Category Archives: Arizona USDA Home Loan

Why small town businesses are finding it hard to get commercial loans

Lenders are withdrawing from less populated areas, and small businesses in rural areas are facing difficulty finding sources of commercial loans.

Local banks have been consistently closing in rural areas. The in-person service, which was once so crucial for small business financing, is quickly becoming a thing of the past. Banks are relocating to more populated areas, and larger banks continue to consolidate smaller community banks. These larger banks use algorithms, rather than personal relationships to evaluate a borrowers creditworthiness.

This trend is making it harder for many rural borrowers to qualify for business loans.The value of small business lending in rural areas is now half of its 2004 peak. Much of this decline is a result of the recession, but the amount of small business lending in urban areas only declined by a quarter over this same period. The numbers demonstrate that business owners in more populated areas are not facing the same difficulties as their rural counterparts.

The decline is having a drastic impact on business activity in less populated areas. Research by Colorado State University economist Stephan Weiler demonstrates a link between the reduction in small business loans and new business formation in rural areas two to three years later. His research did not reveal a similar pattern in urban areas.

Community banks have been leaving rural areas for decades, making commercial loans harder to find

There has been a measurable decline over the past 20 years in the number of smaller community banks in rural areas. These community banks were once the sole source of credit for many small businesses in these areas. 625 of Americas 1,980 rural counties have no locally owned community bank. 35 rural counties in America have no bank at all, and 115 have only one branch.

Lenders cite specific difficulties in rural areas.”It’s very hard to find highly competent commercial loan officers who want to live in these small towns and can produce an adequate amount of production,” said Jerry Rexroad CEO of Carolina Financial Corp.

Rural businesses also lack the detailed information which is used by many larger banks to assess the creditworthiness of borrowers. However, economic difficulties in rural areas make it harder for banks to do business.

Economic difficulties are making commercial loans harder to find in many areas

Rural areas face unique economic challenges. Employment growth suffers due to weak school systems. Local businesses suffer due to competition with big-box stores and few small business owners have seen their credit situation improve since the recession. Business lending in rural areas has not picked up since the recovery began. Although new small dollar loans have been on the rise, rural areas have only seen a modest increase.. Only 10 percent of new small business loans, roughly 22 billion, have been issued in rural areas since the recovery began.

It remains unclear whether the banks themselves or the economy in these areas are to blame these hardships. Nonetheless small town businesses will face difficulty securing financing for the foreseeable future.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
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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

Benefits of Non-Recourse Commercial Loans

There are many options to explore when seeking commercial loans. One of the factors which can reduce personal liability and risk of assets is a non-recourse loan.

As you begin to explore the options for commercial loans you will quickly find that there are two main categories for these loans, recourse and non-recourse. The more common of the two is the recourse loan which requires the borrower or borrowers to personally sign as the guarantor of the loan. This simply means that in the event of business failure or inability of the business to make the loan payments for any reason, then the guarantor is personally responsible to make the payments. Obviously, this presents a significant personal financial risk to the guarantor.

Non-recourse commercial loans do not require the borrowers to become personal guarantors of the loan. Therefore, these loans do not require the risk of the personal assets of the borrowers. This is one of the biggest advantages for any borrower. Knowing that a business failure means the loss of income is bad enough but to also be faced with the responsibility of personal liability on a commercial loan can be devastating. No business owner ever chooses to take out a loan which they believe the business will default on but there is always that rare possibility, and the added stress of personal liability. But a non-recourse loan eliminates that stress and potential issue.

An additional benefit is that non-recourse loans are assumable. This can be a huge advantage if you plan to sell the property in a few years or if a situation changes and you need to sell the property quickly. Currently, commercial lending rates are very favorable, but they are expected to increase. So the current loan rate is likely to be much lower than a rate which will be offered on a loan in a few years. So when you do decide to sell the property, you have the ability to offer to have the buyer assume your loan. This will be a great incentive for the buyers as the interest rate could be significantly lower than the current rate.

The Perfect Non-Recourse Loan Candidate

Non-recourse loans are most often used to purchase properties which provide a strong cash flow as the property is the only collateral. This means that even if the property is not the more visually appealing or if it needs a face lift, it could still be a candidate for a non-recourse loan. The critical factor is the cash flow. As long as the property is generating 1.25 times the proposed payment of the loan then lenders will be eager to offer this financing solution.

Great Benefits if the Fit is Right

Non-recourse commercial loans can offer a huge benefit for the right borrower and the right commercial property. Knowing that the property does generate a strong and steady cash flow allows the borrower to get a great loan and rate without having to personally guarantee the loan in the event of a business failure. It also provides added benefits to the borrower when it is time to sell the building by allowing the buyer to take advantage of a lower interest rate on the assumed loan.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

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

Arizona USDA Home Loan: Why would I be interested?

Arizona USDA Home Mortgage: Why would I be ?

There was numerous speak about Arizona USDA Home Mortgage recently. Why would I be involved in one for myself? What makes this an excellent selection for me personally?

With so many choices on the market for potential residence patrons, it could actually develop into complicated and irritating as you attempt to make the appropriate selection. It should be simpler to make the selection that’s greatest for you and your loved ones in case you have all the data in entrance of you. Let me assist by outlining a number of the most necessary elements of an Arizona USDA Home Loan.

      Arizona USDA home loan is a good option for those of you thatare concerned about the initial cost of home loans. The USDA home loan offers100% financing! What an exquisite feeling it would be when you will have the chance to buy and should not have to fret concerning the down cost! Together with that great feeling, be comforted in realizing that an Arizona USDA residence loan has a number of the lowest rates of interest. You would be very hard pressed to seek out charges like this in the entire whole nation. Additionally, there is no such thing as a umbrella. That implies that hypothetically you don’t have any restrict on the quantity you’ll be able to borrow. In fact, that’s hypothetically, as you’ll be evaluated on many different elements. However with all of these perks, it’s apparent that, when you qualify, it is a great choice.

      These can be a bit of tough. The Arizona USDA residence loan can be an excellent choice for the hopeful residence purchaser however it comes with fairly tight specs and lots of necessities that restrict who can qualify. The most important one is that you just can’t buy a house with an Arizona USDA residence loan in an space

that isn’t thought-about rural. The USDA has sure tips that spell out what is taken into account a rural space. If you’re , there’s a full map that tells you what areas are allowed to be used alongside the loan. And it’s possible you’ll be shocked in any respect the appropriate shade coloured in on that map. Some areas near Tucson are even thought-about rural. You should not have to decide to farming or ranching to obtain a USDA residence loan.


      Sadly, the restrictions don’t cease with location. If you end up being evaluated for an Arizona USDA residence loan, they may have a look at your earnings stage. As a result of this loan is meant for these in a decrease earnings bracket, you’ll be denied when you make over 115% of the typical earnings of the specified county. Don’t despair, nonetheless, as a result of many banks will assist level out some deductions that will decrease you to only the correct quantity. For instance, being thought-about a pupil will be a deduction. However keep in mind that every one incomes of the house will be thought-about.

      It’s nonetheless extremely very important to recollect is that even in case you are underneath the required restrict of 115% of the median county’s earnings is that the Arizona USDA Home loan remains to be a loan, and the financial institution may be very involved in your potential to pay it again. Most individuals should be capable of present their funds for the final two years, show that they’ve a great historical past of paying payments on time and have a present regular earnings with good prospects. It could appear daunting, however bear in mind that you’ve got an exquisite alternative to purchase your dream residence. Like most goals, it simply takes a while.

      One final requirement for the Arizona USDA Home Mortgage is that the home your buy should develop into a house. This isn’t a loan for these involved in funding alternatives. Even whether it is only for a property, you should be capable of show your intentions of constructing a house that you just plan to reside in.

Why is the Arizona USDA Home Mortgage such a great alternative?

When making such an necessary choice, it isn’t un heard of to need a bit of background on the Arizona USDA Home Mortgage. He truth of the matter is that the USA Division of Agriculture needs to make dwelling in rural areas extra interesting to extra folks. Meaning extra stability and enchancment in folks’s lives. That’s how the Arizona USDA Home Mortgage happened. They supply a loan for many who would wish to personal a house however want extra help than they’re at the moment getting, or would be capable of get, from a financial institution. The USDA residence loan is definitely a authorities insured loan, that means that the precise money will come from the financial institution. However the authorities can pay the financial institution the money again if one thing goes mistaken. Most banks would not dream of providing such an excellent deal on a loan, just because it’s too dangerous to their backside line. That’s the reason they banks are capable of provide the superb advantages, one thing that will be a bit of too dangerous for them in any other case.

I have so many extra questions. How can I actually make certain that is the appropriate loan for me? How can I know if I may even be accepted?

There are various people who find themselves simply ready that will help you along with your questions! Some nice locations to search for them are the banks themselves, in addition to USDA workplaces all through the world. Not all banks or businesses offer the Arizona USDA Home Loan, but plenty do!  Reap the benefits of all this nice info and are available one step nearer to fulfilling your dream of being a house proprietor within the nice state of Arizona! 


Arizona Home Loan

Dennis Dahlberg
Dealer/RI/CEO/MLO
Level 4 Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917
www.setabay.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112
Phoenix AZ 85027


Do You Need an USDA Home Loan?

FHA and USDA Home Loan
Texas Home Mortgage FHA USDA Specialists
Questioning what you’ll want to do to get your life again on monitor? Issues have been hard in the course of the collapse of the economic system and undoubtedly all of us perceive that. Properly, perhaps all people besides the banks. That’s why there’s USDA Home Loans Texas to the rescue.
For those who tried to get a standard loan and failed, it’s possible you’ll be enthusiastic about your different choices. Banks are robust cookies however you will have heard about USDA Home Loans Texas and we need to inform you a bit bit extra about them so that you get a greater understanding of what you are able to do along with your choices.
For one, the necessities are comparatively easy for USDA Home Loans Texas. There’s no want to leap by means of hoops as a result of every part could be very lower and dry.
Texas Home Loan
Texas Mortgage Dealer Home Mortgage
The time period ‘rural’ is commonly used when describing USDA Home Loans Texas and whereas that is vital to notice, the time period ‘rural’ is now additionally outlined in such a manner that many individuals can profit from USDA Home Loans Texas.
Furthermore, don’t fear about your credit score rating on the subject of discovering USDA Home Loans Texas for your loved ones. You can have low credit score or low credit and you should still qualify in your USDA Home Mortgage Texas. You should even be over eighteen and a citizen or authorized alien of america.
When occasions are robust, you don’t should suppose that that is it. There are methods round it and methods to make a distinction in your life and making use of for USDA Home Loans Texas is one in every of them. Take coronary heart that the normal financial institution loan may not give you the results you want, however an USDA Home Mortgage Texas simply may be the ticket you might be in search of to a greater life for you and your loved ones.
Texas Mortgage Broker
Texas Mortgage Dealer Staff, investing in trust deeds Texas
Dennis Dahlberg
Dealer/RI/CEO/MLO
Degree four Funding LLC
Tel:  (512)-516-1177 Austin Texas | Fax: (888) 279-6917
www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
111 Congress Ave Suite 400
Austin 

Are You New to USDA Home Loans Arizona?

Arizona Mortgage Broker
Arizona Mortgage Dealer Crew, investing in trust deeds Arizona
Everyone knows that the financial system made lots of people sad. It trickled down from the very high to the very backside and a variety of households went by means of hardships they’d no management over by any means. These households felt like they’d nowhere to flip, however there’s a manner out of the scenario. Households can look into USDA Home Loans Arizona as a result of they may be simply the factor to get your loved ones again on observe throughout these hard instances.
Are you new to the concept of USDA Home Loans Arizona? Allow us to provide you with a fast rundown of the belongings you want to know and what you need to anticipate whenever you apply for the USDA Home Mortgage Arizona that may make it easier to flip your life round.

The unique intention for an USDA Home Loans Arizona was the agricultural households could be the one ones to use it. Whereas that’s true, the definition of ‘rural’ has some variations that might work in your favor, so don’t postpone the USDA Home Mortgage Arizona straight away. It might nonetheless apply to you.

Furthermore, take into consideration how your earnings varies. You want to have no less than some earnings so as to be eligible for an USDA Home Mortgage Arizona however you don’t have to match any form of conventional necessities. For instance, having a great credit score rating isn’t one thing you want to fear about when making use of for USDA Home Loans Arizona.

You can get again on observe with USDA Home Loans Arizona.

Don’t put it off. Take into consideration the form of life you need to dwell and the way an USDA Home Mortgage Arizona may help you reside it. Put the standard loan necessities out of your head and take into consideration some different routes to make your life just a little bit simpler. 
Arizona Home Loan
Mortgage Officer Stage four Funding
Dennis Dahlberg
Dealer/RI/CEO/MLO
Stage four Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917
www.setabay.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112
Phoenix AZ 85027

Get Back on Track with USDA Home Loans Arizona

Mortgage Broker Arizona
Mans Finest Pal The Arizona Mortgage Dealer
When the financial system took a nosedive, did it take you with it? That was a standard theme for current households who now need to relocate however don’t have the funding. We can assist you! USDA Home Loans Arizona could be simply what you’ll want to get your life again on observe, this assuming you meet the necessities. Let’s have a look to see what a few of them are.

For one, you need to be rural, however know that the time period ‘rural’ is usually outlined loosely for an USDA Home Loan Arizona that means you can be accommodated even in the event you don’t match that conventional level.

A second requirement is that you should have an earnings. The quantity wanted varies by state and household measurement and changes are sometimes made for disabilities and different elements, however the reality nonetheless stays that an earnings is important.
A 3rd requirement is that you just should be not less than 18 years of age and a US citizen or certified alien. Moreover, what’s nice in regards to the USDA Home Mortgage Arizona is that not like your conventional mortgages, there isn’t any down cost required.
Arizona Home Loan
Arizona Home Mortgage
With these info in hand, you need to be able to embrace USDA Home Loans Arizona. This might very nicely be a beautiful factor that occurs for you and your loved ones and lets you get on with the type of life you had earlier than the financial system went dangerous. You may even nonetheless qualify in case you have low credit score or poor credit, so there’s no purpose to shrink back from making use of for an USDA Home Mortgage Arizona. The time could possibly be now to start out your life over! Look into an USDA Home Loan Arizona and start to use for the loan that would repair your issues and get you the home you need earlier than you ever thought attainable.

Get Back on Track with USDA Home Loans Arizona

Arizona Mortgage Broker
Arizona Home Mortgage
Dennis Dahlberg
Dealer/RI/CEO/MLO
Stage four Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917
www.setabay.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112
Phoenix AZ 85027

Do You Know What an USDA Home Loan Is?

Texas Home Loan
Texas Mortgage Dealer Home Loan
Are you searching for change? The form of change that solely comes with a giant transfer to a smaller city? Then it is likely to be time so that you can look into USDA Home Loans Texas. This can be a nice time to look into what you may do for your loved ones even if you happen to could not have the form of credit score rating that may ever get you factors at a standard financial institution.
However why would you want an USDA Home Loan Texas? Are you fascinated by relocating or transferring to a smaller neck of the woods? Whereas USDA Home Loans Texas used to imply rural, ‘rural’ itself has had a little bit of a definition change by the USDA, so you’ll be able to nonetheless dwell in a terrific space of your alternative.
USDA Home Loans Texas are the proper approach to get the house that you just and your loved ones can develop previous in for many years with out, sorry for the pun, breaking the financial institution. That’s as a result of USDA Home Loans Texas are particularly made for individuals who have a troublesome time getting the funding that they want. Nonetheless, if you happen to even barely qualify for an USDA Home Loan Texas, then you’re going to get all the advantages that comes with it, similar to no worries in the case of having poor credit.
Furthermore, you don’t need to have a down fee together with your USDA Home Loan Texas as a result of the company is all about serving to individuals, so you will note quite a lot of perks in the case of getting your USDA Home Loan Texas. You will discover there’s a lot much less to fret about than there could be if you happen to went by a standard financial institution loan system.

Have some religion and have a look into USDA Home Loans Texas on your new relocation and also you may see there’s a world of potentialities on the market for you that you could benefit from.

Texas Home Loan
Loan Officer Stage four Funding
Dennis Dahlberg
Dealer/RI/CEO/MLO
Stage four Funding LLC
Tel:  (512)-516-1177 Austin Texas | Fax: (888) 279-6917
www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
111 Congress Ave Suite 400
Austin TX 78701

What is a Arizona USDA Home Loan?

Are you aware what sort of loan would possibly make you’re feeling probably the most at dwelling in your new home? It’s time to begin asking questions on USDA Home Loans Arizona.

Are you aware what USDA Home Loans

Arizona are? Let’s take a good look!

For one, USDA Home Loans Arizona are there that will help you get the house you need in a new space exterior of the town. This doesn’t imply shifting away from civilization, it would means shifting to a quieter a part of the town. This system started in 1991 as a means to assist households as they moved from the town to quieter places and now it is getting used to assist households in a lot
FHA and USDA Home Loan
Arizona Home Mortgage FHA USDA Specialists
the identical means, although not too long ago the definition of rural modified to incorporate bigger areas.
Moreover USDA Home Loans Arizona don’t require you to have the credit score rating that the majority conventional financial institution loans require you to have. That’s as a result of USDA Home Loans Arizona are right here to assist folks, not like most financial institution loans for mortgages that actually crack down on eligibility as a result of banks are at all times afraid to lend money to those that want it to probably the most to be able to assist them out monetarily in addition to assist them construct credit score. That’s not a downside with USDA Home Loans Arizona.

Furthermore, notice that your down fee is not required whenever you qualify on your USDA Home Loans Arizona.

This makes for a a lot simpler buying expertise. Take into account the alternatives that await you whenever you hunt down an USDA Home Loans Arizona. You could possibly get the house you at all times wished at a fee you possibly can love. Don’t hesitate to make the change to a non-traditional loan at present and get into the home you need quicker than you ever thought potential.
Arizona Home Loan Team
Arizona Home Mortgage, Mortgage Dealer
Dennis Dahlberg
Dealer/RI/CEO/MLO
Degree four Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917
www.setabay.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112
Phoenix AZ 85027