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Month: July 2018

Uncategorized

Qualification for an SBA Loan: Cash Requirements, Management, Ownership, Net Worth

  A person who wants to borrow from an SBA Lender needs to understand these qualifications: Cash Required: Borrower must have the cash for the transaction in a bank account …

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SBA Loan and Charge Off on Credit Report (Borrower Owes Ex-Spouse Debt)

Who: 1. Borrower wants to refinance his business debt. 2. Borrower went through a divorce to a trial. 3. Borrower and Ex-Spouse were ordered to split the credit card  debt and …

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Qualifications for an SBA Loan: Foreign National, Criminal Record, Education as Experience

A person who wants to borrow from a lender who finances SBA Loans needs to have these qualifications: Foreign National: Borrowers need to be citizens of the United States or …

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Qualifications for an SBA Loan: Experience, Cash, Credit & Income

A person who wants to borrow from a lender who finances SBA Loans needs to have these qualifications: 1. EXPERIENCE – Requisite experience in the industry he is in or …

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Qualifications for an SBA Loan: Parts 1 – 11

What are the qualifications for an SBA Loan? A Borrower (Business Owner) which wants to obtain an SBA Loan needs to have a working knowledge of these qualifications: 1. BORROWER …

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What Is A Success Fee In Commercial Lending?

This questions deals with the fee being paid a commercial mortgage broker when a loan closes with a lender who was introduced to the borrower by a broker. 1. You …

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Qualifications For An SBA Loan: Borrower, Business Type and Property Type

A person who wants to obtain an SBA Loan needs to have a working knowledge of these qualifications:     BORROWER While there are many factors affecting the ability for a …

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Does The SBA Limit The Types Of Loans For A Manufacturing Business?

With few exceptions, the SBA Regulations does not limit the industry or business where the funds can be used or how the funds are used as long as its for …

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Credit Card Utilization And Credit Score Impacts

VantageScore partnered with MagnifyMoney.com, an online financial education and comparison tool, to conduct research about how influential the revolving debt metrics are in consumer credit scores. Click here to find …

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IRS Notice Response Tips Everyone Should Know

IRS notice response tips everyone should know: These 13 Tips can help practitioners and taxpayers respond effectively to notices from the IRS.   Click here to go to the article …

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SBA Loan Used To Purchase Bar & Grill

Who: 1. Borrower has dreamed of owning a tavern 2. Borrower is a bank branch manager 3. Borrower has experience as a tavern chef 4. Borrower rents a residence and …

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What Is Required To Obtain An SBA Loan To Acquire An Online Business?

An Online Business is no different from any other business which offers a service and has little or no “hard assets”. Its about longevity and net cash flow (along with …

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Can You Have An SBA Loan And A Separate Line Of Credit?

1. Yes, you can have an SBA Loan and a Separate Line of Credit. a) The SBA Loan will have a first lien position b) Most banks and SBA Lenders …

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How Much Money Would It Take To Open A Gas Station?

1.  Let’s look at this from a bit different perspective. 2.  What is the cash down payment to start up a gas station and do you need other collateral to …

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SBA Loan Funding – $500,000 Restaurant Refinance with Working Capital

Transaction Overview – Family Restaurant This borrower had worked hard to build his small family restaurant into a profitable business, but he was shut down at every turn when it …

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SBA Loan Scenario – Mixed Use Property Qualifies for SBA Loan

Who: 1. Borrower owns and manages a banquet facility 2. Borrower has owned this business for five years 3. Borrower business income meets all loan requirements 4. Borrower has middle …

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264 N. Main St, E. Longmeadow, MA 01028
617.336.3215 x 5
info@continental.finance
Fax: 888.498.0580
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