Finding the educational loans you need now
1 / 4

How to Use a Car Loan Calculator Properly - PowerPoint PPT Presentation

  • Uploaded on

Private student loans are mainly used to cover up additional cost other than the educational costs. The money that is lent for a private student loan solely depends on the lending agency.

I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
Download Presentation

PowerPoint Slideshow about 'How to Use a Car Loan Calculator Properly ' - julieaddis

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Finding the educational loans you need now

Loan against property is an all purpose loan. A loan can be taken for any purpose in the time of financial emergency. There is personal loan but it is tagged with a high interest rate along with short loan repayment tenure.

Finding the Educational Loans You Need Now

  • The Small Business Administration (SBA) was founded on July 30, 1953. The main purpose of this organization is to aid, counsel, assist, and protect, insofar as is possible, the interests of small business concerns. Since its inception, the SBA has delivered approximately 20 million loans, helping nearly 20 million small businesses obtain financing that they could not have received anywhere else.Businesses who do not qualify for conventional financing, or need a higher loan-to-value than traditional lenders will offer, turn to the SBA for financing. The SBA guarantees these loans which are originated by thousands of various banks, lenders, and other lending institutions.This is the most common loan the SBA offers. It can be used to for loan with or without real estate as collateral including business, equipment, and real estate purchases.

  • This particular loans has a maximum loan amount of $2 million and offers loan terms of up to 25 years on real estate transactions. Loans for working capital, business purchases, debt refinancing, etc... the loan terms are 10 years.These loans are typically the easiest to qualify for and you can even use projections for start-up businesses or new companies who do not have a 3 year financial history. Recently the SBA has guaranteed these loans up to 90% which has spurred many lenders eagerness to originate these loans. This is typically a variable rate loan, but there are lenders out there who will offer this loan with fixed rates.This loan is typically used for companies looking for long-term financing and usually for the purchase of real estate or physical buildings.

  • Loan amounts for this loan type are increased to a $5 million maximum, but there are discussions of raising this amount. zippy loan If companies are willing to "Go Green" and make some changes to their building that save energy, etc... the SBA already offers larger loan amounts as a benefit in hopes that more companies will be eager to make these energy conservation changes.The SBA 504 loan has 2 parts. The commercial lender will provide a 1st Trust Deed on the loan with a loan-to-value (LTV) that does not exceed 50%. The Certified Development Company (CDC), a non-profit corporation that facilitates economic development in a specific geographical area, provide a 2nd Trust Deed not to exceed 40% of the purchase price. The borrower is expected to have at least 10% for a down payment. This amount may increase depending on the property type, location, cash flow, borrower strength, etc...