Corporate Service Center
Rank: 743 / 5440
4 selected videos
Home Equity Loan -- Business Funding Tip
http://www.corporateservicecenter.com/
A home equity loan is a loan backed by the value of the equity in your home. If your home is paid for, it can be used to generate funds from the entire value of your home. If your home has an existing mortgage, it can provide funds on the difference between the value of the house and the unpaid mortgage amount. Some home equity loans are set up as a revolving credit line from which you can draw the amount needed at any time. The interest on a home equity...
Related topics : line of credit home equity loan / equity loan house / loans equity
Bank Loan -- Business Funding Tip
http://www.corporateservicecenter.com/
A small business bank loan is a term loan normally over a period of one to five years. This type of loan is typically used for major purchases, expansion of an existing business or providing capital to start a new business. Banks want to see a business plan that shows your potential to repay the debt as well as a personal guarantee and an excellent credit record. When considering this type of loan, it is advisable to approach multiple banks and let them...
Related topics : loan small business / can i get a loan from the bank / business loan credit
SBA 504 Loans -- Business Funding Tip
http://www.corporateservicecenter.com/
The SBA's 504 loan programs are designed to help growing businesses acquire long-term, fixed-rate financing for major fixed assets such as land and buildings. These loans cannot be used for working capital or inventory. The 504 loans can be as large as 5 million dollars and have maturities of up to 20 years. The owner's personal guarantee is required on 504 loans as well as all other SBA loan programs. The 504 loan funds may be used for fixed asset...
Related topics : sba loan programs / business loan sba / debt loan consolidation programs
SBA 7(a) Loan -- Business Funding Tip
http://www.corporateservicecenter.com/
SBA 7(a) Loan
If you want to start or expand a business but don't necessarily qualify for conventional financing, the SBA 7(a) loan may be the right choice for you. SBA 7(a) loans are the most basic and commonly used type of SBA loan. The government guarantees the lender 80-90% of the loan, allowing the lender to offer loans to business owners who may not otherwise be eligible under normal lender requirements. Repayment for this type of loan is based...
Related topics : business acquisition sba loan / loan lenders near me
4 Resources