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Tips When Taking a Commercial Bridge Loan

Bridge loans seem to be the perfect way to get money to purchase your new house before your existing house sells out. Before you go for the lucrative loan program, it is advisable that you should consider a few essential things that are associated with this type of loan.

Commercial bridge loan that is available and is defined as the short-term funds that offer financial assistance to the house owners. Whenever you wish to purchase a new house while selling the existing one you need to take this type of financial assistance. It is vital to remember that getting qualified for this type of short-term loan seems to be less complicated than mortgage fund. Plus, you should be able to highlight that you should have the capacity to cover monthly costs as well as the assets that need to be used as collateral. The stringent rule related to debt and income that is considered during loan application seems to be quite relaxed for the short term fund. Before you wish to qualify for this type of fund you need to consider different options. Here are a few important steps that you need to follow to get qualified for this commercial bridge loan.

The first step is to determine the total amount of money that you require to bridge the total gap between selling the current house as well as buying the new house. The total length of short term loan is effectively set up by the money lender.

Once you fix up the budget, you have to find out a banker or even a broker who can help you get commercial bridge loans. The fee will differ from one person to another, but you must focus on different points that they often charge as if it is the place where you have to pay your premium.

Appraisal of the asset is an important step that you need to follow as quickly as possible. To get qualified for a loan, it is vital that you should be able to show important assets as collateral. When you sell a house, and when you sign up the agreement, then you should contact buyer’s appraiser for the discounted copy of the appraisal.

You should be able to prove that you should be able to make payment on a monthly basis. This type of bridge loan is based on assets that are provided as collateral and by your capability to pay bridge loan along with other types of monthly expenses.

The next step is to consider different kinds of financing options that seem to be less costly for you. For example, if you wish to avail SBA loans in New York or any other place in the US, you can get it easily even with poor financial background. It is important that you should consider home loans as less expensive loans than bridge funds. You should plan ahead for your interest, and you should be able to save money like never before.

Before you apply for commercial bridge loan, you should try hard to reduce monthly expenses as much as possible. All you have to do is to check the necessary details about the eligibility criteria that you need to fulfill before you accept this type of fund.

What are holiday accident claims

Going on holiday is something which we all look forward to hopefully every year if we are lucky enough. When we go on holiday, it is very easy to let out hair down and to let our inhibitions go. We must be careful however that we don’t relax too much and leave ourselves open to accidents. However, we can be as careful as possible, and accidents can still befall us through other people’s negligence and no fault of out own.

Sometimes when we are abroad, we get lulled into a false sense of security and forget where our usual everyday barriers area. For example, we may try white water rafting or bungee jumping for the first time. We may never even have considered trying this in the past, and all sensibilities may have flown out of the window. This is a real danger zone as different countries may not have the same safety standards as we do here in the UK. If you are practicing any new or dangerous sports abroad, then do check out the qualifications of the staff there and see if they are a member of any professional bodies. This could be the difference between a fun time and a ruined holiday with potential lasting repercussions.

It is important if one has suffered abroad through someone else’s negligence that they make a claim and get the ball rolling within three years of the event itself. The first thing to do is to call the claims company and have a no obligation chat about a no win no fee claim. Don’t be too proud to make that call as you are entitled to compensation for your suffering, for your loss of earnings and for any cash you have outlaid along the way on your journey.

Don’t be put off with regards to claiming for holiday accident damages. It is likely that you will have lost a great deal of money due to the events which have befallen you and that you may need help to get back on your feet again. What is very good news is that using the services of a claims company under a no win no fee system is free and that if you win, you will get to keep 100% of the compensation with the fees for the proceedings coming from the other party. This is a wonderful system as everyone from the very rich to those on a modest income can benefit from it. When you call the claims company, you will be put through to a claims handler who will be able to tell you if you have a case and then a lawyer will be assigned to you.

So, no matter whatever walk of life you are from, and no matter what age you are, you could have a claim for holiday accident compensation. All calls are handled with complete confidentiality, and there is no obligation what so ever to pursue the case when you contact a holiday accident claims company or a personal injury solicitor.

Becoming Familiar With Asset Based Lending

An asset-based loan is a type of lending provided by the finance institutions to the enterprises, small or big against their collaterals like inventory, accounts receivable, etc. In other words, the lending companies will provide finance to the small businesses that lack sufficient cash flow for various operations. However, they have the assets, which they can offer as collateral against the loan amounts. For the lending companies, the asset is of more relevance than the cash flow status or the balance sheet figures. This type of finance is beneficial for small businesses to get timely finance for the growth of their businesses.

It is undeniable that asset based lending is more flexible in comparison to most of the other financing options. Therefore, the next time you need working capital for your business, you should think about this option with an open mind. In fact, if you do not have any fixed assets for collateral, you can easily make some easy and fast money with the help of this option. Likewise, if the inventory levels are already high, you can always treat your inventory as collateral. Last but not least, this option is likely to come in handy if your growth has been putting a strain on your resources.

Nevertheless, you have two different options as far as asset based lending is concerned. Firstly, you can use your invoices as collateral and get them factored to get some advance. It is worth mentioning that you may be able to get even 85% of the amount as an advance payment if you succeed in finding one of the best factoring companies. Secondly, your inventory can serve the purpose and help you in securing an asset based loan. However, the second option may not always work to your advantage especially if you have obsolete inventory or the work is still in progress.

Of course, there are several funding solutions which you can choose in order to alleviate your funding issues, just visit us. For example, you can think along the lines of applying for a loan or borrowing money from a lender. However, if you have stepped into the industry quite recently, your application may not get approved. In fact, your credit score may also play an important role in determining the fate of your application. In such a situation, you can either continue to wait for approval or play safe by getting your invoices factored before it is too late.

Invoice factoring is one of the highly popular funding solutions which can help you in increasing your cash flow sans the trouble. Firstly, you may not have to worry about your credit history at all especially if the factoring company has no interest in knowing your score. Secondly, if you apply for a loan, you can expect to get the payment before a couple of weeks. On the contrary, factoring may help you in achieving the desired results with one or two days. Last but not least, a bank is unlikely to grant a loan to a startup. However, even if you have just begun, you can always rely on factoring.

We Love Pets, do you?


If you don’t love pets, we are pretty damn sure that this video will make you a convert! Who can’t appreciate a cute and funny pet video.