Charles Bradford

Industry News: Massachusetts credit union active in small biz lending eyes CT expansion Holyoke Credit Union has filed an application with the state Department of Banking seeking approval to expand its membership field into Hartford County. The credit union’s current membership covers people who live, work or attend school in Hampden and Hampshire counties, in Massachusetts. It is now seeking permission to expand into Hartford County in Connecticut as well as Franklin, Berkshire and Worcester counties in Massachusetts. As of June 30, Holyoke Credit Union reported $285.1 million in assets and 22,788 members, according to the National Credit Union Administration. It has three branches, including one in West Springfield. ————————————————— 💥Over 16 MILLION Square Feet Represented💥 ✅Visit https://lnkd.in/gKX9JcPy for exciting new property listings! ————————————————— #realestate #newenglandretail #property #forsale #retail #realestateinvesting #business #broker #realestatenews #properties #investor #investmentproperty #connecticut #nerp #newengland #connecticutnews #newenglandrealestatenews

Electric cooperative financial strategies include operating cash flows, cash reserves, debt, and customer equity investments in the co-op, which are called patronage capital. https://lnkd.in/gKeViuzs What is patronage capital, and how can your cooperative establish a financial strategy that has a long-term balance of cash reserves, debt, and member equity. We discuss proven policies.

In today's competitive environment, effectively managing debt is crucial for growth. Innovative financing options like business loans and merchant cash advances can help you reduce risks and strengthen your resilience. With customized solutions like SBA loans and equipment financing, your business can flourish while preserving financial independence. Don’t let debt hinder your progress—invest in your potential. Reach out to us today to discover intelligent financing options that fit your objectives! https://lnkd.in/gC3pmR3b #ElevateWithUs #BusinessFunding #BusinessLoans #FastApproval #NoHiddenFees #LowestInterestRate #NoHardCreditPull #VirtueCapitalCo #BusinessGrowth

The BLS Non-Farm Payrolls Establishment Survey reported 272,000 new jobs in May vs a downwardly revised 165,000 in April (175,000 initial release) and expectations of 185,000 new jobs. This shocking beat sent yields higher, immediately erasing nearly 2/3 of the improvement we had enjoyed this week and caused many economists/analysts to shift their forecast for the first rate cut to November from September. ISM Manufacturing PMI revealed a deeper contraction in overall activity (48.7 vs 49.2 previous vs 49.6 expected) and easing price pressures (57 vs 60.9 previous vs 60 expected) along with slumping new orders (45.4 vs 49.1 previous vs 49.4 expected). As a reminder, >50 = expansion, <50 = contraction. On the services side, ISM reported a rebound from contraction in overall activity (53.8 vs 49.4 previous vs 50.8 expected). Prices pressures eased modestly (58.1 vs 59.2 previous vs 59 expected) and new orders expanded (54.1 vs 52.2 previous vs 53.2 expected). Job openings declined 296,000 from the previous month to 8.059 million, the lowest level since Feb 2021 according to the BLS JOLTs survey (Job Openings and Labor Turnover) and the ADP Employment change report missed expectations showing 152,000 workers were added to payrolls vs a downwardly revised 188,000 previous and expectations of 175,000. The number of people claiming unemployment benefits in the US jumped by 8,000 to 229,000 on the week ending June 1st, well above market expectations of 220,000, to record the highest reading since the eight-month high of 232,000 from early May. The Bank of Canada and the European Central Bank both cut rates this week. Whispers say this implies a shift in central bank inflation policy from 2% to a higher number and led the market to anticipate a possible Fed rate cut sooner than previously expected. Those Fed rate cute expectations were immediately erased after Friday’s Jobs report. #mortgage #mortgagerates #news #lending101 #mortgagenews #mortgagebroker #loanofficer #orangecounty #irvine #ocar

SBA Loan Myth Buster: Demystifying the 20% Down Payment Many entrepreneurs believe they need a hefty 20% down payment for an SBA loan. But here's an insider secret: SBA 7(a) loans often require as little as 10% down. Some SBA 504 loans can go as low as 10-15% down. Startups might need 25-30%, but it's still lower than conventional loans. Pro Tip: Strong financials and industry experience can sometimes reduce down payment requirements even further! Want to explore your options? Let's chat about how we can make your business dreams a reality with the right SBA loan strategy.

Making a down payment on a VA loan can help reduce monthly payments and build home equity faster. What should eligible borrowers consider before deciding whether or not to make one?

SBA 7a Loan Down Payment Requirements https://lnkd.in/gpKA3x-a Securing funding for a small business can be challenging, particularly regarding SBA 7(a) loan down payment requirements. These loans typically require lower down payments than standard business loans, often as little as 5% to 10%. This article examines the key factors affecting down payment amounts and offers strategies to qualify for lower initial investments. The information provided helps clarify SBA 7(a) loan down payment processes. Key Takeaways of SBA 7a Loan Down Payment Requirements - SBA 7(a) loans typically require 5-10% down payments, lower than standard business loans. - Standard 7(a) loans offer up to $5 million with 10% down, while Small and Express loans need 10-20% down for up to $500,000. - Factors affecting down payment amounts include credit score, financial history, collateral, and loan use. - Strategies to qualify for lower down payments include improving credit and choosing the right loan type. - Gathering necessary documents and sourcing funds are key steps in preparing for an SBA 7(a) loan down payment. Fuel Your Business Growth with the SBA 7(a) Loan Program: Flexible Funding for Small Businesses! The SBA 7(a) Loan Program is a versatile financing solution designed to meet the diverse needs of small business owners. Whether you need working capital, funds for expansion, or resources to refinance debt, this program provides the support to help your business thrive. The SBA 7(a) Loan is tailored to empower small business owners with the flexibility and funding needed to achieve your goals. Schedule Your SBA 7(a) Loan Consultation Now https://lnkd.in/e8duBvFy #SBA7a #SBA #SBALoan #SBALoans #BusinessLoans #Financing #Lending #WorkingCapital #Credit #Funding #SmallBusiness #SmallBusinesses

SBA 504 Loan Credit Score Requirements: What You Need https://lnkd.in/gc25ZC5D Small business owners often struggle to secure financing for growth and expansion. The SBA 504 loan program offers long-term, fixed-rate financing for major fixed assets. Understanding SBA 504 loan credit score requirements is crucial for successful applications. This article breaks down the credit score expectations and offers tips to improve your chances of approval. Key Takeaways of SBA 504 Loan Credit Score Requirements - SBA 504 loans help small businesses buy fixed assets like real estate and equipment with long-term, fixed-rate financing. - While there’s no set minimum credit score, lenders typically prefer scores in the mid to high 600s for SBA 504 loans. - Good credit can lead to better loan terms, including lower interest rates and longer repayment periods. - Businesses should maintain detailed financial records, pay bills on time, and reduce debt to improve creditworthiness. - Working with a responsive Certified Development Company (CDC) can speed up the loan process and provide valuable local market insights. Invest in Your Business with the SBA 504 Loan Program: Affordable Long-Term Financing for Big Opportunities! The SBA 504 Loan Program is the ultimate solution for small business owners ready to make long-term investments in their growth. Whether you’re planning to purchase commercial real estate, upgrade facilities, or acquire essential equipment, this program offers the tools to achieve your goals with unmatched affordability and flexibility. Unlike traditional loans, SBA 504 Loans focus on helping small business owners invest in their future with terms that prioritize sustainability and growth. Schedule Your SBA 504 Loan Consultation Now https://lnkd.in/e8duBvFy #SBA504 #SBA #SBALoan #SBALoans #BusinessLoans #Financing #Lending #Credit #Funding