We’ve had the privilege of doing a few deals this year funded by Individual Retirement Accounts (IRA).  To be more specific, these deals were funded by self directed IRA’s (SDIRA). The process was actually pretty simple and it was a great way for our clients to fund private money / hard money deals from money [...]

In today’s lending environment, it is more important than ever to have a complete, organized and well prepared commercial loan package when approaching a lender for a loan. Below you will find the components of a typical business loan package.  This does not cover everything a potential lender may ask for, but will get you [...]

Often the small business owner is tied directly to the company through the credit report. This works well creating a global cash flow picture as well as payment history. The issue is activity and the antiquated scoring of the system. First, when the small business owner sets out the only way of determining if the [...]

Equipment Finance (or leasing) continues its evolution. It was not long ago anyone anywhere could ‘lease’ equipment. Then the bubble burst. Equipment brokers and leasing companies went out of business even more rapidly than the small businesses they helped finance. Issues were 3 fold: Cash Flow: Leasing companies were inundated with companies not able to [...]

Now may be the time buy… Low rates, low vacancy, low prices. Are we at the bottom of the market? Nobody really knows, however this is what we know. Interest rates remain low. Fannie Mae 10 year rate is as low as 4.80% today. Many investors I work with used rates (post 2007) in the [...]

The U.S. Senate passed the Small Business Jobs and Credit Act last week and it is expected to pass the house this week. This is a pretty big deal although you may not have heard much about it. The following summary (long, but very good) is from United States Senate Committee on Finance.  I’ve also [...]

I’ve always been a little skeptical of credit repair services, and I still am for most of them.  I’ve never put much thought or effort into finding one until recently.  I actually didn’t find one, a client did.  His score was in the high 5oo’s when he started with them 3 months ago and now [...]

I had a nice chat with a client this week about the prime rate and whether or not to leave their commercial loan of credit tied to prime, or to get a fixed rate.  The downside to getting a fixed rate is that the current fixed rate is higher than their current variable rate, which [...]

The SBA has extended the SBA guarantee to March 28, 2010. This protects the 90% guarantee and the waiver of SBA fees for a little while longer and is estimated support another $1.8 Billions in SBA loans.  More importantly, it keeps banks a little bit more flexible in their underwriting.  See the actual SBA press [...]

Hyak Financial has a great new commercial loan program designed specifically for medical professionals. Just a few possible scenarios for this commercial loan product are: Acquiring a Business Buying Out a Partner Expanding Your Business Adding Equipment Down Payment for Real Estate Refinance Existing Debt to Improve Cash Flow A few product details: Term and [...]