Sentences with phrase «number of business loan»

The Small Business Association offers a number of business loan programs that you can use to get your business off the ground.

When you have excellent credit and a record of managing your finances well, a large number of business loan options are at your disposal.

The bank said Elio and his companies had failed to make payments on a number of business loans, according to the 2010 complaint.

Not exact matches

Despite the recent rise in the number of small business loans, small business lending still has not returned to their highs.

The number of small business loans, defined as loans of $ 1 million or less, declined 4.7 % in 2011, according to the Federal Reserve Board of New York in its most recent survey of 544 small business owners.

Factoring is one of a number of alternative sources of financing for small and midsize businesses when a bank pulls their credit line or says no to a traditional business loan.

There are a number of different options out there, but typically the best route for a small business is to combine all of your short - term loans into one larger payment.

The number of small - business loans fell dramatically during the recession, as big banks cut off credit to customers they considered risky and many smaller and regional banks that once lent to local business owners shut their doors.

Typically, these businesses describe their loans as faster and more readily available to customers than bank loans, because they leverage technology to evaluate risk on a number of factors, as opposed to relying solely on credit scores.

Commercial and industrial lending is increasing for larger companies, but according to the Thompson Reuters / Pay Net Small - Business Lending Index, the number of traditional bank loans to small businesses has fluctuated wildly over the past year.

Applicants are directed to furnish basic information about themselves and their businesses, including personal information (full legal name, street address); basic business information (employer ID number, type of business, number of employees, banking institution used); names and addresses of management personnel; estimated business expenditures and costs (including details on the SBA loan request); summary of collateral; summary of previous government financing; and listing of debts.

The policy that councillors will vote on won't immediately decrease the city's number of payday loan businesses to 15 to match its number of wards because it will grandfather in existing companies, but will prevent new ones from opening, said Tom Cooper, the director of the Hamilton Roundtable for Poverty Reduction.

«A number of conditions should be reviewed based on the strategic plan of the company to make sure the loan is good for them,» says Donna Holmes, director of the Penn State Small Business Development Center.

Unfortunately, not many of the top 100 banks does a good job making smaller loans, available to business owners, in the $ 40,000 to $ 50,000 range, based on my analysis of the numbers.

Consider Peer - to - Peer Lending Following the credit crunch and Great Recession, banks are still cautious about extending loans to small businesses prompting a growing number of potential borrowers to search for loans online: peer - to - peer lending.

For instance, if you're in the beginning stages, you may decide to use your bed and breakfast business loan to renovate your home and add bedrooms and bathrooms so it can accommodate a certain number of guests.

If your dream is to add to this number by starting your own bed and breakfast, or if you already own a small motel or resort and want to take bigger chunk of the total worth, there are some things you need to know about your financing and small business loan options.

Unlike your personal credit, it's not expressed in a fairly universal score, but rather is typically expressed in a series of reports that address how timely a business repays vendors who offer payment terms, their payment history with any current small business loans, industry information (including the overall creditworthiness of other businesses within that industry), and comparisons between the business and others within the same revenue class, size, number of employees, and the region where they do business.

Although a strong profile is not a guarantee your business will qualify for a loan or even a guarantee of better rates, a good profile will increase the number of loan options available.

There are certainly costs associated with borrowing that need to be considered, but if the total dollar cost of the loan enables the business to generate additional profits, it could be a good decision — provided the numbers make sense for your business situation.

When you consider a small business loan for buying inventory, you should consider a number of factors, including the overall cost of the loan.

Today, for a number of reasons, many banks are reluctant to issue loans under $ 100,000 or lend to a business that doesn't do $ 1 million or more in annual revenues.

Even though these particular loans are being taken out at amazing rates, a lot of small business owners still have a number of questions when it comes to borrowing money to cover their small business needs.

That's because a number of our small business loan options can be secured within a couple of days versus the traditional weeks or months.

There are a large and increasing number of loan options available to business owners, and we expect to see even more changes and new players in the coming years.

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.

Here at Fundera, we've seen a number of wild success stories with debt refinancing — especially when it comes to graduating small business owners from expensive short - term financing to bigger and better loans.

There are a number of factors at play when calculating business loan interest rates, including the length of time your business has been operating, the industry you operate in and of course your month to month turnover.

Business loan brokers have a number of tools at their disposal in order to attract potential clients and work with them.

Since the major banks are still largely ignoring small businesses, there are a high number of entrepreneurs looking for loans from other sources.

Technological improvements and capacity - building projects are two areas of investment which the federal and provincial governments are most active in supporting, providing a number of grants, loans, and tax incentives for businesses to access.

Finally, there are a number of export and international trade loans under the 7 (a) program that allow business owners to start or expand their export business.

Aside from running into trouble qualifying for a loan, if you can't make your payments on time, you'll pay any number of fees — and potentially dig your business into a hole of debt.

«We have successfully increased our business volumes in both the areas of corporate financing and leasing,» says general manager Hans Pajoma, adding that thanks to the improved economic environment, the number of problematic loans decreased, which benefited the results.

Having lost Wilshere to a long term ankle injury and Arteta for a number of weeks in recent days, bodies are certainly required in central midfield for Arsenal, so a loan move for Ledesma could represent a canny piece of business as long as it is backed up by quality additions.

Over the past four years, bank small business lending under $ 250,000 has decreased by 60 percent in number of loans and 48 percent in dollar terms.

Loans are available to most businesses, and may be used for any number of things such as buildings, machinery and equipment, moving expenses, inventory acquisition expenses, or working capital.

These lenders also do loans in a business name (never shows up on your personal credit report), they can do several properties in one loan (known as a blanket loan), and they can finance an unlimited number of properties.

Unlike your personal credit, it's not expressed in a fairly universal score, but rather is typically expressed in a series of reports that address how timely a business repays vendors who offer payment terms, their payment history with any current small business loans, industry information (including the overall creditworthiness of other businesses within that industry), and comparisons between the business and others within the same revenue class, size, number of employees, and the region where they do business.

While mortgage brokers used to dominate the home loan business, new regulations and changes in the way these financial professionals get paid have shrunk the number of brokers in business.

Corporate business is very attractive as there is virtually no limit to the number of loans a business may take, provided a positive credit profile is established and is reported by credit - reporting agencies.

Lending Club can also provide a source for loans for any number of reasons including home improvements, funding a home business, consolidating debt, and more.

Online medical loan servicers tend to have better rates due to the number of lenders who write these types of loan that are now doing business on the Internet.

LoanMe is an online lender with headquarters in California that offers both small business loans and personal loans to residents of a number of states.

The presence of a short - term loan can inflate your numbers and make it appear that your business is in financial trouble.

Unfortunately, new revisions to how the FHA goes about its business could dramatically decrease the number of people who qualify for loans from the agency.

Although a strong profile is not a guarantee your business will qualify for a loan or even a guarantee of better rates, a good profile will increase the number of loan options available.

A person desiring to engage or continue in business in this State as a loan broker shall apply to the administrator for a license under this article on or before January 31st of each even - numbered year.

There are a large and increasing number of loan options available to business owners, and we expect to see even more changes and new players in the coming years.

Grants.gov provides the most comprehensive government loan and grant reference library, and the Small Business Administration administers a number of loan programs that may help you relieve your debt.