Business Loan Glossary New Mexico

Here you will find business loan glossary terms.

Local & National Companies

AmeriValue
(866) 499-0922
Albuquerque, NM
Gallup Federal Savings Bank
(505) 722-5695
221 W Aztec Ave
Gallup, NM
Tucumcari Federal Savings & Loan Assn
(505) 461-0191
301 S 1st St
Tucumcari, NM
Washington Mutual
(713) 477-3651
1202 Southmore Ave
Pasadena, TX
World Savings
(408) 249-8021
805 Kiely Blvd
Santa Clara, CA
St Tammany Homestead Savings & Loan Association
(985) 892-4565
205 N Columbia St
Covington, LA
Washington Savings Bank
(201) 854-3000
6812 Park Ave Ste 1
West New York, NJ
Vidalia Federal Savings Bank
(912) 526-8800
142 S Victory Dr
Lyons, GA
Golf Savings Bank
(425) 603-5555
9395 Linden Ave N Ste 101
Seattle, WA
World Savings
(707) 546-8370
1201 Guerneville Rd
Santa Rosa, CA


Business Loan Glossary

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

AmeriValue

Call (866) 499-0922 to get a Business Cash Advance quote

(866) 499-0922
Albuquerque, NM
Business Cash Advance

Call (866) 499-0922 to get a Business Cash Advance quote

Rate Article
     
Articles Insider

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

Topics:
Advertising Educational Content Home Appliances Real Estate Resources
Business Services Entertainment Home Electronics Software
Career Family Home Services Technology
Cars Fashion Internet Telecommunications
Chamber of Commerce Financial Services Legal Trade Shows
Computer Hardware Franchise Miscellaneous Travel
Construction Health Nightlife Weddings
Education Holidays Online Database World History