Requirements for Small Business Loans

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Current benchmarks and forecasts for small commercial bank loans

This report gives you a graphical tour of small business credit markets, including average rates, terms and other vital data. Knowing these norms will give you valuable leverage when negotiating for the best deal. Rates and terms will vary based on region, the health of a company and the value of its assets. Figures are revised as new reports become available, so check back at least once a month for updates. The report includes:
Current Interest Rates
Survey of Borrowers: A poll of more than 1, 000 small companies by the National Federation of Independent Business. Figures reflect the average interest rate on new short-term loans. While figures arent as authoritative as the Federal Reserve survey of lenders (below), the NFIB's monthly poll is more timely, and its movements have closely approximated the government data.

Survey of Lenders: A quarterly survey of 400 banks by the Federal Reserve Board. The rates reflect commercial loans made by a broad variety of banks: domestic and foreign, large and small. It does not include independent finance companies. Figures reflect all loans in all risk categories of less than $1 million, broken down by size above and below the $100, 000 mark.

Key Provisions and Terms
Where You Are Most Likely to Find...

The Lowest Rate: Compares the average rate on small commercial loans based on the type of institutionall domestic banks, large domestic, small domestic, and U.S. branches of foreign-based banks. Foreign banks tend to offer the lowest rates, while small domestic banks are usually highest.

The Longest Maturity: Compares the average maturity or interval between rate adjustments among the types of institutions listed above. A longer maturity is usually more desirable, especially when rates are rising, because it brings stability to your financial planning. In recent years, small domestic banks usually offered the longest maturity. Maturities at foreign-based banks were shortest.

A Call Provision: This allows a banker to demand full payment of a loan ahead of schedule if you fail to make payments or specific business performance goals. As a rule, most borrowers would prefer a non-callable loan. In recent years, less than a third of the value of small commercial loans have included a call provision, but foreign-based banks are almost twice as likely to insist on one.
A Prepayment Penalty: This is a fee, often quite stiff, that banks charge if you pay off a loan early, which you might want to do if rates fall sharply. A prepayment penalty favors the banker, unless you get a substantial discount on the initial interest rate. Only a small fraction of recent loans have included this clause. If youre offered a loan with one, ask if the bank will delete it.


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2012-11-13 09:58:17 by DMmoney

Loans for a small business

Hi,
I've posted about loans (and grants)already.
Here is the short version in case you are interested:
US. Government Grants & Loans:
up to $250,000 and grants up to 50,000$ for small businesses that need cash flow.
In order to get funded you'll need to know how to apply and the requirements your business needs to meet in order to get approved.
For easy to follow instructions please go to freefundingandgrants.org . Funds usually issued 60 – 90 days after submission.
OK, this was the message. There was also a related discussion in the forum

2012-11-10 01:45:17 by DMmoney

US. GOV. Small Business Loans&Grants (Free info)

Hi guys,
ATTENTION: THIS IS NOT A SCAM. It is a FREE service given to business owners and business owners to be. You will NEVER be asked to pay for this information. You will NEVER be asked to give personal information.
US. Government Grants & Loans:
New information on government releasing loans of up to $250,000 and grants up to 50,000$ for small businesses that need cash flow.
However, in order to get funded you'll need to know the proper way to apply and the requirements your business needs to meet in order to get approved. Funds usually issued 60 – 90 days after submission

2012-11-08 09:15:01 by DMmoney

For Business owners only - US. Loans & Grants

Hi guys,
This message is for business owners or business owners to be, so if you are looking for a get rich quick program please move on.
New information on government releasing loans of up to $250,000 and grants up to 50,000$ for small businesses that need cash flow.
However, in order to get funded you'll need to know the proper way to apply and the requirements your business needs to meet in order to get approved.
You can find easy to follow instructions if you go to freefundingandgrants.org. Alternatively, you can send an email to danbeker@gmail.com and write in the title field: Request free information loans & grants

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