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loan officer Tagged Articles
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The New Rules for Mortgages by Dale Robyn Siegel
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| Whether you are a first time home buyer, employed by a company or self employed, you need to understand the mortgage industry before you get a mortgage. As an entrepreneur, closing on a home with a bad loan can tie up critical money access that you need to establish or expand your business. Any time you tie up any of your borrowing potential - it can have a direct impact or long term impact on your business. So, I recommend that you take a look at The New Rules for Mortgages by Dale Robyn Siegel. In this book she has several sections that are of particular interest to people who are self employed. She also shares a wealth of information that you should consider when getting any loan -- do yourself, your family and your business a favor and read this book for an industry insider - before you finalize your next loan. |
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APPLYING FOR A BUSINESS LOAN: PUTTING YOUR BEST FOOT FORWARD
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| Some tips on how to prepare properly before sitting down with a loan officer at the bank. Understanding what criteria the loan officer will be looking for. |
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A Start-up with Money Problems
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| People going into business are typically under-capitalized. Their expectations of how fast things will move is optimistic. The consequence is a "crunch" between time and and available money. If you're in this spot this article tries to give you a way out. If you're just starting out this article may help you avoid some of the problems of an under-capitalized start-up business. |
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Overcoming the Force of a Tsunami
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| Yuli's story - Banda Aceh, Indonesia |
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Other loan officer Related Articles
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Loan Package Checklist
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| Whether you are applying for a microloan, SBA guaranteed loan or a traditional bank loan, similar information is required to complete a loan package. The following list provides a checklist of most requirements for a loan package. |
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Never Take No for an Answer
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| Does this sound familiar? You applied for a loan and the bank officer responded with the dreaded words, "I'm sorry, but..." and turned it down. Admittedly an unhappy scenario, it is not a unique one and happens to many businesses at some point. |
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What is a Small Business Administration (SBA) Loan?
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| As a new entrepreneur looking for capital, one of your first options for a loan will be a SBA-backed loan. SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. (You are still liable for the loan, so your obligation does not go away) This makes it easier for banks to lend to budding entrepreneurs, but it does not mean that the bank can lend indiscriminately. The bank will analyze the application to protect its interest as well as the SBA’s. |
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APPLYING FOR A BUSINESS LOAN: PUTTING YOUR BEST FOOT FORWARD
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| Some tips on how to prepare properly before sitting down with a loan officer at the bank. Understanding what criteria the loan officer will be looking for. |
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5 tips for a successful SBA loan
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| An SBA loan has successfully helped many small businesses. At the moment, qualifying to obtain an SBA loan is particularly challenging. The following information will help those looking to get an SBA loan to buy a business. |
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Should I ask that my loan application be submitted as a Recovery Act loan?
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| There are several important factors that a small business applicant, lender or CDC should consider when deciding whether to submit a new loan application as a Recovery Act loan that, if conditionally approved will be placed in the SBA Recovery Loan Queue awaiting the availability of funds or as a non-Recovery Act loan (with all applicable fees and a lower guaranty). |
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Special Loans
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| What are special loans? Well let’s define them as loans that are not the usual type. If that seems a little vague to you, you’re not alone. A special loan would be a loan outside of the typical- go to the bank, sign some papers and make payments or they are going to take your boat- kind of loan. Sometimes we’re all forced to get a little creative. When that happens, special loans are what will pull us through.
A special loan in the way of a house mortgage is often the first kind that you will run into. These loans are generally backed by a government agency such as HUD (Housing and Urban Development). These loans are guaranteed by the government to be paid. They do this by insuring the loan. They do not assume the entire loan should the person responsible for the loan default, but instead act as an insurance mechanism that will defer s |
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Is Your CFO REALLY a Chief Financial Officer
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| No offense to all those dedicated, competent, excellent performing CFO’s out there but I have to admit that I run into a number of individuals in business that hold the respectable title of CFO (Chief Financial Officer) that shouldn’t be the Chief of anything. Oh, some of these CFO impersonators do a good job as an accountant and some may even qualify as a Controller. But, there are some that just shouldn’t hold the title of Chief Financial Officer.
“The chief financial officer (CFO) is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management. The CFO is also responsible for analysis of data”.
So…… ask yourself; is your CFO really a Chief Financial Officer. |
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Title Inflation Emerges With A Vengeance
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| Suddenly, title inflation is everywhere. I’ve seen more business cards or email sigs lately with adjectives like “executive” or “senior” or “senior executive” or “special” or “chief” in front of more traditional titles (e.g. “vice president”). The “chief” one is especially bizarre since it’s not always obvious whether the CSO is a “Chief Sales Officer” or a “Chief Security Officer” which in and of itself is a problem. |
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How to Get a Car Loan Financing & Bad Credit Auto Loans
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| This is a brief overview of what both offer loans to consumers. Auto loan or Car Loan financing means given to qualified loan applicants. Apply for the loan involves the presentation of identification documents, proof of income credit rating and application form. |
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