Structuring Debt
Debt can be structured in a wide variety of ways, and we cover them in detail in the ebook. Loans can be long term or short term; secured, unsecured or partially secured; fixed or variable rate (or some combination); and that’s just the beginning. There’s a whole smorgasbord of terms and conditions that might be applied to your loan. Which you choose (or wind up with) is a function of the loan’s purpose, your financial situation, and your lender’s preferences and guidelines.
Did you know that lenders can include a few months to a year of interest-only payments in a loan agreement? That can really help you cash flow, but don’t expect them to offer it. It’s just one of the things we suggest that you ask for when you’re structuring a loan.
We also look at:
What Kind of Loans Are Available / Appropriate?
Term loans
Lines of Credit
Temporary Lines of Credit
Revolving Lines of Credit
Undisclosed Lines of Credit
Swing Loans
Real Estate Purchase Loans
Construction Loans
How Long A Term Can You (Should You) Expect?
How Much Will It Cost?
Interest Rates
Caps and Floors
Loan Fees
Compensating Balances
Relationship Profitability
Prepayment Penalties
Other Penalty Fees
Negotiating Rates and Fees
Business Characteristics That Affect rates
Collateral / Security Structure
Blanket Liens vs. Specific Liens
Advance Formulas / Collateral Monitoring
Guarantees
Covenants and Conditions
If that all sounds too technical don’t worry. In the Finding Money ebook we wave you past the details that only matter in certain circumstances, and walk you through the rest so you know what your options are. So if you’re going to go after a loan, how do you find a lender? Keep reading.
