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So far Hyak Financial has created 7 blog entries.

A Good Business Loan Package

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 [...]

By |2019-03-10T10:09:39-07:00March 2nd, 2019|Commercial Loans, Economy and Rates|Comments Off on A Good Business Loan Package

Hard Money Lending in Your IRA

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 [...]

By |2019-03-10T10:09:23-07:00December 11th, 2018|Commercial Products|Comments Off on Hard Money Lending in Your IRA

Dun and Bradstreet. The Credit Report for Business.

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 [...]

By |2019-03-10T10:10:27-07:00June 6th, 2018|Commercial Loans|Comments Off on Dun and Bradstreet. The Credit Report for Business.

Small Business Leasing, it’s Back.

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 [...]

By |2017-12-04T21:00:56-07:00May 28th, 2011|Commercial Products, Economy and Rates|0 Comments

New IRA Loan without Tax Penalties

Now you can tap the money in most IRA's and 401k's* without tax penalty and very low rates with Hyak Financial: Rates at LIBOR + 2.3% to LIBOR + 2.9% (currently around 4%!) Up to 95% of the value of your retirement account Tax Accountants and Attorneys handle the process Entire Process Takes Less than [...]

By |2017-12-04T21:00:56-07:00October 8th, 2009|Commercial Products|0 Comments