Student Loans Do Not Need to Be Ruled Out Due to Bad Credit

It is only logical that students who have already seen their credit rating sink low would have a tough time finding any lender to give them a loan. But the truth is that student loans are available even to those with a low credit rating. All that is really necessary is to know how to go about getting them.

When it comes down to it, lenders are used to assessing the risks associated with different applicants. When approving loans for students, one of the aspects considered is the long term prospects, which is why the loan generally needs to be paid only after graduation.

It is useful for students applying for loans to understand this, but equally that wisdom dictates that some effort is made to get ahead of the game, and strive to lessen the debt as soon as possible. Of course, summer jobs and taking a part time employment during the semesters do help. But it is vital that the terms and entitlements available as part of student financing is known first.

Get Advice from the Start

The first port of call after securing a place at college is to work out your student loan options. The best place to get advice on this is the Financial Aid office on campus. There is generally a vast array of brochures and information leaflets available there, informing students applying for loans of the best places to do so and the kind of conditions they will have to meet.

When a student is hampered by a bad credit history, a bad credit loans for students are an option which the Financial Aid counselor can provide information on. They can sometimes be available at higher rates of interest, and for longer terms, but they can provide the necessary funds to alleviate the financial pressures while studying.

Often, there is a very simple solution to the student financing problem, so it is well worth the effort meeting and discussing options with the counselor.

Private and Federal Loan Options

The counselor will certainly fill students in on the range of student loans available out there, not least the choice between private loans and public loans provided by the federal government.

The public route is one of the most assured ways for those in deep financial water, with the program designed specifically to provide loans to students at a low fixed rate of interest. Usually, a credit check is not required, though an income assessment is, to ensure only those in need actually benefit from it.

Students applying for loans from the private lending sector face a more difficult task, but there are some advantages. For one, the amount borrowed can be enough to cover all costs, including fees. Most banks and lending institutions offer student financing packages, so it is essential that some research is done before choosing one.

Get the Loan Guaranteed

One of the most effective ways of securing student loans, despite bad credit scores is to get the loan guaranteed. This is done by enlisting the help of a cosigner, someone whose credit is good and who is willing to shoulder the debt should there be any problems.

When offering loans to students, private lenders are only interested in the chances of seeing the loan repaid, so having someone to back the applicant up is a very favorable factor.

So, when when it comes to student financing, there are manageable options for every applicant that can lead to success. It may take some research and a little bit of advice, but there is no reason to think that a student loan is not available simply because of a poor credit rating.

Student Finance for Chinese Universities

Chinese universities have recently started to attract a lot of students from abroad. The trend began in the 1950s and recent statistics shows that there were close to 410000 students studying in China as at end of the last decade. There were students from 125 countries and regions. There are undergraduates, postgraduates, doctoral students, trainees, scholars, and students pursuing research coming to China. China is one of the attractive education hubs. Infact, statistics shows that China was the 10th most popular destination for US students going abroad and third most popular non-western nation. However, foreign students cannot be employed in China while at study. Therefore, students must be able to support themselves and arrange for student finance before enrolling in a Chinese university. If you are one of them, how do you go about getting China university student finance? Read on.

Government help to students seeking finance to study in a Chinese University

Good news is that the Chinese government is encouraging its colleges and universities to expand the scholarship amounts and widen the horizon of fellowships and scholarships to foreign students and China university student finance. They are also encouraged to collaborate with private sector and come up with attractive scholarships for outstanding foreign students.

Already the Chinese government has approved finance worth $362 million to around 350,000 students looking to study in Chinese universities since the introduction of subsidized loans since 1999. The extent of subsidy provided by the government is 50% of the interest amount which is paid by the government and the remaining is paid by the students along with the principal.

However the government itself recognizes that the percentage of students who actually got the loan approved stands at 31.2% which is low and the government would like to grow this figure. The main cause for the low percentage is attributed to the fact that the private sector banks are not too keen on providing finance to students who want to study in Chinese universities as the loans are not required to be backed by collateral. Whether loans will be given out or not is determined based on the credit worthiness of the students and the absence of collateral is a deterrent in providing finance. As of now the People’s Bank of China has appointed four main commercial banks to provide finance to Chinese students which are Bank of China, China Construction Bank, the Agricultural Bank of China and Industrial and Commercial Bank of china.

However such finance schemes which look at subsidizing interest repayments are at present only available to Chinese students who are Chinese citizens and have passed the requisite academic examinations

I am not Chinese, can I still get finance to study in a Chinese University or China university student finance?

There are finance programs available to international students who want to study in a Chinese University. One of the popular sources which the students are using today is to go to china by enrolling in an exchange program in a university that offers this option. Normally a host of universities have exchange programs going in which students from their universities visit universities abroad and students from universities abroad come and study in their colleges. These schemes exist not only for students who want to study but also for students interested in internship and working in these countries.

The main requirements of getting finance are credit worthiness, passing the requisite tests and getting through interviews and in some cases having collateral against the loan as well. However in the case of China some universities additionally put up the condition that the students should have a working knowledge of Chinese or Mandarin to be eligible.

There is a growing number of American students who are now interested in studying in China while in the past this was to gain exposure culturally and most of the students were of Chinese origin born in American the trend is changing now. More and more students are coming to China not only to gain cultural knowledge but also advance their careers professionally when they get back home. As a result commercial banks have also designed specialized finance programs with the needs of the students in mind and it is becoming increasingly easy for students to find such loans as China’s Universities are becoming popular as an international destination for further education.

Student Finance – Education Without Financial Worries

Taking education in a collage means an increasing amount of expenditure each year. With limited resources it is not easy for every parent to bear the expenses from own pocket. Hence, student finance has now become part of pursuing uninterrupted collage education.

While searching for a loan, a student should first of all explore the Federal loans, which are carved out especially by the federal government for ensuring higher education for all. Federal loans consist of Stafford loans, Perkins loans and PLUS loans. You will be allotted an increasing amount each year as you advance to higher classes in collage. Apart from easier approval, low interest rate is an advantageous feature of the loan. Repayment of these loans can be started when you begin earning from regular job after the collage.

However, only those people with a lean financial back ground are eligible for federal loans. For others, student finance is accessible through private lenders as personal loans. Such loans come in secured or unsecured options. You may need to borrow any greater amount ranging from £5000 to £75000 at low rate of interest against a valued property for collateral. Its main advantage is low rate of interest and larger repayment duration of 5 to 30 years. The unsecured loan will be without collateral and only small amount of £5000 to £25000 is accessible for its repayment in 5 to 15 years at higher rate of interest. Private lenders also give you the option of repaying these loans after you finish collage studies.

If you opt for private loans, then ensure that you borrow the money at competitive rates. So, first apply for APR quotes of the lenders. Comparison of numbers of such offers will lead you to a less burdensome loan.

Surely, student finance can help you in uninterrupted studies in collage. But it is also important to find out a suitable and less burdensome loan to repay.

College Students’ Finance Management Tips

If you are a college student, you are probably suffering from a serious lack of money. However, all this can change once you learn how to manage all the money that you have, because that way you will be able to have a lot more money available for you. Here are some of the best tips for money management for college students:

First of all, make sure that you will spend some time and keep track of all the things that you are buying. That way you can easily see what amount of money you are spending on items that you do not need and later on you will be able to cut those expenses.

Get all the possible college student discounts that are available, because that way you will be able to save a lot of money from, for example riding the bus, going to movies or even ordering pizza. There are a lot of places where you can get information about the college student’s discounts that are available, so make sure that you will spend some time and see what you can do for that.

Be caution when giving any kind of personal information. That is one of the best ways to protect yourself from possible theft of our money. Make sure that you will not give your Social Security number to anyone. Furthermore, remember that you should never give any information about your credit cards or other places that you keep your money.

Use only of the credit cards that you have, because that way you will be able to keep yourself from getting in debt. Furthermore, make sure that you will set a credit limit on your own and do everything possible not to exceed it. For example if your credit card have $5000 limit, make sure that you will set a limit of $2000 and keep it.

Organize all the money that you have and create a budget that you will follow. That way you will be spending only the amount of money that you had set, which will allow you to avoid getting into any debt. Furthermore, make sure that you will keep your money in a place that you do not have access, because that way you will be able to resist the temptation of spending them. It is a good idea to get a debit card issued.

Start saving money for emergency expenses, which will allow you to cover all the expenses that may occur. It is a good idea to buy a piggy bank and start putting money in it. You will be amazed how much money you will have after an year, if you place only 5% of the money that you get there.

Start buying all the books that you will need during your college period. There are a lot of websites that are offering comparison services, which will allow you to choose the best price for the book that you need.

How Chase Credit Cards For Students Can Ease College Finance Worries

Students are traditionally associated with poor finances and poor levels of responsibility, but this stereotype is not altogether accurate. It is a huge endorsement when one of the major banks in the country offers credit cards to college-goers. In fact, issuing specially packaged Chase credit cards for students shows just how valuable college-goers are seen as customers.

At first glance, it may seem that Chase Bank is taking on quite a risk, and while there certainly is an element of risk, the move itself is rooted on sound marketing. It is a viable student financing option, allowing them to pay bills and buy essential supplies while also establishing a relationship with professionals of the future.

And it can be argued that, while this new relationship arises more from marketing than a sense of care, getting a Chase credit card does provide young people with a chance to master the skills required to properly manage a credit card and avoid financial hardships.

VISA and MasterCard Options

Of course, there is a variety of Chase credit cards for students, with the right one clearly dependent on individual budgets. Provided through VISA or MasterCard, they come with a range of incentives and reward schemes that actually help to lower the cost of living while in college.

VISA, for example, are offering two kinds: the Student Free Cash Card; and the Student Flexible Rewards Card. They are rather similar in terms of their use and credit limit, with points gathered when used that can be redeemed either through free merchandise or a cash-back scheme.

The Student MasterCard offers another student financing option, and in the process offers users a chance to build a positive credit history. As a result, cash-backs, gift vouchers and other such incentives are not as prominent. Chase credit cards do not offer any free money scheme.

Competitive Interest Rates

Paying the credit card balance is a challenge for even the most experienced cardholders, so it can be a huge task for low-income students. But, if the interest rate charges are low, then the expense in repaying these debts is not so great. By designing Chase credit cards for students, the bank is providing an opportunity to college-goers to learn this responsibility.

Of course, this student financing option comes with an introductory offer of 0% APR for the first 6 months, and a repayment term of 20 days once the bill is issued. This means students have plenty of time to get used to handling the card and its temptations.

Neither VISA nor MasterCard offer rock bottom interest rates, with a variable APR of up to 23%. When repayments are delayed, the interest rate increases by 9%, up to 32%. This may seem extremely high for Chase credit cards, but the same rule applies as for normal cards. So, the interest is avoided if the balance is paid on time.

How Students Benefit

There are several reasons for offering Chase credit cards for students. From the point of view of the card issuer, they are connecting with future valuable customers. And from the point of view of the students, it means accessing another source of financing to helping them secure low-cost items through cash-back and points systems.

The points systems can vary slightly depending on the card package, but in principle are the same. With every dollar spent on a Chase credit card, points are earned that can be redeemed. A minimum 3,000 points must be gathered before any can be converted, but once that level is reached, discounts become available on purchases at department stores and supermarkets.

Business Finance Training and Effective Business Solutions

Business finance training refers to programs that teach individuals how to handle various financial duties. Finance training is similar to finance tips in that both help business owners make better monetary decisions, but training programs offer a more detailed explanation of finance strategies. Training programs vary in price and can be used by the owners and employees of a business.

The most basic business finance training provide information on budgeting, preparing financial statements, managing cash flow, strategizing, forecasting, improving performance, and applying basic procedures and concepts to more effectively manage a business. These programs are recommended for new business owners to help them understand standard business practices. Once these basic methods are mastered, more specific financial training may be looked into.

Advanced business finance training delves more deeply into a certain financial procedure or concept, usually at a higher cost than basic programs. Advanced programs may teach business owners how to set up effective business models, make decisions based on quantitative analysis, manage and control accounts, practice due diligence, measure productivity, and strategize concerning mergers and acquisitions.

Taking part in any kind of business finance training gives a business owner the resources to make more intelligent business decisions that result in increased productivity and profits. Many different types of courses are available either online or at a specified location. Some programs may even offer the option to train at the business. Taking into consideration the needs and abilities of a business is the key to finding the best business finance training.

A business finance solution generally refers to methods of funding and maintaining the finances of a business. Most solutions involve ways of obtaining working capital, but others also offer ways of protecting and increasing that capital.

To obtain working capital, business owners look to finance solutions that offer funding by several different means. The most common means are loans and financing. Asset-based loans use a business’s assets, such as inventory and equipment, as collateral. A business may also opt for a property loan in order to acquire commercial space. Invoice financing, such as factoring, involves liquidating or selling a business’s accounts receivables in exchange for quick funding. Some businesses look to trade financing to supply their inventory. The business will tell its financer the amount and cost of goods needed, and the financer will pay for the goods. The business then repays the amount financed over a specified period of time.

Most companies that provide business finance solutions also offer ways to protect and increase a business’s capital. Credit protection safeguards a business from daily risks, such as customers not paying on time, so that the business does not suffer incredible losses. This makes it much easier for the business to borrow money in the future, and it protects the balance sheet. A finance solution may also offer business insurance plans that increase the stability of a business. The most common types of business insurance are employee and public liability, car, property, and health insurance. These business finance solutions are designed to protect businesses against potential losses.

Functions of Business Finance

Strength and soundness of business depends on the availability of finance and competency with which it is used. The abundance of finance can do wonders and its scarcity can ruin even a well established business. Finance increases the strength and viability of business. It increases the resistance capacity of a business to face losses and economic depression. It is just like a lubricant, the more it is applied to the business, the quickly the business will move. Following headings explain the importance of finance to business:

(1) Initiating Business: Finance is the first and fore most requirement of every business. It is the starting point of every business, industrial project etc. Whether you start a sole proprietary concern, a partnership firm, a company or a charity institution, you need ample amount of finance. It is equally important for profit seeking and non-profit activities. It is equally important for a multinational organization and for a free dispensary.

(2) Purchase of Assets: Finance is needed to purchase all sorts of assets. Even if credit is available some down payment is to be made. Mostly finance is needed at the start of business for the purchase of fixed assets. These fixed assets consume a large amount of initial investment of the entrepreneur, so he may face liquidity difficulty in running day to day affairs of the business.

(3) Initial Losses: No business attains high profit on the first day of commencement. Some losses are normal before the business reaches its full capacity and generate enough revenue to match cost. Finance is necessary so that these initial losses can be sustained and business can be allowed to progress gradually.

(4) Professional Services: Certain business need services of specialized personnel. Such personnel have rich experience in specialized fields and they can provide useful guidance to make business profitable. Nevertheless these services are costly. Finance is always needed so that services of such professional consultants can be hired.

(5) Development: Business is always exposed to change. New innovations and emergence of new technologies replaces old techniques out of market. So in order to remain in the market, it is needed to keep the business well equipped with all emerging tools and techniques. This required finance. New technology is always expensive as it is better than others. So finance is needed to purchase new equipment and keep the business running.

(6) Information Technology: Information technology has now changed the geography of the business battle field. The home markets have now extended virtually to other comers of the world. The whole world can be your customer or competitor. To face such a fierce competition, IT is needed. Skills and competency in IT can perform miracles. But finance is again the decisive factor. It is very much needed to incorporate expensive IT products in the business.

(7) Media War: The advertisement and promotion have now become a vital elements for the success of business. The way a businessman approaches a customer and convinces him to purchase his product has become more important than the quality of product. With advertisement on International media, a businessman can reach the minds of millions of people around the globe. However, advertisement is a luxury which every business can’t afford. Huge finance is required to meet advertisement expenses.

(8) Resource Management: Finance is very essential for efficient resource management. Resources here include capital and human resources. Maintenance of plant and equipment and training of employees all need finance. Establishment of new industrial units, expansion of plant capacity, hiring of well learned skilful laborers – all
these factors can lead to huge revenue but at the first place they need finance to start with.

(9) Stock Investments: These investments are those which are made to hold ample stock of raw materials in hand. Bulk purchase of raw materials is profitable in a sense that purchase discount can be attained and there is no danger of production halts. So companies most often hold huge amount of stocks and raw materials. But such an investment can be made only if a company has sufficient capital or finance to carry out its daily operation easily besides holding huge stock.

(10) Combating Risks: Everything is exposed to one or more risks. A business is also exposed to variety of risks. These risks include natural hazards, burden of any huge liability, loss of market or brand name etc. Finance is needed to make business powerful, so that it can sustain occasional losses and liabilities.

The Primary Cause Of Business Financing Frustration

Finding proper business financing is not easy at the best of times for most small and medium sized business owners and managers.

There are a number of reasons that collectively explain why the business financing market can be so difficult to understand and navigate.

But probably the single biggest reason is the lack of useful information about how the business financing market actually works.

Business financing information and education sources predominantly come in two forms: 1) Text books; 2) Major bank advertising.

If you’ve ever read through a educational finance text book or taken a business financing course, you already know how difficult it can be to apply the theories, principles, and strategies to a small or medium sized business.

Our formal education system provides limited information as to how the market place works, how to plan for financing requirements, how to manage periods of growth, decline, transition, start up, etc.

Sure academic books and courses can go through all these areas in great detail, but is the information practical, real world, something you can relate to and apply yourself as a manager or owner of a small or medium sized business?

In most cases, the answer is a resounding NO.

Most finance text books speak to big business financing dynamics that are not easily transferable to small and medium sized business scenarios.

Outside of the formal education system, the next great source of business financing information is the information provided by the major banks, which they tend to make available to you by the boat load through their broad based marketing campaigns.

Unfortunately, the information by itself seldom helps you determine if a particular institution would be able to provide you with financing, or what would be required to qualify for a loan.

The good news is that business financing sources continue to grow in numbers as more and more lenders carve out a particular piece of the market to service.

In order to take advantage of these alternatives, you need to have a solid approach in place when seeking business financing.

Here’s a short list of things to consider

>>> Develop a solid, ongoing, understanding of both your personal and business assets, income, and cash flow.

Regardless of the business financing model, these elements will always come into play to some degree.

Being able to demonstrate a solid understanding of your business financials is also an indication of your ability to manage the underlying business.

>>> Monitor and manage your personal and business credit.

Small and medium sized business financing is focused on both personal and business credit histories.

Regular reviews of both personal and business credit reports from the major credit reporting agencies are important to avoid errors and credit practices that can severely damage your borrowing power.

>>> Develop your marketing position.

Yes, seeking business financing is a marketing exercise.

When applying for business financing, you’re marketing your business to lending sources and they in turn are marketing their business financing programs to you.

Think of the lender as a customer to better understand what they’re looking for. Then, develop a business proposal that addresses all their potential needs and concerns.

>>> Research Lending Sources

There are lots of business financing sources. But there is also lots of variation in the types of business applications each one is prepared to consider.

Broad based lenders rely on credit history and net worth. As you get more specific in terms of financing application and industry, lender programs become more narrow and can be harder to locate.

You need to consider things like industry, sector, and geography when looking for business financing sources.

Financing consultants and business loan brokers can be an excellent source of information to aid you in this process.

>>> Qualify The Lender

Before you make a formal application, find out if the lender has the programs and lending track record to meet your specific needs.

Too often, the lender is doing all the qualifying.

>>> Compare your options

Depending on the scenario, there can be several financing strategies that could work for your business.

Make sure you take the time to compare before making a decision. The extra time spent could save you considerable time and money in the long run.

>>> Start Today

Regardless of what your business financing needs are right now, you should regularly invest time staying on top of your business financials, monitoring your credit, and researching financing sources that fit your industry and potential future requirements.

When the time comes to acquire capital, your proactive efforts can make all the difference in getting the capital you need with terms and timing that are acceptable to your business.

Business Finance Funding Advice and Commercial Financing Help

The Working Capital Journal is one of several commercial financing resources which should be reviewed regularly by small business owners to assist in keeping up with the imposing difficulties posed by rapid changes in the business finance funding climate. As noted below, there have been some surprising actions taken by lenders as a direct result of recent financial uncertainties. The increasingly complex and confusing environment for working capital finance is likely to produce several unexpected challenges for commercial borrowers.

The working capital finance industry has primarily been operating on a regional and local basis for many years. In response to cost-cutting that has permeated many industries, there has been a consolidation that has resulted in fewer effective commercial lenders throughout the United States. Most business owners have been understandably confused about what this might mean for the future of their commercial financing efforts, especially because this has happened in a relatively short period of time.

Of course, for some time there have been ongoing complex problems for commercial borrowers to avoid when seeking commercial loans. But what has produced a new set of business finance funding problems is that we appear to be entering a period which will be characterized by even more uncertainties in the economy. Previous rules and standards for commercial financing and working capital finance are likely to increasingly change quickly, with little advance notice by business lenders.

Business owners should make an extended effort to understand what is happening and what to do about it due to this realization that substantial changes are likely throughout the United States in the near future for commercial finance funding. At the forefront of these efforts should be a review of what actions commercial lenders have already taken in recent months. The Working Capital Journal is one prominent example of a free public resource that will facilitate a better understanding of the responses by business lenders to recent economic circumstances.

By publicizing actions taken by commercial lenders, this will contribute to these two goals, both of which are likely to be helpful to typical business owners: (1) To highlight controversial bank-lender tactics with a view toward reducing or eliminating questionable lending practices. (2) To help business owners prepare for commercial finance funding changes. To assist in this effort, sources such as The Working Capital Journal are encouraging business owners to report and describe their own experiences so that they can be shared with a broader audience that might benefit from the information. Some of the most significant commercial financing changes reported so far by commercial borrowers involve working capital loans, commercial construction financing and credit card financing. A notable situation of concern is that predatory lending practices by credit card issuers have been reported by many business owners. Some specific businesses such as restaurants are having an especially difficult time in surviving recently because they have been excluded from obtaining any new business financing by many banks.

One of the few recent bright spots in business finance funding, as noted in The Working Capital Journal, has been the continuing ability of business owners to obtain working capital quickly by business cash advance programs. For most businesses accepting credit cards, this commercial financing approach should be actively considered. Business cash advances are literally saving the day for many small business owners because most banks appear to be doing a terrible job of providing commercial loans and other working capital finance help in the midst of recent financial and economic uncertainties. For example, as noted above, restaurants are virtually unable to currently obtain commercial finance funding from most banks. Fortunately, restaurants accepting credit cards are in a good position to obtain needed cash from credit card receivables financing and merchant cash advances.

Small Business Finance Success Improves With Realistic Options

The goal of being realistic when seeking new commercial loans and working capital financing will help commercial borrowers avoid a number of commercial finance problems. With proper preparation business owners should be in a better position to obtain new financing despite the difficult challenges impacting most working capital loans and small business financing. Nevertheless it should be anticipated that terms of financing will be different from prior commercial financing. Because of recent commercial lending difficulties, business owners actively assessing the most effective options for their small business finance decisions are likely to find the smoothest path to business loan success.

In view of volatile conditions which have recently impacted credit markets, this will not be a simple task. A very common example of the problem is illustrated by how much misinformation and confusion there has been about business financing and working capital availability. Getting more accurate information about what is realistically possible can be one of the most difficult challenges for commercial borrowers.

When seeking to identify realistic choices in a confusing working capital management climate, a number of harsh realities must be confronted by all small business owners. For most current commercial financing decisions by business owners, there are several major factors to anticipate. In the first example, additional small business loan collateral is being requested by most commercial lenders. Second, many regional and local banks have discontinued lending for business financing and working capital. In a third example, businesses which are not currently profitable or not current in their debt payments will have extensive difficulties. Fourth, business construction funding currently is very limited in most areas. In a fifth example, lenders are eliminating unsecured business lines of credit for most small business owners.

Despite the new business financing limitations just noted, there are practical working capital options for small business owners to consider. An increasingly effective commercial financing option in the midst of an uncertain economy is a merchant cash advance program based on credit card processing activity. Even though this commercial funding option has been available for a few years, it has not been used by most small businesses. For most businesses which accept credit cards, merchant cash advances should be evaluated as an important tool for improving business cash flow. Small business owners wanting to pursue this financing option should consult a business financing expert who is knowledgeable about this working capital management approach as well as other small business loans.

Even though working capital loans are not as widely available as they were just a few months ago, this kind of small business financing is still in fact obtainable. Since some of the largest providers have stopped making these business loans, the main change for business borrowers is the likelihood that they will be dealing with a different commercial lender. Small business owners will benefit from finding an experienced and candid business financing expert to assist in evaluating realistic options because the most effective working capital financing providers are not aggressively marketing this capability.

As stressed above, when making commercial financing decisions it is becoming increasingly important for business owners to first determine their effective business finance funding options. Because of recent volatility in financial markets, this task is likely to be much more difficult than most commercial borrowers realize. It is advisable to explore commercial finance options that might be necessary if economic conditions change even further even for business owners who are satisfied with their current working capital financing arrangements. The use of Plan B contingency financing is an important tool to assist commercial borrowers in this process.