Category: Blog

Understanding the 4 C's of Commercial Lending for Success

Understanding the 4 C's of Commercial Lending for Success

11/27/2023

Categories: Blog

If you are a business owner or potential borrower, understanding the “4 C’s of Commercial Lending” is your key to success. These are Capacity, Collateral, Capital, and Character. These four core components are what lenders assess to decide whether to grant you a loan.

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Local Banks vs. Big Banks: A Pros & Cons Breakdown

Local Banks vs. Big Banks: A Pros & Cons Breakdown

11/20/2023

Categories: Blog

Before opening a new checking, savings, or investment account, review this comparison of big banks vs. local banks by priority to find the right bank.

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What You Need To Know About Term Loans For Businesses

What You Need To Know About Term Loans For Businesses

11/13/2023

Categories: Blog

When a business needs funding to cover various expenses such as operational costs, investments, property acquisitions, and general expenses, a term loan can be a valuable source of capital. Term loans typically have repayment schedules ranging from 3 months to 10+ years.

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Differences Between An SBA(7a) Loan & An SBA 504 Loan

11/6/2023

Categories: Blog

The U.S. federal Small Business Administration (SBA) offers a loan program to borrowers for major fixed assets for the purpose of establishing businesses or promoting job growth. The SBA partners with Certified Development Companies (CDCs) who then work with the providers (typically approved banks) and oversee the loans.

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Benefits Of Opening A Business Savings Account With A Local Bank

Benefits Of Opening A Business Savings Account With A Local Bank

10/30/2023

Categories: Blog

Interest rate increases recently implemented by Federal Reserve monetary policy in the United States, has businesses taking advantage of the incentive. When the earned interest from a business savings account increases the principal over time, this can create working capital for expenditures, operations and investment. 

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Secured vs. Unsecured Lines Of Credit

Secured vs. Unsecured Lines Of Credit

10/23/2023

Categories: Blog

When it comes to financing options for both personal and business needs, lines of credit have become increasingly popular. They offer flexibility and convenience, allowing individuals and businesses to access funds when they need them. However, not all lines of credit are the same.

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Understanding Loan-To-Value (LTV) Ratio

10/16/2023

Categories: Blog

The general rule is the lower the LTV ratio, the higher the probability an applicant’s mortgage financing request will be approved. Review how an LTV ratio is used within the mortgage loan consideration process:

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How To Calculate Loan-To-Value Ratio (LTV)

How To Calculate Loan-To-Value Ratio (LTV)

10/9/2023

Categories: Blog

A borrower’s loan-to-value ratio is one of the factors that is considered by lenders when deciding whether to approve a loan application. This figure is also used to determine whether the borrower will be required to pay for private mortgage insurance. In most cases, borrowers need to have a loan to value ratio of 80% or less.

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What You Should Know About Commercial Construction Loans

What You Should Know About Commercial Construction Loans

10/2/2023

Categories: Blog

Read on to find out why a commercial construction loan for building new or renovating an existing property is a leveraged, property market asset value enhancement. In short, how a commercial construction loan can provide beneficial value.

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Owner-Occupied Commercial Real Estate Explained

Owner-Occupied Commercial Real Estate Explained

9/25/2023

Categories: Blog

Property investors can benefit from specialized owner-occupied commercial real estate loan products when purchasing a property for business, as well as rental income.

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