Making Your Business Happen with a Commercial Lender

Written by Cameron Brown


If your home business is starting to overflow fromrepparttar office into other parts ifrepparttar 111798 house, it may be time to consider finding a building large enough to handle your startup's rapid growth. Most businesses are unable to generate enough revenue at this phase of growth to allow you to purchase a new facility outright. In fact, businesses of all sizes commonly go through a commercial lender when acquiring new real estate.

There are literally hundreds of commercial lenders out there waiting to provide you with growth capital. You've probably seen their advertisements pop up on your browser offeringrepparttar 111799 lowest rates and best service. With so many lenders to choose from, how can you get pastrepparttar 111800 gimmicks to findrepparttar 111801 one that will fill your needs?

Let's start withrepparttar 111802 type of business you want to open. Are you thinking of a manufacturing, retail, agricultural, or service business? There are many different types of business, all with their own unique facility requirements. However, not every commercial lender will finance every property type. Here's a brief list ofrepparttar 111803 different types of property that a lender may (or may not) finance:

· Agricultural (Ranches, Farms) · Automotive (Gas Stations, Car Washes) · Hospitality (Hotels, Motels) · Industrial (Heavy/Light Manufacturing) · Leisure (Golf Course, Amusement Parks) · Mobile Home Parks · Office Buildings/Complexes · Parking Lots · Retail (Shopping Centers, Strip Malls) · Tenant Buildings (Apartments, etc.)

Besides finding a commercial lender who will financerepparttar 111804 type of property best suited for your business needs, you also need to consider what kind of loan options will be best for you. Some lenders are fairly flexible in their loan offerings; non-recourse, mezzanine, and bridge loans may all be useful options depending on your individual requiremnts and circumstances. In addition, many commercial lenders also provide construction financing for borrowers who would prefer a custom facility. Renovation and repair financing is also a common offering by many lenders.



Know Your Credit Card Rights

Written by Chris Cooper


When you apply for a credit card,repparttar application that you sign is also a legally binding contract laying out allrepparttar 111797 terms between you andrepparttar 111798 bank, such asrepparttar 111799 interest rate and how its calculated,repparttar 111800 grace period, whether there’s an annual fee, etc.

While you have to agree torepparttar 111801 terms and sign if you wantrepparttar 111802 credit card and whilerepparttar 111803 lender will certainly hold you torepparttar 111804 terms,repparttar 111805 lender doesn’t feel similarly committed.

Lenders like to constantly amendrepparttar 111806 terms, effectively changingrepparttar 111807 deal after it was made. This is one ofrepparttar 111808 few industries where you can be charged more than you originally agreed to pay.

One ofrepparttar 111809 main reasons they’re doing this is because they are constantly checking your credit score, looking for an excuse to raise rates and thus their income.

So, even if you have never been late on any payment to any bank or utility, your credit score can raise as you’re approaching your credit limits. Or you could have missed a payment or lost your job. Lenders have any number of excuses for their actions.

Alsorepparttar 111810 lenders count onrepparttar 111811 customers not readingrepparttar 111812 little inserts filled with legal jargon they slip in with your bill or mail separately, at least until it’s too late. Apparentlyrepparttar 111813 vast major of card holders never look at these amendments. Theu also hope that most of us are ignorant of our credit card rights.

Not all changes torepparttar 111814 credit card agreement are necessarily harmful to you, although you'll rarely find one being done in your interest. Most of them change minor terms ofrepparttar 111815 agreement.

But they can contain nasty suprises as well.

The problemrepparttar 111816 lender has is thatrepparttar 111817 original agreement is a binding contract thatrepparttar 111818 lender can’t change unilaterally. They have to give you an out. That’s why it pays to pay attention and know your credit card rights.

I once had a credit card account withrepparttar 111819 stated interest rate of 13.5%. I was financially strapped and was using more and more of my available debt. I had never missed a payment or was late to anybody for at least 10 years.

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