Business Loan Glossary White Plains NY

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 White Plains and want to get started.

Local Companies

cashadvancepaydayloansusa
1-877-599-6500
223 Grace Church St. Suite 301 #123
Port Chester, N.Y. 10573, USA, VA
AMC Global Funding - Douglas Krakie
914-712-9750x103
481 Main St
New Rochelle, NY
AMC Global Funding - Douglas Krakie
914-712-9750x103
481 Main St
New Rochelle, NY
Countrywide Home Loans
(914) 682-2153
50 Main St
White Plains, NY
Bank of New York the
(914) 761-1471
138 Mamaroneck Ave # 140
White Plains, NY
Northern Home Funding
(914) 421-1363
373 Mamaroneck Ave
White Plains, NY
Key Bank Commercial Loans
(914) 681-7000
711 Westchester Ave Ste 4
White Plains, NY
Wall Street Equity Broker Inc
(914) 997-0081
222 Bloomingdale Rd
White Plains, NY
Key Bank-Branch
(914) 761-8500
188 E Post Rd
White Plains, NY
Beneficial Homeowner Service Corporation
(914) 948-5900
50 Main St
White Plains, NY

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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Featured Local Company

cashadvancepaydayloansusa

1-877-599-6500
223 Grace Church St. Suite 301 #123
Port Chester, N.Y. 10573, USA, VA
http://www.cashadvancepaydayloansusa.com/

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