Our Loan Process

Monday, September 28, 2009

Our Loan Process 1. Submit Business Plan / Executive Summary 2. Pre-qualification determination process - project is reviewed and evaluated resulting in: the project being accepted proposed revisions being issued for the project the project being declined 3. Lender / Investor conceptual interest is obtained along with projected terms and the proposal is issued 4. Due-Diligence document checklist of typically requested data is prepared and sent to client 5. Analysis of all documents, preparation and packaging of the data for submission to designated lender/investor; formal due-diligence commences 6. Term Sheet/Conditional Commitment and/or Firm Commitment issued 7. After Term Sheet/Conditional Commitment and/or Firm Commitment are accepted, a site visit and market analysis will commence 8. Closing | Capitalization | Funding

Borrow money on your Stock or Mutual fund holdings

Friday, September 25, 2009

The Time Line and process Here is the time-line and a quick overview of the steps for the completion of the transaction. Submit a Request for Quote. Once we receive your request a Term Sheet is issued. Usually within 24 hours The borrower will be asked to complete a simple 2 page application form. Neither income or credit is not asked. It is simply who they are and where do they want the funds wired to. Conference called is placed between the borrower and Us to answer any questions. Loan Agreement is sent to the borrower to sign. Lender tracks the closing price of the shares for 3 days to obtain an average price. The loan is disbursed based upon the loan-to-value previously agreed upon. Borrower makes Interest Only payments quarterly. Any dividends from the securities is credited to the loan payment and any excess is returned to the borrower in the form of a check. Note: Dividend payments made on behalf of the borrower towards the loan are not taxable. At the end of the loan term the loan is paid off and the same amount of shares are returned to the borrower. The time frame from start to finish may be as little as 5-7 days. Contact Richard for more info: 516 308 2963 WeApprove@gmail.com

What is an SBA (7) a Loan and who qualifies

Sunday, September 13, 2009

Product Type: Owner-Occupied SBA 7a Property Type: Community lending program to improve the locality for almost any business in the U.S. Loan Amount (min/max): $250,000 to $2MM LTV (max): 90% Amortization / Term: 20/20 Minimum FICO: 650 Minimum DSCR: 1.10x Non-Eligible: Ground Lease, Gas Stations, Churches Cash-out: N/A Collateral: Real Property