Archive for Small Loans

Small loans (under $1000) for purchase of items in my business. Possible?

Question by VMI: Small loans (under 00) for purchase of items in my business. Possible?
I have an online business and I want to offer a buyer the possibility of applying for a small loan (under $ 1000) so that he/she can purchase the item from my store.
I do not want to deal with the loan process.
Is this possible? What companies offer these types of loans?
I’m in Puerto Rico.

Thanks.

Best answer:

Answer by Spock (rhp)
you are far, far better off accepting credit cards than dealing with loan companies.

first, the loan company would have only the same rights to collect, and would be subject to the same defenses, as you would have.

Plus, they’d have to check the credit of each borrower separately — which is expensive. the credit costs for loans of the size you describe are so high that there are very few lenders in the business at all — and almost none of them will do business through the internet because of the fraud factor.

thus, you’re likely to find that there are no such lenders at any interest rate, or at any interest rate your clients can afford.

see your regular business bank about accepting credit cards.

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Video: 111th Congress Most Productive in Decades

Video: 111th Congress Most Productive in Decades
Congress’ approval rating is a dismal 17 percent, but there can be no denying that the 111th congress ended up being the most productive since the 1960′s from the passage of a $ 787 billion stimulus bill to the repeal of the Don’t Ask Don’t Tell policy. Nancy Cordes reports.
Read more on CBS News

Video: 111th Congress Most Productive in Decades
Congress’ approval rating is a dismal 17 percent, but there can be no denying that the 111th congress ended up being the most productive since the 1960′s from the passage of a $ 787 billion stimulus bill to the repeal of the Don’t Ask Don’t Tell policy. Nancy Cordes reports.
Read more on CBS News

Video: 111th Congress Most Productive in Decades

Video: 111th Congress Most Productive in Decades
Congress’ approval rating is a dismal 17 percent, but there can be no denying that the 111th congress ended up being the most productive since the 1960′s from the passage of a $ 787 billion stimulus bill to the repeal of the Don’t Ask Don’t Tell policy. Nancy Cordes reports.
Read more on CBS News

Video: 111th Congress Most Productive in Decades
Congress’ approval rating is a dismal 17 percent, but there can be no denying that the 111th congress ended up being the most productive since the 1960′s from the passage of a $ 787 billion stimulus bill to the repeal of the Don’t Ask Don’t Tell policy. Nancy Cordes reports.
Read more on CBS News

Q&A: How do I take out some loans just a small bit of money and I will pay back it back during the summer?

Question by chicklet: How do I take out some loans just a small bit of money and I will pay back it back during the summer?
I need some money quick to pay for my credit card of $ 600. I am currently a full-time student. I am already taking a loan with the state for school, I recently used $ 1000 to pay for some tutition for the summer. I just want to take out a loan of $ 1500 and I will work during the summer to pay it back immediately since I don’t want to have to be in debt so much!

Best answer:

Answer by Addventure Capital
This would be a great fit for a new person to person lending network. You can get up to $ 25,000 per loan, and can list postings for a number of loans. Join a group like the one below for a better chance of getting funded and for some tips along the way.

Make Sure Your Loan Gets Funded
There are lots of factors that impact the likelihood of your loan getting funded. Through a careful analysis thousands of loans, we found a handful of factors jump to the top of the list. By far the most important factor in whether a loan gets funded is a group leader endorsement. The group leader endorsement was about twice as powerful as any other factor we reviewed.

https://www.prosper.com/groups/group_home.aspx?group_short_name=AddventureCapital

Know better? Leave your own answer in the comments!

Besides a cash advance are there any other small loans for people with horrible credit?

Question by brewers06: Besides a cash advance are there any other small loans for people with horrible credit?

Best answer:

Answer by jacksaw
ya pay day advance, same day approval faxless

What do you think? Answer below!

i need to get a small loan does anyone know any payday loan companys that give you loans?

Question by Ashley Gregory: i need to get a small loan does anyone know any payday loan companys that give you loans?
with just a debit card and no faxing off idea, and no credit check. many thanks

Best answer:

Answer by Jimmy B
Do not get a payday loan! It will cost you almost 2 times as much to pay them back.

Know better? Leave your own answer in the comments!

Home rates fair – ANZ chair

Home rates fair – ANZ chair
MORTGAGES are “fairly priced” despite the slew of out-of-cycle rate rises by the big lenders, says ANZ’s John Morschel.
Read more on Herald Sun

Wrong Business Growth Finance
-Accountants think SME’s are wrong on finance choice-
Read more on Marketwire

Appeals court rules against ratepayers group
The State Court of Appeals has ruled in favor of the city regarding a Bainbridge Ratepayers Alliance’s lawsuit that questioned the validity of bonds raised for the Waste Water Treatment Plant’s upgrade.
Read more on Bainbridge Island Review

100′s of places advertise Small Business Grants/Loans. Are any of these worth the application or money?

Question by lloyds_discount: 100′s of places advertise Small Business Grants/Loans. Are any of these worth the application or money?
I own a small business. It is an ebay drop center. My start up costs were brutal and I am having a hard time paying these costs and putting every cent profit back into the business. Our business is booming. We actually have alot more that expected with business doubling each week. Problem is I am a single mother of 5. I am in my late 20′s with Not so good credit. I haven’t been able to take home any profits yet. Christmas time is a booming time for ebay and I am finding myself with the decision of closing. I receive $ 400.00 a month child support if it comes, and it’s getting pretty hard to raise five children on this income alone. I was thinking if I got a business loan I would be able to catch up and expand in the future. Maybe hire some employees so I can spend time at home again. I looked into grants. Not that I want free money, but for a little help. Cheapest place to help me wanted almost $ 500. Any ideas from anyone??

Best answer:

Answer by Tom S
They’re all scams, you can apply for an SBA (small business administration) loan at any bank. You need to have all your ducks in a row. Most importantly, the SBA wants to see a business plan. Go to your bank, they can fill you in on all the requirements. As a single mother, you’re at an advantage as you, and of course illegal aliens are looked favaorably upon by government lending.

Add your own answer in the comments!

Mercantile Capital Corporation Sees Jump in Lending Volume in August, to Finance I-Drive Hotel, Suburban Atlanta Dental Office Among Others


Altamonte Springs, FL (PRWEB) September 11, 2009

Mercantile Capital Corporation, which ranks as one of the nation’s leading provider of U.S. Small Business Administration (SBA) 504 loans saw a big jump in commercial loan volume in August.

Christopher G. Hurn, president of Mercantile Capital Corp., said the firm closed on loans worth more than $ 12 million in August, up more than 212 percent over the same period last year.

Hurn said August loans included $ 4.5 million to acquire and renovate Best Western’s Sun Vista Hotel on International drive in Orlando and $ 1.1 million to acquire and renovate a dental office in Atlanta.

“We anticipate we will close on loans that total more than $ 90 million in 2009,” Hurn said.

SBA 504 loans offer 90 percent loan-to-cost financing at below-market rates for qualified small business owners who want to acquire or develop their own facilities.

For more information, contact

Chris Hurn, CEO, Mercantile Capital Corporation, 407-786-5040

Geof Longstaff, Chairman, Mercantile Capital Corporation, 407-786-5040

Larry Vershel, Larry Vershel Communications 407-644-4142

Visit us at: www.504experts.com or comment on our blog: www.504blog.com

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