Although credit cards are not a financing device exclusive to commercial banks, they are often a part of a bank's lending portfolio. A revolving credit charge card can used by a business as an ... |
Although short-term commercial loans are sometimes used to finance the same type of operating costs as a working capital line of credit, they differ from lines of credit in that a commercial loan is ... |
Long-term commercial loans (those repaid over more than one to three years) are typically more difficult to obtain for smaller businesses because the longer the term of the loan, the greater the risk ... |
For a bank, the leasing business can take the form of either a loan that the borrower uses to lease equipment from an independent source, or a direct lease ... |
Letters of credit are not the most common means of small business financing, but they are an important financing tool for companies that engage in international trade. |
The final cost of borrowing money often involves much more than just the interest rate. A variety of other monetary and nonmonetary costs should be considered in determining the real cost of ... |
The financial costs of a loan are important considerations in shopping for a lender or negotiating with a bank. Here are the main features to think about and compare: |
Besides the direct financial costs of a business loan, you'll also want to consider these indirect costs and conditions: |
Here's the game that banks like to play during loan negotiations. The banker matter-of-factly states that a personal guarantee from all the owners of the business, and their spouses, is mandated by ... |
To give you an idea of what banks specifically focus on when reviewing a loan request, the Business Tools contains a sample business loan application ... |
