Released on: February 16, 2008, 5:00 pm

Press Release Author: America Unsecured Funding

Industry: Financial

Press Release Summary: There are countless business and personal scenarios where
financing can help open up the doors to unforeseen opportunity. Financing can make
seemingly impossible goals affordable and realistic. When seeking unsecured loan
financing, lender selection is one of the most important considerations for the
potential consumer.

Press Release Body: The availability of a financial lending options today is
unsurpassed---virtually every type of financial solution is now available for
creditworthy customers. However, not each type of lender offers each solution. Most
lenders specialize in only a certain type of loan. In addition to this, lenders vary
greatly in their rates, loan procedures, and even the financial options that they
offer. A consumer must take all of these factors into account when seeking a
financing lender.

The financing lender offers a mortgage, personal or business loan at rates and terms
variant with the customer. Interest rates will vary upon each applicants' individual
credit situation and the amount of money being requested. Rate shopping is a very
important aspect when selecting a lender. A mistake many customers will make,
however, is looking at rates alone. Several other costs can be incorporated into a
loan which must also be calculated. Closing costs, application fees, and pre payment
penalties are all important considerations. A reputable financing lending firm will
never ask for any kind of upfront fee. It' important to make sure that your lender
will not charge you unless your loan request is both approved and funded.

With the possibilities of proper financing, a great business idea can quickly be
transformed into reality; a unsecured small business can expand into a booming
success; larger companies can get the tools they need to innovate and expand into a
new realm of ideas and technology. Business lending is the key to all successful
business ideas. Very few successful companies today could stand where they are
without the opportunities presented by business lending.

Sometimes obtaining business lending can be a daunting process. Many companies
require the loan to be secured. This means that a potential business owner must
scramble to find collateral. Business lending offers small companies the catapult
they need to get started. Someone starting a new business will not yet have any
business assets to provide as collateral. They may then have to yield their personal
home or other hard earned assets as security on the loan. Pre existing business
owners can offer their business assets if they own them. But this produces a great
risk. Owners may choose not to take the chances of starting a new business or
expanding a current one because they are afraid of losing their hard earned
collateral in the event that something goes wrong.

Even when a potential consumer finds a great unsecured business lending plan, often
the application process can be much more than he or she bargained for. Banks and
other finance companies require business plans of varying complication. Some can be
as extremely long and detailed. Many business owners may not even have much of the
information needed to complete the paperwork. The business plan can also limit the
ways in which the consumer may utilize their loan proceeds. Other requirements, such
as tax forms or other documentation, can also hinder the loan process.

Some money lending programs are more common than others. Some basic popular programs
include unsecured personal loans, small business loans, start up loans, and lines of
credit. Mortgages, and car payments are well known products that almost everyone has
first hand experience with. Personal loans are generally unsecured loans. This means
that they do not require collateral-a house, car or other item of value-to be
associated with them. These loans are generally approved on the basis of credit.
Business loans can be essentially the same. Some companies, however, require
business plans and other criteria for approval.

Business start-up loans are loans that are obtained for the purpose of starting a
new business. If an individual has a business idea, and would like to put it into
action but does not have the needed capital, a start up loan is generally the first
step. These loans can be unsecured as well, but this depends on the specific lender.
Its hard lending money to people with no collateral and bad credit at the same time.
Money lending applies to credit cards also, although many people do not realize this
since it is all done electronically. However, every time an item is purchased on
credit, it is like money is being lent for that purchase.

Mortgages, car loans, and home equity lines are all forms of money lending. These
are all large loans that are used for large purchases. When a person makes a car or
mortgage payment, he or she is essentially making a payment on the loan for that
item.

When choosing a loan lender, there are several considerations to take into account.
A reputable firm will never ask for upfront charges. Generally, a good company will
not have any fees unless your loan request is approved and funded. Shopping for
interest rates is a vital part of the loan shopping process. Typically, the interest
rate gets lower as you borrow higher amounts of money. Remember to keep all of your
credit options in mind. Be open minded about new products. You may think you need a
personal loan, but find that a line of credit is far better suited to your needs.
Find a company that simplifies the system. This will minimize chances of error,
misunderstandings, or other misconceptions about your financing. Lastly, read the
fine print. Details about loans are important.

Web Site: http://www.venturecapital.20m.com

Contact Details: America Unsecured Funding
P O Box 60882
Chicago, IL 60660
http://www.venturecapital.20m.com