Park Place Equity, A Division of Northwest Federal Credit Union

12/17/2014

Learn how a operator doubled his call volume in just two months. http://ow.ly/G0Ul7

They have been in the mortuary services business for over 30 years. Their business has been a solid success by any measure too.

05/16/2014

At Park Place Equity, we recognize that experienced funeral home operators are a safe and sound credit risk and in 2014, we intend to up the ante by providing as many loan dollars as we can to these qualified small business owners.
http://ow.ly/wVr7e

Contrary to what you may have heard, the Death Care industry is not a dying business. Over the last 10 years, small business lenders have lent...

05/13/2014

Eliminates the Personal Resource Test for Small Business Loans. http://ow.ly/wLFpx

Recently, the SBA published an amendment to its Standard Operating Procedure and eliminated what’s known as the “Personal Resource Test.”As an SBA Preferred Lender, this is very encouraging news and it puts us in a position to help business owners with significant personal resources to qualify for a…

05/09/2014

Commercial Business Loan Interest Rates will Remain Low for the Foreseeable Future, learn why - http://ow.ly/wFuFU

Most business loans, especially commercial loans guaranteed by the SBA, are tied to short-term interest rates. The good news is that Richard Fisher, one of the key decision makers at the Federal Reserve, reiterated that the benchmark Federal Funds Rate is expected to remain unchanged. Low short-term…

05/07/2014

5 Reasons Why Middle Market Businesses Should Consider http://ow.ly/wylYY

Since 2009, a number of changes to the SBA 7(a) flagship program has enabled SBA lenders to finance large and successful middle market companies.

04/28/2014

Our own Chris Balestrino was quoted in Bloomberg regarding the availability of commercial financing for small business owners. http://www.bloomberg.com/news/2014-04-11/golf-course-owners-recover-from-slump-as-players-return.html

Oil executive Ben Kenny has spent two and a half years and $24 million improving his golf course along the banks of the Chattahoochee River, adding lakes, streams, a new putting green and driving range.

04/23/2014

Park Place Equity is proud to announce that it is now A Division of Northwest Federal Credit Union. http://ow.ly/w4RUD

04/12/2014

Park Place Equity has been acquired by Northwest Federal Credit Union! A great day for small businesses nationwide!!

http://www.cutimes.com/2014/04/11/northwest-fcu-buys-national-business-lender

Virginia credit union buys SBA lender Park Place Equity LLC in Scottsdale, Ariz.

02/25/2014

This past Friday, the transcripts from Fed meetings detailing the turn of events 5 years ago provide us with an inside view on how the crisis unfolded and how the best and brightest minds at the Federal Reserve handled it. http://bit.ly/1fn7oJO

When the financial crisis began to take shape in 2008, many of us engaged in commercial lending would have loved to have been a “fly on the wall”...

02/12/2014

Loan Tip: How to Qualify a Foreign National for an SBA guaranteed Commercial Loan - http://bit.ly/1bML4Jj

In this post, we explore what is required for a foreign national without Legal Permanent Resident (LPR) status to meet the eligibility requirements...

01/29/2014

Are Car Washes the New Black? Or, will they at least keep you in the black - http://bit.ly/LoPYFD

Is it possible for something as simple as a car wash to be your biggest income generator for years to come? Our gut instinct was, of course! People...

01/22/2014

See what you can learn about Small Business Lending from watching Seinfeld. http://ow.ly/sQcYm

If you are as big a fan of Seinfeld as I am, then what I write below will seem absolutely brilliant! For those of you that aren’t, we should talk...