Category Useful

What to Consider for Private Money Lending

Sufficient CapitalBegin by ensuring that you have enough funds available to lend. Since many private money borrowers are typically real estate investors, the initial amount you will need can be substantial. Many private money lenders use their personal funds for…

What It Takes to Get an Asset-Backed Loan

An asset-backed loan (ABL) involves securing a loan by using an asset as collateral, such as real estate, vehicles, or equipment. It’s important for prospective borrowers to grasp the process and requirements involved. Securing an asset-backed loan requires diligent preparation,…

What does the FOMC mean?

The FOMC meets eight times a year to assess the state of the economy and determine whether changes in the federal funds rate are needed. This rate is critical because it directly impacts borrowing costs for consumers and businesses, and…