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Business Loan Center

Use: 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 loan

Business 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

PURCHASE OPTION - a document or provision of a lease by which the lessee is granted the right to purchase the leased asset at the end of the lease term.

PUT OPTION - a document executed by the parties in which the lessee commits to purchase the leased asset for a predetermined amount at the conclusion of the lease term.

NOTE: As with any other option to purchase, if the lessee defaults in their obligations as defined by the lease, the lessor may terminate the lessee's right to purchase.

RESIDUAL VALUE - the value of the leased asset at the end of the lease term.

SALE-LEASEBACK - a type of lease in which an asset that is owned by the lessee is sold to the lessor and then leased back to the lessee. This type of lease is generally used when the lessee desires additional cash for their business.

NOTE: When a Sale-Leaseback is used it is likely that the lessee will have to pay income tax on the difference between the sale price of the equipment and the depreciated value of that equipment on the lessee's books. The lessee will also have to pay a sales or use tax.

SECURITY DEPOSIT - funds which are held by the lessor as additional collateral to insure performance.

NOTE: Security Deposits may be forfeited by the lessee in the event of a default.

TERM - the agreed upon number of months the lease will run or the number of periodic payments.

TRAC LEASE - a type of lease which is tax oriented and used exclusively for titled motor vehicles. TRAC derives it's name from a clause in the contract which is the terminal rental adjustment clause. This clause adjusts the residual value of the vehicle based upon usage.

TRUE LEASE - a type of lease which qualifies as a lease under the guidelines established by the Internal Revenue Code.

UNIFORM COMMERCIAL CODE FINANCING STATEMENT (UCC-1) - a document which is filed with the Secretary of State and in some cases other public agencies which describes for the public record the nature of the relationship between the lessee and the lessor. This filing also describes the asset being leased and is generally regarded as the defining record in the event of a dispute as to the rightful owner of specific assets.