Sentences with phrase «business loan an asset»

Assets: Within the context of a small business loan an asset is something of value, owned by the borrower, which can be used as collateral by a lender.

First rated ABS issuance backed by small business loans in the Australasian market Prospa's Australian small business loan asset backed securities (ABS) trust was today assigned ratings by Moody's Investors Service (Moody's).

Assets: Within the context of a small business loan an asset is something of value, owned by the borrower, which can be used as collateral by a lender.

Paving The Way for a Business Loans Asset Exchange Crowd Genie is a peer to peer lending platform that allows SMEs in Singapore to receive financing from multiple investors.

Not exact matches

Remember though, if you default on a secured loan then the assets or asset class you used as a security could be seized by the creditor in a Court procedure that could also put your company out of business, so there is some element of risk to consider with asset - based financing.

With the sale of Seamark to management and Marquest Asset Management's purchase of the mutual fund business over the summer, Matrix consolidated those loans into a single $ 5 - million note from an unnamed Canadian lender.

And when I picked up the lid, looked in, and saw the assets there, I was amazed: $ 90 billion, now $ 100 billion, in loan guarantees, 900 small business development centers, 12,000 SCORE volunteers and 100 district offices.

Dozens of other loan programs — including the 504 Certified Development Loan Program, which is accessed by small - business owners for loans to buy large fixed assets and real estate — and many mentorship programs, including the SCORE system and Veteran's Business Development offices, would be shuttered in the case of a government shutdloan programs — including the 504 Certified Development Loan Program, which is accessed by small - business owners for loans to buy large fixed assets and real estate — and many mentorship programs, including the SCORE system and Veteran's Business Development offices, would be shuttered in the case of a government shutdLoan Program, which is accessed by small - business owners for loans to buy large fixed assets and real estate — and many mentorship programs, including the SCORE system and Veteran's Business Development offices, would be shuttered in the case of a government sbusiness owners for loans to buy large fixed assets and real estate — and many mentorship programs, including the SCORE system and Veteran's Business Development offices, would be shuttered in the case of a government sBusiness Development offices, would be shuttered in the case of a government shutdown.

Business collateral for SBA loans can be any or all assets your business has including, but not limited to, your commercial real estate, inventory, machinery and equipment and accounts recBusiness collateral for SBA loans can be any or all assets your business has including, but not limited to, your commercial real estate, inventory, machinery and equipment and accounts recbusiness has including, but not limited to, your commercial real estate, inventory, machinery and equipment and accounts receivable.

Entrepreneurs are perfect candidates for this loan because they may not have any personal or business assets to speak of.

Your balance sheets will help show the bank the worth of your assets and the strength of your company, which can in turn determine the SBA loan or line of credit amount you qualify for that would best fit your business's needs.

The Small Business Administration defines businesses eligible for SBA loans as those that: operate for profit; are engaged in, or propose to do business in, the United States or its possessions; have reasonable owner equity to invest; and use alternative financial resources (such as personal assetsBusiness Administration defines businesses eligible for SBA loans as those that: operate for profit; are engaged in, or propose to do business in, the United States or its possessions; have reasonable owner equity to invest; and use alternative financial resources (such as personal assetsbusiness in, the United States or its possessions; have reasonable owner equity to invest; and use alternative financial resources (such as personal assets) first.

This is different from an asset - backed loan, where collateral is based on your business assets.

SBA loans are secured by both business and personal assets until the recovery value equals the amount of the loan.

Prior to the new rule, he added, the agency's Standard Operating Procedures said only «that sellers should finance the goodwill when they sold a business, but we found that SBA loans increasingly were being used to finance goodwill along with other real assets.»

Basic factors you should consider include the amount of your existing savings, whether you have assets that could be sold for cash, whether friends or family members might offer you financing or loans, and whether your spouse or other family members» salaries could be enough to support your family while you launch a business full time.

Young entrepreneurs can face especially high hurdles when approaching investors or applying for loans: they usually have few assets, no credit history, and rarely any business experience that they can point to.

In order of preference, find a venture capitalist, an angel investor, a friend or family member who has enough assets to put some at risk, or a banker who will make a loan to the business without a personal guarantee from you.

If nobody will lend to you, securing loan against your business assets can be a great option.

Personal and business assets may be used to secure a loan; this can include equipment, automobiles or other assets.

In most cases, they'll get an answer on their loan application with the same day (sometimes with the hour) without the need to collateralize a particular piece of real estate, inventory, or other had asset, making it possible for many healthy businesses that don't have collateral to qualify for a small business loan.

If your business is in difficulty and is unable to make the loan payments, whatever personal assets you have posted as collateral (house, car, investment accounts, etc.) can be seized by the bank.

For extended financing, banks normally require assets of the business to be posted as collateral for the loan.

The HRC considered the fact that, despite credit write - downs in its home equity loan portfolio and a Visa - related litigation expense accrual, the Company's business performance for 2007 was strong, as exemplified by one of the highest returns on equity and returns on assets in our Peer Group.

Loan terms vary from 10 years (for equipment) to a 20 - year term (for real estate), making it possible for business owners to repay the loan over the expected lifetime of the asLoan terms vary from 10 years (for equipment) to a 20 - year term (for real estate), making it possible for business owners to repay the loan over the expected lifetime of the asloan over the expected lifetime of the asset.

When a business accepts a loan from OnDeck, a general lien is placed on business assets until the loan has been paid in full.

The anticipated DBRS rating for the Class A Notes would be the highest rating ever for a class of notes in an asset - backed securitization of small business loans in the online lending industry.

Rather than relying on personal assets such as a car, boat or home to secure the loan, unsecured lenders look exclusively at a borrower's credit worthiness to determine eligibility, making those with high credit scores and a long, solid credit history the best candidates for an unsecured business line of credit.

They will likely require a general lien on business assets and a personal guarantee to secure the loan during the loan term.

OnDeck loan approvals are based upon healthy business fundamentals like cash flow, not based solely upon the value of any particular business asset.

Rather, they apply a general lien to business assets during the loan term and require a personal guarantee (a common practice also used by many banks).

Banks generally underwrite loans based upon the value of specific assets and attach liens to those specific assets to secure a small business loan.

Many small business owners looking for unsecured business loans or lines of credit typically don't have the collateral that a bank may require, such as real estate, inventory, or other hard assets.

Collateralizing your small business loan with assets (such as real estate, equipment, or other valuable asset), that can be sold by your lender should your small business default on a loan, is frequently required by traditional lenders like the bank.

Businesses owned by developers and landlords that do not actively occupy the assets acquired or improved with the loan proceeds (except when the property is leased to the business at zero profit for the property's owners)

While these loans are collateralized, the general - lien approach may make qualifying for a loan easier and / or faster, depending upon the nature of your business and your business assets.

It is also important to note that liabilities, such as outstanding bank loans, guarantees, lease agreements and payments to suppliers are usually not insured, leaving the personal assets of business owners pledged against these liabilities, and potentially leaving family members in financial distress.

Other Revenue was $ 3.5 million, up from $ 3.4 million in the prior quarter, primarily reflecting increased revenues from the company's OnDeck - as - a-Service (ODaaS) business, offset by a $ 0.7 millionreduction in the fair value of the Company's loan servicing asset.

While a traditional bank loan often requires specific collateral before they will lend to a small business and may rely heavily on the personal credit of the business owner, OnDeck offers fast small business loans from $ 5,000 to $ 500,000 with a general lien on business assets during the loan term and a personal guarantee.

Many small business owners are interested in a loan or line of credit for their business, but don't have the specific collateral a bank may require, such as real estate, inventory or other hard assets.

This may apply to a business loan for purchasing equipment or other similar asset.

Some lenders, including many online lenders, don't require specific collateral, but rather require a general lien on your business assets (without valuing those business assets) and a personal guarantee to secure the loan.

These lenders will typically place a general lien on the assets of the business during the loan term.

Loans backed by specific collateral or backed by general corporate assets aren't the perfect option for every financing situation, but are tools business owners can use to access capital, provided they are a good fit for the loan purpose and the economics make sense.

By looking at the loan process differently, many lenders, like OnDeck, are making more capital available to small businesses that don't have the required assets needed to collateralize a loan at the local bank.

A traditional term loan is often used to purchase assets like real estate and equipment, but may also be used to expand a restaurant, build a commercial building, or to fill other business needs.

The exact repayment term is usually determined by the useful life of the underlying asset or business purpose for which the loan is used.

While there is no specific collateral requirement for Fundation business loans, the lender has a blanket lien on your business assets, meaning that in the event of default, Fundation has the right to take possession of any business assets to fulfill the debt.

Because most SBA loans are secured by collateral and a personal guarantee, the bank will have the right to seize the business and personal assets you pledged.

Because small businesses are considered higher risk than their larger cousins, the SBA loan guarantee helps banks offer more flexible loan terms, meaning borrowers can be approved even if they have fewer assets than what would be required with a traditional term loan at the bank.