Category Small Business

Quick: Short Message to Borrowers Amid Covid-19 Pandemic

New York City and many other cities in the U.S are on lock down because the numbers of casualties are growing exponentially. As of this writing, according to New York Department of Health, the U.S has confirmed 392,285 cases, 12,627 death, and 21,368 recovered. Our lives and businesses are about to change in a significant way. This is a new great depression that will reorganize the global economy in ways that are impossible to predict, currently. China’s locked down created a downfall in the financial markets, especially on the supply chain front. In order to keep the economy afloat, the Federal Reserve has injected $2 trillion into the economy and also slashed interest rate to zero. Currently, the 10-year treasury rate Is 0.726% and prime rate is at 3.25%.

We’re looking at i...

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…Three Conversational Points That Have Banks and Lenders Fighting Over Borrowers…

 Source: Bristol Mortgage It is not unanimity anymore about what the Federal Funds Rate experts have in store. In 2016 the conversation between many economists and other pundits was mainly about when a hike in rate was going to take place, and in the last quarter it inevitably happened. In an article on my blog titled, “The Most Important Commercial Real Estate Trends in Review 2016 and Expectation for 2017” there is a section about why rates will continue to rise in 2017. Not only rates rose at the end of fiscal year 2017 by 25 basis point than previous year, but the rise also continued to in 2018. In fact, many Fed officials advised that rates will rise to a range of 2.25 to 2.5 percent by the end of fiscal year 2018...

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Part 1: Seven Crucial Steps Use by Lenders for Sound Credit Analysis to Provide Funding

 Source: PaydayLoanCredit

Source: PaydayLoanCredit

There are many moving parts in the process of obtaining a loan from inception, through application until the loan is closed. The focus of underwriting, credit analysis and risks management have become the cornerstone of the process. Banks and lenders are not only in a business of providing loans and other financial services, but also mitigating and managing risks with any associated assets, entity, sponsor or firm they plan to fund. This is why many ratios are used when performing credit analysis to determine if a borrower and the company can be funded and how much loan proceed will be disbursed. This short post is to quickly explain 3 of the 7 crucial steps banks and lenders use for sound credit analysis to fund business deals.

Step 1: Story About the Business a...

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Concerning: Five Big Pitfalls Small Business Owners Fall Into and How to Circumvent Them…

 Source: EzyLearn Training Courses

Source: EzyLearn Training Courses

Usually at certain events that particularly catered to real estate and small businesses I often will hear “The entrepreneur bug biting a few.”  By this, I am referring to a select few individuals who wake up one day and decide to start a small business without a business plan or lack thereof any plan whatsoever.  Now being an entrepreneur and small business owner can significantly impact local economies by creating jobs, empowering young adults at learning other crafts, help a community and much more...

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