Business Loan Glossary Post Falls ID

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 Post Falls and want to get started.

Local Companies

Bank of America
(208) 773-4591
405 E Seltice Way
Post Falls, ID
Horizon Credit Union
(208) 777-2749
565 N Vest St
Post Falls, ID
Washington Trust Bank
(208) 773-7921
1601 E Seltice Way
Post Falls, ID
Cash Store the
(208) 773-2274
3134 E Mullan Ave Ste D
Post Falls, ID
A & H Espresso Title Loans
(208) 773-9616
3996 W Riverbend Ave
Post Falls, ID
Northwest Title Loans
(208) 773-4789
4005 W Riverbend Ave
Post Falls, ID
Bank of America
(208) 752-1103
733 E Mullan Ave
Post Falls, ID
Bank of America
(208) 773-4591
Seltice Way & Henry
Post Falls, ID
Idaho Stateline Title Loan
(208) 457-1433
3920 W 5th Ave
Post Falls, ID
Acceptance Capital Mortgage
(208) 777-9208
802 N Lincoln St
Post Falls, ID

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.

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