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Date:
Wednesday, February 21 2007
Never sign for a business loan until you have read the entire document, and never, under any circumstances, sign a blank document or a document with empty lines that could be filled in later.
When you are reviewing the document, keep these key points in mind:
- Avoid loans with balloon payments.
- Always choose a loan with positive amortization, otherwise you may find your loan balance getting bigger each month instead of smaller.
- Finally, beware of high prepayment penalties.
In addition, make sure to read these articles:
- Should I Include Payment Terms in My Promissory...
- Understanding Promissory Notes
- What Do Promissory Notes Contain?
- Brooklyn EDC offering emergency loans for...
- How Do I Avoid Prepayment Penalties in Business...
- Fitch: U.S. Small Business Loan ABS Delinquencies...
- Fitch Will Continue to Monitor BLX SBA & Small...
- Available For Acquisition; 73 -- Business Services;...
- Available For Acquisition; 73 -- Business Services;...
- Available For Acquisition; 73 -- Business Services;...
- Available For Acquisition; 73 -- Business Services;...
- Business Loan Express (BLX) is Now CienaCapital.
- State, County, and Local Small Business Loan...
How to property draft promissory notes.
Also known in accounting terms as a note payable, a promissory note is a contract that lays out the terms and conditions for the repayment ......
A promissory note is a written promise to pay a specified amount within a predetermined period of time at a specified amount of interest; it ......
Brooklyn Economic Development Corp. has created two short-term emergency loan funds to assist businesses hurt by the World Trade Center tragedy. Businesses in all five ......
Learn how to avoid paying penalties on business loans.
CHICAGO -- Shifting economic conditions and credit dynamics likely mean continued higher delinquencies for U.S. small business loan ABS for at least the first six ......
NEW YORK -- Fitch Ratings has been monitoring ongoing developments related to the government investigations of Business Loan Express (BLX), and the impact these investigations ......
Service Business: Loan Closing Services: This business provides a witness closing service. Most closings are for purchases and the refinancing of home equity line of ......
Service Business: Loan Closing Services: This business provides a witness closing service. Most closings are for purchases and the refinancing of home equity line of ......
Service Business: Loan Closing Services: This business provides a witness closing service. Most closings are for purchases and the refinancing of home equity line of ......
Service Business: Loan Closing Services: This business provides a witness closing service. Most closings are for purchases and the refinancing of home equity line of ......
New Name, New Focus, Enhanced Product Line for Top Commercial Real Estate Lender NEW YORK -- Ciena Capital LLC announced today that effective immediately, Business ......
While the Small Business Administration (SBA) is a main resource for small business loans, it is not the only one. Find out what other resources ......
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