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Tips For Using Student Loan Funds Today

December 22nd, 2020

With the number of people returning to college today, there are several choices for getting help with the cost of tuition and books. Using the federal student loans that are available can help you to finance the cost when you are finding that the available grants and scholarships do not cover the cost. There are certain requirements that will need to be met for this program.

The choices that you will find will help you to finance the cost but it will be important to remember that you will eventually need to repay the money that you borrow. With the recent changes in the financial aid for this type of financing the government now monitors the use of the money as well as the distribution.

While there have been many changes in the processing of this type of aid, the options remain the same. When you need to borrow to finance your education, you should plan accordingly so that you do not borrow more than you need to. There will be a limit that can be requested per term of schooling of course. However it is common that for a person borrowing the full amount available that there will be funds disbursed to them.

There are many ways for a person to finance their education. For example there are grants and scholarships that should be requested prior to taking out a loan. However, when you are unable to secure enough using these options you might turn to educational loan choices to help you to avoid having out-of-pocket expenses to complete your degree.

When applying for this type of financial aid, you will be required to sign a promissory note with the lender. While the process itself is handled through various government agencies, the funding is still processed through a banking institution. When you sign this note you are agreeing to repay the funds in the future. The repayment period will begin when you are no longer enrolled as at least a half time student.

National student loans help students to pay for the cost of their education. Figuring out how much to borrow will be determined by the cost of tuition and books and by the amount of other funding that is received. When you request a loan you need to remember that the funds will need to be paid back. The benefit of this type of funding is that the loan is given at a very low rate compared to other types of lending.

Personal Loans With Bad Credit: Covering Personal Expenses With Loan Funds

December 8th, 2020

Normally, when we seek a loan, we do so to fund a specific purchase. Perhaps it is for a car, or to finance a vacation, but there is a single purpose to seeking the extra funds. But sometimes, the money secured is related to personal expenses. If this purpose is perceived to cause problems, then the good news is that even when applying for a personal loan with bad credit, these funds are attainable.

It is important, however, to define what exactly funds for personal expenses are. This is not to be confused with using cash for frivolous things. Instead, they can be described as various or single expenses that need to be paid immediately.

There is a very wide variety of expenses that fall into this category, but the key factor to consider is that they are debts that require immediate (or close to immediate) attention, and are added to the normal monthly obligations. They best solution? A payday loan.

What is a Payday Loan?

Also known as a cash advance loan, this loan product is amongst the fastest and most dependable funding options for those seeking personal loans with bad credit scores to their name. Approval can be granted as quickly as a few minutes, and money transferred to the account of the successful applicants within 4 hours.

The speed is possible because approval is granted against an upcoming paycheck. In effect, cash for the check is given, with the funds withdrawn (with interest) directly from the account of the borrower on the next payday. This system is fast and assured, allowing for immediate access to funds for personal expenses in times of financial emergency.

Crucially, lenders who provide payday loans are not interested in the credit history of the applicant. With a direct access to income on payday, there is little need for good borrower reputations or promises. But, they also have some strict conditions that borrowers must be adhered to.

Conditions of Payday Loans

The ease of access that is possible with these loans is hugely attractive, especially to those applying for personal loans with bad credit. But nothing is for free, and even online lenders, who are famed for offering competitive terms to bad credit borrowers, have strict conditions.

For a start, the interest rate is typically very high, as high as 30% with some lenders, so while being one of the most accessible, these loans are also one of the most expensive. And since the loan is typically cleared in one payment, the loan principal is kept low – the maximum being $1,500.

This sum can provide enough funds for personal expensesor to deal with financial emergencies, but remember that, with a 30% interest rate, repaying a $1,500 payday loan in full requires $1,950. That is a significant sum to taken from one paycheck.

Other Advantages of the Payday Loan

Despite these limitations, and expense, associated with taking this kind of loan, there are a considerable amount of advantages. The speed of approval has already been mentioned, but for those seeking personal loans with bad credit there are other positives too.

Since there no credit checks are required, it means that anyone with a source of income and a large enough monthly paycheck can access cash very quickly – even if they have a terrible credit history. This ensures that funds for personal expensesare always within reach.

Also, with conventional loans, receiving approval so readily usually comes only with the addition of collateral. But a payday loan requires no collateral, so in the unlikely event of a default, nothing of worth is lost.

Secured Personal Loans: Funding after Bankruptcy

November 25th, 2020

There is no need to despair; someone who has gone through a bankruptcy process can easily get approved for a secured personal loan within certain period of time if able to meet certain requirements. Bankruptcy can be very stressful but finance can still be found during these hard times, you just need to know where to find it.


Each lender has different requirements when it comes to personal loans. Due to a lack of regulation on this particular issue, lenders are free to lend to anyone and take as much risk as they want. Their only limitation is the interest rate they can charge but they usually bypass this limitation by charging additional fees and other costs.

The main requirement, as usual, is your credit score. Of course you will have a low credit score after bankruptcy. The question is, however, how low? If bankruptcy was your last delinquency, then, your credit score must have increased over some time and if there weren’t too many delinquencies before bankruptcy, perhaps you can convince lenders that bankruptcy was due to unfortunate events and not because of your poor credit behavior.

Your credit history is another important variable related to your credit score. The credit history that really matters is the months following your bankruptcy. Your credit report must show no late payments, nor missed payments and no other delinquencies whatsoever during those months. This will greatly increase your possibilities of getting finance after bankruptcy.


Since bankruptcy implies a lot of risk, the key to obtaining finance is to reduce that risk. One of the best ways to do so is to offer some kind of security by providing an asset as collateral. A house, apartment, a car or any other vehicle can be used to secure your loan and increase your chances of getting approved. Obviously, the asset has to be worthy enough. Its value should exceed significantly the amount of money requested.

Even though the loan will be secured, the interest rate charged will be considerably higher, this is due to the fact that collateral will only reduce the risk but the risk for the lender will still be higher. A past bankruptcy shows you’ve defaulted before and that scares lenders away. Thus, the interest rate, which is based on the risk, will be higher under these conditions than under regular conditions.

Outstanding Debt

Since not all debts are discharged after bankruptcy, your debt level will also be a variable to take into account when a lender considers to provide finance or not. If you still have outstanding loans and high amounts of debt, chances are that you won’t get approved unless you can show a steady income and provide a very valuable asset as collateral that is free from mortgages and other limitations.

Student Loan Funds

November 3rd, 2020

Most college students need money for school and will get it in ways of borrowing the money or taking out student loans. There are two main differences of funds we want to talk about here, free and not free!

The free money we’re referring to can get gotten as a grant or scholarship that never has to be repaid. The second form is a type of loan that has to be paid back, with interest. What you should concentrate on first are the federal loans because of the excellent benefits they have and flexibility in payment. A typical college student that that either graduates OR leaves school will spend ten or more years repaying their student debts. College is by far is one of your biggest investments that you will ever make. Notice I didn’t call it an expense because it’s definitely worth it and will help you get ahead in life.

There are many types of loans out there but I mainly want to talk about what’s available from the federal government first:

Federal Student Loans

These types of loans are obviously funded by the federal government and with that comes many options and benefits. This category includes the Stafford Loans, Perkins Loans, and the Federal Consolidation Loan.

Stafford Loans – comes in two forms, subsidized and unsubsidized. This is the most common used type of loan and just about everybody qualifies for some type of assistance through the Stafford Loan program.

Benefits of Federal Student Loans

Some of these benefits include lower interest rates, the fees are lower, and the payback policies are more lenient. Federal student loans are unlike private loans because they have flexible repayment terms that let you worry about passing college and paying for it after you have graduated. You have enough to worry about with those grueling professors!

The Art Of Being A Good Hard Money Borrower

October 27th, 2020

In “Rich Dad, Poor Dad,” Robert Kiyosaki talks a lot about the lack of basic financial education in our school system. Likewise, there is no school that teaches borrowers how to manage their funding, set realistic timelines or chose a competent lender. Borrowers generally face an uphill battle because of their lack of knowledge in this arena. Once a borrower is prepared to accept hard money terms, they should have realistic timelines and expectations. It goes without saying that you had to already consider the associated costs and the projected upside, but make sure the financing helps you accomplish your main objective.

I have seen many deals cross my desk (a few of them more than once) that don’t fund because the borrower makes a critical mistake. After working on this unique funding solution for close to seven years I have come up with seven secrets that will help you become a successful Hard Money borrower. In order to fund your deal, you need to:

1. Be realistic in your expectations: Don’t expect conventional rates or fees if you have a sub par credit score or if you have a debt-service coverage ratio of 30 percent. With the credit markets tightening today, be prepared for 5-8 points and 12-17% interest.

2. Provide accurate information: If the property was bought two years ago as a non-performing asset for $525,000 don’t try to hide that fact. In the end the lender will always uncover each rock during the due diligence period, so be up front on every detail. The best method is to make sure that you can document every claim you make in the loan package.

3. Don’t carpet bomb the deal: I can’t tell you how many deals where I have had multiple brokers approach me at the same time. The surest way to kill your deal is to have more than one broker working on it at the same time.

4. Think in terms of “As Is” Value: If you have an MAI appraisal completed, always reference the “As Is” value. Don’t submit a request that is out of line with reality. For example, let’s assume you are looking to purchase a non-performing apartment building. Market rents are currently $500 per month for each unit, but you are basing your numbers off of $1,000 per month for each unit. The details of this deal simply do not add up and are unsound because there is usually not such a large discrepancy in rental amounts.

5. Be Prepared: In order to get your project funded there is usually a lists of items that your broker will ask you to complete. Make sure you get this to your lender as soon as possible. Lenders are not happy if they have to ask you twice.

6. Make everyone involved aware of timelines: If there are deadlines in which certain benchmarks need to be hit, make sure you make everyone aware of this upfront. However, be cautious not to use this as your trump card. If you are continuously bringing up new dates the lender will quickly lose interest.

7. Be aware of the process: Have your lender/broker fully explain the loan process to you. Make sure they make you aware of: documentation requirements, up front due diligence fees, site inspections, valuation method, points, fees, etc….To protect yourself against any last minute surprises make sure you understand the associated costs and time required for each one of these steps.

If you follow the advice in these seven secrets you will be well ahead of your competition in getting your hard money loan funded. Most importantly, make sure that you are courteous and respectful with your hard money lender. The commercial finance world is very small and good relationships go a long way. Not only will they be a great resource to help you make money on your projects, but can also be a good source of leads for potential investment opportunities. By aligning yourself with the right individuals, having the right expectations and being prepared you will be well on your way to getting your Hard Money deal funded. To your Success!

Types of Business Revolving and Micro Loan Funds

October 15th, 2020

Revolving and micro Loan funds are emerging as the primary source for entrepreneurs to obtain funding for their business as banks have been tighter with lending. Micro loan programs are provided by various federal, state and not for profit agencies to assist with economic development.

The funding sources shown below are not lent directly by the funding agency, rather these funds are provided to intermediary groups such as economic development agencies, municipal bodies, etc to disperse in their region. These funds are provided at no to little cost for the purpose of increasing economic activity and creating/retaining jobs. Below is an overview of the most common revolving and micro loan funds for businesses.

SBA 7m – The Small Business Administration (SBA) 7(m) Micro loan program gives short term, lesser dollar amount loans to small business entities, and also to organizations such as non-profit childcare and daycare centers. The Small Business Administration makes funds readily accessible to designated lenders, who act in an intermediary capacity. These intermediaries will be locally based non-profit organizations that have expertise, not only in general lending, but in the area of technical assistance and management. The intermediaries then directly supply the loans to qualified borrowers. An average loan amount is from $10,000 to $15,000, with the maximum available loan amount being $35,000. The general outline of fund usage is leasehold or renovation improvement, or as working capital. Job creation or retention requirements will apply.

Loan Amount: up to $35,000

Interest Rate: Typically 5%

USDA IRP – The purpose of the Intermediary Relending Program (IRP) program is to alleviate poverty and increase economic activity and employment in rural communities. Under the IRP program, loans are provided to local organizations (intermediaries) for the establishment of revolving loan funds. These revolving loan funds are used to assist with financing business and economic development activity to create or retain jobs in disadvantaged and remote communities. Intermediaries are encouraged to work in concert with State and regional strategies, and in partnership with other public and private organizations that can provide complimentary resources. Job creation or retention requirements will apply.

Loan Amount: up to $150,000

Interest Rate: Typically 5%

USDA RMAP – The USDA’s Rural Microentrepreneur Assistance Program (RMAP) is designed to create jobs, and strengthen rural communities by providing specialized technical support and loans for small businesses.

RMAP provides loans and grants to Microenterprise Development Organizations (MDOs), which in turn provide technical services and distribute micro loans to rural microentrepreneurs. The MDOs are not required to be located in a rural area to be eligible to participate but microentrepreneurs must be. Microenterprises may be, but do not have to be, food or agriculture-related.

In addition to loan funds, training, operational support, business planning, market development assistance, and other services to rural microentrepreneurs is available to no charge. Job creation or retention requirements will apply.

Loan Amount: up to $50,000

Interest Rate: Typically 5%

EDA Revolving Loan Program – The Economic Development Administration (EDA) Revolving Loan Fund Program is the Economic Development Administration’s economic development financing program that helps America’s small businesses grow while benefiting communities through tax base expansion, business growth and job creation. Loans are available for most types of small, for-profit businesses to purchase and/or renovate capital assets including land, buildings and equipment or to finance working capital needs such as inventory and accounts receivable. Job creation or retention requirements will apply.

Get an Instant, Guaranteed Personal Loan Funded in 3 Easy Steps

September 26th, 2020

When your finances call for a quick cash injection so that you can cover some monthly bills such as unexpected medical expenses or a new engine for your car (etc.), you probably have more options for getting cash than you may think.

This above statement is a surprising one for most people to hear. That is because when you realize that you really are in bad need of cash, your first reaction can be to feel trapped, closed in and constrained. Nobody likes to feel that way. If you think about it, these feelings are very similar to what it is like to be in prison!

The way to set yourself free from your financial prison is to take a two-pronged approach. Of course, in the long term, you will need to make responsible financial decisions in your life. That means paying down your credit card debt and building up at least 6 months worth of cash as a buffer against life’s mishaps.

But then there is the short term: your one and only goal in the short term should simply be to survive it. And for that, you will need cash right away. One option you should consider is a personal loan.

There are essentially two types of personal loans: secured and unsecured. They both work in a similar way, but the difference is that with a secured loan you will need to put up some collateral that the lender can hold onto, such as the title to an auto or a home. Another form of collateral is to write the lender a check against a paycheck you plan to receive in the near future.

On the other hand, with unsecured loans, there is no collateral requirement. You may pay a higher interest rate, however.

If you are looking to get qualified for an instant guaranteed personal loan, follow these 3 easy steps:

1. Figure out how much you need to borrow:

Start by taking account of just how much money you will need to borrow. Obviously, you will want to borrow enough to cover your current cash needs. But, it can be tempting to want to borrow a little more than you need right now. While the temptation to do this is certainly understandable, be a bit wary of this option: you will want to avoid incurring interest as much as possible. The smaller the loan, the less interest you will have to pay.

2. Prepare your documentation in advance:

As with any type of loan application, you will need to supply certain information about yourself. This can include employment information, credit information and residence-related information. Do yourself a favor and have all of this ready in advance of starting the application process.

3. Apply to at least 3 “instant personal loan lenders”:

This is probably the most important tip among the three: be sure to apply to multiple lenders. Why? Well, the way that most people approach the process is to just apply to one lender at a time. Once they are accepted, they rejoice in their newfound cash, accept the offer, and stop searching. This is a big mistake. Just spending an extra 30 minutes to apply to at least 3 lenders will greatly improve your chances of loan approval – and getting the best-possible rate.

Mortgage Loan Funding – Helping You Get The House You Want

June 2nd, 2020

When talking of a mortgage loan, it means that you borrowed money using your house as collateral. Finding a good mortgage requires you to look into your mortgage loan funding options. Most commonly banks, but these days can include other options as well.

Although a 100% mortgage requires no deposit but sometimes offered higher interest rates on the loan especially for a first timer. While in the low income borrowers, they are defined as 50% below the meridian income, in this type of program, subsidizes the borrower’s mortgage payment USDA programs are targeted to a certain areas but not available in all countries.

In other place, most lender will not funded until that person receive and review the final closing documents since lenders do this to ensure that the documents transfer financial liability as required and to know that their collateral is in place and the buyer is using the closing process which can make other parties especially the seller and buyer are nervous and since mortgage involves a huge amount of money, the lenders typically allow this type of transfer at a certain times in the day.

Usually the banks must have the funds available to fund mortgages and mostly the banks fund comes from the bank deposits where in the clients place in accounts. Some banks use mortgage bonds or other mortgage backed securities to raise money specifically for mortgages although some of the government programs also help lenders with low income mortgage.

Remember that your home is the largest investment and important financial transactions once ever make so you need to make all things right in your decision before jumping to any commitment or transaction. Sometimes your best deal is the not your best choice so you need to think and have a good plan for it.

Mortgage loan have several types and these may be subject to local regulation and legal requirements.

Term – A mortgage loan have a maximum term, it means a number of tears after which an amortization loan will be paid although there are some mortgage loan does not need amortization or require full repayment of any remaining balance at a certain date.

Interest – Interest may be fixed for the life of the loan or may change as pre defined periods and interest may go higher or lower depending on the rate

Prepayment – Types of some mortgage that limit or restrict prepayment of all or portion of the loan as well or may require penalty payment due to lenders prepayment.

Payment – The amount paid per period may change or have the option to increase or decrease the amount either due to pay on time or delayed in payment.

So before having a mortgage loan funding, try to have some knowledge in regards to any kinds of loan and always see to it that you get the lower interest rates since mortgage loans usually have a longer term.

Business Loan Funding – Financing Your Business Growth

March 17th, 2020

There are many people want to own a business. It might be a small business or big and some people also need some financial funding due to lack of funds. If your business suffers from not having enough capital or your business has experienced growing pains due to lack of money, then you need to have a business loan funding.

Some people need some operating capital and you need to have a loan in order for your business to succeed or grow but that is not easy. Since if you have a business loan funding from the bank, then you need to meet the requirements and the documents needed by the bank such as business and personal financial statements, reviews of the financial records and credit reports of the business to determine eligibility for funding and others.

Since a business loan funding refers to money obtained through a business loan, the banks and other financial companies offer loans to small business for start up or operating expenses and with regards to the terms of application requirements, interest rates, loan amounts and repayment plan, which need to be, discussing between the borrower and the lending institutions. Every financing institutions or banks have different requirements to their clients depending on the business loan funding you applied.

There are banks or financing institutions who offer their clients extremely effective tools to assist owners and managers with great growth and decision making for their business which is part of their services. Before having a business loan funding, be sure you have a business plan to present which is profitable enough to pay your loan.

The plan you have includes information on what your business does and the target market where you can reach the customer. You must indicate why people need your products as well as your services. You also include the marketing plan and analyses to help convince your lender s that you will able to repay them. Show also your return profit and your budget for the business you want to have.

Knowing that the main source of business loan funding are the entrepreneurs own pocket and next are the banks and credit unions although some financial institutions offer business loan funding program just to help the small business or other business who need some funding for their business. Most of the business loan suppliers such as bank for example; they are becoming conservative in their evaluations of prospective business loan clients.

Especially for the new businesses, it’s hard for them finding business start up funding since you need to put together an attractive business funding proposal, meet the lenders expectations and increase the chances of securing the business financing need.

So the credit personal history is one of the most important things you need to take care since most financial institutions or banks will carefully scrutinized your personal financial history and as well as the asset you have as for collateral if they will asked. Take note, Banks and other financial institutions or other credible lending sources want a guarantee for the money you lend and most likely the guarantee is usually at least the value of the loan or might be greater the amount of the loan you applied.

Banks or other financial institution always wants to be sure that their money you borrowed will be return and with interest since the interest is where they gain their profit; although there are also financial institutions who risk lending you money for your additional capital or starting up due to your good credit history and personal financial capability.

Marketing, Promoting and Advertising Your Business

February 28th, 2020

One thing that goes without saying in today’s business world, is that regardless of the nature of your home based business, a website is an absolute MUST. Whether you have a product or service to sell, whether local or global, your business will go nowhere fast if you don’t have an online presence. If you need internet marketing help, you’ve landed on the right article. I’ll give you some home based business marketing ideas that will help you promote your business successfully.

The first step is choosing a domain name and getting it registered. You can build your own website (if you have the time) and host it yourself or you can have everything done by another company (if you have the money). Either way, you have many options and tools at your disposal that can align with your business plan and budget. Also note that you can still start your own home based business even if you don’t have a product or service to sell. There are thousands of individuals and companies that have products you can sell for them while earning a commission, called affiliate marketing.

Of the many business marketing strategies known to man, internet marketing is, hands down, the best strategy to use for promoting a home based business as it is the cheapest method and has the potential for reaching millions of people all over the globe. Driving traffic to your site through online resources is like killing two birds with one stone. You can tackle print advertising by writing articles and publishing them to directories and ezines and by submitting ads to the many available (and most of them free) classified ad sites. Online media advertising encompasses writing press releases and distributing them to press release sites. One of the biggest and most popular online advertising trends today is via social media advertising through sites such as Twitter, Facebook, and LinkedIn where you build relationships with your customers. Forums and communities are also great ways to build relationships which helps promote your home based business in the long run. Simply Google your market or industry with the word ‘forum’ or ‘community’ behind it and search for one or two that seem to be the best fit for you.

All of these methods of online advertising contribute to search engine optimization (SEO), which is to say improving your online visibility and escalating in the search engines like Google, Yahoo and Bing. Your goal is to claim the #1 spot in the organic search results (the results on the left, not the right side which are paid ads). This is where your traffic will come from. If you are 800 in the list of search results, no one is ever going to see your site because very few people have the time or patience to scroll through 800 search results. Research shows that people typically won’t even scroll past 4 or 5 search results, let alone 800.

Can you grasp the importance of internet marketing for any business? If you are new to the internet marketing phenomenon and don’t know exactly where to start, there are many great programs or systems online that walk you through every aspect of marketing your online business. A lot of these systems were created by online entrepreneurs who have spent thousands of their own dollars trying to figure it all out over the years and finally DID. Their sacrifices have made it easier for newbies to become successful at their own online home based business. If you are new to running your own home based business, I recommend you find a great system (do your research, read reviews, ask questions in forums) and start marketing your home business from there. Don’t waste the time and money that so many of us have in going it alone, without a proven system, as it will just set you back further and hinder your progress.