Muhammad Saleem
CEO, MSC Brokers Est.Business Loan
A bank loan may be obtained from a bank and may be either secured or unsecured. For secured loans, banks will require collateral, which may be lost if repayments are not made. The bank will probably wish to see the business’s accounts, balance sheet and business plan, as well as studying the principals' credit histories. Many smaller businesses are now however turning towards Alternative Finance Providers, especially in the case of smaller firms.
Loans from credit unions may be referred to as bank loans as well. Business loans from credit unions received the second highest level of satisfaction from borrowers after loans from small banks.
Methods of business loan assessment, monitoring, risk management, and pricing affect the growth and performance of banks and other lenders. They also affect access to finance by would-be borrowers. The types of business financial information on which lenders base their decisions have changed significantly over the years – along with the management of business lending in general.
What Makes Us Different
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You Should Know
Bank Facility
Facilities are financial assistance programs offered by banks and lending institutions to help companies. The main types of facilities are overdraft services, business lines of credit, term loans, and letters of credit. A facility is essentially another name for a loan taken out by a company.
A facility is especially important for companies that want to avoid things such as laying off workers, slowing growth, or closing down during seasonal sales cycles when revenue is low.
Mortgage Finance
A mortgage loan or simply mortgage, in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination.
This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
Audit Services
This function assesses risks and evaluates internal controls of operational systems for departments, units, and functions. Operational audit objectives include determining whether operations are functioning efficiently, effectively, and in accordance with management’s intent. The operational audit function evaluates the use of resources available to the department, unit or function to determine if management’s objectives and goals are being met in the most effective and efficient manner.
Some areas of operational audits include: organizational structure, asset management and security, staffing, and productivity.
Personal Loan
A personal loan is an amount of money you can borrow to use for a variety of purposes. For instance, you may use a personal loan to consolidate debt, pay for home renovations, or plan a dream wedding. Personal loans can be offered by banks, credit unions, or online lenders. The money you borrow must be repaid over time, typically with interest. Some lenders may also charge fees for personal loans.
A personal loan allows you to borrow money to pay for personal expenses and then repay those funds over time. Personal loans are a type of installment debt that allows you to obtain a lump sum of funding.
Business Consultancy
A business consultant is an individual who works closely with business owners and managers to improve operations and efficiency. Business consulting includes helping to identify, address, and overcome obstacles to meeting a company’s goals.
Hiring a business consultant can provide many benefits to a company. Some of the most important include taking advantage of an outside perspective, utilizing insight and expertise picked up from other clients and industries, receiving help creating plans as well as the resources to make them happen, and more.
