COVID Commercial Loan Closings

A professional asked last week if any commercial loans are being closed during COVID. We've never been so busy - check these awesome closings out. Cleaning Company: Reduced their interest rate from 75% on an MCA to 6% SBA loan for working capital and equipment. Existing debt payments were reduced by 67.2%. Significant cashflow boost. Product Retailer: $150k over 10 years for working capital to buy...

Must do contingency when you buy gas station

When buying a gas station in Washington State, don't forget to put the contingency into your purchase & sale contract is the phase I, phase II ground contamination test.Of course, the Loan lender demands it and otherwise you will not able to get the loan, but it is this phase I, phase II study that will keep buyers from future threats.Phase I, Phase II study & test is very expensive, but buyers...

Shopping for mortgage rate is so important when you buying a property

When buying a building or house, one must do is shopping for a mortgage company (lender). The reason that many buyers make mistakes is that someone I know is a lender, or they just believe with the agent that they did last time, but in many cases it can be okay, but even if the loan rate is slightly different, it is calculated as a monthly payment for 20 years and 30 years. This is a big money, so buyers...

Purchasing Business Financing Expert Tips

SBA-supported loan specialists, requested business securing financing, are especially intrigued by the balanced net profit or income created by the private company to be bought. The loaning official needs to ensure there will be sufficient salary for the new owner to make those advance installments for obligation administration. Be that as it may, the capacity of a business to produce adequate assets...

The most effective method to Buy A Gas Station – Tips For Buyers

Any individual who needs to purchase a gas station to work, or even to possess truant, would do well to get training about the business first, before starting to assess contributions. The greatest test is that there are such a significant number of factors in this business that attempting to settle on a decision by looking at gas stations available is typically an apples versus oranges puzzle. Do you...

Buying A New Business? Feasibility study Checklists

Feasibility study and due diligence items are required by business people purchasing a business so the person can lead a cautious investigation of any organization that appears to be a decent buy up-and-comer. These check lists are additionally enables the buyer to realize what data to give. On the Feasibility study and due diligence items are for proactive business purchasers there are: Benefit and...

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