For some time I wrote the last "change" commercial loan "the lender's commercial small scale." These guys are re-writing the rules for commercial loans of less than 3 million U.S. dollars. Although this does not impact on your business right away if you do it with all the properties of the size that will ultimately impact because they do something:
A loan of declared income or single document
Commercial loans, excludingLoan private money was strictly a paper complete "to justify the proposal. This means that the borrower had a mountain of documents, including declarations of personal income tax, corporation tax and the financial statements are available, in addition to the documents relating to property such as leases, rent roll and income and expense history. Finally, the creditor may complete the loan based on cash flows of the company, secured, regardless of the income of the borrower,anyway!
These new donors are willing to consider the cash flow of the debtor, in fact, and make their decision based on the prices of the creditworthiness of the borrower, property cash flows and cash reserves of the debtor. This is unprecedented in commercial loans and lenders more power to compete with the traditional programs in the near future, or they lose their lending too much.
Another consideration is that theInvestors can buy these credits to increase the amount of debt in the future, if you have a good experience with small loans. Why not? The costs for both the acquisition and financing of a loan of $ 5 million, as well as a $ 500K one, but the yield is 10 times as much. This becomes even more pressure on traditional banks rely on a kind of competitive program to create or sell the same programs and same investors.
So, on my personal situation, thatThere will be major changes in the loan market if the trade balance Petit Lender a recipe for success. Are too new to have proven experience in a declining market and are confident that the traditional lenders you look closely.
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