Sentences with phrase «bank loans take»

Traditional bank loans take more time to close than higher cost alternative lending products.

For instance, Wanda no longer has to record debts associated with those theme parks and hotels; all it has is the bank loan it took out to advance money to Sunac, which is now taking on the property and related leverage.

They find themselves having to repay the mortgages and the bank loans they took out in times past.

Getting a bank loan takes a much longer time to process than using a online payday loans.

Halliwells partners look set to be asked to repay more than # 2m in additional bank loans taken in 2010 as further details of the now - defunct firm's finances and partner liabilities emerge.

Not exact matches

During the credit crunch, alternative lenders — cash advance companies, accounts receivable funders, factors, and micro lenders — took advantage of the slowdown in bank loan volume.

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.

And a February survey by Pepperdine University's Graziadio School of Business and Management found that 39 percent of small business owners who applied for bank loans in the previous three months were successful, up from 34 percent in a survey taken in October and November.

The bank offered a loan at a low rate to pay off her high - interest credit card debt, and she ended up taking out a second mortgage for $ 80,000.

If the hackers who stole your credit information from Equifax drain your bank account or take out a loan in your name, it's your problem, not Equifax's.

This Toronto - based bank will benefit from rising interest rates — «they can take money in and put it out at higher loan rates,» Turk says — but also an expanding retail segment.

«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?»

Thus, extra care should be taken in preparing and presenting the loan application to the banks and prospective financial authorities.

But Glencore, under London Stock Exchange reporting obligations, said it would only contribute 300 million euros in equity (taking a tiny equity interest of 0.54 %, and even that only «indirectly»), while the rest of the money was provided by «QIA and by non-recourse bank financing,» the latter being a loan that effectively insulates Glencore against most of the risks of owning Rosneft shares.

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.

Soon after, concerns about liquidity and asset quality put many other institutions at risk, including Bank of America and Citigroup, which took billions in loans from the government to weather the chaos.

Many banks will take your business credit score into account, but if your small business still is in its early years, your chances of securing a loan from a traditional lending institution are notoriously slim.

ANZ Banking Group subsidiary Esanda has agreed to compensate more than 70 borrowers who took out car loans worth $ 1.38 million through Victoria Park - based broker Get Approved Finance.

The Federal Deposit Insurance Corp. counted $ 331 billion in commercial and industrial bank loans under $ 1 million as of Dec. 31, the largest amount since the end of 2008, when the government agency reported a record $ 336 billion in such loans that are generally taken out by small companies.

«We are lending against collateral - your receivables - and while a bank may take assets as collateral they are really looking at historic cash flows and your ability to repay the loan.»

The system will also be able to register how many times a pedestrian has violated traffic rules in the city and once this number reaches a certain level, it will affect the offender's social credit score which in turn may limit their ability to take out loans from banks, Wang said.

«If it's properly planned,» says Palank, «we should be able to close the deal in about the same time as it takes to close a bank loan.»

Traditional bank loans, which often have the lowest interest rates, take time to process.

It was actually faster to take out a home - equity loan from her community bank, which she used to purchase an adjacent building to expand her business, than it was to go through the extended process of getting a commercial loan.

According to the company, there are about 28 million small businesses in the country, and the overwhelming majority are hidden from investors; they're too small for private equity firms to take notice, but not right for a traditional bank loan either.

Banks loaned money to people likely to take a great deal of time paying to back.

Bank stocks were being battered by the savings and loan crisis, and Buffett characteristically took advantage of the market turmoil to buy into one of the highest quality banks he could find.

I knew the turnaround time would take longer with a bank loan.

The bank sought to fill the gap with a $ 200,000 SBA loan, something Wald wanted to avoid at all costs, recalling the consequences of the $ 30,000 SBA loan he'd received in 1996 (and since paid off): NetForce had trouble securing the kind of financing it needed because the SBA had taken a blanket lien on all the company's assets.

To transfer ownership, the company creates an ESOP — a kind of trust account — and takes out a loan from its bank for $ 4 million, 40 % of the firm's value.

A Small Business Administration loan would take months to procure, the bank had turned him down and he needed cash fast.

The lower that interest rates are, the less banks can charge customers for taking out loans.

Student loan debt took off in 2004, the Federal Reserve Bank of New York reported recently.

«Taking a focused look at clarifying the regulatory environment around online lending, reducing some of the burdens of regulation on small and community banks, and reducing the burdens on community banks so they can go back to making more small - dollar loans is a good thing,» she says.

Taking into account that banks and traditional financial institutions tend to not offer loans to cannabis businesses for the time being, many cannabis entrepreneurs fall back on family members and friends for seed capital — and this is probably the way to go at first.

If DFS finds the loans somehow violate banking law, it could fine the banks or take other corrective action with regard to their business practices, said New York attorney Daniel Alter, former general counsel at DFS.

Because many banks are taking steps to automate their credit - granting programs so that customers can either phone in or electronically transmit loan requests without having to meet with a loan officer.

Mosaic's business model is similar to that of a bank: It charges an origination fee up front to the developer and takes a 1 % «skim» on top of the loan.

(Unlike the homes and vehicles that are financed by mortgages and car loans that can be taken by the bank in case of default).

Hi Randy, Banks and credit unions have very strict requirements (that go beyond just personal credit scores) when it comes to business loans, as illustrated by your experience getting that cargo van financed, so it's not surprising that a bank or credit union would have you take a personal loan instead.

In the aftermath of Zirtual's failure, Young, who was on the board, reflected on the entrepreneurial struggle and asked, «What about taking out an old - fashioned bank loan?»

Time Is Money: Traditional lenders, like banks, can take weeks to process your business loan application and for you to receive the funds.

Max went to his long - time bank, but was told a business loan would take four to six weeks to be approved.

The turnaround time for a bank loan can take up to several weeks, so it makes sense to be prepared to help streamline the process as much as possible.

Take federal wire transfer and banking laws, which Cohen may have broken if he lied about the reason he got a loan to pay off one of the women and transferred her $ 130,000.

If you have a bank account at the same bank where you took out the loan, the bank generally has the right of offset, which allows them to withdraw funds from your accounts to cover past due payments.

Private lenders are looking for the same information and will conduct similar due diligence as the banks, but they typically specialize in an industry and are more willing to take on higher - risk loans if they see the potential.

Banks prefer to write loans based on the value of specific assets and take liens on those specific assets.

The turnaround time for a typical bank term loan can take up to several weeks.

Amongst other things, banks and other lenders need to consider the risks they are taking on, not just from individual loans, but from the collective effects of lending decisions on the system as a whole.