Commercial bank loans, aka conventional loans, though “beat up” are still available. Yes, pretty much every component of underwriting has tightened, i.e. loan to value, debt coverage ratio, global cash flow, borrower experience, etc but many decent (not perfect) commercial loan requests can qualify and enjoy the benefits. Like low, long term fixed rates, longer amortization schedules and the lowest fees in the business.First of all, what do we mean by commercial bank loans? We’re referring to conventional loans that are funded by banks and are often held onto by the bank. Further these loans are not backed by any type of governmental support, like B and I or SBA loans are. So, because the banks fund and often hold onto the debt, they want to make sure they are decent deals.Commercial Bank LoansWe get a lot of people that contact us with the mind set, “assuming you can’t help me, but thought I’d call anyway.” The key areas that borrowers need to keep in mind is that banks are mostly concerned with the cash flow of their business and what the borrower looks like on a personal cash flow level. This is referred to as Global Income.One solution for many borrowers, that have not already filed their tax returns, is to simply tell their accounts to show as much income as possible. This often can be the cure that borrowers need to better qualify for these superior loans.Also, borrowers need to do a “180″ on their attitude towards banks. Meaning, many banks are now in worse condition than many borrowers. They have cash flow and liquidity issues themselves. In fact, 80% of all commercial banks are pretty much on the sidelines. So just because you get turned down cold by a few banks does NOT mean you can’t find one that is healthy and has a real appetite for your type of loan request.As far as the benefits, borrowers can currently expect low rates in the 6%’s, with amortization schedules from 25 to 30 years. Also, fixed rates on conventional loans can still go up to 10 years, though 7 and 5 years is more common. Further when compared to loans backed by the SBA or USDA loans that have fees of 2 -3% these are very inexpensive with normally only 1%.Though commercial bank loans many have lower loan to value requirements, and increased general underwriting standards they are well worth the effort.
How to Market Your Small Business Online
Here are four proven methods to market your small business online. Getting more visible online means more sales and more customers. Learn how to market or pay someone to do it – unless you plan to fail!What you would want is to have your online marketing fulfill all of your goals you have set in maximizing your business. There is just no doubt to the fact that if you are marketing your business online, you have a better chance of making good money for your business and marketing your products and services over to people who are actually interested in buying or using them. You would be really helpful to your business organization if you just have a vision of expanding your business and pursue this vision by marketing it online.In order to market your small business online, you need to set up precise goals for yourself which you want to accomplish in the long run by going through with the advertising campaign. Internet marketing can prove very much effective both in costs and outcome when compared to other conventional methods of marketing, such as the newspapers, radio and television. You would wonder why that is so, but if you would look at just the simple fact that internet marketing can capture the audience would put an end to all your wonder.In order to effectively market your small business online, you would want to take an online course in internet marketing. However, before you choose on something, let us look over the most important elements that your online course should have.1. It should tell you how to effectively use the other forms of marketing to derive traffic to your internet website, where you are marketing your products and services.2. Teaching you how to effectively use the methods of Search Engine Optimization (SEO) in order to derive more and more traffic to your website. SEO plays an important role in adding up the traffic to your website so that your products are viewed by more and more people, so that you would have a greater chance of making prospective customer leads.3. Adding your website to Google AdSense and AdWords is a thing that the training program should teach you. This is absolutely necessary for your internet marketing campaign.4. It should also teach you the ways and methods to effectively market your products on the social sites, like Twitter, Facebook and MySpace. These sites are visited by millions of users’ everyday, and in this way you would be able to maximize your business.