2GO Advisory Group’s Post

[New Blog Post] "Bank Loan Challenges: Strategies for Business Owners" By Glen Terry. Are you a business owner facing challenges when it comes to securing a bank loan? In our latest blog post, Glen Terry shares valuable tips and insights to help you navigate the loan application process and increase your chances of success. Learn valuable tips and insights to help you navigate the loan application process successfully #bankloans #financialadvice #businessgrowth #financialstrategy #advisoryservices

Hi Successful Business Owners:                                                           TODAY @ 12PM ON “Bank Loans-What Lenders Are Looking For", by Command Performance,  Miguel Juárez, President and Executive Director of the San Fernando Valley Small Business Development Corporation dba Golden State CDC will be the speaker. Miguel with 20+ years SBA Financial background, brings a thorough understanding of financial analysis, risk management, and SBA standard operating procedures. For those of you who are considering purchasing an owner-occupied building, join us to learn what a 504 Loan is all about.  Let’s ask him what IS the difference between a CDC and CDFI lender. Miguel Juarez can answer the following questions for you. 1- How you can qualify for an SBA loan to buy or refinance a business property under an SBA 504 loan program with as little as 10% down payment. 2- What documents you need to prepare to apply for any loan 3- What recommendations you have for business owners applying for micro loans under $50K      4- What startups should pay attention to in the first 3 years of operation 5- How income tax returns are reviewed by lenders to analyze your business’ ability to repay the loan. Use the zoom link below to access the Webinar. INVITE A FRIEND!      https://lnkd.in/get6P3at                    Hoping to see you there as there is always something to learn. _______________________________________________________________________________ Miguel holds a Credit Risk Certified professional designation awarded by the Risk Management Association (RMA). He is a graduate of Pacific Coast Banking School in Seattle, Washington and holds a Bachelor of Science degree in Business Administration from California State University at Northridge. ________________________________________________________________________________ Ric Saenz Manager / Educator / Consultant /Trainer / Dynamic Business & Loan Consulting “Creating Business & Loan Success One Step At A Time" [email protected] 818-388-6950

Struggling with securing a bank loan? You're not alone. We'll investigate the pros and cons of bank loans in this informative blog post to help you overcome the obstacles.  https://lnkd.in/gR5f2VqZ

🔍 Navigating business loans can be tricky, but we're here to help! Lendingpot is your guide to transparency and flexibility in the loan industry. Discover what makes a good lender and safeguard your business's financial health. 💼💡 Read here: https://bit.ly/3wNmZI2 #BusinessLoans #BusinessGrowth #Lendingpot

Comparing Online vs. Traditional Lenders for Personal Loans

This article is a good place to start learning about personal loans. #moneywise #finances

Discover the power of financial flexibility for your business with our latest blog post on the essentials of business signature loans! Uncover how these unsecured loans can benefit your business without the hassle of collateral. Learn about the crucial factors like creditworthiness, interest rates, and repayment options that can make or break your loan decision. Don't miss out on this opportunity to seize business prospects and manage unexpected costs more effectively. #businessloans #businesssignatureloans #signatureloans #financialflexibility

Practical advice on CMBS Special Servicer’s funding/advancing expenses (disclaimer – if you haven’t paid me for this, you likely shouldn’t rely on it) No, servicer's don’t have to fund expenses on defaulted loans. Well, at least they are not accountable to the Borrower for doing so. Shockingly enough, in many instances, they are not even required to do so under the trust documents, provided that they determine that not paying expenses will result in a greater recovery for the bondholders. A judge, depending on how well a Borrowers litigator might plead, may have an issue with the Servicer directing the Receiver not to pay past due or future operating expenses. But a Borrower who fights too hard for the payment of expenses is telegraphing eagerness and will end up losing exponentially more money in a deal than a decline in operations can cause to the asset (with few exceptions). Yes, working out CMBS loans can be infuriatingly counter-intuitive and a game of degrees. Practically, let’s explore two expense types: - Past due bills to vendors that can be replaced: Typically, the receiver will be instructed not to pay such amounts and the Borrower will be left with vendor headaches. - Vendors that cannot be replaced such as an electric bill or the like: These will almost always be paid, and the Lender will typically not risk having the lights turned off. (in rare instances, they don’t care) Happy to answer any questions. Stay tuned for the topic of lease approvals.

Making Personal Loans Work For You — Types, Considerations, And Best Practices

This article is a good place to start learning about personal loans. #moneywise #finances