Sentences with phrase «sufficient collateral»

The bank looked at a proposed transaction to determine if the buyer could afford the payments, and typically sent an appraiser to see if the home represented sufficient collateral for the loan.

It is also likely that your company will be passed over if you are lacking sufficient collateral to secure a loan.

The lender will also check out the home you want to buy with the loan, to ensure the property serves as sufficient collateral.

A home appraisal is generally required by the lender in order to establish that the value of the home will be sufficient collateral for the amount of the loan.

As a result, even if you have less - than - perfect credit or don't have specific collateral of sufficient collateral value to secure a traditional small business loan, there are loan options available (provided you can demonstrate other healthy business fundamentals).

As a result, even if you have less - than - perfect credit or don't have specific collateral of sufficient collateral value to secure a traditional small business loan, there are loan options available (provided you can demonstrate other healthy business fundamentals).

Remember, most banks will require that you personally guarantee the loan, but if you have sufficient collateral within your business to cover the loan principal, they shouldn't require a lien on your home.

Banks examine certain thresholds for accounts receivable (AR) portfolios and look at hard assets to see if sufficient collateral is available.

To ensure you can cover any losses you might incur on your positions, OANDA requires sufficient collateral.

Review the appraisal to confirm the market value and determine if the property represents sufficient collateral for the loan

Given the recent housing crisis and its role in the Great Recession, NAR firmly believes that creating mechanisms to provide safety and soundness to the real estate market is necessary, and traditional in - person appraisals are a very important element of ensuring a home loan is supported by sufficient collateral.

They require impeccable credit history as well as more - than - sufficient collateral in order to successfully underwrite their loans, making it somewhat out of reach for the average borrower.

Secured loans that lack sufficient collateral can sometimes be made by having the lender secure a guarantee from the SBA.

Traditional refinance programs require home equity to be considered as sufficient collateral.

If (as is common with small businesses) the business does not have sufficient collateral the lender will require personal guarantees from the business owners.

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.

In other words, if the rest of your application looks good, but you don't have adequate collateral, your application for a 7 (a) loan won't immediately be rejected because you don't have sufficient collateral — but they will likely want to secure the loan with all the collateral you do have available.

If (as is common with small businesses) the business does not have sufficient collateral the lender will require personal guarantees from the business owners.

Since treasuries will not be safe anymore, they will no longer be a sufficient collateral for the financial institutions and will therefore cost more in terms of interest rate that is demanded.

An individual can get a loan only if he has sufficient collateral.

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.

Other factors lenders may consider are previous tax returns, whether you have a history of paying creditors on time, whether you have had any bankruptcies or bounced checks, whether you have sufficient collateral, and what you plan to use the money for.

In other words, if the rest of your application looks good, but you don't have adequate collateral, your application for a 7 (a) loan won't immediately be rejected because you don't have sufficient collateral — but they will likely want to secure the loan with all the collateral you do have available.

If you don't have sufficient collateral, you can still look into unsecured loan options.

Does the business have sufficient collateral?

Such a loan might be attractive to the lenders due to sufficient collateral.