SBA-Secured Loans

Yes sure Biz2credit is right choice for your business. You can avail cash according to your need via biz2credit.Its really a reliable loan provider.

We can't estimate for you how much you intend to start a project. Only you can find that out. See, many factors should be considered when embarking a project like this. If you intend to do it for high school kids the budget would totally be different from that of youth over the age of 18 and over. Factors to consider:

- If you are intending to lease a building or rent one

- Activities you want to have for the youth to engage in for instance a basket ball court, swimming pool, library, music room

- The number of materials/equipments that will be required to make the club a success

- The bills that will be incurred within the club for instance electricity, water

A secured loan is a loan that some monetary interest (money or property of value) attached to the loan to insure its repayment. If the loan is not repaid, the monetary interest becomes the property of the loaning party. A unsecured loan does not have a monetary interest attachment.

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Last 3 years Audited Reports.

Last 3 years ITR of Companies and all the Directors.

Last 12 months bank Statement of all the banks where company is maintaining its accounts.

Last 12 months bank Statement of all the Directors of all the accounts.

Latest Sanction Letter.

Property Documents which are to be mortgage.

Debtors aeging as per bank norms.

All the KYC documents.

MOA and AOA of the Company.

Shareholding Pattern on the Letterhead of the Company as on Date.

Names and Address of the Directors of the Company as on Date.

Debtors, Creditors, Stocks list as on date.

Provisional Accounts, for unaudited period.

yes and if over 10 years ago then you don't even answer yes to having a felon.

Lien, Pledge, Hypothecation and Mortgage are the four main modes of creating security....

A secured loan is a loan in which there is physical collateral, meaning there is a physical item of worth that can be taken by the bank if the loan is not paid. Examples of this include a car loan or mortgage (house loan); the car or house are the collateral and therefore are the 'security' that the bank will not lose money on the loan.

An unsecured loan is a loan in which there is no physical collateral, meaning there is no item of worth the bank can take if the loan is not paid. Examples of this include credit card debt or a student loan; in these cases, if the loan isn't paid the bank has to use a collections agency to try to get the money back.

A felon is sadly a felon, BUT! when all your rights are restored, depending on the type of felony an individual has, can be the deciding point of whether one is eligible or not. If a drug related felony is the case, a Certificate of rehabilitation will help you out to get into court and have that put on your record, because those charges aren't eligible for reducement to misdemeanors, or to be expunged.

Yes, the U.S. Treasury Department can garnish your bank accounts if you fail to repay a small business loan, especially if the loan is backed by federal funds or guarantees. This process typically involves a legal procedure, such as obtaining a judgment against you. Additionally, if the loan is federal, they may use methods like tax refund offset or administrative wage garnishment. It's important to communicate with your lender to explore options before it reaches this stage.

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The SBA provides financial assistance in the form of loan guarantees, rather than direct loans, through specialized programs that help entrepreneurs attain the appropriate financial position to initiate their business

Yes, the debenture of Icore-e-services ltd is fully secured....subhendu, Alipurduar

Quid Corp is a shelf corporation that is legally registered under a man name David Brida, it really is owned by two business partners, Robert Fusco and Cody Christianson.

Quid Corp opened it's doors at 9089 S. Pecos Suite 3600 on 1/26/2010 as clark county records will show that is when they FIRST obtained their business license. There is NO previous business license history in the state of Nevada.

Quid Corp has not been in business for 10 years, they have only been in business since January 2010 when they got their consultant service business license.

Please google quid corp scam for more information and read some of the verifiable information on this company. If you have been a victim of fraud from this company, demand a refund and contact the authorities.

The best way for a small business to get a loan is to go to their current commercial bank (the bank holding the savings and checking accounts for the business) and discuss the needs with their agent/representative.

Because there are many types of loans, the representative helps clarify business requirements in order to get the correct type of loan for the business.

In general, a small business will need the following information in order to get a loan:

* Business plan with financials (income, balance sheet, cash flows) for next three (3) years

* Historical financials (income, balance sheet, cash flows) for recent three (3) years, if available

* Clear indication as to what the funds will be used for

* Collateral (if available and relevant)

* References (to help support the character of the borrowing company)

* Personal guarantee (sometimes)

own a news paper

free enterprise

Yes.

A secured credit card (where you have given the bank issuing the card a deposit in the amount of the credit line) is considered a loan for those with bad credit.

However, despite the fees that the lender charges you for the privilege of having a credit card, that loan is risk-free to the bank because (1) you may not go over your credit limit and (2) the deposit will cover that was not paid back through the normal statementing process.

As an aside, payday and auto title loans are not considered secured loans.

Yes, one may use a home equity loan for a down payment on a Small Business Association loan, however, prior to doing so one needs to be sure that the change in leverage does not impact the structure of the SBA deal.

For example, the SBA may have approved the business for a certain amount of money based on both the cash flow profile of the business and the ability of the principal to pay back the loan (through existing assets like home equity). If the home equity loan changes the relative amount of perceived protection that the proposed structure has, one may (1) lose the loan or (2) have to settle for less.

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It depends what kind of bankruptcy you are talking about. Most individuals file for chapter 7, so I'll assume you are talking about Ch 7. In the vast majority of those cases, the SBA loan is discharged along with all the other unsecured debt.

Many people confuse SBA loans with federally backed student loan debt, and they are not the same. SBA debt is treated just like any other debt in a bankruptcy. The unique feature about SBA debt is that they have a settlement process (known as the Offer In Compromise) that allows borrowers to settle their debt without resorting to bankruptcy.

- Distressed Loan Advisors

Yes, any loan AGAINST real property is considered a secure loan. In this case, the car is the security. For a home mortgage, the home is the security.

Unsecured loans are typically credit card loans and revolving lines of credit such as those you might get with Fingerhut or others who "self-finance" your purchases.

Loans to small businesses unable to secure financing on reasonable terms through normal lending channels. The program operates through private-sector lenders that provide loans, which are guaranteed by the Small Business Administration (SBA) -- the SBA has no funds for direct lending or grants.