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mike Using the SBA 7(a) Loan for Start-Up Funding Note: This is a reprint off the SBA website. With SBA and start up funding, you must prep yourself. SBA does require good credit and strong personal financials. The benefit of SBA financing is that your investment is minimal, but they do expect you to have some … Read more
Commercial Underwriting Guidelines Commercial underwriting entails many factors which basically surround the borrower and the property. But we have included as much detail that surrounds what really goes into a full doc loan, such as a conventional or SBA financing program. Financial Analysis A key component in making an underwriting evaluation is the debt coverage … Read more
Running a Business Is More Than Just Sales I know you are probably sick and tired of hearing about the CoronaVirus, but if it did teach us one thing is that we were not prepared for what happened both personally and in business. Many people are finding themselves in financial predicaments trying to make ends … Read more
Should You Buy or Lease Equipment for Your Business? Just about every business needs equipment to start and grow and at some point, you’ll need to decide what’s best for your business: Should you buy or lease equipment? The answer may clearly be one or the other, although depending on the phase your business is … Read more
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Merchant Cash Advance Consolidation Many business owners fall for the multiple loan syndrome or in the merchant cash advance world it is known as stacking. As a small business owner, you feel you have limited options for getting access to capital. Then the phone rings and the person on the other end of the call … Read more
Business Startup Financing and Personal Lines of Credit What is Startup Business Financing Business startup funding or Personal lines of credit which is also known as credit card stacking. The way it works is allows the user to use multiple cash credit cards and credit lines to finance your business or obtain the funding they … Read more
A Merchant Cash Alternative In the previous article about Merchant Cash Advance we discussed the benefits and risks. The fact is that the Merchant Cash Advance is the only option for many business owners because of their poor personal credit score and the lack of maintaining proper business financial integrity while working on building business … Read more
Merchant Cash Advance- Understanding Small businesses far and wide struggle daily to maintain cash flow. The lack of financing available to small business owners is limited. The big banks don’t understand small business, and typically the finance amounts are not big enough to wet their appetite. This creates a cycle for the business owner because … Read more
The Final Chapter – Learning to Think Like an underwriter As we have journeyed down this road of understanding the Fix and Flip mortgage we have stressed that all financing approvals are based on risk. It’s important to understand the logic behind the underwriter and how their decisions are calculated. It’s not as easy as … Read more