Texas Commercial Loans

Business Insurance What you need to know Business insurance for small to medium businesses can be like a minefield but you must know you have the right coverage to ensure all areas of the business are protected sufficiently. The insurance of these size businesses are commonly referred to as a Business Owners Policy or BOP. Business insurance policies are required of all businesses regardless of the industry as the policies differ in line with the industry type. These policies include commercial property policies, liability policies, vehicles or car insurance as well as products, services and events insurance. Well worth the cost is necessary for complete insurance when a business decides to have it. Alternatively, a company not ensured is much more susceptible to risks and paying high cost of damages. With any kind of alteration running a business finances and services, or the dimensions of your house, the audit of your insurance policy must be ensured for full insurance coverage...

Hard money loans for real estate investors. Hard money loans for real estate investors provide more alternative forms of financing that are very advantageous in more than one way. In fact, hard money loans are a great go-to source for capital investments because these present a convenient acquisition strategy. So, let’s take a look at what hard money loans are and why these are often used by savvy real estate investors. Hard Money Loans Explained We’ll begin by explaining what hard money loans are and how they work. Compared to traditional bank financing, these are quite different. These are private debt instruments, funded by a group of investors. Put another way, a group of diverse investors pool their money together and loan it out. In return, they earn a profit while giving loan recipients some big benefits. Because of the source, this means there’s far less red tape to wade through and that’s a good thing for borrowers. Hard Money Loans for Real Estat...

Types of Commercial Loans There are actually several commercial loan types. Some are immediately recognizable, while others are more niche. When a business needs additional capital, it might seek a debt instrument. Of course, there are a few differences in how these are structured. Terms might well be long or short. While interest rates vary. Collateral may or may not be required. Read on to learn about the most common types of commercial loans.   Types of Commercial Loans Commercial loans do not substantially differ from consumer or private loans. Sure, there are some departures, but most are similar. Although, the biggest contrasts are usually related to term, collateral, guarantee, and interest. What’s more, not all banks or credit unions make commercial loans available. However, it’s worthwhile to check with regional operators and smaller, local institutions which might offer better arrangements. Here are the most common commercial loan types found, with variati...

About SBA Construction Loans SBA construction loans are a way for small company owners to invest in their enterprises in strategic manners. Everyone knows small business is the primary driver of the U.S. economy, comprising the largest percentage of private employers. To help them grow and benefit their communities, SBA construction loans are often a viable and smart alternative to traditional lending institutions. So, what are SBA construction loans and how do they work? About SBA Construction Loans Per Bruce Myles, owner and founder of Proactive Commercial Lending Group, LLC,"a Texas Commercial Lender," As you probably guess, SBA construction loans are Small Business Administration construction loans (though the SBA itself doesn’t actually loan money. Okay, that’s a bit confusing, but it really isn’t. Think of it this way, the SBA or Small Business Administration, is an entity which helps small companies establish a presence and grow. It does so by prov...

How to Appeal a Property Tax Assessment If you want to know how to appeal a property tax assessment, you’ve likely just received a letter. Or, you’re reviewing your property taxes online. It comes straight from the official source. So, there’s no doubting (or believing) it’s true. Just how did the assessor come up with this figure and what can you do to dispute it? Generally property taxes are calculated by multiplying the home’s assessed value by the local property tax rate. Now, that sounds both obvious and confusing, but if you work the numbers, you’ll begin to uncover the formula. How to Appeal a Property Tax Assessment If you’ve just received a letter from the local property appraiser or tax collector and believe that it’s incorrect, re-read the entire document carefully. Don’t scan it -- peruse it and be sure to check the back. More than likely, you have 30 days to challenge the assessment and the steps for doing so are probably included. However, if the procedur...

What You Need to Know about SBA Loans There are some things you should really know SBA loans. If you’re about to go into business for yourself or are looking to expand, you[‘ve probably heard about the Small Business Administration. It’s an institution which exists to help small companies establish a presence, grow, and thrive. But, it’s not actually what most people believe it is (though these facts should be well-known). Yes, the Small Business Administration does assist companies in many industries with different needs, but it does so in a way that’s not like most people realize. With this in-mind, let’s take a look at what you need to know about SBA loans. What You Need to Know about SBA Loans Okay, we’ll begin with the first thing you ought to know about the SBA -- did does NOT loan money. That’s right, although you might hear about SBA loans, the governmental entity itself just doesn’t loan money. Instead, it helps connects businesses to lenders who generally...

1031 Exchange Loan Rules 1031 Exchange loan rules unnecessary cause a lot of confusion. People who are unfamiliar with the process usually have misconceptions about what it is and what it isn’t. That’s a real shame, because this simple tax law is great for real estate property investors. If you’ve not heard of a 1031 exchange or have encountered the term, you probably have a few questions. So, let’s look at the basics of 1031 exchange rules. 1031 Exchange Loan Rules Okay, so a 1031 exchange gets its name from the United States tax code. Most of us are familiar with other provisions, like the 401(k) or 403(b) -- both of which relate to retirement investing. But, a 1031 exchange is all about real estate. And, it provides some great benefits to property owners. Also called a like-kind exchange, this procedure is used for its big time tax advantage and other benefits. However, there is often confusion about how it actually works. The purpose of a 1031 exchange is to “s...