All about Business Guides for Success
Archive for May, 2010
How To Start A Successful Loan Modification Business
May 6th
FASTaffing.com a National Staffing and Sales Management Consulting Firm has been involved with the Roll Out and Hiring of Loan Modification Sales Agents across the Country. Now the firm is advising Real Estate and Mortgage Professionals about the Branch Ownership Opportunites available with their client.
As a Loan Modifcation Sales Agent you make $600.00 per Loan Modified. This is an excellent income opportunity with no investment required. Some Real Estate and Mortgage Professionals wanted more. Well here is the opportunity to own your own Loan Modification Branch.
As a Loan Modification Branch Owner, you can make $2,000.00+ per Loan Modified. The business model is quite simple actually. As a Branch Owner, you hire commission only Sales Agents to bring in new client files, the Branch Owner works with the Lenders, Modifies the Loan, then share part of the fees with the Sales Agent. You can have as many Sales Agents working for you as you can handle because they are paid Handsomely by Commission Only. The time required to modify a loan can vary, but usually in between 30 to 90 days. Think about how many new client files your Sales Agents could bring in while you are waiting to modify your existing client’s loans.
Would you like to make $2,000.00 per file?
As a Branch Owner you are backed by industry experts in Loan Modification, Loss Mitigation, and Business Consulting. To open a Branch there is a $25,000.00 Investment Required, but as you can see the Risk/Reward Ratio is in your Favor. Once you have successfully modified just 15 Loans, you have already made back your investment plus $5,000.00
(No Ratings Yet)
Loading ...Easy Loans: Easy Way of Getting Financial Help
May 3rd
Loans- they are the order of the day. Available in numerous forms and uncountable offers, they give substantial financial assistance to those who need it. But many people shy away from loans because they feel they cannot afford them. There is good news for such people. With easy loans, their financial shortcomings can be easily countered.
Easy loans are personal (remove) loans that have easy terms and conditions of repayment. They are designed to bring comfort to their customers through their reasonable clauses. No restrictions are placed as to how you can use an easy loan. Car purchase, medical and education fees, holiday and wedding expenses, debt consolidation or refurbishing your home- they can be financed with the help of easy loans.
There are many reasons why an easy loan is a great way of borrowing money:
(No Ratings Yet) Loading ...For Florida homebuyers the FHA home loan just makes good sense
May 3rd
FHA Mortgage Loan for Florida Homeowners
Take the proper Steps to Get Your FHA Mortgage today
Other FHA loan Advantages Include:
Minimal Down Payment and Closing Costs.
- Down payment less than 3.5% of Sales Price
- Gift for down payment and closing costs allowed.
- No reserves or required.
- FHA regulated closing costs.
- Seller can credit up to 6% of sales price towards buyers costs.
Easier Credit Qualifying Guidelines such as:
(No Ratings Yet) Loading ...Business Loan Brokerages: Pros and Cons
May 3rd
You may be aware of this, but there a number of firms that can actively assist you as you looking for business loan. These firms are commonly known as loan brokerages. They work in a very similar capacity to that of a mortgage brokerage firm but with a specific focus on business loans. However, before engaging a business loan brokerage you should be aware of a few things. Like with any industry, there are a number of unscrupulous firms and individuals that seek to take advantage of people that are not privy to how the industry works. In regards to loan brokerages, you should be wary of any firm that requires substantial upfront fees before assisting you with obtaining a business loan. However, some of the fees presented by a loan brokerage can be reasonable. For instance, fees for business plan development and credit reports should be reasonable while several thousand dollar retainers for simply taking on a project are not. When working with a business loan brokerage you should always perform your own due diligence. Does this firm have references? Are they are member of the Better Business Bureau? What is their success rate?
Once you find a firm that you want to work with when looking for business loan then it is time to begin negotiating the fees. Typically, most business loan brokerages charge a fee ranging from 2% to 10% of the successfully raised capital. Again, this is subject to negotiation. If you have a substantial amount of collateral, an excellent credit score, and a solid business plan then the fees should be lower as your chances of obtaining a business loan are much higher than people that do not have the same qualities.
(No Ratings Yet) Loading ...Easy Loans: for the Trouble Free Financial Assistance
May 2nd
In the loan market a large number of loan plans are available that can be attained by a borrower to sort out his/her financial crisis. One among these available loan options is an easy loan. Easy loans are designed for an individual to attain a loan in the most convenient way. These loans aim to eliminate all the troubles that are attached with an ordinary loan.
If a borrower wishes to attain an easy loan he/she is provided with a choice to either attain it in secured form or unsecured form. Secured easy loans are which you can avail by placing any of your assets as collateral. In case of secured easy loans, borrowers may apply for anything from £5000 to £75000 for a term of 5 to 25 years. These loans provide you elongated period of repayment, flexible terms and conditions and low rate of interest.
(No Ratings Yet) Loading ...Cash Flow Based Business Loans
May 2nd
Much like our discussion regarding unsecured business loans, this article will focus on business loans that are primarily secured by the cash flow of your business or your personal income. When looking for a business loan, it is imperative to understand how much of a business loan you can afford to undertake. This includes not only your current income, but also a projection of your anticipated income that will accrue through the use of debt proceeds. The most important aspect is to look at your current income. This is also the most important business metric that a bank or finance company will look at when determining whether or not you are a worthy credit risk. Actual income is far more important than expected income. With that said, you need to ask yourself some very important questions when determining the amount of debt you are seeking. These questions include, but are not limited to:
- What is my current income?
- Will my current income fluctuate?
- How much do I anticipate that I will earn once I use the proceeds of the business loan?
- If this business does not work out, can I afford to continue to pay off the loan given my current income?
(No Ratings Yet) Loading ...What is an SBA Business Loan?
May 1st
An SBA business loan is a debt instrument provided by you to by a lending institution that has been guaranteed by the United States government through the Small Business Administration. Many entrepreneurs wrongly think that it is the federal government that grants the loan. This is not the case. With an SBA loan, the government essentially acts as your cosigner for the loan. In the event that you default on the business loan, the US government will provide the bank with a reimbursement for the loan. As such, banks love to make SBA loans as they present very little risk to the bank, provide small business owners with the capital that they need, and increase activity in community bank branches – all while making a nice profit for themselves.
Applying for an SBA business loan is a difficult process despite the fact that the only limitations regarding who can apply is that you must be of good moral character (ie. no criminal record) and an American citizen. You should be immediately aware that receiving approval from the SBA to receive a loan is a difficult process and can take anywhere from 45 to 180 days depending on how well you have prepared the appropriate documentation and business plan for the business loan.
(No Ratings Yet) Loading ...Getting Small Business Loans with No Collateral in this Recession
May 1st
The global financial crisis has made it quite difficult for companies, especially small businesses, to get business loans. Ironically, it is also in this situation that smaller companies often need additional capital infusion to boost income. You may need to get small business loans to acquire a better business location, construct a new building, renovate your premises, pay for new equipment, fixtures or furniture or increase inventory and working capital.
Most Small Business Loans Require Collateral
To get business loans, even small business loans, is a major challenge.
First you need to identify which among the many types of small business loans you need. Small business loans ranging from $5,000.00 to $35,000.00 are called micro loans. For larger needs, such as for the acquisition of land, buildings and other major fixed assets, development financing is what you should find. There are also import export loans as well as franchise financing. Do your research to find out if you are qualified for small business loans guaranteed by the U.S. Small Business Administration or SBA.
(No Ratings Yet) Loading ...
Recent Comments