Sentences with phrase «when bank loans»

This is especially true when bank loans or credit lines are not available.

When the bank loans you money, it does so based on a high degree of information about your financial situation (through your credit report + additional information gathered at the time of granting your request).

When banks loan money, they are expecting a steady cash flow back.

And that price might not be available in 30 days when the bank loan will be approved.

When a bank loan goes 30 days delinquent in payments or past the due date, it becomes a scheduled item with the auditors.

Not exact matches

When you score an infusion of capital — whether through bootstrapping, venture capital or a bank loan — you're ready to add staff and kick your company into a higher gear.

Karen G. Mills, the head of the U.S. Small Business Administration, talks about the agency's 2011 record year in small - business loan guarantees, helping to fill gaps when banks were reluctant to lend.

When he first purchased his house, he didn't quite hit the 20 per cent down payment threshold; his bank offered him a loan to cover the difference.

On average, you pay a 1 - 3 % higher interest rate when compared to the prime rates found in lines of credit and bank loans.

New business owners seeking loans might be referred by a bank to a fintech partner, with the hope they'll return to the bigger financial institution when they're more established.

When I received the first letter from the bank saying that the hefty balance on my home equity loan was due, I freaked out.

It's a far cry from the days — say 15 years ago — when less than a dozen banks held a corporate loan on their balance sheet, and companies could renegotiate the terms of their loan with a single creditor, or a small committee.

Many small - business owners feel frustrated when they try to apply for a line of credit or a small - business loan — they feel like banks are only set up to loan money to big companies.

To many bankers and others in the industry, SBAExpress occupies the middle ground between a conventional bank loan and traditional 7 (a) credit — trotted out when a borrower is «just a little bit of a stretch beyond the normal credit limits,» according to Joel Pruis, portfolio management analyst at the Indianapolis consulting firm Baker Hill.

Not only do banks not lend their reserves, but they only lend when there is demand for loans.

D'Alessandro counters that such poor international performance is more likely because of a lack of leadership, a problem extending back to the less - developed - country debt crisis of the late 1970s, when many developing countries defaulted on their bank loans.

The 1,603 - page bill, negotiated by Republican and Democratic appropriators and leaders, drew Democrats» ire when they discovered it would roll back the Dodd - Frank law due to go into effect next year by killing planned restrictions on derivatives trading by large banks, allowing them to continue trading swaps and futures in units that benefit from federal deposit insurance and Federal Reserve loans.

Wells Fargo, the country's second - largest issuer of private student loans, said the bank does not accelerate debt repayment on the student customer when the co-signer dies or files bankruptcy.

The problem is starting to reek of the mortgage crisis, when banks made oodles by selling bad loans to hedge funds that were layering on leverage to bolster returns — just before the loan market dried up and banks were stuck with the bad loans themselves.

And then, simply because he was a very senior guy in age and experience, he was able to provide me access to business knowledge and experience: You know what happens when the bank turns down your first loan application?

When you go into the bank, you have to have to be able to present how every penny of the loan will be spent, and even then sometimes a first - time business owner seems too risky to the bank and you won't get the loan.

However, a nonexistent credit score is often the culprit when founders can't get a bank loan, says Bradley.

When the homeowner dies, moves or sells the house, the balance of the outstanding loan is due to the bank.

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.

The Federal Deposit Insurance Corp. counted $ 331 billion in commercial and industrial bank loans under $ 1 million as of Dec. 31, the largest amount since the end of 2008, when the government agency reported a record $ 336 billion in such loans that are generally taken out by small companies.

Simultaneously, when conditions are improving, business demand for loans rise, and banks respond by increasing their supply of loans, which are more profitable at higher interest rates.

When he wanted a loan to help the company grow faster, he found banks willing to lend to him — at annual rates of 20 percent or more.

While that is advantageous for most entrepreneurs, the reality is that banks have simply not been able to see much of a profit when they make loans.

«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.

Remember the bank bail outs when people realized that simply walking away from their home loans were far easier than continuing to pay a mortgage on a house that was worth far less than they owed for it?

Student loan borrowers could get some wiggle room when it comes to repaying private loans, thanks to two new proposals in the Senate banking bill.

Steve and Andi Rosenstein couldn't get a bank loan when they first started Fitigues Inc., now a $ 28 - million casual - clothing business, in Chicago.

As the saying goes, when you owe a little on a loan, the bank owns you.

(The difference is that in home equity loan, the bank provides a lump sum, often for a specific purpose, whereas a line of credit is much like a credit card — available credit for you to use when you need it.)

And keep in mind that these potential losses come at a time when banks have put aside loan loss reserves to cover just 1.4 % of their lending portfolio, their lowest in years.

Her stinginess with herself paid off in 1994, when Time Line Productions obtained a $ 200,000 bank loan earmarked to buy a 3,800 - square - foot office building, pay the company's taxes, and hire a vice-president of sales and marketing (husband Tim).

The ECB's annual report on its work as the euro zone's top banking watchdog shows some banks were found to be deficient in the way they identify problem customers and loans, set aside provisions and choose when to grant credit, among other areas.

Banks don't underwrite loans to companies losing money, even when there's a deliberate tax strategy involved.

When it comes to small - business lending (particularly for loans under $ 50,000), banks and credit card companies are also greedy.

FRANKFURT (Reuters)- European Central Bank inspectors found shortcomings and miscalculations worth more than 10 billion euros when going through euro zone banks» loan books last year, the ECB said on Monday.

The time to position yourself for a low - interest bank loan isn't when you're running out of money and struggling, says Klein of Consero Global.

When compared with the rest of the euro zone, Portugal still has one of the highest levels of non-performing loans in its banking sector.

While interest rates have been historically low for the past few years, a consequence has been that banks became stingy when it came to making loans.

«When the central bank promises a smaller payment, reserves are a less attractive investment, so banks will... move away from reserves and into loans,» Reis, an academic at the London School of Economics, wrote in the paper.

Low interest rates translate into lower profits when banks make loans, and all too often this curtailed their incentive to grant funding requests made by small business owners.

Pickel was 36 years old, an employee at a savings and loan bank, and married with four children when, after working a late night preparing files that he says probably netted the bank about $ 15,000, his boss chastised him for leaving the light on in the executive washroom.

Sellers face no risk and do not have to deal with wait times or bank loans when selling in cash.

In an internal memo from Goldman in May, when it hired Harit Talwar, an executive from Discover Financial Services, to head up is online lending division, the bank talked about its opportunity to participate in disrupting traditional finance, including with small business loans.

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.

When the bank denied a Toronto real estate investor a loan for not having stable income, he pawned luxury watches for $ 40,000 to help him pay the taxes and maintenance fees on seven condominiums he was trying to flip.