Here is your issue of BM$ Success Newsletter – the companion newsletter to the website.


This Month’s Featured Business Financial Product:

Commercial Real Estate Loans

The economy is gradually improving and lenders are beginning to actively seek borrowers again. We are please to offer you an excellent source for your commercial mortgages.

What Are Commercial Lenders Criteria?

You will find that most commercial lenders have tightened the underwriting criteria considerably since the 2008 crash. They will require you and the other principals to have a positive credit history even though this may not be the primary consideration for a commercial mortgage. The primary criterion for a commercial loan is the debt service coverage ratio. The debt service coverage ratio is the ratio of revenue available to the loan payment amounts.

You will be expected to invest some portion of your own money into any commercial lending situation, “putting skin in the game”, as it were. The lender will apply a loan-to-value ratio to the amount you will be able to borrow. Generally the loan-to-value ratios for commercial properties are considerably lower than for residential properties. The current financial status of your business, as well as the type of business will have a significant bearing on the terms and amount of loan you will be able to acquire. Some lenders may restrict the use of commercial properties they make loans on. Some types of business may be excluded from consideration for funding altogether.

Since many funding sources specialize in certain kinds of businesses and certain types of properties, you will have to screen various lenders yourself or use a financial intermediary to find the right financing for your business. Apply online now for your commercial loan and save valuable time.

This Month’s Business Survival Tip:

Why You Need A Business Website

A business website was more of a status symbol than a necessity only a few short years ago. This has all changed as more and more of your potential customers rely on the Internet for information. A website address has somewhat replaced the toll free 800 number as the indicator of your creditability. If you don't have a website, your goal should be to get one as soon as possible.

What Are Your Website Options?

There are many options available to you. You first must decide what you want your website to do. The majority of business websites are no more than a brochure just hanging out there somewhere in cyberspace. If you just want a website address to print on your business cards, this may be enough. However, if you want to integrate your website into your brick and mortar business then you want to build a website that will "pull its' weight as a revenue generator. You may want an Internet business where your website is the business. This approach will require a different mindset than if your website is only a support to your brick and mortar business.

Your Budget

You can find website hosting to fit almost any business budget now. There is cheap web hosting for less than $5.00 per month to around $300.00 per month for a dedicated server for your business. You should probably not have to spend more than $30.00 per month. Get a great full service web hosting service here for less than $1.00/day now.

Advertise Your Business in BM$ Success

You as a subscriber are invited to give your business free online exposure for the next 3 months. That’s right 3 months of free advertising just for the asking! Just send a brief description of your business and the products or service you offer. State whether you are local to a specific region or a national or international company. We will place your info in the next issue of BM$ Success. Don’t forget your contact info or to spell check your ad!

Send your ad info to: Any Questions:

Let us know what topics you would like to see covered in BM$ Success Newsletter.

Be sure to check the news page daily on for updates.

Until next month! Wishing you great success in 2011!


Jim Bullock

Relationship Manager

Business Money Source, LLC

P.O. Box 16096

Richmond, VA 23222

“Your One Stop Business Information Source”

Twitter: @bizmoneysource