Identity Verified Thinker in Business
Adam Torkildson
Adam Torkildson
I am a marketer with a passion for online lead generation for all categories of business. Loans, marketing, seo, internet, etc.


Feb. 29, 2012 5:02 pm
Whether your business is involved in over the road trucking, hot shots or in the oil and gas industry, we would like to visit with you about your options. Choosing the right lender for your needs is critical. You need to find a lender who understands your industry and the unique risks and benefits that come with it. Lenders who are comfortable with your industry will make sure they get you a loan...  Read More
Feb. 22, 2012 2:06 pm
FF&E (Fixtures, Furniture, and Equipment) loans are available through various sources. The source that will be most appropriate for you will depend on the timeline of your request and the size of the down payment you want. There are other factors to consider; however, these two factors will determine which source will be a better for your borrowing need. The two channels for financing FF&E are...  Read More
Feb. 21, 2012 2:51 pm
Purchasing an existing business can be a great way to dive into the business world. Starting businesses from scratch are much more difficult to finance because so many things are not proven. The unknown risks are difficult for any lender to overcome. For this reason franchising, licensing and purchasing businesses that are already in operation are a great way to help lenders get comfortable...  Read More
Feb. 17, 2012 11:32 am
Commercial lenders expect you to have a stake in any loan request. SBA guaranteed loans will allow borrowers to put down payments as little as 10%-15% toward their projects; but, traditional sources will require as little as 20%-50% a a down payment. It is important to be prepared to put your "skin" in the game, otherwise commercial lenders will not consider your loan request valid. 100%...  Read More
Feb. 13, 2012 11:54 am
Your business loan for investment property can be very different depending on the type of investment property you own. I have had rates fixed in the low 4% range on multifamily property loans. Office buildings tend to have lower LTV's than other investor property types. Some lenders will offer non-recourse loans to retail centers and other property types that have strong tenants and rent rolls. ...  Read More
Feb. 10, 2012 11:47 am
Do you need to renovate your building? Is your franchisor requiring you to update your location? Do you have some immediate repairs that are needed? If so, you are a prime candidate for a commercial renovation loan. There are a few ways you can put a loan like this together. It really depends on what your business has to offer a lender. Traditionally lenders will refinance any mortgage that may...  Read More
Feb. 9, 2012 3:43 pm
It is extremely difficult to get the "real" story from some borrowers. At times I feel that if I haven't asked the right questions then I'll never really know the full story. When I deal with borrowers like this I am always on my guard. It's as if I expect to uncover something I don't want to find at the next turn. This is an awful way to build a commercial lending relationship. Lenders feel the...  Read More
Feb. 7, 2012 11:27 am
One thing that makes commercial lenders mad is when their time is wasted. In an effort to shop for best rates and terms, borrowers will unintentionally waste the time of loan officers, brokers, and lenders. It is important to be professional as you strive to put together your loan request. Your reputation and character are important qualities to your loan request. Some lenders are more forgiving...  Read More
Feb. 1, 2012 6:38 pm
Commercial Loan Packaging Tip: Have a polished and prepared presentation for your banker. Most borrowers don't have all the documents together before introducing their loan to a banker. Most borrowers don't have their project costs or other details pinned down before visiting with their lender. Some changes are considered "not material" to a lender meaning the changes are not significant enough...  Read More
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