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APPLYING FOR A BUSINESS LOAN: PUTTING YOUR BEST FOOT FORWARD
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.
Technology Innovations at Grameen Foundation USA
How will easy, affordable and reliable access for a person in a remote village be provided? When will this person have the ability to make a simple one-minute call, send a complaint to the local government, or make a loan payment without undo cost or travel difficulty? The microfinance industry is answering these questions with technological innovations.

Other loan officers Related Articles

Loan Package Checklist
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.

What is a Small Business Administration (SBA) Loan?
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.
Why do MFIs charge such high interest rates to poor people? FAQ
Providing financial services to poor people is quite expensive, especially in relation to the size of the transactions involved. This is one of the most important reasons why banks don't make small loans. A $100 dollar loan, for example, requires the same personnel and resources as a $2,000 one thus increasing per unit transaction costs. Loan officers must visit the client's home or place of work, evaluate creditworthiness on the basis of interviews with the client's family and references, and in many cases, follow through with visits to reinforce the repayment culture. It can easily cost US$25 to make a microloan. While that might not seem unreasonable in absolute terms, it might represent 25% of the value of the loan amount, and force the institution to charge a “high” rate of interest to cover its cost of loan administration.

5 tips for a successful SBA loan
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.
Should I ask that my loan application be submitted as a Recovery Act loan?
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).

Special Loans
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
Watch out for the Talent Shortage Iceberg!
Sometimes in the midst of the current recession we forget that we have a looming talent shortage – and it will be here before we know it. You might even call it a looming Talent Shortage Iceberg! Take the shipping industry for example. Even as the rescission has reduced the volume of shipping in the last two years, shipping volume overall is up substantially compared to ten years ago. The number of tankers in the ocean, worldwide, rose 17% between 2001 and 2005 and container ships jumped by 30%. With this increase comes the need for talented deck and engineering officers-but the industry is already finding it hard to recruit qualified officers.

Selling Yourself & Your Ideas to Banks - Part 2 - Your Presentation
In Part 1, you received an overview of the mental mindset necessary to present yourself in the most attractive manner to bank loan officers, negotiating pointers from Roger Dawson, and some of the basic mechanics of a business loan from the bank's viewpoint. In Part 2, you get from Somers White a comprehensive walk-through to help you make a successful presentation to prospective loan targets.
Content Is King – Make Content Count
It is often said that “Content is king.” Content has become the new marketing buzz word in brand and marketing. CMO’s, Chief Marketing Officers are now aligned with CCO’s, Chief Content Officers. This is especially true for B2B marketers. If you are a CCO, CMO, CEO, President, Marketing Manager, Sales Manager or entrepreneur, you need to embrace content marketing.
How to Get a Car Loan Financing & Bad Credit Auto Loans
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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