Miva Loan

Discover the “Forgotten” SBA Program Worthy of another Look

Much has been written on these pages in the past two years about a little understood and even less used commercial real estate loan program called the 504. As our lending firm was the first and is still the only nationwide commercial lender to exclusively focus on only this loan product, I’d like to succinctly put to rest some of the more common misconceptions about this terrific loan product. Rather than waste anymore ink, let’s get right to issue at hand . . .

Who Uses It?

The 504 loan is for commercial property owner-users. It is not an investment real estate loan product per se. Borrowers of 504 loans must occupy at least a simple majority (or no less than 51%) of the Continue Reading

Are bank loans obsolete? Nowadays it is common for people to take out a loan online, but you can still do it the good old-fashioned way and do it through a bank like Bank of America, Washington Mutual or Chase. These banks are big and have branches in most major urban areas, so they are safe. You are not in danger of getting ripped off by one of them. They have a professional reputation and will not give your information to others.

Keep one thing in mind though; just because they are big banks, does not guarantee that they have the best interest rates and loan terms. The best way to go about getting a loan from one of these banks is to get your finances together so you know what your needs are, and shop around until you find the loan that is right for you. But, what should you Continue Reading

One of the main reasons that hold back many people in need of money to get a payday loan is the credit rating. Such people feel that they no longer have access to any loan company or scheme just because they have bad or poor or no credit and are denied a bank loan. Even if banks deny access to their loan schemes because of credit rating, there are still loan schemes like payday loans available in the market, which can be obtained by anyone with no credit rating.

The lenders of the loan companies are very flexible when it comes to poor credit history holders who provide with no credit check payday loans to meet those emergency expenses. These payday loans are easy and swift to obtain in just a matter of hours, which suits the instant money requirements.

No credit check Continue Reading

Oh, sure! If you believe it, I have a bridge in Brooklyn I’ll sell you cheap. Of course, a realtor will tell you it is possible to get a home loan with “lousy” credit. The realtor is interested in just one thing … commission … and every sale, whether to a Donald Trump or to an underemployed fast food clerk represents income. Not that they’re bad guys. Real estate is always a risky business and today’s market is dropping like a stone. But if you need a home loan, you must brush aside all kinds of promises and ads from realtors and banks and look at your situation realistically.

First, why is your credit “lousy”? Did you do something illegal, serve time in jail, were unemployed for a long time or have a history of failing to pay Continue Reading

 

A payday loan is a form of cash advance in that you borrow cash and return it after your next payday. The loan term is generally between 14 and 21 days with the interest rate slightly higher than normal bank loans or credit cards. This is understandable since payday loans do not consider bad credit history and require no collateral as part of the loan qualifications. In addition to it, the process of getting a payday loan is very quick compared to any other conventional loans. In many cases, you do not even have to make a trip to visit a payday loan shop. With the convenience of Internet you can apply for the loan online from the comfort of your bedroom.

Payday Loan in 24 Hours – the approval process for getting the loan is very fast. Some payday loan Continue Reading