If you're lending to small businesses, you've likely heard about Section 1071. It's part of the Dodd-Frank Act, and after years of legal back-and-forth, the Consumer Financial Protection Bureau (CFPB) is moving forward with it, albeit with more pushback and rule revisions still underway. At its
Financing a seasonal business is a tricky endeavor. You'll need operating cash to handle payroll and supplies, and you may also need to invest in equipment. Read on to learn about the top financing methods to help fund your entrepreneurial enterprise. Short-term Loans A short-term loan has
If you're looking to expand an existing small business with new sources of funding in 2022, it helps to have some advance knowledge on what to expect regarding the current small business loan climate and where to begin with the loan application process. Whether your
Retail businesses tend to have low-profit margins, which means that having outside capital is critical to keeping your new company afloat this year. Fortunately, there are many sources of potential funding that might be available to your business.Friends and Family Members May Be Willing to
A business loan can open up so many opportunities for your company to grow. Obtaining the loan can be difficult, though, especially if your business is new. Here are five tips to help you secure a loan for your business as quickly and easily as
If you want to become a top producer in the lending business, you are likely wondering what steps you should take to reach your goal. As a mortgage broker or loan officer, you review a client's credit history and decide if you will grant a
As a loan officer, you’re no stranger to the challenges that come with telecommuting. If you’re struggling with this transition, you’re not alone. To streamline this process, industry leaders have provided expert advice on how remote loan officers can overcome these difficulties.Abide By A Schedule With
If you are a loan officer and want to get the most from your borrowers, help them understand the lending process and what it means to them. Go over different credit factors and how they affect your clients over the long run. Make sure you
Applying for a loan is undoubtedly a stressful process. With so many details and steps to account for, making mistakes seems almost inevitable. Fortunately, with your guidance, expertise, and the following advice, you can provide peace of mind while improving the chances of your client’s
Due to the high costs of new construction, construction loans stand at the heart of the entire construction industry. Without builders having readily available access to financial resources, housing and commercial building projects would never see the light of day.As a lender, it's essential that