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Blog Image: Business Loans for Poor or Limited Credit

Business Loans for Poor or Limited Credit

Small-business owners are the bread and butter of the American economy, but the responsibility doesn’t come easy. Bad credit business loans can help owners out of a jam when they need it most. The cash obtained from a bad credit business loan can kick-start your business’s growth and help get your finances back on track.   There are many reasons why a company or business owner has less-than-stellar credit, but the outcome is still the same: It’s harder to get approved for traditional small business funding. Fortunately, lenders like Lonestarlending.net, can wo...

October 28th, 2020 | Bad Credit Business Loans , Business Loans for Poor or Limited Credit

Blog Image: Risk of foreclosure increase in specific markets

Risk of foreclosure increase in specific markets

Americans could face as many as 1.4 million foreclosures if homeowners remain unable to make their mortgage payments. That is according to a recent report from Realtor.com. As was reported earlier this week, the number of FHA loans in forbearance remains higher than the share for portfolio loans and private-label securities (and, based on said report, those also are increasing at a higher rate). Realtor.com points out that FHA loans generally are given to first-time, minority, and lower-income homeowners. Thus, those groups are most in danger of losing their homes to foreclos...

October 5th, 2020 Risk of foreclosure increase in specific markets

Blog Image:  Transactional Funding

Transactional Funding

Transactional funding is short-term funding, also known as same-day funds or flash funding, frequently used to finance business transactions such as real estate short sales. These types of real estate transactions frequently involve a non-assignable contract held by the bank. As a result, before a property can be sold to a prospective buyer, the bank's security interest in the real property must first be satisfied. The prospective buyer then can participate in a second transaction to purchase the property. Generally, these two transactions are performed as double or simultaneous closings. ...

October 3rd, 2020 | Transactional Funding , Transactional Funding

Blog Image: Debt-Service Coverage Ratio (DSCR) Explained

Debt-Service Coverage Ratio (DSCR) Explained

What Is the Debt-Service Coverage Ratio (DSCR)? The debt-service coverage ratio applies to corporate, government, and personal finance. In the context of corporate finance, the debt-service coverage ratio (DSCR) is a measurement of a firm's available cash flow to pay current debt obligations. The DSCR shows investors whether a company has enough income to pay its debts. In the context of government finance, the DSCR is the amount of export earnings needed by a country to meet annual interest and principal payments on its external debt. In the context of personal fina...

October 1st, 2020 | (DSCR) Investor Loans , Debt-Service Coverage Ratio (DSCR) Explained

Blog Image:  Why It’s Still  A Great Time to Buy a Home

Why It’s Still A Great Time to Buy a Home

1. Interest Rates are Very Low The Federal Reserve has made it as cheap as possible for homebuyers to borrow money for a mortgage, according to an article from CNN.com. As a home buyer, a lower rate means you’ll pay far less for your home, over the course of your mortgage. It also means you can probably get more home for your budget. If you’ve been considering buying a home, it’s now more affordable than ever. 2. Seller Desperation Smart sellers see the opportunity to find buyers right now, but many are going to wait out the coronavirus hoping for a more favo...

September 29th, 2020 | Why buy a home now?, Why It’s Still A Great Time to Buy a Home

Blog Image: Economic Injury Disaster Loans Available In West Texas

Economic Injury Disaster Loans Available In West Texas

There are currently 3 open SBA disaster declarations for economic injury caused by drought in west Texas and the panhandle area. As a result of these declarations, SBA Economic Injury Disaster Loans are currently available to businesses in the affected areas. SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster. Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonp...

September 26th, 2020 Economic Injury Disaster Loans Available In West Texas