Sentences with phrase «loan need not»

A 500 or even 400 credit score personal loan need not be impossible if you follow the steps above.

Shopping for you bad credit loan need not be a nightmare.

Loans need not be classified if the institution can document clearly that repayment will occur irrespective of delinquency status.

Not exact matches

You probably don't want to go out of your way to take on loans you don't need, so don't worry: this factor only accounts for 10 % of your credit score, and you won't be penalized much for not borrowing too much all at once.

If a conventional business loan doesn't meet your specific needs, you may want to explore an SBA 7 (a) loan.

For example, if you buy a piece of machinery with a loan that was intended to fill a short - term need like employee payroll, then you risk being saddled with a loan that you can't get out from under.

This data was taken from loan applications, so it's possible that the workers in the study aren't making as much as other people — notably, those who don't need loans — doing business on these platforms.

Penny needed the money from Sheldon because she'd loaned her money to her muscular ex-boyfriend Kurt, who didn't pay her back.

The lender usually wants legal opinions from its counsel, charges loan commitment fees, and needs loan documents prepared, not unlike the fees involved in amortgage transaction.

If these business owners would have taken initiative much earlier, when the need wasn't as desperate, they may have had better loan options with lower interest - rates.

In any case, she suggests, the SBA's role in the American economy is statistically insignificant — less than 1 percent of all businesses receive SBA loans each year — yet constitutes unfair competition to businesses that don't need such help and a potentially huge liability to taxpayers should the economy tank.

CASPERSEN and Park Hill Group were working on behalf of Firm - 1 to solicit investors for the loan, but, at some point after Firm - 1 agreed to take the loan, it transpired that Firm - 1 did not need the loan in order to purchase the secondary private equity interests.

«If a bank's minimum loan is $ 500,000 and you need a $ 50,000 line of credit, don't be surprised when they don't return your calls,» Geshwiler says.

Also, the small amounts raised through crowdfunding — typically a few thousand dollars — are not enough to replace bank loans or other financing needed by aspiring franchisees.

These loans, limited to $ 1.5 million and not available to firms that were insured for their losses, are available to businesses of any size that need to repair or replace facilities to «pre-disaster» condition.

The SBA's various loan programs have provided needed funding for thousands of small enterprises who were unable to secure loans from lending institutions on their own; indeed, businesses can not solicit loans from the SBA unless they are unable to get funding independently.

«In my prior experience as the co-founder of a lending company, one of the most basic errors made by loan applicants was not telling me why their company needs the money.

Not sure if you need a loan or an investor — or if you should just fund through revenue a little longer?

«Franchisees generally can't take out a loan to buy the franchise, so they take a lot of money out of pocket to buy it, and then they need to put equity into the facility,» says Fillet.

Small businesses are often in need of quick capital that can't be accessed through traditional bank loans or credit cards.

When a Halifax contractor needed a loan to help fund a large construction job, for example, he was rejected by his bank for not having adequate proof of income.

After all, you won't need to apply for a loan if you have the capital necessary to cover all your upfront expenses.

Like the easiest time to qualify for a loan is when you don't really need the money.

You do not want to put your home at risk with a home equity loan nor do you want to run up high - interest credit card debt or dip into money in your retirement portfolio, which you'll need for your future.

«We were starting to see people who had never been in a pawnshop before, especially small - business owners who needed loans up to $ 50,000, and they couldn't get [the money] from their banks so were turning to pawnshops to cover their cash shortages,» Hills says.

Just last week, Wells agreed to pay a $ 1 billion fine to the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency to settle accusations it charged thousands of auto loan customers for insurance they didn't need and improperly charged mortgage customers to lock in interest rates.

That means the loans they did make were for very large amounts of money, which most entrepreneurs don't need, or wouldn't qualify for.

Those who choose not to provide access at that time will need to submit a copy of their most recent federal tax return to their servicer before the loan consolidation can be finalized.

Thirty - one percent reported all credit needs met (down 1 point) and 47 percent said they were not interested in a loan, down 4 points.

As I was looking on line for a small business loan, my husband was reading the sport page and came across your article and could not believe what he was reading, that you would be helping people in need, like us.

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.

The mortgage rate and payment results you see on these calculators are hypothetical and illustrative only and do not reflect your actual mortgage loan situation or needs.

You will need to determine whether or not you're looking for a business loan or equity arrangement, and which makes the most sense to meet your capital needs.

Combine this with the fact that once you do secure your business loan, you will need to provide at least 20 percent cash down, and it's no wonder that many prospective small business owners don't even consider SBA loans as a...

, or call to speak with a loan advisor, we came up with a checklist of items and qualifications you may need to have ready, so you don't waste your time with any back and forth.

In other words, many businesses, that don't need a lot of money to create a big impact, can use a micro loan to fuel growth initiatives or get their businesses off the ground.

Ben Bernanke, writing in 1990, noted that «making these loans must have been a money - losing strategy from the point of view of the banks (and the Fed); otherwise, Fed persuasion would not have been needed.

Applying for a small business loan is not as complicated as it seems and it doesn't need to take up a ton of your time.

Nevertheless, even if you do have the right credit score, have sufficient collateral, and meet the other requirements, a loan at the bank might not be the best loan to address your situation, so it makes sense to understand more about a loan at the bank and investigate all the options to make sure you pick the right loan to meet your small business needs.

I'm not in need of a mortgage and don't have student loans, so I opted for applying for a personal loan to help with a big expense I've got coming up.

The most important feature of small business banking is the relationship you have with your bank or credit union manager, not the cost of your small business bank account, as sooner or later almost all small businesses need a business loan and / or a line of credit.

Don't wait to shop for homeowners» insurance because it's a requirement for a loan, so you'll need to have quotes in hand before you can qualify.

Unsubsidized loans, on the other hand, are not based on financial need, and any student can receive one.

Even though she needed a loan to purchase an existing business, because she was a new owner, it was considered a startup and she wasn't able to get a traditional loan at the bank.

But if you don't need those options, refinancing could reduce your costs of borrowing with a lower student loan interest rate.

The SMART Box isn't intended to replace a lender's current loan disclosure information or documentation, but rather is intended as a supplemental disclosure that identifies key pricing information to make it possible for a small business to assess different loan products and determine the right fit for the business» need or use case.

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.

Because many of the business owners that find success with non-profit lenders are some of the smallest small businesses, the loan amounts and terms are a perfect fit for business owners that don't have large capital needs.

You do not need to be incorporated to get a small business loan provided you are a registered business with a business checking account and have a business tax I.D. number.

Some lenders, including many traditional lenders like the bank, do require specific collateral for a small business loan, meaning many potentially good borrowers could struggle to access the capital they need because their business doesn't have the needed collateral to secure a loan.