Showing posts with label custom foam boxes. Show all posts

Saturday, March 31, 2018

How to Qualify for Commercial Real Estate Loans

Understand that commercial real estate loans are nothing like residential loans, which means that the qualifications are drastically different as well. Understanding the qualifications before you apply for a loan is critical to securing the fund that you need.

First, it is important to grasp that commercial real estate loans and residential real estate loans have nothing really in common other than the word loans. The comparison is similar to that of a paper airplane and a jumbo jet; yes they both fly. So be prepared to learn about an entirely new set of loan qualifications before you embark on your first commercial loan application.

Lenders base a huge portion of their decision on your personal credit score when you are seeking a residential loan. And it is always good to have a respectable credit score, but it is not as critical when seeking a commercial loan. A credit score of below 600 will require an explanation but it is not a deal breaker. But a credit score of under 500 is likely to reduce your opportunities quite a bit. What lenders will be looking for to approve commercial real estate loans is a solid net worth. In general, lenders would like to see a net worth equal to the amount of the loan you are requesting.

Another important factor to qualify for commercial real estate loans is liquidity. The standard for liquidity varies among lenders but the rough average is 10-20% of the loan amount. What lenders don’t want to see is a borrower who scrapes up every last dollar that they have to make a down payment. Being cash poor could have catastrophic results if there is an unexpected expense which arises or some other type of emergency.

Your Experience

Your experience will also be a key factor in your approval. Demonstrating that you have the ability to manage the new property successfully means that you are most likely going to be able to make you payments on time and for the life of the loan. And if the property is quite large, the lender wants to know that you have the resources and staff in place to handle the management and ownership responsibilities associated with the property.

Income

As with any loan, there is a certain expectation for income. You need to have the income to pay the loan payment each month. This might be in the form of rental income once the property is up and functioning or it could be revenue from the business which is housed on the property, but the cash flow needs to be there to make the payments. Unlike on a residential loan, there is not real ratio such as debt to income that the industry uses as a standard. But you do need to demonstrate that there will be some type of cash flow to cover the loan payments for the life of the loan. All of these factors are blended to determine your ability to make the monthly payments on the loan that you are requesting unlike in a residential loan application where most of the weight rests on your income alone.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Saturday, March 17, 2018

How to Raise Your Business Credit Score for Commercial Loans

Your business credit score will play a role in approval for commercial loans. If your business is just starting out, you might not have an impressive credit score, but there are things you can do to boost your credit score to avoid denial.

Credit score is reflection of your financial history and that means you want it to be great because it says a lot about your business’ credibility and stability. It also plays a part in getting approved for extra funding and is a good way to avoid having to pay higher interest rates or higher fees.

There are things you should do to boost your credit score. One of the easiest ways to do this is to always make payments on time to creditors. Making payments early will boost your credit score even more. Those with perfect credit scores are known for having a track record of making payment early. Start doing this sooner rather than later, the longer you do this, the better your score. You want to use your credit cards, this can help increase your credit score, but avoid hitting the maximum limit.

Keep in mind that public records will also play a role in your credit score on top of getting approved for commercial loans. Things filed like judgements, liens and bankruptcies are public record and could have a negative impact on your credit score. That means all of the hard work you have put in boosting your score could go down the drain. You want to avoid having anything financially wrong on your financial record.

Borrow from the right lenders, ones that actually report to credit bureaus.

It is okay to be picky when it comes to choosing the right lender. Commercial loans can boost your credit score but making payments on time, but they need to be reported to the credit bureaus. That is why you should always ask your lender beforehand if they report. Banks usually always report, but it is not a requirement for lenders to do so.

Building a better credit score has its many benefits.

Having a good credit score will help with many things like lower interest rates on commercial loans or credit cards. Plus, you will usually be able to come to better terms with supplies, attract new customers and establish a good reputation with existing customers. Of course, credit scores can be calculated in a variety of ways and can vary, but always try to keep as up to date as you can on your current credit score.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Monday, June 16, 2014

Custom Foam boxes using the Insapack Sytstem from Seal Air.

Custom Foam Boxes by Sealed Air Instapak Foam System

Making a custom foam cooler box using instapack sealed air foam system. You can do this from home, but danger beware danger this is very sticky foam and gets everywhere. For more information see http://www.custom-foam-packaging.com

We make these coolers to ship frozen food using dry ice CO2 for customers. Works great. Give us call Dennis Dahlberg - Custom Foam Packaging 23335 N 18th Drive Suite 120 Phoenix AZ 85027 623-582-4444

https://www.youtube.com/watch?v=9wTdaCB6PSQ

Instapak Foam in Place Custom Foam Boxes

Custom Foam Packaging Instapak Foam-in Place Packaging

At Custom Foam Packaging we use Instapak Foam Packaging products to create custom packaging and custom foam boxes. This foam-in-place system is fast, easy and versatile. Our foam-in-place foam packaging process allows on-line, on-site production of polyurethane foam packages. Custom Foam Packaging and custom foam boxes provide protection against shock and vibration during shipping and handling, void fill, and bracing applications.

At Custom Foam Packaging we create foam-in-place , moldings to secure and protect Your item foam-in-place can be used either to package "one-time" items, or for the creation of custom foam forms that you can use to package recurring production items. Creating foam-in-place moldings for recurring production pieces is when you have specific production items that you need to secure and ship on a regular basis.

At Custom Foam Packaging and custom foam boxes, we can create a packaging assembly and custom foam boxes that allow you to fit your pieces in, without having to either buy the foam-in-place equipment, or have to come to our offices every time you need to ship an item. See how the InstaPak Foam in use. Best West Direct shows the InstaPak foam system in action and you can see the details. Danger Beware Danger, don't get this stuff on your clothes or try to do this at home. See more at http://www.bestwestdirect.com or http://www.custom-foam-packaging.com

The importance of your products to ship frozen. For those in the food business, it is imperative you keep your products cool and as frozen as possible. For many of you, shipping is of the primary roles you take on and in large determines how much profit will be earned depending on whether or not you were able to ship on time. Not only that, but the products you have to ship must not be damaged or broken. If not, the consequences can be disastrous. If not protected appropriately, your foods could be utterly wasted while being prone to bacteria and germs alike. Remember, if you want to keep your customers satisfied, you must make sure the products you ship are shipped frozen.

https://www.youtube.com/watch?v=QK0FIC3pnuA

Dennis Dahlberg - It Can't Get Better Than This!