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Stacy? asked:


After 8 long years in this relationship it finally ended after so many infidelity problems, unfortunatly the loan still stands. I got it for him to help him with his buisness and to help the family because my credit score was slightly better than his.

I moved a state away and have dealt with the worst custody battle ever the last year and with all the stuff I had to deal with I put this 100K loan on the backburner. Custody has been a priority all year. Now that most things have been resolved I have this loan that I don’t know what to do about. Its a revolving Suntrust equity loan and it was for 10 years and 2 years have passed since I had it done. I really want this taken care of it erks me so bad to see 150K in cars in his driveway and several buisnesses and commercial property and the house itself is in his name and I walked away with nothing but a loan in my name.

Please help

Commercial Loans to 65% of Value

Kyle asked:


i have a 2001 4dr tacoma in perfect condition and im trying to trade it in for a 2008 f150 lariat..the truck is listed as 27000..and ill get 11000 for trade in..the problem is that im a college student and im a commercial fisherman..which bank dont consider a “job” or something..so i cant get a loan..and i just had to do a collateral against my savings for a new motor for my boat so what should i do?. i need this truck so i can pull the boat because its to big for a v6..i make about 3k a month but i have too many other bills and school to pay in cash..any advice?

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atomicskier1 asked:


Objective:
I need a loan ($6,000) to buy camera equipment where I can continuously rent it out as a personal vendor to smaller budget films.

My situation:
Currently I am working in Los Angeles in production. What I know you need to have to get a loan (I think) are good credit and a steady job. I have terrific credit from years of good payments. What I need advice on is the steady job, because in production, that term is a bit skewed. I currently have signed on to a series of 4 commercials over the next few months, a feature film starting in September, a music video in the next few weeks, and hopefully a feature film starting in mid-July.

Is that sufficient as “steady work”? Would it help to get a part-time job at a coffee shop or something?

How would I go about getting this loan?

Thank you for the information.

Commercial Loans to 65% of Value

yumixpeach asked:


25. You are applying for a car loan from a local commercial bank. Which of the following would
be LEAST likely to lower the interest rate that bank offers you?

A) The number of borrowers seeking car loans is lower this year than previous year.
B) The expected inflation rate is expected to be low.
C) You have a lower degree of risk than most of other borrowers.
D) Your car loan will be for a longer period of time than regular car loan.

Commercial Loans to 65% of Value

A RAYMAN asked:


Heloc Emergency help about my properity ???
i have commercial properity , i have buy three years ago .
about $ 22000.00 this properity have no mortgage .
i have pay by cash . properity need a lot of work about $40000.00 yrly tax is $ 3000.00
bank of approved about $60000.00 HELOC LOAN ..
properity have a same value about $23000.00
if i leave the properity as is it . and spent $60000.00 heloc for other business development is ok or not for me if do renovation on my properity . i am no think so it will be sold very quick . even on this area rent is not high after a lot of investment rent may be 500.00 per month ..

what should i do ????
Help can i use money for FOR BUSINESS $60000.00 or leave the properity for bank ??

thanks for reply

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followingmybliss asked:


My sister and I own a commercial building–the business we ran inside went bust thanks to the lousy economy. The building has been up for sale for many months with NO bites. We’ve lowered and lowered it. No one is buying–small town.

My sis and I both work, but this is still financially hard on both of us to keep paying on this building. Mortgage lender has changed our loan to a balloon mortgage, interest only (which saves us several hundred dollars a month), but if I sign it, we have one year & then have to come up with the entire principal, and he said there is NO guarantee they will renew it.

There is NO way we can pay it off in a year. So all this makes me wonder if we should just call it quits, keep what little we have left in our savings, stop working so hard to keep up on the mortgage. Our houses are NOT the collateral–the building is.

Sure, I know we’ll lose both of our top credit standings, but…..this is the pits, and it looks like we could lose it anyway in a year if we sign the new mortgage…..

What else would we face if we stop paying? Is it possible that it’s worth it?? Any other comments for us to think about?
Ananamas, yes, I did like your questions, but wasn’t sure how to implement them. For example, how do I find the kind of businesses who don’t have to be physically present? How do I contact them? That seemed daunting. Also, I think the city council requires that buildings on our block be a retail for customer to walk into.

As far as leasing it, we had some bites, but they ALL wanted to pay FAR less than our mortgage!! Very frustrating. People are low-balling.

Networking with local banks and Chamber about new businesses coming in or expanding–not sure either is happening in this community. No, we’re not in a dead community at all. It’s just the “economy{ thing…..

I’m still very interesting in all your ideas. Just not sure how to make them work. This is maddening.

Commercial Loans to 65% of Value

Adam Hefner asked:


What does a student do if he has very little money to fund his education and yet wants to finish his education? Obviously, he applies for a student loan and on approval, he pays his fees and gets his education do. The scenario however is not so simple for students who have a bad credit history. Having a bad credit history due to expense mismanagement in his younger years may put him at the risk of no banks passing his student loan.

In such cases, private student loans with bad credit come to the rescue of the students. The objective of these loans is to provide financial assistance to the really needy students and to enable them complete their education.

Who provides these private loans?

Firstly, understand that not all financial institutions provide private student loans to students with bad credit history. Select private lenders offer this assistance to the students to enable them complete their education. Your job as a student would be to locate these private lenders who would lend you money. Typically, the amount funded by these private lenders would be to the tune of 40-50% of the total course amount.

Are these private loans enough for you to fund your education completely?

Bluntly put, the amount of these private loans normally is not enough to fund your course completely. This is because these loans are normally not sanctioned for the full course amount. That said, getting 40-50% of your course fees funded by ways of a loan is a welcome relief for you, especially when no institution is willing to give you a loan. So, if you do get a private loan from a lender, make sure you accept it with both hands.

What are the requirements?

You being a student of an institution is good enough for you to be qualifying for this loan. It does not matter if you have a good credit history or a bad one as this private loan is anyways extended to people with bad credit history. Be sure to have a co-borrower or a co-signer. Doing so will increase the chances of the approval of your loan application.

Private loan with bad credit is a concept that is greatly appreciated by students and parents alike. If you are a student, it is your moral responsibility to ensure that you start repaying the loan once your education is over. Remember, the private lenders are taking a risk by giving loans to a person with a bad credit rating. They have believed in you. In future, take all steps to ensure you do not quash their belief.



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john3000 asked:


to build business credit? I want to start a small trucking business but I need business credit to get a business loan to buy a commercial truck.

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Red River asked:


A. When deposits exceed the sum of vault cash and deposits at the Fed

B. Whenever creditworthy individuals or firms apply for loans

C. Whenever they have excess reserves

D. So long as the economy is expanding

E. When the reserve requirement is low

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Duka M asked:


I want to boy “stratus” franchise plan it’s commercial cleaning business I need 20-30$ for start I would barrow or would get some kind of personal loan but my credit score is 670 and I have no property no one want to give me money I would pay 15-18 % but……… maybe you know some banks or organizations, sagest me how to get out from this situation thanks so much SOS

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