Securing a commercial business loan in a high-risk business is all the more difficult due to the rigid policies for evaluating assets and other factors set by certain lenders. Here are some tips that can help design your portfolio to present to a lender and increase the stakes for securing a loan:

A business loan is a go-to solution for expanding a business or to start a new one. Business loans can essentially be categorized into two types—secured and unsecured loans. The basic difference between the two is the use of collateral in a secured business loan, while an unsecured business loan does not have an option for a collateral.

A debt consolidation loan is just a type of personal loan that a person may take in order to pay off or simplify existing debt. There are two types of debt consolidation loans namely – secured and unsecured. The difference between the two is that secured debt loans use collateral whereas unsecured debt loans do not use collateral.

There are some companies across the country that specialize in helping people who already have an existing title loan. People look out for companies to buy out their existing title loans for a number of reasons, which include lowering their interest rates, reducing their monthly payments, and falling back on their payments.

Home loans where older homeowners or people with small mortgages are not required to pay any periodic debt payments are called reverse mortgages. While taxes and insurance for the property that is a primary residence is still the responsibility of the homeowner, the home equity, or the difference in the market value and the outstanding balance of all the claims on the property, is enjoyed by them.

Short duration, high risk, and steep interest rate are some characteristics of a hard money loan. An asset-based loan, or in some cases, a desperate financial situation that calls for a hard money loan, is the last resort for owners of property in dire need of money. A way to borrow money for short terms of 1 to 5 years without using traditional mortgage lenders, or a loan not approved by traditional lenders for various reasons, hard money lenders provide loans against 65% to 75% of the current value of the collateral property.

Traditionally, installment loans were offered by banks and credit unions for the purchase of vehicles or homes. If you or your family have been a borrower of such a loan, you wouldn’t be a stranger to the amount of paperwork that is involved in it. From the number of phone calls or visits that are required from the first step of gathering information about lenders who provide installment loans to finally receiving the loan in your bank account, it is one tiresome process involving loads of documentation and formalities.

The Federal Housing Administration (FHA) insures loans offered by approved lenders or banks to borrowers who have inadequate funds to make large down payments. Streamline refinance programs are the easiest way to refinance loans for those homeowners who have already been granted an FHA loan for lower monthly interest rates.

The mutual life insurance company in New York is a pioneer in popularizing the concept of insurance in the country. Mutual life insurance offers whole life insurances and has been doing so for many years now. In the early 1980s, however, they branched off to different areas and acquired newer companies. Mutual life insurance has merged with many companies in order to satisfy the needs of a large customer base.

Every business has risks in its regular functions and the best way to protect the assets of a business is to ensure that every aspect is appropriately insured. The top five reasons why businesses require insurance are as follows: The law mandates that every business that has employees needs to have specific insurances such as unemployment and disability, worker’s compensations, etc., depending on the place of business and the associated risk profile of the business.

Most businesses face great difficulties in sourcing funds to either set up their business or expand the same. A greater difficulty one might face is for start-up businesses because they do not have records to prove their financial stability from sales or other ventures in the market. In these cases, a business has to go through multiple channels to get the desired loan approved and kickstart their business.

Every lender, be it a traditional bank or a financial institution, scrutinizes a business’ assets to evaluate the business’ current standing and its future potential in order to estimate the repayment value of the loan borrowed. The major aspects that lenders look at are the business’ history, revenue generation, credit score, balance sheet, business credit, and equity contributions.