You can get SBA (modest small business administration) loans via independent SBA mortgage companies which are branched off in the federal govt. Loans between $25,000 and $50,000 – base rate plus 3.25 percent or base rate plus 3.75 percent. As the lender would naturally like to ensure that the borrower has the capacity to pay back the borrowed money, the borrowers need to fulfill some very strict prerequisites for availing the loans.
Carders: It is a term used for criminals that steal, sell, or try to gain illegal access to information related to credit or debit card accounts of other individuals. The lenders in the Preferred Lender Program (PLP) have been identified by the SBA as the most successful lending institutions.
Certified lenders account for about 4 percent of all SBA business-loan guarantees. The entrepreneurs need to have a workable business plan and meet the required basic criteria to avail the loan or grant from SBA supported institutions. A ‘credit grantor’ is a person or business entity that lends money or grants credit transactions to a credit receiver.
Prepaid Cards: A type of payment card, which can be used for making purchases and payments against the money that has already been deposited by the issuer. If you qualify for a VA home loan, the organization acts as the guarantor, making it easy to obtain flexible loan terms from lenders.
And like the federal government, many states have set up technical assistance centers and Web sites to provide information to potential suppliers as well as small business set aside programs. In the case of late payment, the credit card issuer usually charges a high interest rate on the outstanding balance, which is generally known as the ‘default rate’ or ‘penalty rate’.