Mortgages: look well beyond the interest rate
Article Abstract:
Business owners should consider a number of factors besides a decline in interest rates when evaluating financial institutions that are willing to grant them a mortgage or some other long-term loan. The other issues that they need to take into account include prepayment penalties, refinancing costs and fixed versus variable interest rates. Special mortgage terms and requirements should likewise be reviewed, including the assignability of the mortgage and the need for mortgage insurance.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1999
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Loan agreements: what to know, how to protect yourself
Article Abstract:
Business owners should be aware that the so-called standard loan agreement may be changed despite the usual lender's argument that it cannot be changed. Business owners should also be wary of negative convents in a loan agreement which restrict the way the business is to be run. They should also remember that the extent and number of covenants will be based on the business ownership, the characteristics of the lender, how much money is required and the company's financial situation.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1999
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9 ideas on how to deal with a banker or any lender
Article Abstract:
Business owners must keep in mind nine principles when trying to negotiate a loan with their banker or any lending organization. These include the basic principle that the bank is a lender and not an investor, the need to determine how much is required and how it will be repaid, knowing the specifics of the company's financial statements, being knowledgeable with regards to loans, and structuring capital requirements properly.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1999
User Contributions:
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