Sentences with phrase «secured loan from a lender»

Many people, even people with stellar credit, will try and fail to secure a loan from a lender, because of the VA guarantee, underwriting guidelines are more relaxed than traditional loans.

Not exact matches

The SBA describes the program thusly: «Typically, a 504 project includes a loan secured with a senior lien from a private - sector lender covering up to 50 percent of the project cost, a loan secured with a junior lien from the CDC (a 100 percent SBA - guaranteed debenture) covering up to 40 percent of the cost, and a contribution of at least 10 percent equity from the small business being helped.

If your business is very young, has poor credit, or presents any other kind of risk to your lender, you may find it difficult to secure a term loan from a traditional lender.

The amendment provided for (i) an immediate reduction in the interest rate margin applicable to the loans outstanding under the Senior Secured Term Loan Facility from (a) 3.50 % to 3.00 % for LIBOR borrowings and (b) 2.50 % to 2.00 % for base rate borrowings, (ii) an immediate lowering of the LIBOR floor for loans outstanding under the Senior Secured Term Loan Facility from 1.25 % to 1.00 % and (iii) the borrowing of incremental term loans, the proceeds of which were used to repay the outstanding loans of lenders that did not consent to the repricing amendment (the Non-Consenting Lenders) in an aggregate principal amount of approximately $ 99.6 million, which is the amount of loans held by such Non-Consenting Lenders on February 8lenders that did not consent to the repricing amendment (the Non-Consenting Lenders) in an aggregate principal amount of approximately $ 99.6 million, which is the amount of loans held by such Non-Consenting Lenders on February 8Lenders) in an aggregate principal amount of approximately $ 99.6 million, which is the amount of loans held by such Non-Consenting Lenders on February 8Lenders on February 8, 2013.

Thus, from early August to mid-November of 2003, lenders were sometimes willing to pay interest on loans secured with the note.

Although the requirements might vary from lender to lender, most online lenders don't require specific types of collateral to secure a loan.

Small business loan rates and costs can vary, making it extremely important to secure yours from a lender who understands your revenue and working capital needs.

No medical exam life insurance is also handy if you need instant life insurance in order to secure a person or business loan, a common requirement from institutional lenders.

Guidant clients have a 96 percent funding success rate once a loan offer is secured from a lender.

Unlike traditional lenders that offer you a loan secured by the value of your accounts receivables, receivables factoring lets you sell your outstanding accounts receivables for an immediate influx of cash without the burden of repayment from you, rather from your debtors

If your business is still in the early stages, it may be difficult to secure a loan from traditional lenders like a bank since they require a positive credit history, collateral, business plan, projected financial statements, and cash flow projections.

Just make sure you are getting a secured installment loan from a reputable lender.

According to the company, GemCap is an equity investor in low - and middlemarket sized companies, but it also provides asset - based loans — ranging from $ 1 million to $ 10 million — as a senior - secured lender.

By acting as a partial guarantor or «co-signer» for the school's lease or loan payment obligations, IBBF is used to induce, leverage and partially secure funding from private capital investors and traditional banking sources (landlords and lenders) to provide a 100 percent financed facility at an affordable cost to the charter school borrower.

If you secure a loan on your own using collateral and you default on it, the lender typically forecloses on the collateral and attempts to collect the remainder from you personally.

No medical exam life insurance is also handy if you need instant life insurance in order to secure a person or business loan, a common requirement from institutional lenders.

The terms afforded to them from military lenders are too good to ignore, and the chances of securing a $ 20,000 military personal loan are far better.

This loan type is an unsecured personal loan and though secured loans are available during Christmas season with promotional interest rates and other advantageous terms, what most lenders offer during these holidays is an unsecured personal loan that they call Christmas loans for advertising purposes and to differentiate them from the other unsecured personal loan products that they usually offer.

The chief difference between the two is that secured loans come with collateral, from which lenders can get compensation should the borrower default.

Remember that secured loans may have lower APR than unsecured offers from the same lender.

Though the risk of repossession may drive you away from secured loans, the truth is that even with an Unsecured Bad Credit Loan, the lender can take legal action against you to recover his money.

One alternative is to refinance with another lender by paying off the first lenders, terminating the original lien, and getting a larger secured loan from the second lender.

From the lenders perspective, a secured loan has a safety net to fall back on if the borrower defaults.

When getting a loan from a private lender, the loan would be secured against the property.

If you don't meet this cutoff, we recommend considering a secured loan option (either from your bank / credit union or an online lender) or an unsecured loan from an online lender like OneMain Financial or iLoan.

However, the lender is entitled to know private financial details like income earned, credit ratings and securing automatic unsecured personal loan repayments directly from your bank account.

It is important to understand, however, that securing your loan with your personal assets besides the car you are purchasing is an additional risk in case of default, as lender may repossess your assets to cover the losses from your default.

The fact that there is equity available on a property provides tranquility to a lender even if the property is not used as collateral because the lender knows that in the event of default, even though the mortgage lender has privileges over the property, he can still collect from the remaining amount produced by the sell of the property if the balance on the secured loan does not exceed the value of the property.

It differs from a mortgage, car loan, or secured loan in that the lender can not directly seize your assets if you fail to pay back the loan.

Of course, a secured loan application is not going to be so readily rejected, but even with unsecured loans, the terms available from online lenders are usually better than any banks can offer.

The lender is «secured» because in the event you default, they can take your property from you and sell it in satisfaction of the loan.

When a loan is secured, collateral is provided from which the lender can draw compensation should the borrower default on their repayments.

All the steps taken to maintain a secure position of the lender from the time loan is originated until the last payment is made.

Good day everybody my name is Nelson Mac am from Sweden but i live in United State San Antonio Texas few years back i was financially strained i rushed to my bank to apply for a loan to start up my business but i was denied by my bank because of my credit score and they could not help and due to my desperation i was scammed by several online lenders who promised to help me but at the end i was scam i lost my money and my hope because i was so frustrated, One day when i was going through the internet again i found one lender call Mr Larry Scott i thought to give it a try one more time to my biggest surprise he was able to lend me a secure loan totally the amount of $ 200,0000 for the first time in my life i realize that there are few lender who don't scam people his name is Mr Larry Scott i will advice any body that are in need of loan to contact him with his Email ([email protected]) he can be able to help you because he was a God sent to me this year and i will never forget him for the help he render to me.

(1) The following shall be exempt from the Credit Services Organization Act: (a) A person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act, 12 U.S.C. 1701 et seq.; (b) A bank or savings and loan association whose deposit or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or a subsidiary of such a bank or savings and loan association; (c) A credit union doing business in this state; (d) A nonprofit organization exempt from taxation under section 501 (c)(3) of the Internal Revenue Code; (e) A person licensed as a real estate broker or salesperson under the Nebraska Real Estate License Act acting within the course and scope of that license; (f) A person licensed to practice law in this state acting within the course and scope of the person's practice as an attorney; (g) A broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (h) A consumer reporting agency; (i) A person whose primary business is making loans secured by liens on real property; (j) A person, firm, corporation, or association licensed as a collection agency in this state or a person holding a solicitor's certificate in this state acting within the course and scope of that license or certificate; and (k) A person licensed to engage in the business of debt management pursuant to sections 69 - 1201 to 69 - 1217.

New Mexico residents with high amounts could be eligible for secure loans from reputable lenders.

However, securing fix and flip loans in San Diego from traditional lenders like banks can be difficult.

Missouri residents with high amounts could be eligible for secure loans from reputable lenders.

Tennessee residents with high amounts could be eligible for secure loans from reputable lenders.

New York residents with high amounts could be eligible for secure loans from reputable lenders.

Indiana residents with high amounts could be eligible for secure loans from reputable lenders.

Nebraska residents with high amounts could be eligible for secure loans from reputable lenders.

Idaho residents with high amounts could be eligible for secure loans from reputable lenders.

South Dakota residents with high amounts could be eligible for secure loans from reputable lenders.

For example, a loan from a general lender is independently secured and carries with it all of the responsibility any other loan agreement has.

Some interest rates are high (especially from subprime lenders), the lengthy term of the loan means that repayments are kept low, and the chances of securing loan approval are much greater.

Between a secured credit card and a credit builder loan from Self Lender's banking partner, you'll find yourself on the fast track to building credit.

Since then mortgage lenders have strayed away from secured debt consolidation loans and the only way to consolidate debt was to take out a cash out refinance loan.

If you are unable to qualify for a personal loan consider a secured personal loan from Self Lender.

For anyone with a poor credit history, the challenge of securing a loan from a traditional lender can be quite severe.