FREE Virtual Business Card

Hey everybody, Just wanted to share information about an important new business tool: FREE Virtual Business Card!

Although this doesn't relate directly to commercial lending, we also like to pass along info that will be helpful to our business clients and affiliates in ANY way. And with mobile to mobile marketing and social media marketing becoming something that almost EVERY business needs to keep up with - I think this next item should be of interest to EVERYONE.

One of our clients that offers mobile websites for Realtors and text marketing services for businesses is offering a really neat promotion. For a limited time (how long I don't know) they are giving away 100% FREE Virtual Business Cards! Any type of business (or individual) qualifies.

 

Having your own "Virtual Business Card" is pretty darn cool. All you do is share your "Keyword" with anyone you meet (my keyword is "loans"), and when they text that keyword to 55255, they will instantly receive a message with all of your contact information. (Try mine if you'd like to see how it works). Talk about slick!

Commercial Loans, Business Financing Update

And the best part is there's no cost and no credit card required. And this is not a 30 day trial. It's a permanent virtual business card for FREE. Now you probably WILL receive a few promotional emails offering discounts on "other" paid services (as I have since I set mine up) but no additional purchase of any kind is required for your free virtual business card.

Setting up your free Virtual Business Card is ultra simple. Just text the word FREE, followed by a space, then the promo code L600412 to short code 55255. Within seconds you'll receive confirmation and instructions for picking your own unique keyword and setting up your free virtual business card. I'm sure the keywords are on a first come, first served basis so I'd check this out quickly before all the good ones are gone.

Again, simply text the word FREE, followed by a space, then the promo code L600412 to short code 55255 and you're on your way.

The commercial real estate and financial markets are REALLY heating back up again.  I'd recommend you try and take advantage of EVERY method for getting YOUR contact information in front of potential new prospects. You never know where you're next big deal might come from.

Until next time...

  

SBA 504 Refinancing Program Update

SBA Launches Major Changes to 504 Debt Refinancing Program

Key Program Features:

• Up to 90% LTV on refinances
• Refinance existing debt
• Use excess equity to obtain working capital that can be used for financing of eligible business expenses
• Cash out potential
• Low fixed rates
• No balloons

Click here for more information about the SBA 504 Refinancing Program

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Contact Us

Commercial Lending Pros

Commercial Capital Limited

Florida Real Estate & Commercial Loans, Inc.

Tel: 863-299-2929

Fax: 863-877-4456

Email: loans@commerciallendingpros.com

Website: CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!" WE ARE SERIOUS ABOUT IT.

IMPORTANT Business Financing Update! Major Changes to SBA 504 Debt Refinancing Program

SBA Launches Major Changes to 504 Debt Refinancing Program
Key Program Features:

·         Up to 90% LTV on refinances

·         Refinance existing debt

·         Use excess equity to obtain working capital that can be used for financing of eligible business expenses.

·         Cash out potential

·         Low fixed rates

·         No balloons

SBA launched this temporary program on Feb. 17, 2011, and began accepting loan applications on February 28, 2011.  The program will end on September 27, 2012.
Beginning October 12, 2011 borrowers can finance up to 90 percent of the appraised value of available collateral, which could include fixed assets acceptable to SBA (for example:  commercial or residential real property).  This allows borrowers with more than 10 percent equity to be able to obtain additional proceeds to pay for eligible business expenses.
In April, SBA expanded the program parameters by allowing any business with a commercial mortgage that is two or more years old to refinance its debt, regardless of maturity.
The program is structured like SBA’s traditional 504 loan program: borrowers will work with third-party lending institutions and SBA-approved Certified Development Companies (CDCs), typically private, non-profit organizations to obtain financing, in a traditional 10%/50%/40% split.  However, the program no longer requires the Third Party Lender to be 50 percent of the Project.  The Third Party Lender amount must be equal to or greater than the SBA amount.  This allows the small business to maximize the amount of long-term, low interest, fixed rate financing available.
Click here for more information about the SBA 504 Refinancing Program

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Contact Us

Following is a summary of the refinancing program changes as published Oct. 12, 2011, in the Federal Register:

* Third Party Lender Loan – The third party lender loan is no longer required to be at least 50% of the appraised value of the 504-eligible fixed assets.  Now, as in the regular 504 loan program, the third party lender loan must be at least as much as the 504 loan.
* Financing Business Expenses – A borrower may now use its equity to finance eligible business expenses as part of the refinancing project provided that the amount of cash funds available to pay business expenses exceeds the amount to be paid to the lender of the qualified debt being refinanced. The borrower’s application must include a specific description of the business expenses to be financed and an itemization of the amount of each expense. 
"Eligible business expenses" is defined as expenses of the borrower, such as salaries, rent, utilities, inventory, or other obligation of the business that were incurred, but not paid prior to date of the 504 loan application or that become due for payment within 18 months after the date of the application. 
Both the CDC and borrower will be required to certify in the application that the funds will be used to cover the eligible business expenses of the borrower.  The borrower must, upon request, substantiate the use of funds to finance the business expenses (for example, through bank statements, invoices marked "paid," cleared checks, etc.).
* Qualified Debt – Because the qualified debt to be refinanced may have been refinanced one or more times previously with the borrower using its equity at that time to finance working capital or other expenses, the SBA has amended the regulation to provide that as follows:  if the eligible fixed asset was originally financed through a commercial loan that would have satisfied the “substantially all” standard of 85% and was subsequently refinanced one or more times with the current commercial loan being the most recent refinancing, then the current commercial loan will be deemed to satisfy the "substantially all" standard.  The borrower must certify that the existing debt satisfies the applicable requirements and the third party lender must certify, as part of the 504 loan application, that it has no reason to believe that the existing debt does not satisfy these requirements.
 On a random basis, the SBA may require the borrower and/or lender to submit additional documentation to support these certifications prior to closing the debenture, including the documents for the original loan used to acquire the fixed asset and subsequent refinancing documents to show that the current commercial loan is the most recent refinancing.  The SBA will cancel an approved 504 loan if the documents do not support the certifications.  If the borrower and/or lender are unable to produce the additional documentation, each must certify that it has made a diligent search for the documents and that the documents are not in its possession. The SBA will not cancel an approved loan solely because the borrower and/or lender are unable to produce the documentation unless the lender is the original lender who made the original loan to acquire the 504-eligible fixed asset (and not a lender who acquired or merged with the original lender.)
This same change in the "substantially all" standard has also been made for the 504 permanent expansion debt refinance program.
* Occupancy – The original loan may not have satisfied the percentage occupancy requirements of 51/49% for an existing building or 60/20/20% for new construction. The final regulations provide that as long as the borrower can demonstrate that it now occupies at least 51% of the building as of the date of 504 loan application, the percentage occupancy requirements are met.
* Current on Payments – The definition of “current on all payments due for not less than one year” has been amended to allow a borrower to be deemed current as long as during the 12-month period prior to the date of 504 loan application, no payment was more than 30 days past due under either the original payment terms or under modified payment terms (including deferments). Any modification of payment terms must have been agreed to in writing by the borrower and lender prior to Oct. 12, 2011, when the final regulations were published.  The SBA reserves the right to decide whether modified repayment terms would preclude refinancing.
* Closing Period – Temporary debt refinance 504 loans must be disbursed within six (6) months after loan approval unless an extension for good cause has been granted.  Extensions of the disbursement period up to an additional 3 months may now be granted for good cause.

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Contact Us

Commercial Lending Pros
Commercial Capital Limited
Florida Real Estate & Commercial Loans, Inc.

Tel: 863-299-2929
Fax: 863-877-4456
Email: loans@commerciallendingpros.com
Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!" WE ARE SERIOUS ABOUT IT.

House Small Business Subcommittee on Investigations Chairman Congressman Mike Coffman Promotes SBA Backed Loans

House Small Business Subcommittee on Investigations Chairman Congressman Mike Coffman Promotes SBA Backed LoansThe House Small Business Subcommittee on Investigations, Oversight and Regulations Chairman Mike Coffman (R-CO) today held a field hearing in Greenwood Village, Colorado to examine the state of small business lending, focusing on Small Business Administration (SBA) loan programs and the regulatory impediments to small business lending. Coffman said, "It is important for small business owners and community banks to hear from the Small Business Administration about government-backed lending programs that can help them, and it is equally important for legislators and government agencies, like SBA, to hear directly from small banks about how regulators have responded to the financial crisis of 2008 and how regulations have affected small business lending. Because of the importance of small banks as lenders to small companies, a proper balance should exist between an effective regulatory structure that protects depositors and a financial institution's ability to lend. Public forums like today's field hearing are very important in achieving that balance." . . . keep reading about Small Business Lending

If you are a small business looking for financing Commercial Lending Pros can help you find the financing you need.  We work with over 150 different lending sources who are lending and will evaluate your loan scenario in a prompt professional manner. We will underwrite and process Small Business Administration Loans:

• SBA 7(a)  (We are Preferred Lenders)
• SBA 504  (We are Direct Lenders)

The provisions of the Equal Credit Opportunity Act shall apply to all applicants for loans submitted under these government guaranteed loan programs. There shall be no discrimination on the basis of race, color, religion, age, sex, marital status, handicap or national origin.  It is our goal to facilitate a quick funding on all SBA loan requests. Additionally, we offer the following advantages:

• Competitive rates and terms
• Purchase or refinance of commercial real-estate, with cash out permitted 
• SBA-guaranteed fee can be financed in most cases
• Loans size starting from $100,000 to $10,000,000

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Contact Us

Commercial Lending Pros
Commercial Capital Limited
Florida Real Estate & Commercial Loans, Inc.

Tel: 863-298-8900
Fax: 863-877-4456
Email: marcos@commerciallendingpros.com
Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!" WE ARE SERIOUS ABOUT IT.
WHAT WE DO IS IMPORTANT. WHAT WE DO IS NEEDED. THE OPPORTUNITY IS AWESOME.

JOIN OUR TEAM! BECOME A BUSINESS LOAN PRO TODAY! OUR TIME IS NOW!!!!

Obama Calls on Congress to Pass Small-Business Legislation

As reported By CNN, President Obama used an appearance at a small business in Washington to again call on Congress to pass small-business legislation that he says will help strengthen the American economy.

The Small Business Jobs and Credit Act is stalled in the Senate.

"It is so important to pass this jobs bill for America's small businesses. That's where most of our jobs are created. And small businesses have been especially hard-hit by the economy," said Obama, speaking at Gelberg Signs. 

 The bill would authorize the creation of a $30 billion lending fund. The Treasury Department would run the program, which would deliver ultra-cheap capital to community banks, defined as those with less than $10 billion in total assets.

Other key components of the bill would provide $12 billion worth of tax relief for small businesses between 2010 and 2020, according to a preliminary estimate from the Joint Committee on Taxation. The bill also would increase Small Business Administration loan limits and extend loan sweeteners through the end of the year.  Full Story

We are SBA loan experts and our underwriters are professionally trained to keep your interest a priority. They are experienced in working with borrowers of all sizes. Thus, they can fund loans anywhere in the country! We can get you the Commercial Loan you need!

Call US Today! 863-298-8900

Commercial Capital Ltd.

Tel: 863-298-8900

Fax: 863-877-4456

Email: loans@commerciallendingpros.com

Website: http://www.commerciallendingpros.com/

Your #1 Source For Commercial & Business Financing

Florida 504 Loan Volume Nearly Doubles

The 20-year effective interest rate on Small Business Administration (SBA) 504 loans declined to 5.24% in July – the lowest in the program’s history.

In April, the rate was 5.25%, which was the lowest at the time but July edged it out for the new record.

The new low rate, coupled with recent Stimulus enhancements to the program (the elimination of most program fees and limited debt refinancing), is a rare piece of good news for small businesses suffering from the nationwide reduction in credit availability.

“With the difficulties small businesses are having in today’s economy, the recent Federal incentives and a new all-time low interest rate create a unique opportunity for small businesses to buy or enhance their facilities,” said Todd Kocourek, president & CEO of Florida First Capital.

For more information on Commercial Capital Limited and its 504 loan program, visit www.commerciallendingpros.com, email us at loans@commerciallendingpros.com or call 863.298.8900 or 813-833-3132.

Spotlight On Quick Money

Times are tough all over, and running a business is no different. At Commercial Capital, we focus on the needs of small business. One of the ways we are meeting that need is with our new “Asset Backed Loan”. As opposed to a loan on real estate, this is a loan against stocks, bonds or treasuries. These loans have INCREDIBLE interest rates under 5% and can close in TWO WEEKS!

And it is easy! Get one simple statement showing the asset, like a quarterly report, and send it in. Within 3-5 days, we will have a contract. Once you sign that contract, you fund in 7-10 business days! And the rates are typically in the 4% - 5% range! That is some of the cheapest money available! And with no credit check or income verification! You keep ownership of the securities, and if the stock goes up…you get all the benefit. A lien is placed against the stocks/bonds or treasuries, so you cannot trade them for the duration of the loan. But unlike a margin loan, the loan CANNOT BE CALLED if the stocks go down in value. It is a safe way of tapping the asset for short term needs while protecting the asset for long term gains, retirement, etc. When you pay the loan off, the lien is released!

This money could be used by a small business to keep afloat until the economy turns. Or it could be used to pay off high interest debt, remember, we are often talking rates below 5% interest only. It can be used by real estate investors to grab some cheap homes or commercial properties…the opportunities are endless. We are currently working with developers who are in the middle of building hotels, apartments and retail properties and need to finish construction. Because they’re part way through construction, there is not a lot of interest among other lenders to provide funding. But the developers each have millions tied up in their stock portfolio. We can get them a quick few million and they can finish their projects. The opportunities this loan can bring you for some quick cash and real financial leverage are awesome! If you have any scenarios you would like to run by us, just give us a call at 863-298-8900. Minimum loan is $500,000. Get the quick cash you need today with NO credit check or income verification – at rates under 5%! Just call 863-298-8900.

President Obama: New SBA Guidelines

We have already implemented the changes announced below by the SBA Acting Administrator of Recovery Efforts to assist all our clients in getting SBA loans closed faster, easier and at lower costs. Don’t hesitate to call or email us to see how we might be able to assist you and your business in receiving some of the additional Stimulus Bill money that has been made available thru the Small Business Administration.

Visit our web site at http://CommercialLendingPros.com

***********************************************
U.S. Small Business Administration

-- News Release --

***********************************************

Release Date: March 16, 2009
Contact: Mike Stamler (202) 205-6919
Release Number: 09-17
Internet Address: http://www.sba.gov/news

Statement from SBA Acting Administrator on Recovery Efforts Announced by President Obama Today

WASHINGTON – The following statement was issued today by Acting Administrator Darryl K. Hairston of the U.S. Small Business Administration following the announcement by President Barack Obama of important steps being taken by the SBA and the U.S. Department of Treasury to address the economic challenges facing small businesses and entrepreneurs across the country.
“U.S. small businesses employ about half our nation’s workers and over the last decade have created about 70 percent of all new jobs. But their access to credit and lending markets has dried up, making it harder every day for small businesses to keep their doors open and their employees working. American small businesses are one of the strongest engines for economic prosperity in the world, and we can’t let this crisis continue to undermine their growth and potential. Today President Obama reiterated his belief that we owe it to America’s small businesses to be the partner they need in the midst of this crisis. At SBA, we couldn’t agree more.

“SBA this week is implementing two key provisions laid out in the Recovery Act – we are temporarily eliminating certain loan fees and raising guarantees on some 7(a) loans up to 90 percent. With these critical steps by SBA, and the Treasury Department’s commitment of up to $15 billion aimed at getting lending markets flowing again, we are standing up with small business owners across this country and telling them how we are going to put much-needed capital in their hands.

“We hope small businesses will take the opportunity to ask their banks about the SBA loans that might be available to them. And, we encourage community banks and other lenders to work with us to reach as many qualified borrowers as we can during these difficult times.”
Beginning today, the SBA will:

• Temporarily raise guarantees to up to 90 percent on SBA’s 7(a) loan program, through calendar year 2009, or until the funds are exhausted. This increase in guarantee levels will help provide banks with the greater confidence they need to extend credit during the current recession, will mean more capital available to small business owners around the country.
  
• Temporarily eliminate fees for borrowers on SBA 7(a) loans and for both borrowers and lenders on 504 Certified Development Company loans, through calendar year 2009, or until the funds are exhausted. This will mean more capital available to small businesses at a lower cost. The fee elimination is retroactive to February 17, the day the Recovery Act was signed. SBA is developing a mechanism for refunding fees paid on loans since then.
  

Additionally, the President announced today that the Treasury Department will commit up to $15 billion to help unlock the frozen credit markets by purchasing small business loan securities currently frozen on the secondary market. By purchasing these securities, it will unlock these secondary markets, and in turn, free up more capital to jumpstart lending for small business owners. The SBA has worked closely with the Treasury Department to address the need to unlock these secondary markets for SBA loans.

For more information on the SBA and Treasury initiatives announced today by the President, visit the SBA Web site at http://www.sba.gov/.

Call us TODAY at 863-298-8900 or visit our web site at http://CommercialLendingPros.com if your loan has been denied by another lender.

THIS IS A BREAKING FINANCIAL NEWS ALERT FROM http://commerciallendingpros.com/

Your #1 Source for Commercial Loans, Business Financing and Merchant Cash Advance Services!

Don't depend on the government bailout!

We have Millions to lend! Developers $10 Million and up!

View video to find out more!

Call today for information on this financing program:

863-298-8900 or 813-833-3132

or visit: http://commerciallendingpros.com/