It is possible to use an SBA loan to buy an existing business or to start a new one. That said, you’ll need to be able to meet the program’s eligibility requirements to get approved.Blueprint is an independent publisher and comparison service, not an investment advisor. The information...
The Small Business Administration's Community Advantage loan is part of the wider SBA 7(a) lending programme. The maximum loan amount differs significantly between the two programmes, with SBA 7(a) loans having a cap of $5 million compared to Community Advantage's limit of $250,000. In add...
What is the length of a term loan? The length of a term loan typically ranges from one to ten years, depending on the agreement between the borrower and the lender. Factors such as the purpose of the loan, the borrower's creditworthiness, and the lender's policies influence the duration....
A rehab loan is a loan that is used primarily in the rehabilitation of home or building. These types of loans may be made through traditional lenders, but are often insured by a governmental agency to make the risk more acceptable to the lender. The government sees the investment as a ...
Building an investment portfolio may require personalization and finesse, but it can also be ultra-simple.
Many lines of credit treat each draw as an individual term loan, where as soon as you borrow money, you begin to pay it off on a fixed schedule. Then, if you make an additional draw, the loan is re-amortized. Loan re-amortization, also called loan recasting, occurs when a loan’s ...
An educational loan is one that's taken out to pay for an education, typically at a private school, college, or trade school. Most...
What is a trade loan? By Deepesh Patel Deepesh Patel is Editorial Director at Trade Finance Global (TFG) and host of Trade Finance Talks. Deepesh regularly chairs and speaks at international industry events held by the IFC, EBRD, IMN, WTO, Financial Times and Economist Impact, as well as ...
A title loan is a type of loan that requires an asset ascollateral. Title loans are appealing to some borrowers for two key reasons. First, the applicant'scredit historyis usually not taken into consideration by the lender. And second, thanks to looser application requirements, a title loan c...
There is typically alead bankorunderwriterwith a syndicated loan. This institution is known as the arranger, the agent, or the lead lender. The lead bank may put up a proportionally bigger share of the loan, or it may perform duties such as dispersing cash flows among the other syndicate m...