ReleaseWire

The cost of money and the return on invested capital are the most important factors that influence the success of any business. The reason why interest costs are so low, what to expect and the action to take are critical in these unusual economic times.

MIDsource offers HIGH RISK MERCHANT PROCESSING for a wide range of industries. With an extensive network and banking relationships domestically and internationally, we pride ourselves in our ability to obtain direct merchant accounts (MIDS) and aggregation solutions for high risk merchants worldwide.

Selectcommercial.com announced on Thursday, January 3rd, 2013, that it originated a $986,000 loan for the refinance a auto repair center located in Delray Beach, FL.

Selectcommercial.com announced on Thursday, December 13th, 2012, that it originated a $925,000 loan for the refinance an Apartment/Office Building located in Newark, NJ.

Selectcommercial.com announced on Thursday, December 13th, 2012, that it originated a $795,000 loan for the refinance a strip mall located in Arcata, CA.

There is a lot of hype on TV and in the news from people who have no knowledge about the economics involved and the timing and gravity of the situation. It makes good headlines and captivates audiences but it really doesn't amount to much. It is not even a slippery slope said Victor Weintraub, noted economist and President of First Charter Financial Corporation.

Now is the best time to refinance commercial Real Property. The opportunity to save very important money is here now and it will not last forever. Wise property owners will take advantage of the historically low interest rates that are available today. There is the opportunity to have real cost savings for the next ten years by refinancing into a new fixed rate mortgage now.

Accountable Capital Corp. is online and offering small business owners a way to get capital funding in this difficult economy. The owners of the company are experienced in providing capital funding and understand that even if a business is successful, there are times when that business needs additional funds. They founded their company and its website to let businesses know that even after the bank has turned them down and government options have run dry there is a solution to funding. That solution is Accountable Capital.

Managing personal finances can be a difficult task, especially during an economic crisis. If financial difficulties arrive and individuals are unable to cope with them, they may find themselves in a database called ChexSystems.

PaydayLoans has speeded up its payday loan application process carried out via the company’s website. Today the company offers 1 hour payday loans via PaydayLoans@ website because the growing quantity of American customers apply for the service to remain ahead of their charges in the current difficult financial times. In spite of the efforts some households may still find themselves unable to pay on bills in some cases or even face unpredicted situations which require financial support. In such cases people typically use reliable providers of loans online which might help to acquire additional cash despite having bad credit.

Selectcommercial.com announced on Monday, August 20th, 2012, that it originated a $750,000 loan for the refinance an Office Building located in Fenton, MI.

Selectcommercial.com Provides funding for self-storage Loan for a $710,000 commercial property located in Madison, AL.

Europe On The Brink. The biggest risk to the global commercial banking sector remains the European crisis, with the worst-case scenario of a euro bloc breakup looming large in the background, and the health of the global banking sector hanging in the balance. Our core global economic view is that the world is not about to enter a double-dip recession, but that weak ongoing growth leaves the global economy fragile, and thus susceptible to a major shock. A disorderly eurozone breakup would have devastating consequences for core eurozone banks, given their exposure to peripheral eurozone debt. Furthermore, with sovereign bond spreads soaring, commercial banks exposed to European debt are seeing their balance sheets erode, with the effect compounded by a weak economy hurting lending conditions. The market is discounting a negative outcome for bank asset value, with European and US bank shares trading well below book value. We stress that our core scenario for the eurozone is one of 'muddle through' rather than 'meltdown'. Furthermore, the exact path of events in the eurozone is difficult to predict, with potential outcomes including a full breakup of the monetary union, to austerity-induced recession, to European Central Bank support for the banking sector. However, it is worth looking at the potential contagion risks from a European financial crisis. Looking at the commercial banking universe covered by BMI, direct exposure to the weakest links in the eurozone is fairly limited, and is (unsurprisingly) most prevalent in European states. We are also acutely aware of the potential for contagion from a European financial crisis into emerging markets. However, looking at the data, emerging market exposure is mainly concentrated in Emerging Europe, as one would expect given the significant degree of banking sector integration across the continent over the past two decades. Furthermore, emerging markets tend to be exposed to the European banking sector on the liabilities side, far more than on the assets side (in other words, they are in danger of having European banks pulling lending from their economies). The following chart shows European banks' lending as a percentage of the destination country's GDP. Unsurprisingly, major financial centres figure prominently (eg Hong Kong, Singapore and the UK), as do emerging European economies. The accompanying chart draws upon Bank for International Settlements (BIS) data, and shows crossborder bank lending to the 'PIIGS'(Portugal, Ireland, Italy, Greece and Spain) as a percentage of commercial banking sectors' total foreign lending exposure. Here, core eurozone banking sectors including Germany and France's, and major developed markets such as the UK, are heavily exposed.

Banking Sector Stability Assured, Headwinds Remain BMI View: While French banks' exposure to peripheral eurozone sovereign debt will remain a major headwind to growth over the medium term, we note that the breakthrough in negotiations between European policymakers in stabilizing the eurozone's sovereign debt crisis has bolstered overall stability in the banking sector. This has been evident in the massive uptick in banks' share prices witnessed in trading on October 27 2011 (see chart below). Highlights of the emergency summit agreements include a voluntary 50% haircut on Greek debt by creditors and the raising of EUR106bn of fresh capital for euro area banks with guarantees for bank bonds. While details surrounding many of the proposals outlined at the emergency summit remain lacking, there is certainly potential for French banks' share prices to perform well going forward, particularly given the extent to which the major financials had sold off in the months prior leading to many trading well below book value (see our online service, October 27 2011, 'Meltdown Scenario Averted: Relief Rally Has Room To Run'). French banks will now need to focus on building their capital base over the medium term; they have been shown to need to raise only EUR8.8bn out of the total EUR106bn in order to meet tier one capital requirements set by the European Banking Authority (EBA). In particular, BNP Paribas, Societe Generale and Groupe BPCE reportedly need to raise EUR2.1bn, EUR3.3bn and EUR2.1bn respectively.

Merchant services and payment processing firm PaymentMax has launched a new work-from-home program. PaymentMax is actively seeking full- and part-time merchant services independent sales office (ISO) agents to support the company's high service standards as the customer base expands. Established in 2004, PaymentMax has been growing steadily, building its reputation on unique offerings like 24/7 customer service, single-statement accounting, next-day funding, and iPhone processing.

Selectcommercial.com announced on Tuesday, March 6th, 2012, that it originated a $1,341,000 loan for the refinance and construction of Arlen Oasis Apartments, a 60 unit Apartment Building located at 4510 Arlen Street, El Paso, TX.

Selectcommercial.com announced on Tuesday, March, 6th, 2012, that it originated a $2,600,000 loan for the refinance of Summit Breckenridge Apartments, a 107 unit Apartment Building located at 1005-1125 Glen Place, Duluth, MN.

Selectcommercial.com announced on Tuesday, March, 6th, 2012, that it originated a $3,000,000 loan for the refinance high rate debt of Park Athmar Apartments, a 84 unit Apartment Building located at 1065-1095 South Quivas St., Denver, CO.

Selectcommercial.com announced on Monday, March 5th, 2012 that it originated a $1.6 million dollar loan for the refinance of a commercial property, an Apartment Building located at 6323 Luzon Avenue NW, Washington DC

Selectcommercial.com announced on Monday, March 5th, 2012 that it originated a $600,000 loan for the refinance of a commercial property, a Retail Store and Warehouse located at 1401 Willingham Drive, Eastpoint GA

Selectcommercial.com provides funding for a Special Use Property Loan for a $3,525,000 commercial property located at 400 Brock Rd in Raeford, NC

ACI recently closed $16,100,000 construction financing for a $20,000,000 total project cost, 120-bed Assisted Living Facility / Memory Care development in Ocala, Florida. The total financing of $16,100,000 was comprised of $13,600,000 construction debt financing as well as $2,500,000 in mezzanine financing.

On January 3, 2012 ACI closed $26,040,000 construction financing for a student housing development in San Diego, CA. The $40,000,000 student housing development is being built adjacent to San Diego State University and expected to be complete by mid 2013.

Select Commercial Funding LLC announced on Tuesday January 31st, 2012 that it originated a $702,000 loan for the refinance of an Apartment Building located at 425 N. Highland Ave., Atlanta GA.

Select Commercial Funding LLC announced on Thursday, January 12th, 2012 that it originated a $1,877,000 loan for the purchase of a Sports Bar/Nightclub facility located at 540 Athens Highway, Loganville GA.