Get Cash for Structured Settlements and Annuities
   Call 1-503-643-9743 Home About National Funding Resource Associates Contact Us Examples of People We've Helped

Call Today
1-503-643-9743
Notice: These articles are provided "as is." National funding Resources cannot edit or change the information provided.
Get More Information

First Name:

Last Name:

Phone Number :

Email:

Enter the code as it is shown:

Your privacy is very important to us. We will not sell your information.

Financing Your Business Venture

by Mark Askew

Many small businesses were born during the recession of 2001. One key reason is that during a recession period overhead costs tend to be lower. Still the time comes when a business needs to ascend to higher ground and reach a larger group of consumers. This presents the challenge of finding money to finance your marketing plan. As with any major financing transaction one needs to be prepared with the appropriate documentation at hand as well knowing the methods of finding the best bargain small business loans available. So where do you start?

FIRST STEPS IN SHOPPING FOR BARGAIN LOANS.

1. Calculate what you can afford

Remember to include rates, points and fees.

2.If purchasing a home include insurance and taxes.

3. Get your credit report

4. Put your financial papers in order

These would include:

Bank statements

Mortgage papers

Insurance papers

Car loan papers

Tax ID

Business expense receipts

Taxes overdue

Other loan documentation

Credit reports

Other out-standing debt.

FINDING OUT HOW MUCH YOU CAN TO BORROW

4. Estimate your monthly/annual income

5. subtract income tax payments due

6. Calculate your monthly expenses and subtract this from the above

8. List any outstanding debt and subtract this from the above figure

7. Now figure out your net worth by calculating all assets.

Include investments, auto, home, CDs bonds stock estates etc.

Line 7 is your true net worth.

You would do best to borrow no more than 25% of your net worth.

Line 6 is your financing income. Income you can use for paying on a business loan and as well as other expenses. Its best to use no more than 50% of this and put the rest aside for investment and savings.

Now adjust the amount you wish to borrow based on true net worth and include any outstanding debt you wish to satisfy.
You are now better prepared to ascertain what is needed and what you can afford to request.

FINDING BARGAINS ONLINE

Thanks to the Internet you can become a part of a highly competitive marketplace of lenders competing for your business in a structured bidding system. One such resource is at http://www.mortgageloansearch.net. Consumers shopping for the lowest rates and attractive loan programs simply complete one application that is submitted securely to several lenders at one time. Lending networks like Loanweb.com offers low rate shopping in a highly competitive bid-for-your-business marketplace.

Lenders who win the bid tend to value their potential customer more and are more often willing to offer you a much better product with greater incentives and lower rates than their competitor. You have more options in choosing the loan thats best for you.

Online Loan Shopping Tips:

1. Dont accept the first or second loan offer.

2. Let lenders know if someone gave you a better offer and let them WIN YOU OVER.

3. Next, check rate trends and calculate loan rates and payments according to the lowest rates offered. This can be easily done online at top lending marketplaces online. Mortgage Loan Search at http://www.bcpl.net/~ibcnet reviews lending marketplaces offering tools, tips and guides to make the loan shopping process possible. Firmly hold to the lowest rates within your reach.

4. Dont give the impression that you absolutely must have this loan now. Your greatest bargaining position is not desperately needing the product being offered.

5. Ask about fees up front. Use the amortization calculator to figure in fees, insurance and tax payments.

FINDING A GOOD LENDER

It is always prudent to seek recommendations from credible sources regarding the lenders who make you an offer online. Seek individuals who have experienced the loan process and closing with the lender, broker and loan officers in question. Among the questions you could ask are:

1. Did the loan process go smoothly?

2. Were all your questions answered?

3. Was the process explained to you?

4. Were all fees discussed candidly?

5. Were there any undisclosed fees charged at closing?

6. Was every effort put forth to give you a deal to your satisfaction?

7. Were you pressured to sign anything against your better judgment?

8. Were all papers signed before funds were issued?

9. Was the settlement package complete?

10. Was there ample time to review all documents before signing?

11. Did you receive funds in a timely manner?

12. Were certificates of satisfaction and deeds of trust properly registered at the courthouse and filed? Were you given originals upon satisfaction of payment? If you get a positive response regarding the above and you are satisfied with rates and fees offered youre likely to come out the winner.


Mark Askew is editor for Mortgage Loan Search at http://www.bcpl.net/~ibcnet, an extensive business finance, lender directory and search engine for financing or refinancing business, home and business loans. Mark writes interest rate news and low rate financing tips and guides to shopping low interest rate loans online.


Need Cash?
Call now and get your free analysis.
1-503-643-9743

NFRA has many funding sources and can assist in finding the right one for you! For free analysis, call 24 hours a day at 1-503-643-9743 or Click here for the online conact form.


Featured Articles
5 MISTAKES People Make When Selling Structured Settlements for Cash Mistake 1: Agreeing to sell to the highest bidder. Unfortunately, some brokers or structured settlement/annuity sources will make a high offer just to get someone under contract. Then they will start making excuses and reduce the offer. Once you are under contract with a funding source, it is very difficult to back out. Even if you are able to pull out, you will have to start the whole process over again losing valuable time. Cash Now for Your Business Note People are interested in selling business notes for several reasons. Usually, the prospective seller has decided that he would rather receive the lump sum value of the business, rather than monthly payments. Often that's because he wants to invest in a new business. Other times, the prospective seller has an incentive such as an expensive wedding bill, college tuition or a retirement trip. Factoring Invoices - How to Get Off The Cash Flow Merry-Go-Round All businesses want to be successful and to be successful you must have sufficient cash flow. Are you tired of your unpredictable cash flow cycle? Is the ritual of making incoming cash receipts stretch to cover short-term obligations frustrating your business and making you dizzy? Cash Now for Your Real Estate Contract The private mortgage industry is a relatively young business with roots that can be traced directly to the emergence of seller-backed, or owner, financing. Prior to the very high interest rates of the late 70s and 80s, seller-backed financing was not a common financing option. The only loan option for most real estate buyers was through a bank or savings and loan institution. But with interest rates topping out at 22 percent, financing for real estate was either unavailable or too unattractive for most buyers. Real estate sales plummeted.

Other Related Articles

The History of Invoice Factoring Factoring is one of the oldest business practices known. We know that it was used at least as long ago as the time of the Ancient Roman Empire, when merchants would enlist the help of collectors in order to settle trade debts. The primary reason for factorings long history is that it addresses a very fundamental problem in business itself: cash flow. What is Factoring and Invoice Discounting Factoring and invoice discounting (known as debtor finance) can dramatically improve your cash flow by releasing money as soon as you have completed an order and raised an invoice rather than having to wait for your customer to pay. This makes them ideal for funding growth. Because its linked to sales, factoring or invoice discounting is ideal if your business does not have the financial track record or security available to negotiate sufficient overdraft facilities. Why Are Mortgage Notes Discounted Anyway When real estate note brokers purchase partially paid notes, they pay the note holder a discounted price after factoring in the time value of money, the payer history, and property condition. Working Capital is Paramount to a Businesses Livelihood All of the planning in the world is an exercise in futility without the working capital to successfully carry out the plan. If a business sells to customers on terms, then working capital availability is dependent on cash flow timing. In most instances a business will incur a cash flow gap between the time cash is required for inventory, payroll and operating expenses, and the time cash is received from customers paying on terms. Lets explore a simple example of this timing difference that makes up the cash flow gap:

More Articles


HomeContact UsAbout UsExamplesArticles

© nfra.us, All Rights Reserved

National Funding Resource Associates
2850 SW Cedar Hills Blvd, #325 | OR | 97005 | USA
Phone: 503-643-9743 | Fax: 503-671-9381