Tag Archives: a:
Commercial Finance- Hard Money (Page 1 of 3)
Commercial Finance- Hard Money explores the little known world of financing real estate and business accounts receivable with respect to situations that banks and other financial institutions typically avoid. The year 2008 will be known for difficult financial times for large institutions, businesses and individuals. Financing will be harder than ever to obtain.
The Merriam- Webster Online Dictionary defines hard as:
“1 a: not easily penetrated: not easily yielding to pressure b of cheese: not capable of being spread: very firm
2 a: of liquor (1): having a harsh or acid taste (2): strongly alcoholic b: characterized by the presence of salts (as of calcium or magnesium) that prevents lathering with soap
3 a: of or relating to radiation of relatively high penetrating power: having high energy b: having or producing relatively great photographic contrast
4 a: metallic as distinct from paper b: of currency: convertible into gold: stable in value c: usable as currency d: of currency: readily acceptable in international trade e: being high and firm
5 a: firmly and closely twisted b: having a smooth close napless finish
6 a: physically fit b: resistant to stress or disease c: free of weakness or defects
7 a (1): firm definite (2): not speculative or conjectural: factual (3): important or informative rather than sensational or entertaining b: close searching c: free from sentimentality or illusion: realistic d: lacking in responsiveness: obdurate unfeeling
8 a (1): difficult to bear or endure (2): oppressive inequitable b (1): lacking consideration, compassion, or gentleness : callous (2): incorrigible tough c (1): harsh, severe, or offensive in tendency or effect (2): resentful (3): strict unrelenting d: inclement e (1): intense in force, manner, or degree (2): demanding the exertion of energy : calling for stamina and endurance (3): performing or carrying on with great energy, intensity, or persistence f: most unyielding or thoroughgoing 9 a: characterized by sharp or harsh outline, rigid execution, and stiff drawing b: sharply defined: stark c: lacking in shading, delicacy, or resonance d: sounding as in arcing and geese respectively used of c and g e: suggestive of toughness or insensitivity
10 a (1): difficult to accomplish or resolve: troublesome (2): difficult to comprehend or explain b: having difficulty in doing something c: difficult to magnetize or demagnetize
11: being at once addictive and gravely detrimental to health
12: resistant to biodegradation
13: being, schooled in, or using the methods of the natural sciences and especially of the physical sciences
14: of money: contributed (as by individuals or political action committees) directly to a particular candidate or campaign
Synonyms: hard difficult arduous mean demanding great exertion or effort. Hard implies the opposite of all that is easy . Difficult implies the presence of obstacles to be surmounted or puzzles to be resolved and suggests the need of skill, patience, or courage . Arduous stresses the need of laborious and persevering exertion .”
Common Questions about Payday Loans
Payday loans are a beneficial means in which to get quick cash when your paycheck cant come soon enough.
Most of us have been in a situation where our weekly paycheck didnt last as long as expected. Payday loans are a great way to get extra cash to make ends meet between paychecks. They are, however, often misunderstood.
The following is a list of questions commonly asked regarding payday loans:
Q: What is a payday loan?
A: A payday loan is a short-term loan that is taken out against a future paycheck. In other words, your ability to repay the loan is based on your next paycheck.
A payday loan, which is usually a small loan (less than $1,000), is generally used to cover short-term expenses until the borrowers next payday.
Q: What is the general time period for a payday loan?
A: Most payday loans must be paid within 14 days of the loan, sometimes less, depending on the amount of the payday loan and the company through which you obtain the loan. Payday loan interest is usually calculated every day; therefore, it is in the borrowers best interest to repay the loan as soon as possible.
Q: What are the requirements for a payday loan?
A: Although requirements vary between payday loan companies, most companies require that the borrow be at least 18 years old, have a checking account in good standing, be employed full time, and earn a minimum amount of money each month.
Q: How long does it take to apply for a payday loan?
A: Thanks to the conveniences of the Internet, most payday loan applications can be filled out and sent online in a matter of minutes. Income verification, residency verification and checking account verification can also be completed quickly, thereby enabling loan payments to quickly be issued.
Q: How quickly does it take to get my money from a payday loan?
A: Many payday loan companies can deposit your payday loan money in a matter of hours. Most payday loan companies, however, are typically able to process a payday loan in about one business day. Money from payday loans are received almost immediately after the loan is issued, as most payday lenders use direct deposit into the borrowers active checking or savings account.
Q: Do I need to have good credit to receive a payday loan?
A: Payday loans are generally popular because they enable consumers to receive a short-term loan, regardless of their credit history. Payday loans often come into play when consumers are not able or simply do not want to use credit cards or other types of personal loans.
Q: Why are the fees so high for payday loans?
A: Payday loans have often been portrayed as irresponsible loans. However, when given the cost of bounced check fees, overdraft fees and credit card interest, the fees for payday loans are actually quite reasonable. It is important, however, to always research the payday loan company and their related fees before applying for a payday loan.