When is a Commercial Lender not a Commercial Lender?

Written by Cameron Brown


Continued from page 1

With more commercial lenders marketing themselves allrepparttar time,repparttar 136536 value of brokers may diminish significantly inrepparttar 136537 near future. There are several significant advantages to having direct access to a commercial lender: 1) No broker fees. 'Nuf said. 2) Timely answers. Direct communication equals direct answers to your questions. A commercial lender either can, or cannot provide you with a loan-there's no incentive for them to waste time trying to figure out if you qualify or not. A broker, onrepparttar 136538 other hand, will often times spend considerable time finding what deal is best for them by going from direct lender to direct lender. If a commercial lender can't help you, they will be able to tell you what other lender can. 3) Timely closings. By working directly with your lender, issues can be resolved, questions answered, and loans closed. Loans options not offered through a broker may be available by going directly to a commercial lender.

What'srepparttar 136539 Trade-Off of Using a Commercial Lender? Because ofrepparttar 136540 quick turn around and conveyance provided by bridge loans and other high-risk commercial lender loan products, rates can be higher than at a bank. If you haverepparttar 136541 time andrepparttar 136542 financial qualifications, you might be best served at your local bank. However, commercial lenders are a great option for people with 'near-bank' loans, in other words, loans that were almost approved byrepparttar 136543 bank. With so many potential lenders available, it may seem a little daunting to find an option that works for you. Many timesrepparttar 136544 only significant factor that sets two commercial lenders apart isrepparttar 136545 quality of their customer service. Traditionally,repparttar 136546 commercial loan market is notorious for being short on professionalism. Find a lender who is willing to takerepparttar 136547 time you need to understandrepparttar 136548 details of your loan.




Cameron Brown is an internet marketer specializing in ranking automation. For information on how a Commercial Lender can help your business, visit Security National Capital.


Financing a Business

Written by Willard Michlin


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Once you decide onrepparttar business you want, a business plan onrepparttar 136535 business is essential before approaching a lender. They will want to see that you have some familiarity withrepparttar 136536 industry ofrepparttar 136537 business and that you have some sort of management experience. Information onrepparttar 136538 availability of management and executives inrepparttar 136539 business that is going to stay after you buy it and so on should be included in this business plan. Also information onrepparttar 136540 training thatrepparttar 136541 seller is committing to pass on withrepparttar 136542 sales ofrepparttar 136543 business should be in this business plan.

If you handle these basics really well, it should be a relatively easy process to getting qualified forrepparttar 136544 funds to finance a business.



Willard Michlin is a Business Broker, California Real Estate Broker, Accountant, Well known Public speaker and Administrative/Business Consultant. He can be contacted at his Ventura, California office by calling 805-529-9854 or by e-mail at kismetrei@earthlink.net. See other articles by Willard Michlin at http://www.kismetbusinessbrokers.com


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