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Casual Articles - Commercial Loan Difficulties - Solutions for Auto Services Properties
Why do some new managers succeed while others fail? It all depends on the first three months – the critical time when the new hire is learning the ropes. The new manager’s boss plays a vital role in the orientation process. Here are four strategies to quickly get the new hire up to speed and working productivelyClarify goals and priorities. What are the performance expectations and deliverables for you and your team? How is performance going to be measured/success evaluated? What are the key business issues that you n
COMMERCIAL LOAN SOLUTIONS FOR AUTO SERVICE PROPERTIES
For an auto service business borrower facing any or all of the situations described above, the highest priority should be to locate a non-traditional commercial lender that:
(1) Openly welcomes auto service properties and routinely finances such properties.
(2) Does not add special requirements to the business loan for auto service commercial properties.
(3) Has a history of making loans for the specific type of property under consideration.
(4) Can accommodate both small and large commercial loans for auto service properties.
(5) Can accommodate environmental issues with such practical solutions as environmental insurance.
(6) Can routinely provide 15-25 year financing for auto service businesses.
(7) Is c
How many times have you thought that all your business needs is a nice brochure? Nothing fancy, just something to pass out at trade shows. It would surely solve a lot of your sales problems. You may even think it shouldn't cost much. It would look great printed on the new office color printer, right? Unfortunately, nothing in life or business is quite that easy. Many small businesses rely on brochures as their first form of sales communication but find them unsuccessful because they underestimate the skills and resources necessary to publish
There are many businesses falling into the auto services category, and they generally involve activities that include automobile body repairing and painting. These properties are viewed as riskier loans by most traditional lenders. As a prime example of how non-traditional commercial lenders look at difficult commercial loan situations differently, auto services properties have been moved to a less risky underwriting category by several of these lenders. Because of this, it will usually be beneficial for owners of auto services businesses to work with a non-traditional lender because of the better commercial financing terms.
COMMERCIAL LOAN DIFFICULTY: ENVIRONMENTAL DIFFICULTIES?
There are unique environmental issues for auto services properties that frequently produce difficulties in obtaining a commercial real estate loan from a traditional commercial lender. Properties involving environmental issues will often be politely declined by a traditional commercial lender. Auto services and related businesses are frequently mistreated in this manner. If such commercial mortgages are not declined outright, then typically a Phase I/II environmental report will be required (which can easily add $15,000 to $20,000 or more to the cost of the loan if a Phase II report is needed). The commercial borrower could end up paying this entire cost even if the report produces findings that result in commercial loan disapproval. If the cost for a Phase I/II environmental report wasn't already a sufficiently negative issue, this requirement also adds substantial time to the commercial loan process. As a practical time-saving and cost reduction strategy for addressing this unique but solvable problem, an environmental insurance fee can be used to meet the special commercial loan needs of environmentally-sensitive properties (thus frequently avoiding the need for Phase I/II environmental reports). Using this strategy, a non-traditional lender can usually get an environmental approval in 5-7 days.
COMMERCIAL LOAN DIFFICULTY: SHORT-TERM FINANCING?
One of the primary underlying reasons for a high failure rate among many auto services businesses is directly due to the commercial borrower being forced into short-term commercial financing when long-term commercial financing is essential to the health of the business investment. Businesses should not be financed with short-term funds. It is essential to obtain long-term commercial financing of at least 15-20 years (and longer is even better). For most auto services businesses, long-term commercial financing is likely to be available only from a non-traditional commercial lender.
COMMERCIAL LOAN DIFFICULTY: BUSINESS CASH ADVANCES FOR IMMEDIATE WORKING CAPITAL?
As noted above, traditional lenders are frequently reluctant to provide long-term commercial financing to an auto services business. However, some financing needs can be handled effectively with shorter-term commercial financing strategies. A retail auto services business will usually benefit from using credit card receivables to convert future cash flow into immediate working capital (usually up to $300,000). This solution should be actively evaluated by owners and prospective owners of auto services businesses.
COMMERCIAL LOAN SOLUTIONS FOR AUTO SERVICE PROPERTIES
For an auto service business borrower facing any or all of the situations described above, the highest priority should be to locate a non-traditional commercial lender that:
(1) Openly welcomes auto service properties and routinely finances such properties.
(2) Does not add special requirements to the business loan for auto service commercial properties.
(3) Has a history of making loans for the specific type of property under consideration.
(4) Can accommodate both small and large commercial loans for auto service properties.
(5) Can accommodate environmental issues with such practical solutions as environmental insurance.
(6) Can routinely provide 15-25 year financing for auto service businesses.
(7) Is ca
In Akron, OH we met with Marcel van den Bosch, Economic Research Coordinator in downtown. While working in conjunction with the Chamber of Commerce in the Greater Akron area he said that things were much better than anticipated. Goodyear being the biggest anchor corporation in the Akron area, with an incredible history has been quite strong.The lay-offs in Akron came during the last recession hit hard but it has completely rebounded. About half way thru the recession most of the buildings downtown were only 8% unoccupied which was better tha
COMMERCIAL LOAN DIFFICULTY: SHORT-TERM FINANCING?
One of the primary underlying reasons for a high failure rate among many auto services businesses is directly due to the commercial borrower being forced into short-term commercial financing when long-term commercial financing is essential to the health of the business investment. Businesses should not be financed with short-term funds. It is essential to obtain long-term commercial financing of at least 15-20 years (and longer is even better). For most auto services businesses, long-term commercial financing is likely to be available only from a non-traditional commercial lender.
COMMERCIAL LOAN DIFFICULTY: BUSINESS CASH ADVANCES FOR IMMEDIATE WORKING CAPITAL?
As noted above, traditional lenders are frequently reluctant to provide long-term commercial financing to an auto services business. However, some financing needs can be handled effectively with shorter-term commercial financing strategies. A retail auto services business will usually benefit from using credit card receivables to convert future cash flow into immediate working capital (usually up to $300,000). This solution should be actively evaluated by owners and prospective owners of auto services businesses.
COMMERCIAL LOAN SOLUTIONS FOR AUTO SERVICE PROPERTIES
For an auto service business borrower facing any or all of the situations described above, the highest priority should be to locate a non-traditional commercial lender that:
(1) Openly welcomes auto service properties and routinely finances such properties.
(2) Does not add special requirements to the business loan for auto service commercial properties.
(3) Has a history of making loans for the specific type of property under consideration.
(4) Can accommodate both small and large commercial loans for auto service properties.
(5) Can accommodate environmental issues with such practical solutions as environmental insurance.
(6) Can routinely provide 15-25 year financing for auto service businesses.
(7) Is c
The primary reasons that sales managers fail is that they don’t know how to manage their people, and they don’t manage a highly effective selling processes. Just as an engineering manager needs to be a pretty competent engineer, so does a sales manager need to be a pretty competent salesperson. However, in both cases, their primary responsibility is to manage the performance of their staff. And, both must have a good understanding of modern management principles beyond a few readings of “The One Minute Manger.”By contrast, most engineerin
COMMERCIAL LOAN DIFFICULTY: SHORT-TERM FINANCING?
One of the primary underlying reasons for a high failure rate among many auto services businesses is directly due to the commercial borrower being forced into short-term commercial financing when long-term commercial financing is essential to the health of the business investment. Businesses should not be financed with short-term funds. It is essential to obtain long-term commercial financing of at least 15-20 years (and longer is even better). For most auto services businesses, long-term commercial financing is likely to be available only from a non-traditional commercial lender.
COMMERCIAL LOAN DIFFICULTY: BUSINESS CASH ADVANCES FOR IMMEDIATE WORKING CAPITAL?
As noted above, traditional lenders are frequently reluctant to provide long-term commercial financing to an auto services business. However, some financing needs can be handled effectively with shorter-term commercial financing strategies. A retail auto services business will usually benefit from using credit card receivables to convert future cash flow into immediate working capital (usually up to $300,000). This solution should be actively evaluated by owners and prospective owners of auto services businesses.
COMMERCIAL LOAN SOLUTIONS FOR AUTO SERVICE PROPERTIES
For an auto service business borrower facing any or all of the situations described above, the highest priority should be to locate a non-traditional commercial lender that:
(1) Openly welcomes auto service properties and routinely finances such properties.
(2) Does not add special requirements to the business loan for auto service commercial properties.
(3) Has a history of making loans for the specific type of property under consideration.
(4) Can accommodate both small and large commercial loans for auto service properties.
(5) Can accommodate environmental issues with such practical solutions as environmental insurance.
(6) Can routinely provide 15-25 year financing for auto service businesses.
(7) Is c
Recently the marketing strategy of a publishing house in India is very successful. Even they have celebrated their success last month. Definitely this is the master pieces of marketing strategies. This strategy has given full emphasis to the psychology of Indians. This publishing house is none other than Reader’s Digest.Reader digest is already a successful name in India. Therefore it is easy to accept any offer from it. In the end of last year, people received mails or letters from Reader digest, telling them that they are chosen lucky winn
COMMERCIAL LOAN DIFFICULTY: BUSINESS CASH ADVANCES FOR IMMEDIATE WORKING CAPITAL?
As noted above, traditional lenders are frequently reluctant to provide long-term commercial financing to an auto services business. However, some financing needs can be handled effectively with shorter-term commercial financing strategies. A retail auto services business will usually benefit from using credit card receivables to convert future cash flow into immediate working capital (usually up to $300,000). This solution should be actively evaluated by owners and prospective owners of auto services businesses.
COMMERCIAL LOAN SOLUTIONS FOR AUTO SERVICE PROPERTIES
For an auto service business borrower facing any or all of the situations described above, the highest priority should be to locate a non-traditional commercial lender that:
(1) Openly welcomes auto service properties and routinely finances such properties.
(2) Does not add special requirements to the business loan for auto service commercial properties.
(3) Has a history of making loans for the specific type of property under consideration.
(4) Can accommodate both small and large commercial loans for auto service properties.
(5) Can accommodate environmental issues with such practical solutions as environmental insurance.
(6) Can routinely provide 15-25 year financing for auto service businesses.
(7) Is c
S corporations and C corporations each have advantages and disadvantages. Their suitability depends on your individual needs. Choosing the right one for you depends on what type of business you own, and how much profit the business produces.If your corporation turns out more money that can be considered higher than the reasonable salary for you as a president or CEO of the company, then obtaining an S corporation tax status might be the right choice. This is because an S corporation passes profits directly to the owner, which means corporate
COMMERCIAL LOAN SOLUTIONS FOR AUTO SERVICE PROPERTIES
For an auto service business borrower facing any or all of the situations described above, the highest priority should be to locate a non-traditional commercial lender that:
(1) Openly welcomes auto service properties and routinely finances such properties.
(2) Does not add special requirements to the business loan for auto service commercial properties.
(3) Has a history of making loans for the specific type of property under consideration.
(4) Can accommodate both small and large commercial loans for auto service properties.
(5) Can accommodate environmental issues with such practical solutions as environmental insurance.
(6) Can routinely provide 15-25 year financing for auto service businesses.
(7) Is capable of providing immediate working capital via a business cash advance based on future credit card receipts.
Copyright 2005-2006 AEX Commercial Financing Group, LLC. All Rights Reserved.
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