FinanceAdvisor

The first thrill about starting a new enterprise is seeing the name of your creation on a business card. You want to hand them out to everyone you see — friends, family, the kid who bags your groceries. Soon after you’ve registered your trade name, the credit card offers start cluttering your mailbox. It’s flattering at first. continued…

Credit cards are fixtures in society today. What started out as a means of convenient payment when ready cash was unavailable has now evolved into a staple means of paying for almost anything in modern times. Whether it’s the monthly house bills or the groceries, or a new sound system or car, credit cards have become widely accepted as a primary mode of payment in almost every possible financial transaction. continued…

Business credit cards are something that most business owners need to have. There are business trips and expenses to pay for. There are meals to cover and costs for rewards for good employees. To handle all of these needs, the right credit card should be in hand. Yet, if you are choosing credit cards simply based upon advertisements that you receive in the mail you may be missing out on some of the best card options out there. continued…

Unsecured loans are loans that are not guaranteed with any asset, so that the risk of repossession does not exist. Though the lender can still take legal action in order to recover the money, such a legal process would be significantly longer and more expensive than with secured loans. continued…

Subordinated debt, also known as junior debt, is a finance term to describe debt that is unsecured or has a lesser priority than that of an additional debt claim on the same asset. This means that if the party that issued the debt defaults on it, people holding subordinated debt get paid after the holders of the “senior debt”. continued…

A Second Lien Loan is a simple loan with a subordinated security (finance) structure or no security at all (unsecured debt), meaning that the borrower grants another provider of a finance instrument (eg. senior loan) priority over settlement of owed monies in case of an event of default. continued…

Notes payable is a balance sheet term referring to a company’s outstanding bank loans. continued…

A non-conforming loan is a loan that fails to meet bank criteria for funding.

Reasons include the loan amount is higher than the conforming loan limit (for mortgage loans), lack of sufficient credit, the unorthodox nature of the use of funds, or the collateral backing it. continued…

NamasteDirect, a project of the Namaste Foundation, is a microcredit non-profit organization based out of San Francisco, California. continued…

Microcredit is the extension of very small loans to the unemployed, to poor entrepreneurs and to others living in poverty who are not bankable. These individuals lack collateral, steady employment and a verifiable credit history and therefore cannot meet even the most minimum qualifications to gain access to traditional credit. continued…