The practical overview in this article will describe some useful small business loan resources which should be evaluated by business owners as part of a systematic process for obtaining working capital financing and commercial loans. To locate any site referred to in this article, commercial borrowers should either contact the author directly or use a leading internet search engine. All of the suggested business finance resources are free and available online.
Small business loans have always been more complicated than realized by most business owners. A prudent approach to working capital financing and commercial loans is becoming more difficult for most commercial borrowers. Recent commercial financing uncertainties involving commercial mortgages and SBA loans have added significantly to the complexity of the entire commercial lending process.
By searching for “commercial mortgages and commercial loans guide”, the first suggested resource will be identified. This site includes candid advice about avoiding problems with commercial real estate loans and small business loans. Also included are some especially relevant articles. A special report describing what a business borrower can do when a bank refuses commercial mortgage requests is one prime example.
A second resource can be located by searching online for “working capital financing special reports” or “commercial loans special reports”. This will provide links to a wide variety of recent articles addressing relevant issues such as difficulties which are likely in refinancing SBA loans. Commercial borrowers should especially benefit from reading about recent adverse developments involving business cash advances and business finance programs.
A third key commercial funding resource can be reached by searching for “business cash advance and working capital guide”. This site primarily discusses topics related to working capital financing. Of special note at this site is a small business cash management executive summary. This summary report includes a list of ten problems to avoid with credit card factoring.
A fourth resource of general interest to small business owners will be found by searching for “working capital help” or “working capital journal”. This includes a discussion of predatory lenders which should be avoided. Also provided is a comprehensive update about the many evolving changes for business finance programs.
A fifth resource which should be helpful to anyone that currently owns or is about to buy commercial property can be found by looking for “real estate investment property loan and business finance guide”. This site will provide a useful perspective about some critical problems to avoid with SBA loans and conventional commercial mortgages. For example, a report at the site discusses how to avoid malpractice with commercial loans.
We recommend inclusion of terms such as “avoiding problems” along with other descriptions like “working capital” and “commercial mortgage loans” to obtain more helpful comments about small business loan reports available through internet sources. For example, by searching for “avoiding problems with working capital loans”, commercial borrowers should obtain useful insights about difficulties to be avoided in their own business financing efforts.
Some precautions in this approach to business finance research are appropriate. Highlighted below are two of the more important aspects.
First, because of the complicated nature of small business loan underwriting, there is really no substitute for individualized discussions between a commercial borrower and a knowledgeable business finance advisor. Before finalizing their commercial loan decisions, prudent business owners should insist on personalized and detailed discussions with a working capital expert.
Second, most business finance strategies are highly likely to be more complex than expected by commercial borrowers. There will normally be specific issues requiring more detail than can be found in a generic article, even though written sources can identify important commercial loan difficulties for business owners to anticipate.
It is likely that business owners will gain helpful insights about the changes currently featured in the business finance news by devoting some time to reviewing sites through the search phrases noted above. Although it is true that there are new and substantial small business loan problems to be confronted by commercial borrowers, in most cases these will be difficulties that can be successfully overcome with prudent advance preparation.