Not exact matches
When the light turns yellow, Phunware turns to a working capital line of
credit,
asset - backed
loans, bridge financing, or equity funding.
Many lenders are in the game: big banks ($ 10 billion - plus in
assets), smaller, regional banks,
credit unions, alternative lenders and, increasingly, institutional investors who buy
loans on marketplace lending platforms.
Percentage of the 2001 Inc 500 that raised additional financing from Bank lines of
credit: 80 % Commercial
loans: 52 % Personal
assets: 45 % Assets of family and friends: 26 % Venture capital: 18 % Other cofounders» personal assets: 17 % Strategic partners or customers: 13 % Grants from the government or nonprofit
assets: 45 %
Assets of family and friends: 26 % Venture capital: 18 % Other cofounders» personal assets: 17 % Strategic partners or customers: 13 % Grants from the government or nonprofit
Assets of family and friends: 26 % Venture capital: 18 % Other cofounders» personal
assets: 17 % Strategic partners or customers: 13 % Grants from the government or nonprofit
assets: 17 % Strategic partners or customers: 13 % Grants from the government or nonprofits: 3 %
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.
This type of
loan relies on
assets rather than
credit.
«In soliciting investments in the Fake Funds, CASPERSEN made the following false representations to investors, among others: in recognition for his prior work with Park Hill Group, CASPERSEN had been offered a «friends and family» investment allocation in a security that was allegedly offered by a private equity firm; CASPERSEN was personally investing in the security, and offering it to his family and a limited number of friends; the investment was a
credit facility secured by a portfolio of
assets owned by one of the Legitimate Funds; the investor would receive quarterly interest payments, ranging from 15 to 20 percent; the investment was practically risk - free, as the
loaned funds would remain in a bank account; the investor could withdraw the principal at any time with 90 days» notice; and investor funds should be wired to one of the Fake Fund Accounts.
Asset - based lending is more comparable to the traditional
loan process, where a lender will evaluate accounts receivable, inventory values, and fixed
assets to determine creditworthiness, and issue a line of
credit.
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.
Pro: Since the
loan is secured against an
asset, no
credit check is required and the
credit agencies are not informed about the transaction.
In addition, at any time when incremental term
loans are outstanding, if the aggregate amount outstanding under the
Asset - Based Revolving
Credit Facility exceeds the reported value of inventory owned by the borrowers and guarantors, NMG will be required to eliminate such excess within a limited period of time.
If the amount available under the
Asset - Based Revolving
Credit Facility is less than the greater of (i) 12.5 % of the lesser of (A) the aggregate revolving commitments and (B) the borrowing base and (ii) $ 60 million, NMG will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of c
Credit Facility is less than the greater of (i) 12.5 % of the lesser of (A) the aggregate revolving commitments and (B) the borrowing base and (ii) $ 60 million, NMG will be required to repay outstanding
loans and, if an event of default has occurred, cash collateralize letters of
creditcredit.
If the amount available under the
Asset - Based Revolving
Credit Facility is less than the greater of 1) 12.5 % of the lesser of (a) the aggregate revolving commitments and (b) the borrowing base and 2) $ 60 million, we will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of c
Credit Facility is less than the greater of 1) 12.5 % of the lesser of (a) the aggregate revolving commitments and (b) the borrowing base and 2) $ 60 million, we will be required to repay outstanding
loans and, if an event of default has occurred, cash collateralize letters of
creditcredit.
There is no scheduled amortization under the
Asset - Based Revolving
Credit Facility; the principal amount of the revolving
loans outstanding thereunder will be due and payable in full on May 17, 2016, unless extended, or if earlier, the maturity date of the Senior Secured Term
Loan Facility and the Senior Subordinated Notes (subject to certain exceptions).
Under the new changes, «small creditor» — now defined as institutions with less than $ 2 billion in
assets originating fewer than 500 first - lien mortgages per calendar year — would now apply to a 2,000 -
loan annual origination limit, effectively easing the path for more banks and
credit unions to comply with the ability - to - repay rule.
If at any time the aggregate amount of outstanding revolving
loans, unreimbursed letter of
credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment a
credit drawings and undrawn letters of
credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment a
credit under the
Asset - Based Revolving
Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment a
Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding
loans or cash collateralize letters of
credit in an aggregate amount equal to such excess, with no reduction of the commitment a
credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.
The
Asset - Based Revolving
Credit Facility provides that we have the right at any time to request up to $ 300 million of additional revolving facility commitments and / or incremental term
loans, provided that the aggregate amount of
loan commitments under the
Asset - Based Revolving
Credit Facility may not exceed $ 1,000 million.
The
Asset - Based Revolving
Credit Facility provides that NMG has the right at any time to request up to $ 300 million of additional revolving facility commitments and / or incremental term
loans, provided that the aggregate amount of
loan commitments under the
Asset - Based Revolving
Credit Facility may not exceed $ 1,000 million.
In addition, at any time when incremental term
loans are outstanding, if the aggregate amount outstanding under the
Asset - Based Revolving
Credit Facility exceeds the reported value of inventory owned by the borrowers and guarantors, we will be required to eliminate such excess within a limited period of time.
If at any time the aggregate amount of outstanding revolving
loans, unreimbursed letter of
credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment a
credit drawings and undrawn letters of
credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment a
credit under the
Asset - Based Revolving
Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment a
Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding
loans or cash collateralize letters of
credit in an aggregate amount equal to such excess, with no reduction of the commitment a
credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.
A pioneer in the leveraged
loan market, the firm has evolved over 25 years, building on its
credit expertise and value - based approach to expand into other
asset classes.
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.
Our team of
credit professionals deliver sales and trading capabilities across a wide range of fixed income
asset classes including high yield, distressed and investment grade bonds, convertible bonds, public and private corporate securities, leveraged
loans and emerging market debt.
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.
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.
The Company uses the proceeds raised from the issuance of units to invest in SMEs through local market sub-advisors in a diversified portfolio of financial
assets, including direct
loans, convertible debt instruments, trade finance, structured
credit and preferred and common equity investments.
Prior to joining Cerberus, Mr. Naccarato was a Vice President and Senior
Credit Officer at Bank of America Commercial Funding from 1997 to 2000, where he was responsible for managing all aspects of credit relating to a loan portfolio consisting of middle market asset - backed credit facil
Credit Officer at Bank of America Commercial Funding from 1997 to 2000, where he was responsible for managing all aspects of
credit relating to a loan portfolio consisting of middle market asset - backed credit facil
credit relating to a
loan portfolio consisting of middle market
asset - backed
credit facil
credit facilities.
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.
In its October review, the agency said the NPLs — comprising corporate, interbank and private
loans — and the banking sector's «exceptionally weak
asset quality [are] a key weakness for Cyprus's
credit profile and [represent a] material downside risk to the recovery.»
There is a section for cash, investments,
credit,
loans, and other
assets, shown below.
Chart 2 highlights the growth in securitization across many different
asset categories besides residential mortgages, such as commercial real estate
loans, auto
loans,
credit card
loans and student
loans.
When you go to a lender seeking a home
loan, they are going to look at your front and back - end ratios, your
credit history, your
assets, and how large of a down payment you have available.
Its Wholesale Banking segment offers commercial
loans and lines of
credit, letters of
credit,
asset - based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, merchant payment processing, institutional fixed - income sales, commodity and equity risk management, corporate trust fiduciary and agency, and investment banking services, as well as online / electronic products.
Another way to qualify for a conforming
loan with a lower
credit score is to save money: Fannie Mae's eligibility matrix drops the minimum
credit score by 20 points if you can show that you have enough
assets to cover 2 to 6 months of monthly mortgage payments.
Qualified franchisees will have good
credit and approximately $ 80,000 - $ 90,000 in liquid
assets and possess a net worth of approximately $ 350,000 in order to qualify for a Small Business Administration (SBA) commercial
loan.
«We saw total average deposit growth;
loan growth in our residential mortgage,
credit card and subscription finance portfolios; as well as higher
assets under management in Wealth and Investment Management.»
An
asset - backed security (ABS) is a financial security collateralized by a pool of
assets such as
loans, leases,
credit card debt, royalties or receivables.
Once Quicken
Loans has verified your
credit and
assets you may be pre-approved for a
loan.
The rates and fees provided by CommonBond evaluation are estimates and the rates actually provided by CommonBond may be higher or lower depending on your complete
credit profile, and income /
asset considerations including but not limited to
loan to value and debt to income ratios.
As you can see, this month my cash went down, other
assets (Lending Club
loans that I cashed out) went down, and my
credit card balances went way down.
We expect that the New
Credit Facility will contain a number of covenants that, among other things, restrict SSE Holdings» ability to, subject to specified exceptions, incur additional debt; incur additional liens and contingent liabilities; sell or dispose of
assets; merge with or acquire other companies; liquidate or dissolve itself, engage in businesses that are not in a related line of business; make
loans, advances or guarantees; pay dividends or make other distributions (with certain exceptions, including tax distributions and repurchases of management equity); engage in transactions with affiliates; and make investments.
This means having a few years of
credit history, a variety of account types (i.e.,
credit cards, mortgages, installment
loans, etc.), liquid savings and
assets and a low debt - to - income ratio.
It is easy to qualify for factoring and NOT like traditional financing or bank
loan or lines of
credit where approval is based on your personal and direct business
credits and
assets.
During the pre-approval process, your lender will take a complete
loan application which includes performing an income and
asset verification, and he will account for specific
loan traits which may affect your final approval such as your personal
credit scores, any required child support payments, and the availability of a co-signer, as examples.
Franklin Square Capital Partners originated a $ 260 million unitranche term
loan to support the acquisition and combination of Trover Solutions and Equian by New Mountain Capital, a New York - based alternative investments firm that manages approximately $ 15 billion of private equity, public equity and
credit assets.
In a related transaction, NewStar has entered into a definitive agreement to sell a portfolio of investment
assets, including approximately $ 2.4 billion of middle - market
loans and other
credit investments, to a newly formed investment fund sponsored by GSO Capital Partners, the global
credit investment platform of Blackstone Group.
Also, at year end BXMT issued a $ 1 billion CLO and innovative financing participation in 31
loans and a new source of
credit for the balance sheet
assets.
Officially known as the VA Interest Rate Reduction Refinancing
Loan (IRRRL), the VA Streamline Refinance also waives income,
asset, and
credit score verifications.
According to the Mission
Asset Fund, businesses are most often denied
loans due to «having no
credit history or a low
credit score.»
The USDA Streamline Refinance Program does not verify income,
assets or
credit; and, homeowners using the program to refinance are limited to 30 - year fixed rate mortgages and 15 - year
loans.