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How to apply for commercial loan funding
Clients seeking commercial finance loans need to remember that first impressions count and their initial standard of presentation and communication will indicate to a potential investor whether they have a serious proposal or are just “tyre kickers”, according to Ms Helen Bassett of commercialfundstogo.com
“Too often clients just visit a website, give it a quick glance over then fire off an email to the investment group asking broad questions, or requesting a loan without providing full details,” Ms Bassett said.
“Quite frankly, this is not good enough, particularly when the client is seeking upwards of $50 million for a commercial property project.
“Clients need to keep in mind that potential private investors are already successful business people they understand the commercial market and they have very sound investment judgment.”
Ms Bassett said clients should initially read the web details carefully, download any lending guidelines and read them carefully, then prepare the required information and forward it as requested.
The first step in making a commercial funding request usually requires the client to complete a project profile online and attach an executive summary. There will then be specific submission instructions, which vary according to the type of loan.
She said the main reason for this structured approach was to minimize the decision making process.
Once the initial information is received, it is assessed and matched with a specific private investor, then discussions are held with the client. The next step is to arrange a face-to-face with the investor so the client can present their proposal.
A decision is often made within a few days after this meeting, thus a client can expect to obtain finance in anything from 20 to 90 days of the initial approach, depending on the type of project and finance.
By having the requested information readily available, the client is not only helping to speed up the application process, but is demonstrating to the investor they are serious professionals who are truly committed to their project.
The real benefit of private commercial programs is that they are more flexible than conventional banks and personal or business credit are not primary factors.
It means deals which make sense get done without red tape, last minute hold outs and lender hoops to jump through. Typically, there are no property restrictions and conforming transactions are also highly competitive as investors are eager to fund solid deals.
The Process Of One Hour Payday Loans
It can be a scary feeling having bills looming on the immediate horizon that you do not have the resources to pay for. Bills that are going to result in the termination of some type of service, your water or electricity for example. Many times people are fortunate enough to be able to borrow money from family or friends. But in those instances when no other type of assistance is available it is comforting to know that a quick cash advance can be easily obtained. The solution comes in the form of a one hour payday loan. These loans have become so readily available that anyone who fits just a few basic requirements can qualify for quick cash. If you are 18 years of age and have held the same job for the last six months then you could be well on your way to a one hour payday loan.
You can still find walk-in establishments that will help you out but these days most people simply go online to find sources for payday loans, there are many. An internet search will quickly turn up dozens of lenders willing to help you out of a financial jam and the application process is a breeze. You will need to have your banking information ready as they will need to know where to direct deposit the funds. Be certain that all the information such as account numbers, routing numbers, social security numbers, etc. are valid. Lenders have the means to verify this information and will reject your application if the information is erroneous. Lenders prefer to serve those employed outside the home and not self employed because of the fluctuation of assets that comes with self employment. The lender needs to know for certain that the money is going to be available when you repay date rolls around.
As soon as you complete your application and submit it online the lender will need to verify that you earn about $1200-$1500 a month. One hour payday loan companies also try and refrain from doing business with applicants who are in the military and people who’s income consists of receiving benefits. You will also be turned away if you have ever defaulted on a previous payday loan or you have a current loan out with another company. The approval process takes just minutes from the time that you submit your application. Once approved the funds are wire transferred directly into your account and are available for immediate withdrawal. When your loan comes due, generally no more than a month and usually just two weeks later, the lending institution simply withdraws the amount of the loan, plus interest and fees, back out of your account. It’s that easy. So don’t let the thought of overdue bills worry you, with a one hour payday loan literally at your fingertips you can borrow anywhere from $100-$1000 and avoid shut offs and reconnection fees and maybe in the process prevent another glitch on your credit history along the way.