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Your Location: Home - Business Loan Business Loan CenterUse: small business loan, business loan, government small business loan, startup business loan, unsecured business loan, business loan broker, business loan application online, business debt consolidation loanBusiness Loan Center recommend the industrial leading financial organizations that have been specifically designed for small businesses with debt capital requirements up to $3,000,000. We understand the needs of small business owners and are committed to making the financing process as simple as possible. If you are looking for help in financing your business or trying to find out information about the ways on rental property or owner occupied real estate financing, just fill out the simple inquiry forms. Business Loan Terminology
ADVANCE RENTALS - the periodic rental payments which are collected by the lessor at lease inception and applied to the rentals due under the lease. NOTE: Advance Rentals are applied to the payments that you owe, Security Deposits are not. BARGAIN PURCHASE OPTION - a provision of the lease or an agreement which is separate from the lease that allows the lessee to purchase the leased asset for a predetermined price which is lower then the fair market value of the asset. This option is normally exercised at the end of the lease and provided the lessee has complied with their responsibilities under the lease. BROKER - a person or entity that acts as a financial intermediary between the end-user, lessee, and a financial institution, lessor. CAPITAL LEASE - a type of lease which is treated as a purchase on the lessee's books. Generally capital leases can be identified by one of the following characteristics: The lease term is equal to or greater than 75% of the estimated useful life of the leased asset. Title to the asset is automatically transferred to the lessee at the end of the term. Title to the asset can be obtained by the lessee for a bargain option at the end of the lease term. The present value of the required lease payments are equal to or the estimated fair market value of the asset at lease inception. DELIVERY AND ACCEPTANCE - a document executed by the lessee indicating that the asset has been delivered, is as appears on the lease and operates to the lessee's satisfaction and manufacturer's specifications. This is generally the final document executed by the lessee and signals the lessor that they may remit payment to the vendor EQUIPMENT SCHEDULE - a schedule signed by the lessee which becomes part of the lease agreement. This schedule will identify all assets being leased and will generally include model and serial numbers. It should be identical to the vendor's invoices and will become the defining document in the event of an asset dispute.
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