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Posts Tagged ‘lenders’
July 15, 2011 Alternatives for Small Businesses Seeking Funding in a Tight Credit Market
As any small business owner knows, access to credit is still tight; however, there is capital available if you know how to go about seeking it out and take appropriate steps. A recent article in Inc., “New Rules of Getting a Small Business Loan,” provides some alternative ideas for businesses that still are having difficulty [...]
June 14, 2011 Business Loan in Default? Your Best Bet May Be an SBA Loan Workout
Despite some hints at an improving economy, it’s still tough out there for many small business owners, and many owners are finding themselves in a loan default situation. In addition to being at risk for losing their businesses, these owners could potentially lose their homes and other personal assets. While there may seem to be [...]
April 12, 2011 Good News for Small Business Owners: Small Business Administration’s (SBA’s) Budget Safe for Now
Over the last few weeks, there is has been little news coming out of Washington that didn’t have to do with the battle over the 2011 federal budget. While many federal agencies will see significant reductions in their budgets, the large proposed funding cuts for the Small Business Administration (SBA) and loan guarantee programs did [...]
January 28, 2011 Collateral Proves Valuable for Businesses Seeking Loans
In the current climate of small business lending, companies that have tangible assets, such as property and/or equipment, have a leg up over companies that don’t, according to an article The Wall Street Journal, “Firms with Collateral Gain an Edge.” “Companies that hold tangible assets like buildings or other types of property are getting a [...]
September 23, 2010 Who Needs a Certified Machinery and Equipment Appraisal? Part 2
We have discussed in numerous posts reasons why you should always rely on a certified machinery and equipment appraiser (CMEA). To reduce your risk of liability, you should be sure that the appraisal is conducted by a certified professional. CMEAs meet all government training requirements, and will provide appraisal reports that are USPAP compliant and [...]
September 21, 2010 Who Needs a Certified Machinery and Equipment Appraisal? Part 1
We have discussed in numerous posts reasons why you should always rely on a certified machinery and equipment appraiser (CMEA). To reduce your risk of liability, you should be sure that the appraisal is conducted by a certified professional. CMEAs meet all government training requirements, and will provide appraisal reports that are USPAP compliant and [...]
July 13, 2010 Fannie Mae Plays Hardball
As we all know, real estate appraisers are the men and women in the field, going from property to property and making evaluations based on years of training and experience, and then reporting these numbers to mortgage lenders to establish property values. But after receiving appraisals they feel are too high, some lenders have taken [...]
June 22, 2010 Mortgage Players Look to Soften Bill
This week, as Congress moves to finalize new financial regulations, mortgage lenders will be attempting to soften a series of provisions that could potentially reshape how most Americans obtain home loans. At stake are regulations regarding loan repayments, the ability to sue a lender for fraud or poorly underwritten mortgages, and changes to appraisal rules. [...]
April 27, 2010 5 Cs of Lending (How Appraisal Fits in Even Though It Doesn’t Start with C)
Although this title may sound a little strange since appraisal doesn’t start with the letter c, most would-be borrowers probably don’t realize the role an appraisal can play in the eyes of lenders. The well-known 5 Cs of Lending consist of: Character – Evaluation of the business’ financial performance, credit report, management, and payment trends; [...]
April 6, 2010 Manufacturing Operators and Lenders Seek Alternatives to Remain Viable
It may come as a surprise to many people that manufacturing is still the largest industry contributing to the United States gross domestic product. According to government numbers, manufacturing employs approximately 16.7 million workers, meaning that it is still an industry that needs attention. The size of industrial production and significance in the U.S. economy, [...]