The Web Lender - International Business Loan Broker
Business Loans - Business Loans Worldwide
Does The Web Lender Guarantee That My Business Loan Application Will Be Approved
It is absolutely illegal to give a written or verbal guarantee and borrowers who ask for one will have their loan application rejected.
Our Assessment Division, comprising a fully staffed team of finance and lending professionals, will assess your approvability upon reviewing your loan application and Executive Summary.
The Web Lender works exclusively with borrowers whose likelihood of approval is better than 90%.
Why Are Advance Assessment Costs Required With The Business Loan Application
In every successful business relationship there needs to be a measure of mutual respect from both client and professional, which means a binding contractual relationship with due and valuable costs to be met.
Borrowers seeking to arrange a loan and expect a professional to work on a contingency basis means that their particular transaction is unbankable which is why they seek a broker to do the work.
Furthermore, if a deal is unbankable through traditional sources it also means there is a higher degree of risk involved and greater effort and greater resource level need to be expended to attract lenders.
Borrowers seeking to arrange a loan and expect The Web Lender to work on a contingency basis, will find their loan applications automatically declined. The Web Lender cannot and will not work this way as our time is valuable.
The advance payment of assessment costs is the accepted method of doing business in the lending industry. The Web Lender’s assessment costs are paid in euros and charged for work required to perform all of the necessary searches, serviceability, calculations, collation of information analysis and an analysis of the business’s records and financial affairs to determine it’s loanworthiness.
Assessment costs are based on a complete assessment of loan viability.
Are There Any Other Costs Are Involved In Obtaining A Business Loan
Yes Each lender has costs for the preparation of a business loan some of which are negotiable, some are non-negotiable, and some can be built into the loan.
Does The Web Lender Provide References
Yes Please be aware that our clients are bound under confidentiality. Limited permission has been granted to waive certain aspects of the confidentiality agreement.
When the loan was done, for how much, who was the lender, and any of the loan terms will not be disclosed.
Does The Web Lender Broker Loans For Startups and New Business Projects
Yes - all legal business types and all business loan applications are considered.
What Rates Of Interest Can I Expect For A Business Loan
If a business loan involves higher risk, interest rate will be higher and if the loan is low risk, interest rate will be comparatively lower. Lenders will assess interest on a loan based upon the prime rate set by the Federal Reserve Bank, (USA borrowers only), the recipient’s credit history, the presence of collateral, the political climate, and the venture’s risk.
What Types Of Collateral Are Acceptable And Unacceptable For A Business Loan
Acceptable: bankable assets, cash, land and commercial buildings that are owned free and clear of bank liens, stocks and/or bonds, a bank issued SBLC, gold, fine/rare art, inventory, and sales warranties.
Unacceptable: diamonds, antiques, future earnings, a percentage of your company, your home, your car, pensions and life insurance policies, patents, tax returns, tax credits, anything that does not belong to you, anything that you want to buy using the loan money to buy it, being a nice person, and goodwill.
Without Collateral Will I Qualify For A Business Loan
Highly unlikely When applying for a business loan, it’s helpful to the lender, and facilitates consideration of the proposal, if you as the borrower provide thorough information about the assets to be offered as collateral. This data helps the lender to assess the adequacy of the collateral and to evaluate your overall desire to secure the loan.
Be aware that there may be significant differences between the lender’s impression of the value of the collateral and your own. Lenders discount the market or cost values of collateral assets when determining the adequacy of the collateral for the requested loan. This discount is necessary, since the lender has to maintain a safety margin to cover the possibility that liquidation costs could arise. Lenders can, at times be too conservative in determining the valuation of specific collateral assets.
How Much Collateral Is Required To Obtain A Business Loan
Lenders want borrowers to take some risk. Since each business loan is different the answer to this question is that there is no precise answer. The more collateral given results in better loan terms.
Between 10%-15% of the loan amount is commonplace but these amounts vary between lenders and should not be considered definative.
What Is The Difference Between Collateral and Downpayment
Collateral - Collateral is something of value that is pledged as security to ensure the payment of a debt. Collateral is promised to a lender until a loan is repaid. If a borrower defaults, the lender has the right by law, to seize the collateral.
Downpayment - is a cash payment made when purchasing a loan.
Does The Web Lender Broker Loans In All Currencies
We broker loans in US dollars and Euros - minimum loan amount 5,000,000
Does The Web Lender Work With Other Bank Instruments
Yes Lease SBLC, BG, MTN Lease, and Securities
SBLC (Standby Letters of Credit) Financing can offer individuals and corporations Leased Instruments. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options.
Does The Web Lender Co-Broke Business Loan Application
No We work directly with principals. Lenders are uneasy working with a chain of brokers. Business loan applications received from non Web Lender representatives will be rejected.
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What happens If I Do Not Repay My Business Loan
In the event that you fail to pay back your loan, the lender will seize the assets that you used as collateral. Either by auction or direct sale, your assets will be sold and the proceeds will be applied to your loan balance. Additional legal action may and probably will be brought against you.
Does The Web Lender Broker Loans Worldwide
Yes with the following exceptions: The Web Lender does not conduct business in India, Turkey, Bangladesh, Iraq, Iran, Haiti, Uzbekistan, Nepal, Georgia, Columbia, The Philippines, Sri Lanka, Myanmar, Afghanistan, Pakistan, North Korea, Cuba, Venezuela, all Arab states, Russia, and the African continent.
