Yes! Let me explain if you’re new to the whole business of commercial real estate… Walking into a bank to seek a commercial mortgage loan, the first question any borrower can expect is related to use of the property. “Will this be an owner-occupied or investment property?”
Is an equipment loan the right move? An office full of computers, tractors to work the fields, x-ray machines and dental chairs, outfitting a restaurant or manufacturing plant… equipment is often the most expensive purchase a business will make and a major investment that impacts cash flow for years to come. Naturally, it brings up questions…
Thriving businesses are important-and not just in big cities. Farmers, cooperatives and rural businesses are the lifeblood of our small towns and play a key role in Arizona. Towns like Parker, Yuma, Quartzsite and Goodyear keep the State’s economic health humming along. Did you know Yuma is the winter lettuce capital of the world, according to…
What is a 504 loan, you ask? Here’s the skinny, but don’t forget to consult with an SBA-approved lender to explore its finer points. Also called the Certified Development Company or CDC/504 loan, the Small Business Administration (SBA) 504 loan is a commercial real estate loan used to purchase land with buildings on it, fund new…
Virtually every small business begins its financial life leveraging the founder’s personal credit history and borrowing capacity. Personal credit cards, savings accounts, loans from family or friends… these are common ways to fund a startup. Building a credit history in the name of the business is the next step, often by opening business checking accounts…
Your business has grown, and it might be time to move into your own building. You’ve looked at commercial real estate for sale or lease, but just haven’t found what you’re looking for. The location or size is wrong, its age requires costly remodeling, or some other feature excludes every property you’ve seen. Should you…
When you’re ready for a business loan, a bit of homework beforehand makes the process easier for you and the loan officer. Walking in the door prepared helps them do a better job for you, providing key pieces of information and setting the foundation for a long-term banking relationship. Lack of information results in a…
by Jerry Ernst (As seen in June’s issue of InBusiness magazine.) It’s a common situation. You needed a loan to grow your business and, since banks need a substantial amount of paperwork you didn’t have time to produce, you went with an online loan. The loan application only took about twenty minutes, with minimal fuss and…
LAKE HAVASU CITY, Ariz.—June 13, 2016— To better manage high loan demand at its new Mesa branch, locally owned and operated Horizon Community Bank has appointed Jim Nelson as senior commercial lending manager. Highly accomplished with more than 33 years in the banking industry, Nelson will be responsible for managing commercial lending at the bank’s Mesa…
LAKE HAVASU CITY, Ariz.—May 4, 2016— Arizona small businesses want loans, but are baffled why they are still so difficult to obtain even after the recession is over. When it comes to Arizona’s banking landscape and how it directly impacts local small businesses, an eBook released today by Horizon Community Bank outlines a few key…
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