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The initiative of starting up a business is something very good. But the simple notion of starting up a business is sometimes plagued with certain thoughts of indecision.

Start Up Business financing

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Which Business Loan to Take?

Here are the different types of loans:Long-term loans are probably the most common types of loans available.

Know about Broker !

whos is Broker ? An individual person who is paid a commission for executing customer orders. Either a floor broker who executes orders on the floor of the exchange, or an upstairs broker who handles retail customers and their orders.

It Is Better To Work with the Right Mortgage Broker

mortgage broker If you plan to purchase a home then financing is very important factor.

Showing posts with label Personal finance. Show all posts
Showing posts with label Personal finance. Show all posts

Thursday, May 24, 2012

CDC Small Business Finance

1:19 AM  Sudha Mishra  7 comments


CDC Small Business Finance founded in 1978 by Arthur H. Goodman, small businesses grow by providing an array of loan programs and services.Small business owners, brokers and lenders have relied on CDC for over 30 years to provide more than $8 billion in financing,which has helped in 33 years create over $8 billion in SBA-504 financing and other funding, resulting in more than 100,000 new jobs. CDC programs assist entrepreneurs throughout California, Nevada and Arizona.

Is a not-for-profit organization stimulating economic development by serving the financing needs of small businesses in California, Arizona and Nevada. Specifically, CDC offers fixed-rate, low down-payment, commercial real estate loans for the purchase of office and industrial buildings.

CDC also offers an array of community loan programs focusing on women, minority and veteran-owned businesses – those small businesses that face the greatest obstacles to securing capital. Additionally, in 2005 CDC created the Direct Capital loan programs, which provide financing through Community Reinvestment Fund to help small businesses, including nonprofits, in qualified areas.

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Friday, July 9, 2010

Which Business Loan to Take?

9:13 AM  Sudha Mishra  2 comments


Here are the different types of loans:

Long-term loans are probably the most common types of loans available. These loans can be used a working capital funding source and you can repay them on a monthly basis over a term agreed with your bank or financial institution.

Short-term loans on the other hand are supposed to be repaid within a year in a lump sum, instead of monthly.

Credit lines are usually used for working capital funding. Instead of granting you the entire loan amount, the financial institution will give you a certain amount each year.

Where to get funding?

When looking around for small business funding resources, your bank should be your first stop, especially if you have a history of working together before. Familiarity does go a long way in clearing any insecurities and doubts. There are many other types of lenders as well, the only differentiating factor between each of them would be the kind of loan they grant – secured or unsecured. Banks grant unsecured loans, while financial institutions are in favor of secured ones.

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