On 12/11/18 Commercial Lending X (“CLX”) released its comprehensive list of lending programs available to its clients for the first time. Referring to it as their “Loan Policy”, this policy provides a detailed breakdown of the terms associated with a majority of the lending programs CLX works with. Although not all inclusive, this policy provides…
Author: Maura Cannon
5 Commercial Lending Basics
Commercial loans in their basic form are a lending agreement between a business and a financial institution or private lender to finance the growth or operation of their business. These loans can be for variety of reasons and come in many different forms to serve a businesses needs. Some of these reasons would include acquiring…
So you want to buy an investment property, now what?
Investment properties, lots of people have them, maybe you want one too? They sound like a great idea, but what do you really know about acquiring and owning an investment property? Investment properties can be a great source of additional income. You just have to know where to start. There are many options out there…
SBA 7A & 504 Loan Benefits
***Blog content updated by Brad Hettich on September 30, 2020*** We want to continue to promote how important SBA lending is at this juncture. The two main SBA loan programs, the SBA 504 and SBA 7A loan programs, put lenders in the position where most of the risk related to a transaction is taken off…
Equipment Financing - What is the best option for your business?
As a business owner, you may be acutely aware of how equipment can play a critical role in the operation and success of your company. Equipment can include anything from phone systems, computer monitors, printers and copiers to furniture, restaurant ovens, cookware, medical machinery, industrial equipment and more. So how does one purchase, replace, repair…
The Truth Behind Hard Money Loans
What comes to mind first when you hear the term “Hard Money?” Do you think of loan sharks, costly rates & fees, or troubled borrowers? Or do you see an opportunity to fix and flip a house quickly or purchase an investment property before someone else? There are a lot of different interpretations out there,…
Underwriting mistakes in the commercial lending industry to be mindful of and make you a better informed loan applicant
What happens when the time comes for your business to seek a loan? How does the loan underwriting process work and how do you give yourself or your business the best chance of being approved? Who is the underwriter and what role do they play in this process? What should you expect from your lender…