ReleaseWire

Selectcommercial.com announced on Tuesday, September 17th, 2013, that it originated a $1,140,000 loan for the refinance of an apartment building located in Oklahoma City, OK.

ASB Kiwi Dollar Barometer tracks exporters’ and importers’ exposures to foreign exchange risk reports that businesses expect the NZD to peak against the US dollar in March

South Island regions have surged ahead in the latest Regional Economic Scoreboard with Nelson and Canterbury edging Auckland out of the top two spots.

Applying for a business loan, a business line of credit, or a merchant cash advance these days is slowly starting to become an easier process, thanks to private and alternative business funding sources through business cash advance companies such as, Business Finance Advance LLC. A spokesperson for this merchant cash advance and alternative business loan service business, recently stated, “We have been conducting business within the business loan and merchant cash advance industries for roughly twenty years. While we have witnessed many high’s and low’s within the financial industries, general speaking, we have been able to carefully create specialized business loan programs, merchant loan programs, and other existing business financing alternatives for struggling business owners ranging from small businesses to large corporations. As we understand that small business owners create the majority of new jobs when the economy is bad, we take great pride in helping this particular set of individuals as they are the driving force behind economic recovery”. Considering that most small business owners are very aware that banks are still holding back a substantial amount of credit even with the government offering incentives to major banks to assist small business owners with business loans, small business loans, and working capital loans, many are horrified at the thought of applying for any type of business funding as they are almost certain that they will not get approved. What many business owners are not aware of is that there are many different options for obtaining commercial financing through business loan alternatives such as- - Business cash advances, Merchant cash advances, and Merchant loans - Long term working capital loans and short term working capital loans - Accounts receivable loans, Purchase order loans - ACH loans and Credit card receivable loans - Equipment finance buy backs and equipment equity loans Within these mainstream business financing alternatives, there are numerous options and programs from secured business loans, unsecured business loans, bad credit and poor credit business loans. With the numerous different funding options business owners can take in order to receive the cash they need to be able to run, maintain, and/or grow their business, many are still literally scared away by the thought of the amount of paperwork and substantial collateral normally needed by big financial institutions in order to acquire a business loan or business line of credit. BFAdvance, or Business Finance Advance, created a new proprietary business loan application technology that allows existing business owners to simply fill out a quick form online that assists with matching a particular business’s financial needs to one of their many different alternative business funding programs. Business owners can try their new and proprietary business loan application technology through their VIP section of their merchant cash advance company website at – http://vip.bfadvance.com About Business Finance Advance LLC- BFAdvance, specializes in the business finance and merchant account services industries, and has been doing so successfully for roughly twenty years. Providing their clients with some of the best business funding programs available, affordable merchant account services and merchant cash advance programs, in culmination with their exceptional customer support, along with their particular skill sets and twenty plus years of knowledge for business financial services, they are considered one of the best merchant account services and business loan companies in the industries they thrive in to this very day. For more information on their professional business funding and merchant cash advance services, please contact – Business Loans - Merchant Accounts - Merchant Cash Advances Business Finance Advance LLC http://www.bfadvance.com Call- 1-888-979-3688

ACI secured a Joint Venture arrangement between our client and a third-party investment firm.

Selectcommercial.com announced on Monday, August 12th, 2013, that it originated a $975,000 loan for the purchase of an apartment building located in Queens, NY.

Capital City Bank announces Myles Bradley and Sterling Bryant of its Credit Administration Division, and Ramsay Sims and William Smith III of its Commercial Banking Division have received new officer titles.

The FED Chairman announced a future reduction of bond purchasing and the ultimate ending of Quantitative Easing. An end to excess monetary liquidity. Interest rates surged as stocks fell.

Capital City Bank announces Clayton Jeck has joined its team of bankers at the Inverness Office, located at 1500 North U.S. Highway 41. As a business banker, Clayton is charged with initiating, developing and managing business relationships through the delivery of Bank products and services and ensuring that exceptional client service is upheld.

Being a veteran stock broker and ex-hedge fund manager, I was asked by DWN News to review "Wall Street Exposed" - a system that has been causing uproar among bankers and brokers. Initially I thought it would be a waste of my time, as instinctively I felt it was just another scam. Yet, when I started hearing about the anger and frustration that it was causing my broker friends, I felt there might be more to this system…and here it is: my un-censored wall street exposed review.

Although there are many corporate banks available across the nation, community banks are still the preferred choice of many people looking to protect their assets. Community banks offer their customers many advantages, such as accessibility, familiarity between businesses and clients, and involvement with the community.

The FED has been purchasing $85 billion of debt securities every month, Treasuries and mortgage-backed securities. They had said that this would continue until the rate of unemployment dropped, with a target of 6.5%. Although there has been some slight improvement in the employment situation the current unemployment rate of 7.5% is still a long way from the target. The economy has not been strong. First quarter GDP showed an increase of 2.5%. That was below the 3.5% expected by many economists. That was before the negative drag that will come from the “sequester” spending cuts. My expectation has been for a 2.5% GDP growth for the year. I think that my target will be difficult to achieve.

Selectcommercial.com announced on Friday, May 24th, 2013, that it originated a $750,000 loan for the refinance of an apartment building located in Austin, TX.

Hundreds of leading financial institutions on Linked In have already made 2013 an eventful year for Banker Bay, a Fin-Tech firm that helps investment firms locate suitable opportunities and sell sides find interested sources of capital. Through LinkedIn Groups and a basic test Alpha portal, Banker Bay is already recording serious deal flow from leading financial institutions and corporations, two months prior to its official launch.

Selectcommercial.com announced on Wednesday, April 17th, 2013, that it originated a $950,000 loan for the refinance of an office building located in Illinois.

All of this is happening before there has been any time for the “Sequester” to hit the economy. What this suggests is that the economy is still in difficulty and unemployment will remain in the current range and could get worse.. The “Sequester” will cause job losses ahead. The bond market has reacted positively to this news. The 10 year Treasury, the benchmark for commercial mortgages has fallen to 1.73% as this is being written.

Capital Direct Funding Hard Money has ramped up their direct lending to small businesses as signs of a true economic recovery appear in the overall US economy. The climb out of the hole created by the Great Recession has been long and steep and no segment of the economy was hit harder than the small business community.

Selectcommercial.com announced on Wednesday, March 13th, 2013, that it originated a $1,000,000 loan for the refinance of an apartment building located in Elmhurst, NY.

Selectcommercial.com announced on Wednesday, March 13th, 2013, that it originated a $2,065,000 loan for the refinance of an apartment building located in Chicago, IL.

Last Friday the Labor Department released the Employment Report for February. It was stronger than was expected. Job creations increased by 236,000, better than the 171,000 that was generally expected. The Unemployment Rate declined to 7.7%. There were some revisions to prior months, January down and December up. It was an improving report and there were cheers from Washington and from the financial press. The stock market continued to climb to new highs while the ten-year bond, the benchmark for commercial mortgage interest rates, increased several basis points in yield.

A new online service, which allows merchants to compare different merchant account deals and electronic merchant services such as Point of Sale (POS), is now available to help save merchants money and time. The new online service allows users to quickly compare the prices and services of hundreds of top merchant account providers, to find the best deal for their business.

ChurchLoan.net, a leader in church financing, has developed and launched an online ‘Quick Quote’ tool to allow users to instantaneously receive a loan quote. The free ‘Quick Quote’ tool uses information such as location, loan amount requested, and credit history to allow users to view their church financing options. This new online tool will work in conjunction with ChurchLoan.net’s ‘Live Chat’ feature allowing users to instant message with company representatives. The ‘Quick Quote’ tool can be accessed on the front page of their website.

Bank of North Carolina company Carolina Bank Holdings, Inc. (CLBH) has reported record net income of $7.5 million and earnings per share of $1.85 in 2012. Net income increased 213 percent over 2011.

When a client sends us a loan package we go over the operating statements in detail. Usually we will talk to the client's controller or accountant and have the operating statements restated. Typically we will remove non operating expense items such as depreciation and amortization. We will remove capital items that are being expensed such as leasing commissions and tenant improvements and renovations. These differences occur because accrual accounting tries to reduce income and reduce tax impact. Cash flow accounting tries to establish the maximum funds that are available to service debt. The value of all commercial properties, retail, office, industrial and multifamily comes down to the capitalization of the free cash flow that the property generates.

Selectcommercial.com announced on Monday, January 30th, 2013, that it originated a $1,350,000 loan for the refinance of an apartment building located in Springfield, IL.