The early process of reviewing business financing alternatives is likely to be confusing for investors most familiar with residential financing requirements. The outcome should be less stressful and more successful by analyzing this article as well as related commercial mortgage and business opportunity financing articles.

There are many critical differences between residential real estate investing and commercial real estate investing. There are over 25 business financing differences, and they will not all be addressed in this business finance article.

With the increasingly chaotic investment climate for residential financing in the United States, more residential real estate investors are exploring commercial real estate and business finance opportunities. It is important for prospective commercial property owners, business owners and business investors to educate themselves about options for the business loan and commercial mortgage environment they will be facing.

Personal Guarantors for Business Opportunity Financing and Commercial Loan -

Even though a business is held under corporate ownership, a personal guarantee from the principal owners is routinely required for a commercial mortgage or business loan. This also means that credit scores of the individual business owners will be used as one of the factors to qualify for a commercial loan. Typically a personal guarantee for a commercial loan is required for owners with over a 20% ownership interest.

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Down Payment Requirements for Business Financing -

To purchase a business will typically require a business loan down payment varying from 10% to 25% (more in some cases). The type of business, credit scores and business experience will have an impact on the amount required for a down payment.

Stated Income Business Finance Possibilities -

Stated income business loan options will eliminate the need for a borrower to provide personal tax returns. However the stated income business finance approach will not eliminate the need to document income for the business being purchased or refinanced. Unlike residential financing, no documentation (no doc) loans are not available for a commercial mortgage.

Commercial Mortgage and Business Opportunity Financing: Size Limitations -

It is very difficult to obtain a commercial mortgage less than 0,000. A normal maximum for a stated income business loan and SBA loan situations is million. A number of other business finance programs are limited to million.

Appraisals for a Commercial Mortgage or Business Opportunity Financing -

Commercial real estate appraisals are much more expensive and complex than residential appraisals and typically take several weeks to complete. Commercial mortgage and business loan value is based primarily on income rather than comparison with other properties that is so common with residential financing.

Business Financing Interest Rates -

Interest rates for a business loan are generally higher than residential financing and rates up to 13% and even higher are possible. Investors will find both variable and fixed interest rates available from many commercial mortgage sources. Business opportunity financing typically has interest rates 1-3% higher than a comparable commercial real estate loan situation.

Other Important Business Finance Differences -

As noted previously, there are too many differences between residential financing and business finance situations to describe adequately in one article. Some of the critical issues discussed in separate reports are how to avoid common business loan problems, SBA loan financing, balloon and recall provisions for a commercial mortgage, business opportunity financing and special purpose commercial properties.

Question by Scott S: Trying to Pull Yahoo Finance Headlines RSS for More than 20 Articles?
I am pulling company news article/ headline RSS feeds from Yahoo Finance. The problem is, the feed only provides the last 20 news articles for that company. I want to pull the last 100 news articles. Or the last 500 news articles for that company. How can I customize the RSS feed to go back and pull them? Or is this a Yahoo setting that I cannot change?

See:

http://finance.yahoo.com/rss/headline?s=…

as an example.

Best answer:

Answer by Ms. Know It All
I don’t know.

What do you think? Answer below!

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Business Finance Essentials for a Real Estate Mortgage Loan

Do you really have a handle on the things that cost your business money? Are you as prepared as you need to be to handle incidents? Do you know how to improve your bottom line in this tight economy?

Projections for the rest of 2009 are not good. Job shops aren’t getting orders and they’re failing to hit their production run projections. Schedules are being pushed off a couple of months.

So, how should you spend the rest of the year if you want to remain profitable? As tax partner at Porte Brown LLC, an Elk Grove Village accounting firm that serves privately held businesses, I suggest you:

- Thoroughly review your business processes
- Become willing to reinvent the business
- Get aware of Lean Manufacturing principles, even if yours is a service business

The processes and structures that worked before may not work now in this new economy. You may need to develop new processes or adapt existing ones to meet your immediate needs. For example, your business may benefit from:

- Regular management or employee meetings to report on the status of business activities.
- Tracking systems to ensure that customer requests are received, assigned and fulfilled. Now is the time to improve customer service and increase customer loyalty.
- Quality control processes to ensure that the same high level of customer satisfaction is maintained.
- Incorporating budgeting procedures to ensure that costs are controlled, properly allocated, and charged back to the client, if appropriate.
- A defined process for monitoring receivables and collecting on accounts that become past due.

When you evaluate your business, you want to avoid becoming part of the problem. You want to look out for self-fulfilling prophecies. I’ve seen it thousands of times with my clients –When it’s all gloom and doom, people start pulling back. This automatically leads to even more gloom and doom.

Here’s what you should do instead…

1. Take a fine-tooth comb to your business and make sure your processes are right. Put all of your processes into a flowchart. Look at everything you make. How can you do it better? Can one person do two machines?

2. Look at your industry’s best practices including: lean manufacturing, accounting and marketing. This is the time to align your business processes so your operation is more effective and more profitable. If you follow this tip, you will minimize waste and reduce inventory.

3. Get a handle on which operations are making you the most profits. If you have three different products, or services, put the costs and profits down on paper so you can see them. Allocate sales costs, labor, overhead and other items and then determine which services or products are profitable.

Ultimately, the review may mean you reinvent your business. And, don’t be afraid of reinventing your business.

America has reinvented itself several times. You, as a business owner or executive, must do the same thing. You need to evaluate what your business does and reinvent it so you can compete during this down economy.

A review inevitably means decisions. Often, those decisions will involve people. I’m a big advocate of reacting fast. If you feel overstaffed and there’s no light at the end of the tunnel, then somebody has to go – as distasteful as it is.

You often can build back up with temporary help. Temps are good because you can send them home when business tails off again.

When you’re evaluating your business and making necessary changes, there is ONE thing you should not change. Do NOT cut your marketing budget. Cutting marketing and advertising is the wrong thing to do when times slow. You’re already concerned about the lack of new customers. So, if you cut your marketing budget, how do you expect to get more new customers into your sales funnel?

Instead, you should be looking at your business processes and systems. Find out how you can run your business more efficiently and more effectively.

By following these tips you can increase your bottom line, even during the recession. And, if you need help – don’t be afraid to ask the experts!

Post from: Finance Articles

Business Finance Article – How to Evaluate Your Business & Improve Your Bottom Line During a Recession

It is a fact that at one point in time or another nearly all entrepreneurs need a bank business loan, either to start up the enterprise, expend it, or to bridge difficult times when the consumer turns fickle. Of the many lenders and types of loans available, a bank business loan will probably be the best bet for starting the venture. A bank business loan is often the best way to establish and maintain your venture’s credit rating, if it is fastidiously repaid.

But, if you are experiencing financial problems, is a bank business loan a good idea to use to get current on the debts? Just what is a bank business loan and what is the application procedure? A bank business loan is an unsecured loan that does not require collateral of any kind. It is based entirely upon the credit rating of all of the involved partners; the prospectus or the plan that was developed that outlines the venture, including both the financial liabilities and the anticipated income. You will have to provide well-organized and scrupulous detail, together with a good credit rating for this type of loan. A bank business loan is the primary vehicle for starting up an enterprise and gets a venture off to a good start, however it is a poor remedy for existing financial problems.

It is far better to obtain professional advice on how to deal with your financial problems. The first thing that a qualified business debt consultant will want to know is the type of loans and financial obligations make up the entire situation. If you have unsecured debts, especially a bank business loan, there is quite a bit the consultant can do to make things easier for you to repay your business debt, continue running your venture and even improve your credit rating. One solution that may be proposed is business debt consolidation, which consolidates all of the financial obligations into one account that requires just one affordable payment per month. This has been worked out by the consultant together with all of the creditors who have agreed to accept a reduced payment that is based upon a lowered interest rate.

If the financial obligation is more problematic and either represents a large amount, or has become delinquent, the consultant may recommend business debt settlement. This form of financial relief is aimed only at unsecured loans such as a bank business loan and business debt settlement can be effected in a couple of days.

With either remedy the credit rating will begin to improve almost immediately. When creditors see that a professional business debt reorganization program is being worked out, the business credit rating reflects their approval. However, it is always best to seek help before any real damage is done and to anticipate a remedy before it is actually required. With the advice of a good business debt consultant, any venture can stay on track without taking out additional bank business loans.

Check these links to learn more:

http://www.commercialdebtcounseling.com/

http://www.commercialdebtcounseling.com/business/business-y/business-index.shtml

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Bank Business Loan – is a Bank Business Loan the Answer?

Having to go through the proceedings necessary in bankruptcy is the last thing people want to do. However if their debts add up to more than what they have coming in sometimes this is sadly unavoidable and getting into self learning into how to bankruptcy filing comes highly recommended despite how ugly it seems.

There isn’t just one kind of bankruptcy proceeding, in fact there are a number including chapter 7 (the focus of this article) and Chapter 11.

Defining chapter 7 bankruptcy for all

When somebody goes through the process of chapter 7 bankruptcy, according to United States of America law they are essentially liquidating all assets (that are not legally exempt from liquidation) so they can pay back their creditors.

Chapter 7 is an option open to individuals, businesses, partnerships and corporations. Chapter 7 bankruptcy is however different for individuals in that they have open to them a special extra clause in the bankruptcy filing framework. This extra clause for the individual is commonly known as a discharge. In essence what this discharge entails is the opportunity of freeing the individual from a host of certain debts.

The first things one must do when filing chapter 7 bankruptcy: Generally speaking to file a chapter 7 bankruptcy one mast supply the courts with copies of their: tax returns, contracts of an executive nature, statements of financial affairs, all proof of liabilities and assets as well as documents to prove one’s current income and necessary expenses.

For individuals there are additional items that must be provided to the court as well. As an individual you can expect to have to supply: copies of credit counseling reports and repayment plan programs, employer payments and statements of income, interest payments on student loans, etc.The information in this document is very brief and general, if you need to find out more about chapter 7 bankruptcy and others, a good place to start would be with the links in this article and also with the US courts website. However, remember filing for Chapter 7 protection by yourself is not advised, you should get professional help from a lawyer.

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Understanding How to File For Chapter 7 Bankruptcy

One of the biggest recent causes of malpractice involving {commercial finance transactions is dealing with an inexperienced advisor~Dealing with an inexperienced advisor is one of the biggest recent causes of malpractice involving commercial loan transactions~Inexperienced advisors are one of the biggest factors in malpractice associated with commercial mortgage transactions}. As most borrowers realize, chaotic conditions have been impacting residential real estate for some time. Since so many former residential brokers and lenders are now attempting to provide business loans after their residential lending activities were eliminated, this has frequently resulted in problems for commercial borrowers.

Inexperience involving {business financing is never a good thing when you are describing a commercial lender or broker~When describing a commercial lender or broker, inexperience involving small business financing is never a good thing~When choosing a commercial broker or lender to work with, inexperience involving small business financing should be avoided whenever possible}. In almost all cases, the complexity of small business loans coupled with inexperience is likely to result in a high potential for malpractice.

Even though a broker or lender was superb at executing residential mortgage financing, please do not assume that they will also be good (or even marginally capable) when it comes to commercial mortgages, working capital financing or small business financing. There are over twenty critical differences between residential financing and business financing. It often requires years of experience to be a master of commercial loans.

Agents for many business cash advance programs are another common source of malpractice with working capital financing. Typical agents might not understand business loans in general because they represent only providers for credit card factoring. All too often these advisors will be incapable of assisting with other small business financing services because they are focused on only their own specialized service.

Although it might not be obvious to most business owners, the malpractice potential with merchant cash advances is also directly related to the first example described above involving inexperienced brokers and lenders. This is because call centers which formerly dealt with residential real estate financing have now switched to merchant financing and credit card processing. When complicated working capital management services are involved, inexperience is never a good thing.

When assessing potential obstacles for working capital loans and business loans, the malpractice examples described above are just the tip of the iceberg in most cases. The importance and value of being prudent in pursuing small business financing should be reinforced by this precautionary alert.

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Avoiding Malpractice with Commercial Finance Funding

Merchant cash advances are one of several business financing tools directly connected to credit card processing. This commercial finance option is also known by several other names, including credit card receivables factoring, business cash advances and working capital advances. Once approved, a business owner will receive a fixed amount of cash, and the advance will be gradually paid back as credit card transactions are processed. Two to three weeks is a typical time frame for a prudent commercial funding process. While this has proven to be a useful commercial financing approach for small businesses to obtain operating cash quickly, merchant financing can also result in several undesirable problems if executed improperly. In other words, not all business cash advance programs are the same, and in some cases there are major differences.

Many business owners are evaluating the option of commercial loan refinancing as a source of working capital In their search for business financing choices which can provide cash flow quickly. While there might be good reasons to pursue such a strategy, the fees, profit and loss issues and length of time to obtain cash from refinancing business debt mean that this option is not always practical. The volume of credit card processing could permit a small business owner to obtain a working capital loan that is large enough to make refinancing unnecessary. An additional advantage of obtaining short-term working capital financing instead of refinancing a long-term commercial loan is the shorter time frame required to obtain cash (usually one to two weeks).

To realize the biggest possible cost reduction as well as produce immediate cash flow, some working capital management strategies will make the replacement of a credit card processor appropriate. As just noted, however, there are several alternative business financing options which will result in more working capital for a business without impacting the current credit card processing arrangement.

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Credit Card Processing Solutions and Business Financing

Today it is vital that you take every opportunity to get ahead in your life, and attempting to rid yourself of debt is a start to this. When you succeed at getting debt out of your life, you’ll see how much more you can get out of life.

First to lower the amount of debt you have you must start to take control of it. You need to add up how much you debt is, this will aid you in making up your mind on what you can pay back. But you have to be organized before you can do anything. Make positive that you understand all the types of debt that you are carrying, and what amount of it has to be paid back before you are in charge of it again.

Now that you have gotten organized and understand how much debt you have, then you will have to come up with a schedule to pay it back good. The reason that this is crucial is that it allows you to start making the minimum required payments. Figure out the size of payments you can make, and then contact your credit card companies. Most of the time they will permit you to pay on your debt a little at a time, which over time will assist you in getting rid of your debt.

If you are really serious about getting your debt paid, follow this next things that will assist you. The one thing you need to do is pay monthly payment targets which you can actually do every month easily. These targets should always be what you know you are able to pay, because you will know what targets you need to aim for every month, this will help you. This step will assist you down the line too, it will help you remove as much debt from your life as you possibly can.

Then you need to stay on the payment schedule to pay it down. Debt is one of those things that just accumulates slowly over time. You just have to continue to make your payments monthly, and stop new debt, you will pay off your debt very quickly. This is one thing you need to understand and follow because it permits you to easier pay off debt and helps you make plans for the rest of your financial life.

It is a good thing not to get in more debt too. Be certain to make your schedule payments on time. This is the best method for getting rid of debt and avoiding it too. Along with this you want to make plans on what money you can spend without having more debt. This one point is so very crucial for staying out of debt from now on.

Post from: Finance Articles

Looking To Erase Debt

The Orchard Bank card is issued by HSBC Bank, one of the largest and most reputable banks. This card is designed for those with a damaged credit score.

They have a unique application process. They will match your credit score with one of four cards they offer.

These cards include three unsecured cards and one secured card. Your score depends upon what card is offered to you. However you have a very high likely hood of being approved for a new line of credit.

If you have a very damaged credit history then you will be approved for the secured card. With this card you make a deposit and you are issued a credit card with a corresponding credit limit.

It works just like an unsecured card and you will have to make monthly payments. Your APR will be between 8.9% and 14.9%; this is much lower than most sub prime credit cards.

If you have only made a couple of mistakes with your credit then you will likely be approved for an unsecured card. However if you prefer the secured card you can be issued that instead.

With the unsecured cards you will have some fees, such as a 19$ account set up fee for one of the cards. Your APR will be between 8.9% and 18.9%.

However the fees with the Orchard Bank cards are dramatically less than any other available bad credit cards. In addition they offer considerably lower APR’s too.

All of these cards will report to the three major credit bureaus. With responsible use of your card you can build a positive payment history on your credit report.

This is an important factor when your score is being calculated. It makes up approximately 30% of your score.

These cards will also help to improve your ratio of available credit to debt. This is estimated to account for 30% of your score. It is how the bureaus check to see if people are in over their heads financially.

It has been learned that once a negative item on your credit report ages four years it has much less impact on your score. We do still suggest removing negative items from your report, in addition to opening a new line of credit.

In sum no matter what your credit history is; bankruptcy, judgments, charge offs, collections you can be approved for an Orchard Bank credit card. This card can be used to repair your credit score by creating a positive payment history and improving your ratio of available credit to debt.

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Orchard Bank Card

Your house is the last thing that you want to loose. Unfortunately even though we know this for a fact, we tend to take our mortgage payments for granted and end up loosing our homes. In this case, a home foreclosure will happen. When a borrower fails to pay his or her mortgage for a number of payments (usually 3) the lender will foreclose by selling the house or repossessing it.

Often the lenders lead their borrowers to believe that they don’t have other options available. However, there are other alternatives that homeowners can use to keep their house off the auction block. The following is a list of ideas to consider if your in the foreclosure process.

1)Short stop

This is a short refinance for the foreclosure of your property. If you don’t want a new loan to cover an existing one, you can ask the help of a friend. A borrower’s friend or relative can buy or pay off the mortgage.

2)Negotiate a payment plan

In this case the homeowner agrees to pay a portion of the amount and agrees to pay the rest in the succeeding months. The homeowner shows proof of their income and pays a down payment. This is a much easier way and most lenders agree to this plan. Keep in mind that some lenders will contract out the agreement. (normally 3 to 5 months)

3) Change of plans

A temporary change in the terms of the loan can be given when properly negotiated. These changes include amortization extension and reduction of interest rate. A foreclosure negotiator handles the job of getting these plans approved.

4) Third party sale

The property on foreclosure is sold to a third party. The proceeds will go to the mortgage lender as a settlement for the debt.

5) Friendly third party sale

The third party who buys the property sells it on foreclosure to clean the deed of other holders. Then the property is sold back to the original owners/borrower.

These are just some of the options that borrowers can use in attempts to retain their properties. Remember these alternatives are outside the original terms of the agreement. Homeowners will have to negotiate their way with lenders and banks. Preventing home foreclosure is still better than looking for a cure.

Post from: Finance Articles

5 tips to get out of foreclosure

To dispute Experian credit bureau a dispute letter must be sent. When the bureau receives your letter they will investigate the dispute.

I suggest you first get a copy of your credit report. This can be done by going to annual credit report. They will issue you a free copy of your credit report with each bureau annually.

When you have your credit report you must identify what listings are inaccurate or incorrect. These will be the listings that you dispute.

You can dispute these listings by writing a dispute letter and then mailing it to Experian credit bureau. When they receive your dispute letter they will decide if it is valid or invalid.

If your dispute is considered invalid you will get a letter from them requesting additional information about the dispute. You need to respond and provide them with the information requested.

However if your dispute is found valid they will conduct an investigation. During an investigation they will contact the creator of the listing and ask them to verify the account, the dates, and the amounts.

Often investigations will result in removal of a negative mark. This is due to many businesses not verifying debts because it costs them money to do so.

A credit repair service can also be hired to remove negative credit from your report. With this option you only need to identify the marks you wish to dispute and the service will do the rest.

In case an item is verified then a credit repair service can be very helpful because they have advanced dispute techniques. These include; creditor direct intervention, escalated dispute information requests, and debt validation.

If you have multiple bad credit items you wish to dispute then I suggest hiring a service, in addition they will have no problem getting a valid dispute submitted. However if you only have one or two bad credit items to dispute then you can do it yourself.

You are going to need to dispute a bad credit item with each credit bureau. This means you will have to send a separate letter disputing the same item with each bureau.

In sum you can remove bad credit items from your credit report. To do this you must dispute the item with each credit bureau.

Post from: Finance Articles

Dispute Experian