How to Apply for an SBA Loan
6 February 2006In order to be eligible for an SBA Loan, you must apply and be turned down for a conventional loan by a commercial lender. By law, the SBA may not guarantee a loan if a business can obtain funds on re …
Fannie Mae Has A Little Good News For A Change
6 February 2006Finally Fannie Mae has some good news to announce - a gift from NYSE, a portfolio increase, and Greenspan off of its back.
When we last looked at Fannie Mae it seemed mired in a swamp of its own making
- in danger of being delisted from the New York Stock Exchange
and with congress, Alan Greenspan, and its regulator, the Office of Federal
Housing Enterprise Oversight (OFHEO) all threatening corrective, maybe even
punitive regulations to reign in Fannie’s activities.
All of these arose in part or whole from the discovery in late 2004 that Fannie
had been using some ques… Read More Now
Finding an SBA Office and SBA Lenders Near You
4 February 2006It is relatively easy to locate your local SBA office. The SBA has at least one district office in every state. A list of these offices can be found at
SBA Section 7(a) Loan Guaranty Programs for Special Needs
3 February 2006The SBA offers programs for special needs under its 7(a) Loan Guaranty Program. In most cases, the guidelines for the Basic Program governs these programs, including the rules, regulations, inter …
The SBA Web Site
2 February 2006The SBA Web Site (www.sba.gov) is an important resource for small businesses. Here is some basic information about how to navigate it.
The Home Page directs you to …
Building Green Starts With The Land
2 February 2006Prior planning can prevent a lot of damage done to the land by construction. But first, somebody has to care.
We talked earlier
about the three ways that the land is negatively impacted at the very beginning
of the building process; existing landscaping is removed, habitat is damaged
or destroyed, and softscape or permeable ground cover is replaced with hardscape
or non-permeable material.
Whether or not this happens is controlled at three different points in the
building pro… Read More Now
Key Business Loan Issues
1 February 2006When you start a business, you generally have two ways to raise capital: loans and equity contributions. There are some obvious disadvantages to loans. They require you, for example, to pay back the l …
Mortgage Rates Resume Upward Climb After Long Holiday Vacation
1 February 2006Weekly Mortgage Survey - Week Ending January 27, 2006
After six straight weeks in decline, mortgage rates spun on
their heels last week and headed back up.
Freddie Mac’s Weekly Primary Mortgage Market Survey recorded increases in
three of the four home financing products it tracks with the fourth, the 5/1 ARM
remaining unchanged.
The 30 year fixed rate mortgage increased to 6.12 percent from 6.10 percent the
previous week and the 15-year fixed was up to 5.70 percent from 5.67 percent.
Fees and points … Read More Now
NAR Releases Monthly and Annual 2005 Existing Home Sale Numbers
1 February 2006Home sales are obviously beginning to slow, but records were still set during 2005 in both volume and value .
The National Association of Realtors (NAR) has issued its report for both December
existing home sales and for the entire last year.
Total sales for the year, including single-family houses, townhouses, condos,
and co-ops totaled 7,072,000 units. This was 4.2 percent higher
than the 6,784,000 recorded in 2004 and represented the fifth year in a row
that existing home sales set a record. NAR has been keeping these sales records
sinc… Read More Now
When Can You Apply for an SBA Loan?
31 January 2006This answer was adapted from material on the U.S. Small Business Administration Web site. Before you can become eligible for an SBA loan, you have to apply (and be turned down) for a conventional loa …
