A commercial mortgage is usually the name for a loan that is secured by real estate. This means that the loan will be paid back on time and in full. It is similar to a residential mortgage, but the difference is that the collateral and building...
One of the things people get wrong about commercial loans is how long it takes to set them up. Some types of business loans can be gotten in as little as a few days, while others can take up to 60 days or even longer.
A commercial real...
Beginners see business loans as a way to make their dreams come true. They want to own their own restaurant, pub, or bed-and-breakfast and ask their friendly local bank manager for help. Cue frustration and disappointment. Underwriters in back...
A bridge loan, which can also be called a hard money loan, is a short-term loan that is used until a person or business can get permanent financing. Basically, they "bridge" the gap between today's need for quick cash to pay bills and the final...
Home mortgages are an important part of loans, but we'll focus on this one. One of them is called FHA. The National Housing Act of 1934 created the Federal Housing Administration (FHA), which is a government-owned company. Its goal is to improve...
Tell your auto mechanic, the owner of your favourite restaurant, and the person who cleans your pool that it's the end of the line for subprime business loans. I think that in six months, the market for subprime commercial mortgage loans will...
When I had a lot of debt, I needed money quickly to put into my business. I was thinking about getting a loan. But the fact that I had bad credit made it hard for me to borrow money on the commercial market. When a friend told me about bad credit...
Building is one of the most difficult parts of running a business. It takes a huge amount of money. An entrepreneur doesn't always have enough money to build things and make other changes to his office. If you get a commercial construction loan,...
When you decided to buy a rental property, you probably also thought about what you want to do and how long it will take to do it. All good investment strategies and financial plans use the same criteria, and so do income properties. Most of the...
SBA loans are the way to get money for your small business, whether you want to start a manufacturing company or a coffee shop. Small business loans are loans that are backed by the Small Business Administration. This organisation was set up to...