To prepare for a CNN interview on the 'freeing up' of small business lending, I had a very interesting discussion with:• Director of SBA Special Assets with a national $282 Billion Bank • CEO of
Once again, I sense you are looking for a definitive answer. And it is....(wait for it)...it depends.When it makes sense to use Capital Gains as recurring cashflow:The borrower is receiving payments on an installment sale.
It clearly takes cash flow to pay down a business loan. There are five places for it to come from in a business:Cash flow from operationsCash flow from selling off assetsCash flow from borrowing money
As a lender, you have three questions to answer before you can say 'Yes' to their loan request: Would the borrower pay the loan if they possibly could? Does it look like they can pay
If you are pulling historical cash flow from a 1040 (what really happened in the checkbook), you need to include IRA distributions if they actually received the money.If you are pulling recurring cash flow from
Lending to a business? Lending to a business owner? Either way, you undoubtedly ask for and receive a year-to-date financial statement. Here are eight questions to ask (yourself or your borrower) before you stuff it
We just went to print on our new manuals updated for 2009 tax forms. Perfect timing since they are due this month (unless your borrower extended to October).Purchase the manuals if you don't have them
It is great to hear that things are looking up...but for whom? Community banks and credit unions engaged in member business lending are most interested in small- to mid-sized business. Government stimulus, greater exports and
The U.S. Small Business Administration has announced the SBA's Patriot Express Pilot Loan Initiative for veterans and members of the military community wanting to establish or expand small businesses. Eligible military community members include:
Here is an interesting post by Jane Harford, FHA DE Underwriter writing for the National Association of Mortgage Processors blog.She does a great job of listing the red flags that pop for her and what
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