Business Loan Glossary Freehold NJ

The following contains a glossary with terms and information you should know about a business loan . Read on if you are interested in obtaining a business loan in Freehold and want to get started.

Local Companies

Citifinancial
(732) 431-3683
3585 US Highway 9
Freehold, NJ
Sun National Bank
(732) 845-3070
3535 US Highway 9
Freehold, NJ
Choice Mortgage Company
(732) 780-1222
10 E Main St
Freehold, NJ
Alliance Capital Llc
(732) 451-9005
Englishtown, NJ
Imperial Realty Inc
(732) 396-0004
Rahway, NJ
Citifinancial
(732) 557-5047
1350 Hooper Ave
Toms River, NJ
Acceptance Mortgage
(973) 579-2220
45 Trinity St
Newton, NJ
N J Business Finance Corp
(201) 346-0300
2050 Center Ave
Fort Lee, NJ
Hudson City
(201) 652-0250
897 Prospect St
Glen Rock, NJ
American General Financial Services
(609) 530-0007
2534 US Highway 1
Trenton, NJ

The following information was sourced from businesstown.com.

Accounts Receivable Financing - A loan gained by borrowing against receivables. Loans are paid down as receivables are collected.

Annual Fee - The amount charged by the lender each year to cover the administrative costs of the loan.

Business Credit Card - An amount of money, which a business can borrow against at times it needs capital. Using a card accesses the money.

Commercial Real Estate Loans - Similar to residential mortgages, but collateral is business property. Interest rates are usually fixed, the length of the loan can range from 5 - 20 years and payments due monthly.

Commercial Term Loans - Loans made to businesses that can be either secured and unsecured. Usually made to mid-size and large businesses.

Credit Rating - A predictor of the ability to pay back a loan. The credit rating is a result of credit scoring.

Credit Report - Financial history supplied by a credit information company like Dun and Bradstreet, Equifax, Experian or TransUnion. Contains credit information on a business or an individual, including payment history of bank cards, store cards, mortgages, student loans, and trade payments.

Credit Scoring - The evaluation system used by lending institutions to determine relative credit riskiness of a business or consumer. When evaluating businesses, it generally considers factors such as credit payment history, new credit sought by owner of business, and financial strength and longevity of business.

CreditFYI - A web site for checking business credit reports.

Debt Financing - A loan with pre-agreed terms, including payback schedule and interest.

Dun & Bradstreet - Leading provider of business credit information.

Equifax - One of three leading providers of personal credit information.

Equipment Leases - Leases allowing companies to purchase new equipment.

Experian - One of three leading providers of personal and business credit information.

Fixed Interest Rate - An interest rate that is the same throughout the life of a loan.

Interest Rate - The amount charged by a lender for the money borrowed. It can be fixed or variable.

Inventory Financing - Money borrowed on the basis of finished inventory. The loan is paid as inventory is sold.

Line of Credit - An amount of money, which a business can borrow against at times it needs capital. Often accessed by check, ATM, or business card.

LiveCapital.com - A web site for small business loan offers from a variety of lenders instantly.

Lo

Featured Local Company

Universal Business Funding

7184365300
1367 58th st
Brooklyn, NY
www.universalbusinessfunding.com


Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History