5 December 2008 - by davidguide
Cutting even a half a point off of a commercial loan’s interest rate can save a business thousands – even millions – of dollars over the life of a loan.
It is possible to look to obtain a lower one for your business loan, whether the loan is existing or new.
Strategy #1
A good interest rate negotiation strategy is to obtain multiple quotes for your specific business loan request from at least two other lending institutions. This can create a “bidding war” provided your financials and company background are both sound. Read the rest…
4 December 2008 - by davidguide
Getting a business startup loan is never a cakewalk. And in this economy … yeeesh. “Challenging” doesn’t quite describe it. The economy is one big lemon right now. Squeezing out a drop or two of sweetner for your business presents unusual challenges.
Ironically, business startup loans are still being made. Maybe not as many as a couple of years ago, but they are still being made. Some of that funding can be yours, even if your business is a startup. There are steps that creative entrepreneurs can take to get that funding. Read the rest…
2 December 2008 - by davidguide
Home loans for people with poor credit demand that you understand the requirements for a subprime mortgage loan to get the best rates and terms. By satisfying the requirements, you can be assured of securing a subprime mortgage to buy a home.
Time To Rebuild Credit
Depending on subprime mortgage lenders, you can be approved for a mortgage loan after two to three years of a foreclosure or bankruptcy. Within those three years, by making regular payments, you can end up having a good credit score. Read the rest…
