirements. For that reason, the borrower needs to find out such a solution that may help ess loans owners in meeting different requirements of their small businesses. Small business loans are one of those business loans that are specially tailored to meet requirements of a sapling business organization. These loans can meet each and every financial requirement of a going business and can help that business in growing with a faster pace. Since market is crowded with various business loan schemes, every small business owner can manage to get the desired amount without any problem. Therefore if you own a new and small business organization and financial shortfall is bothering you, then these loans can prove to be the best help for you.

These small business loans are simple to get but for getting these loans, should have an approved business plan. This business plan must be working and should be approved from the national corporate body. For getting these loans, the borrower also need to estimate how much finance he or she will require for running his or her small business smoothly. Application for small business loans include purpose, amount and type of loan therefore, if you are looking for any such business loan, then evaluate these terms to get a suitable loan.

Usually, Unsecured Business Loans are pledged against any high valued collateral but if in any case you are able to keep any asset as collateral against the loan amount, going for unsecured loans are the best option. However, a business loan requires good credit score for getting approval but if you are a bad credit borrower, then also you can arrange the desired cash with bad credit loans
for small business. Usually, a typical business loan requires a written loan proposal and personal and financial details of the borrower. Since processing of these details consumes a lot of time, a business owner can go for online business loans.

In fact, online processing system helps the business owner in saving his or her precious time and allows him or her to redeem loan with a faster pace. With Business loans for woman the borrower needs to follow a monthly schedule of repayment; however, this schedule can be chosen as per his or her monthly business revenue flow. This facility helps the business owner in achieving his or monthly target without bothering for arrangement of funds and supports the business to grow with faster pace. Therefore if your business is suffering due to the unavailability of funds, then these loans can prove to be the help for you and your business.

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Small Business Success: Starting Your Business Part-Time

I am an avid advocate for starting your business part-time.There are many advantages and few disadvantages. I realize that some businesses are impossible to conduct any other way other than full-time, however, most can be started part-time. I started my business loans for woman while having a full-time job elsewhere and hired an answering service to field my calls when I was at my full-time job. I would make and return calls to the East Coast before work, the Central Time Zone during breaks and at lunch and to the Mountain Time Zone and the West Coast after work. I took every available sick day, personal day and vacation day to work at my own company. I started my own business on January 2 and by June 1 of that year I had made more money with my part-time business than I would have the entire year with my full-time job.

In my book, "How Business Gets Done: Creating Wealth with Your Own Business", I list ten advantages to starting your business part-time:


(1). More control and flexibility. Some conceive of a part-time business as being half that of a full-time business in terms of hours spent, expenses, etc. However, this is a misnomer. Furthermore, many think that a part-time business means half in terms of capital needed, half in terms of the number of employees needed, half in terms of overhead, etc. Part-time does not necessarily equal "half." Having a part-time business can be any number of hours you choose, which gives you significant control and flexibility. When starting a full-time business, you relinquish a lot of control to your customers and suppliers since they understand you to and require you to operate full-time. A part-time business is customized to your schedule and customers and suppliers recognize this and don't panic or become as easily irritated when they cannot get in touch with you immediately. Additionally, part-time does not mean the same number of hours every week, whereas a full-time business is a 40-hour minimum proposition week-in and week-out.
(2). Lower overhead. When you start a full-time business, you probably will have to pay yourself a salary. Normally, the entrepreneur's salary represents the largest single expense of a young company. Many part-time businesses are started when the entrepreneur is working full-time elsewhere, thus saving the expense of a salary. Additionally, many part-time businesses can be conducted from the home, saving the expense of an office or storefront. Additionally, there are some great tax breaks with working from your home. If you cannot work from home, seek out a friend or acquaintance who has his or her own business and who may have some office space for rent. List for yourself twenty ways in which you can save money on office space. It will get your innovative juices flowing.
(3). Smaller seed capital requirements. Many think that a part-time business requires roughly half the seed capital as compared to a full-time business. This is not so. Part-time businesses can start on a fraction of that of a full-time business. Part-time businesses are exempt from many of the start-up costs that a full-time business incurs. These includes deposits and up-front payments on office space, office furniture and miscellaneous supplies. Expenditures on office equipment such as copiers and computers, liscense fees and employee costs. Since part-time businesses normally require less inventory, capital needs for inventory are greatly reduced.
(4). A more cautious approach. Starting one's own business, full-time or part-time, is not for wimps. I don't care who you are, the proposition of starting your own business is nerve-racking and the causation of sleepless nights. Some people are naturally more cautious than others and would never start their own business if it had to be done full-time. For those, a part-time business is the ticket. A part-time business affords one the opportunity to get one's feet wet, one toe at a time without submerging one's whole foot at once.
(5). Who said you have to operate full-time? Many businesses are started part-time and forever remain that - part-time. I know of several entrepreneurs who started their businesses part-time years ago and are happy with the status quo. These business owners enjoy the steady paycheck from the companies they work for, as well as the extra income from their own part-time businesses. They use the extra cash for an elevated life style, vacations and savings for an early retirement. One entrepreneur I know makes minnow buckets, live bait wells and other miscellaneous fishing gear. He manufacturers his products in his garage after work and on the weekends. He produces a splendid product and has a steady influx of orders and a respectable backlog. His wife and children are involved in the business and it has drawn them closer. It has never been his intention to quit his day-job and he is quite satisfied with his life, just as it is.
(6). Reduces the sting of costly mistakes. Let us face it; mistakes are the biggest teacher to the green entrepreneur. Mistakes are always going to be made - it is part of the business package. Real world learning and experience become the best insulation against future mistakes. With a part-time business, the learning curve has the opportunity to happen at a more manageable pace as opposed to the pace that is dictated by a full-time business. With a full-time business, the learning curve controls you. With a part-time business you have more control over the learning curve. As a result, mistakes made with a part-time business are usualy less costly and less devastating as opposed to full-time business mistakes.
(7). Loans for Woman write the Business Plan. A significant number of full-time businesses require borrowed capital. Every lender, whether it is a bank, lending institution or venture capitalist requires a business plan and a financial forecast. If a business has yet to be started, all forecasts and numbers included are only an educated hypothesis or conjecture. How can you accurately forecast or project without history? A part-time business remedies that. It is easy to write a business plan for your full-time business based on your part-time history. Furthermore, part-time success in the real world carries more credence when the time comes to start your business full-time and approach a lending institution.
(8). Borrowing may be avoided. With the savings in overhead wrought by a part-time business, you may be able to save up the necessary seed capital to start your business full-time and avoid initial borrowing. This is what I accomplished with my own business. I used my low-overhead mission to save up the necessary seed capital and avoided loans. Next to the entrepreneur's salary, debt service is normally the second greatest expense for the small business. Additionally, the expense of debt service is one of the leading causes of business failure. The payments seem to come around faster than the calendar month and can be a devastating drain on cash flow. Additionally, your business will grow much faster if it doesn't have to feed the debt service monster every month. Moreover, too many new businesses are funded via a second mortgage on the entrepreneur's residence, resulting in the family losing its home. This can also be avoided by starting your business part-time.

(9). Small business loans are part of a natural growth pattern. Full-time businesses are thrust upon the industry with hopes that their profit will quickly catch up to their costs before the money runs out. A part-time business can be started and nurtured for a given period until the operation gradually grows into a business that draws the entrepreneur into a full-time operation. This is the stair-step method and is the optimal growth pattern for a business. When the part-time business grows to where it so overwhelms the entrepreneur, it is time to consider going full-time.
(10). The revenue train is already generating. The biggest monkey on the back of a full-time business is getting the revenue train (sales and receivables) generating. By starting your business part-time, that monkey is off your back. By starting your business part-time, you will not only have sales coming in, but you will also have receivables generated when you open full-time.

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Business loan start up woman: for a good beginning

Look around every where and you will find women leading the way in each and every aspect of life be it in teaching profession or some managerial posts. Taking a step, further, women are also slowly getting in to business and what more, these are turning out to be a profitable venture. Further, to assist these enterprising woman make a good start with their business, lenders are now offering small business loans start up for woman. These loans play a pivotal role in the overall development of the business as it takes cares of all the financial matters.

These loans provide the monetary assistance, which can be used by the entrepreneurs as a working capital to set up the business. As per the need and financial requirement, it can be used for purchasing raw materials, acquiring business loans for development, renting office premises, hiring people, advertising and marketing and so on. The main attraction of the loans is that of its flexibility, which in turn enables the applicants to have a descent start of the business concerned.

As usual, these loans for woman are made available by categorizing it in to secured and unsecured form. Secured form of the loans can be derived to take care of the bigger expenses concerning business. However, to acquire the loans, a valuable fixed asset has to be placed as collateral. Moreover, the reimbursement term is long and owing to the presence of collateral, the interest rate charged on the loans is comparatively low.

On the other hand, unsecured form of the loans is meant for smaller borrowings. There is no need of pledging collateral for its approval. In fact, the amount is made available for a short term period and carries a high rate of interest, owing to its collateral free approval.

In the loan market, there are numerous lenders who are now offering business loan start up for women. The terms and conditions are conducive enough and are quite lenient. Even then, it is advised to undertake a proper research of both the offline as well as online mode. By applying online, you can not only get access to the best possible terms and conditions, in fact you can derive the loans by filling up a simple application form and that too without personally visiting the lender.


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Small Business Loans: Start Small To Gain Big

Your dream of having your own new business is not far from you now. Without having any money in your hands you can establish the base of your business venture and for that you will not have to ask others for monetary help. The small business loans will make all these things possible for you. These loans are not like others and will be with you at each and every step in your business.

But before proceeding further you would have to select one out of the secured and loans for woman. If you think that you want bigger amount then get the secured loans, as these are specialized in providing the best service with bigger loan amount. The facilities in it are really a lot as you will be charged very low interest rate also. But for enjoying all these you too will have to be capable of pledging collateral. It is the value of the collateral that will decide the amount to be offered in it and the amount will further decide the rate of interest to be charged on you.


Similarly, for smaller need for funds you can get the business loans. These will provide a sufficient amount for your small business without asking for anything as collateral. The rate of interest is a bit higher but easy ways are also there to avoid it. For avoiding it you can opt for other loans that are available in the loan market.

These loans will help you in:

* Buying land or office building
* Constructing the building
* Buying raw materials
* Collecting machines
* Employing workers
* Other miscellaneous tasks

The facilities offered are just the same for the bad credit holders too. They too can apply and draw these loan amounts for establishing their very own small business. The small business loans allow all borrowers with bad credit records like CCJs, arrears, late payment, skipping of installments, defaults and bankruptcy.


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Small Woman Business Loans: a New Achievement

It can be seen that women are going the way of starting their business alone and going all the way to establish themselves. Today more and more people are moving away from traditional employments which get oneself a regular paycheck every month. The lenders are providing small woman business loans to set up things initially and manage things for some time before the income from the business starts pouring in.

Business Loans for Woman are of unsecured nature and their rates are slightly higher than normal loans. These loans require no security to be provided by the borrower to the lender. These loans are of crucial help to those not having a large capital base to fund their business on their own. Small woman business loan is also helpful to those who do not have a property of their own which can be placed against any collateral and those who want to start their business from the scratch or wish to expand their existing business with the help of small woman business loan.

This loan is designed specifically for Loans for Woman, who want to start a business of their own. One can go for secured loan but that would not be beneficial for those women who are in the initial years of staring their business. One needs to apply for this type of loan with some documents related to business proof. Business profile document is the most important document to be submitted. It contains the details of the business plan and a statement of how one wants to achieve the plan. Another important document which is required for availing this loan is the loan request document. It contains the amount to be borrowed, the period for which the loan is required and any special conditions that one wishes that the lender should bear in mind before issuing the loan amount. One can repay the loan according to one’s convenience. Thus, it ensures flexibility.

If one already has an existing business and want to have small business loans to expand it, one need to submit the financial statements of the business. These documents contain the balance sheets and statement of the flow of cash among others. Lenders consider these statements to calculate financial position and stability. A clean credit record is mandatory. People with bad credit history like arrears, payment defaults etc are not considered eligible for these types of loans. Some states and cities have loan programs, which are targeted towards providing assistance to women. It should be kept in mind that if one lives in a community property state, then the spouse must also personally guarantee the loan. Application form can be downloaded through online process. It saves time and efforts as there is no paperwork involved in it. These loans are very helpful for women who need funds for starting a business of their own and fall short of funds.


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