Sentences with phrase «not needed for loans»

Collateral is not needed for loans under 100k and no appraisals or business plans required.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Even if you can afford to pay for school, and do not need a loan, it will benefit you to take one out.

Although they don't require the all of the same documentation traditionally needed to apply for a loan at the bank, there are certain documents you should expect to have at your fingertips when completing your application, including:

These loans are an option for businesses looking for smaller amounts of money to start or expand — but don't need the larger loan amounts typically associated with a 7 (a) loan.

A temporary cash flow loan probably won't make sense for every business or business need, but can be beneficial to generally healthy businesses that need access to capital quickly and have the means to repay the loan over a short period of time.

Knowing where to look for a quick business loan when you need an answer right away can sometimes make the difference between solving a problem, taking advantage of an opportunity, or not.

Nellie brings up a great point, the business entity you choose matters to many lenders, but it doesn't mean you won't need to provide a personal guarantee when your small business applies for a loan.

There is precedent for central banks offering credit to individuals, and infinite maturity loans with no interest don't have credit risk, so there is no need for collateral or government indemnity.

If you want an investment property loan from a bank, you'll generally need to have an excellent credit score (at least 720 on the FICO scale) to qualify for a reasonable interest rate, but that is not necessary for a hard - money loan.

The more you know about the type of loans that work best for your business need, the less time you'll spend applying for financing that won't help your business.

Merchant cash advances are a good option for small business owners that collect payments through cash, checks or credit cards (as opposed to invoices), have a high volume of sales, need funding quickly or may not qualify for a traditional bank loan.

Meeting these requirements does not guarantee that you will be approved for a loan, but these are the basic criteria that you need to meet to even be considered.

We're the go - to source for merchant cash advances and small business loans in Pennsylvania, not only because of our willingness to lend but also because of our streamlined funding experience designed with those who need PC business loans in mind.

If you need money quickly or can't qualify for a bank loan, you may want to consider an online loan from alternative lender.

They can be a good option for borrowers who need to move quickly on a property but don't want to pay the high rates that come with a hard money or bridge loan.

You don't want to over - or underestimate the amount you need, as you want to make sure you can get approved for a loan and have enough money to cover what you need.

Although the requirements to qualify for the loan aren't too much, yet there are still some that need to be met.

But not every other person can apply for a loan at lightstream, you need to have excellent credit score, stable job and sufficient income with a strong savings background to qualify.

Online business loans: If you can not qualify for a bank or SBA loan, or if you need money very quickly, you should consider an online business loan.

While parents don't want children to have to borrow for college, no bank is going to give a loan to a 75 - year - old who has run out of savings and needs food, medicine and electricity.

Subsidized loans are available to undergraduates who demonstrate the need for financial aid, while unsubsidized loans are available to both undergraduate and graduate students who are not required to show the need for financial aid.

Although some graduate students may have the credit and income history needed to qualify for a private student loan without a cosigner, most undergraduates will not.

It also meant the company didn't need to spend as much to refurbish aging restaurants; instead, it offered incentives and lined up loans for franchisees to revamp their locations, replacing dull old plastic countertops with shiny metallic surfaces and futuristic stripes of neon.

This kind of refinancing isn't for everyone, and if you don't need a second loan then you shouldn't take one out.

Wallin adds, «If the goal is to pay [your loans] down quickly, one doesn't want to lose sight of the need for an emergency fund and to not give up any freebies like 401k match.»

You don't necessarily need an excellent credit score to qualify for a home loan (lenders are currently qualifying borrowers with scores in the low to mid-600 range, according to a recent industry survey).

So when a client goes in to see their banker for a capital need and the banker either can't approve them for a loan, or the banker says, «we don't do that type of financing,» the banker faces the risk of losing the depository relationship.

Banks aren't always amenable to financing equipment; plus, you may want to preserve your bank loan capacity for other operational needs or growth opportunities.

Becoming a broker does not require a degree, but there are many sources for reputable loan broker information — entry level positions at firms, night courses, and The Commercial Capital Training Group (which will give you the tools and introduce you to a network of lenders)-- to get the training and resources you need to start running your own business broker business.

You can apply for federal loans just by filling out the FAFSA — you do not need a cosigner and you won't have to undergo a credit check.