Sentences with phrase «getting a bank loan for»

Bank loans: While it is possible to get a bank loan for a startup, it's often exceedingly difficult.

Getting a bank loan for debt consolidation loan is easier than it sounds too.

That, combined with a down payment, will get a bank loan for the rest of the purchase price.

Foreign nationals, especially those who reside outside the US, will have a difficult (if not impossible) time getting a bank loan for their real estate purchases within the US.

Not exact matches

Of course, getting a loan from a bank is no cakewalk these days, particularly for small businesses.

In March Boston - based Eastern Bank said it would make online loans available for amounts up to $ 100,000 in a streamlined digital process that takes minutes, also allowing some applicants to get money the same day.

«A lot of small businessmen take it personally if they get turned down for a bank loan,» says Leonard Leff, president of CDS Capital, a finance and factoring company in Lynbrook, N.Y. «They say, «Do I want to get another rejection?»

If you can't get a bank loan, ask your boss if you can finance the purchase out of profits on a schedule that doesn't pinch the company's cash flow, says Joseph Fulvio, a management consultant for startups and emerging businesses.

Although it took four months for them to get approved for the loan, the funding was crucial in helping the founders get their business off the ground last August, especially because friends, family, banks, community lenders and angel investors had all turned them down.

«They struggled for 30 years to get a business off the ground and could never access a bank loan without refinancing their mortgage,» Ringelmann says.

The decline of community banks and the collapse of the market for home - equity loans may have made it harder for would - be entrepreneurs to get access to capital.

In addition to the entrepreneur usually getting a lower cost of financing, the entrepreneurs can bypass the sometimes complex and costly application process for bank loans.

Latinos should be proud that it's harder for them to get a bank loan, and that the SBA has more trouble reaching them than, say, white folk.

As the economy has muddled along the past few years, banks have been criticized for making it hard for small businesses to get loans.

«Getting funding for a cannabis business presents very unique challenges because you can't just get an SBA, or small business loan, and banks are not going to lend money to you either,» Super Bowl champion and cannabis entrepreneur Marvin Washington told me during an interview for my book with Entrepreneur Media, Start Your Own Cannabis Business.

If you are an inventor, understand that obtaining capital for manufacturing is possible but it's a really long stretch to believe that you are going to enter a bank and get a loan because your idea is the next greatest thing since chewing gum.

But what if your business gets turned down for a loan by conventional banks?

Whether you turn to BDCs or online banks for a loan, it's always a good idea to get multiple quotes and review the terms closely.

Stricter banking regulations also may be making it harder for startups and other unproven companies to get loans, he said.

CHICAGO (Reuters.com)-- When getting a loan from the bank gets tight, as in these times, small businesses look for alternatives.

The Company specializes in originating loans for first - time business borrowers who can not get a loan from a bank, and provides ongoing credit - monitoring and advice to ensure clients improve their business credit in an effort to qualify for a bank loan.

If I'm working for Fannie Mae and buy $ 2 billion worth of loans from Countrywide (now part of Bank of America), I may hope that when they break up Fannie Mae into a smaller agencies, I may get a nice vice-presidential job in Bank of America.

The latter re-incorporated themselves as «banks» to get Federal Reserve handouts and access to the Fed's $ 2 trillion in «cash for trash» swaps crediting Wall Street with Fed deposits for otherwise «illiquid» loans and securities (the euphemism for toxic, fraudulent or otherwise insolvent and unmarketable debt instruments)-- at «cost» based on full mark - to - model fictitious valuations.

The Small Business Administration's 7 (a) loan program, for example, «requires that if there is collateral available to make a fully secured loan, the bank lender has an obligation to get it as collateral,» said Steven J. Smits, associate administrator for the office of capital access at the S.B.A..

For example, an interest rate swap is a derivative whereby two parties exchange, or «swap,» interest payments on a bond; one side might get a constant 3 percent each payment period, while the other gets the LIBOR rate (a benchmark rate that some banks charge each other for short - term loanFor example, an interest rate swap is a derivative whereby two parties exchange, or «swap,» interest payments on a bond; one side might get a constant 3 percent each payment period, while the other gets the LIBOR rate (a benchmark rate that some banks charge each other for short - term loanfor short - term loans).

You can get funds within 24 - 48 hours after you are approved for a loan, and APRs range between 19.99 % and 49.99 %, which is comparable to rates offered by other online lenders (though this still may be higher than APRs offered by a bank or credit union).

So if somebody goes out to buy a home they're bidding against other people for the same house and the winner is the person who can get the biggest bank loan and that's the person who says I'm going to pledge all the rental value to the bank so the bank gets all the rent as if it were the landlord.

You will actually get two loans when you apply for a 504 loan: a bank loan for 50 % of the loan amount and a loan from a Certified Development Company (CDC), which partners with the SBA, for 40 % of the loan amount (the remaining 10 % is your down payment).

And that rate — currently set at.25 to.5 percent — influences other interest rates, including those banks offer for savings accounts and those you can get charged on credit card balances and loans.

interest rates, including those banks offer for savings accounts and those you can get charged on credit card balances and loans.

The fact that your pet rock shares go from valuations of $ 1,000 on Friday to $ 1 on Monday rips the bandaid off in a way you don't get when banks can inflate for months on end their balance - sheet value of non-performing loans.

As I wrote of few years ago, «The fact that your pet rock shares go from valuations of $ 1,000 on Friday to $ 1 on Monday rips the bandaid off in a way you don't get when banks can inflate for months on end their balance - sheet value of non-performing loans.»

Often times these properties can be picked up for significant discount, as a bank is often very willing to get the loan off their books.

Traditionally, applying for a loan from a bank and other large financial institutions may take a while to get approved.

SBA loan consulting services generally include a dedicated representative to help you with the application, tax document collection, building a strong business plan and then taking your deal out to banks to get you the best loan for you.

In June, loan approval rates at credit unions improved slightly to 43.7 % from 43.6 % in May, while approval rates by alternative lenders slipped for the fifth consecutive month to 63.2 % in June, from 63.3 % in May «Entrepreneurs are getting funding from banks at attractive interest rates.

While the interest rates are almost always higher than for bank loans, at least you can get this loan.

Right now there's a wealth of opportunity for independent loan brokers, specifically our graduates, to provide the small businesses that keep getting snubbed by banks with the capital they need.

Hi, im looking for a debt consolidation loan of $ 50000, i have some relly high interest loans out and will take me forever to pay them of with the interest so high, i have good credit but the banks are still turning me down i work fulltime and my gross earnings for a year is $ 82000 and thats not bad money but i need to get out of these high intertest loans, are there anyone out there that can loan me this money cause i know i will have no problem at all payingit back, but i certainly needs a break from these high interest loans and get them paid off with a debt consolidation loan..

At Excel Capital, we help business owners achieve their business goals by making it easy for them to get the cash that they need without the hurdles and red tape associated with traditional bank instruments and loans.

For that reason, using a traditional bank to get a business loan comes with a variety of strings attached.

Growth in investment slowed further, borrowing costs rose and the share of firms applying for and getting bank loans remained at «rock bottom levels,» according to the China Beige Book, a report published quarterly by New York - based China Beige Book International.

Among the remaining ways to get financed are USDA loans for homes in non-urban city centers; and jumbo and private loans made by local and retail banks.

If you're running a smaller insurance agency and looking for opportunities to grow, you may not have enough financial weight in the finance world to get the affordable loan that you need from a big bank.

Origination fees vary between banks — sometimes by a lot — and this is the number one reason why you should always get multiple quotes when shopping for a loan.

Bank loans and lines of credit will also be difficult to get approved for.

Even getting a small business loan from a bank might take some time, especially if you're a sole proprietor (a small business owner who assumes full responsibility for the business's earnings and losses).

For instance, at Bank of America, customers with $ 25,000 across their checking, savings and investment accounts get a 25 % rewards bonus on a Bank of America credit card, a $ 200 discount on mortgage fees, and a 0.25 % interest - rate deduction on auto loans.

It takes days and even weeks to get approved for a regular loan, and banks usually require a solid credit history to get approved.

This turns out to be a good deal for borrowers because they get a better interest rate than they might through a traditional bank loan or credit card.