Tips & Tricks » The basic scenario for considering a hard money

Agencies such as the Army Red Auerbach Jersey , Navy, Coast Guard, Air Force, and the Department of Commerce now rely on a resume system known as Resumix to aid in the hiring process. The implementation of this system was done to help ease the recruitment process on both the recruit and the recruiter side. A Resumix resume is much different than that of a traditional resume in regards to the layout as the Resumix resume will later be scanned instead of reviewed by a person and the scanning software will only be looking for certain keywords and phrases.

Resumix resumes are submitted online and kept in a database regardless of whether or not they contain the proper information. However, if you do submit a Resumix resume that is not properly formatted it will never see the light of day or be reviewed.

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Resumix will automatically match the skills you have listed with the skills that are required form a certain posting so it is of utmost importance that your Resumix resume contains all the relevant information and keywords. For this reason it is best to spell out certain skills and don't get too simple or complex with any verbiage.

Now here's the trick; you have to write your Resumix resume so that it will first catch the attention of the computer scanning software, but it must also be written so that a person can understand it. This is because the Resumix system only eliminates human interaction at the first level and once a resume is flagged for review, it is an actual person who will be conducting the review before an interview is granted. This can be easier said than done, but fortunately there are a number of services online today that offer Resumix resume help.

Obtaining help from a professional may be a route you want to consider as you will want to make sure that you have a well written Resumix resume that can appeal to the scanning software and the reviewer as well Robert Parish Jersey , but more than that there are certain rules for Resumix resumes depending on what agency you wish to apply for. For example the Navy Resumix will allow you to submit five pages, but the Army Resumix will only allow you to submit three. Here again, if you don't do it right, you don't stand a chance.

While it was designed to both streamline and ease the hiring process, Resumix can be somewhat confusing. Working with a professional Resumix resume writer can help you to ensure that the resume you submit will not only be accepted Al Horford Celtics Jersey , but also viewed; hopefully multiple times.Should You Ever Consider Hard Money Business Loans?
Posted by nick_niesen on October 29th, 2010


Before we go any further, let's make sure we're working from the same definition of hard money business loans.


For the purposes of this discussion, hard money business loans and hard money loans in general, are typically secured by real estate.


Because the lender is not usually concerned with the application of the funds acquired Gordon Hayward Celtics Jersey , I'm further defining a hard money business loan as a source of funds invested into a business operation.


The lending criteria for issuing a hard money loan is primarily focused on the equity held in real estate.


Typical characteristics: 1) private lending sources, 2) short interest terms from one to three years, 3) up front fees on closing, 4) short in duration, 5) use of funds not a focus Paul Pierce Celtics Jersey , 6) limited number of debt covenants if any, 7) interest only payments is quite common, 8) failure to pay results in sale assets to retire the debt.


While hard money lenders have their detractors, they serve a very real and valuable purpose in the commercial financing market place.


Pros and Cons


Pro - The application process for a hard money loan tends to be considerably faster than a comparably sized conventional loan application.


Con - Compared to conventional real estate financing through institutional lenders, the cost of hard money loans is almost always higher.


Pro - In many cases hard money can be lower cost than cash flow financing facilities like subordinate debt and factoring.


Con - Up front fees also add to the cost of hard money business loans which can significantly increase the effective interest rate you're actually paying over a period of time.


Pro - As a bridge loan Larry Bird Celtics Jersey , these funds are normally outstanding for a short period of time so the shorter the use, the lower the potential cost.


Con - At the end of the interest term, if an extension is required, but not granted, the loan needs to be paid out in full.


Pro - From a cash flow point of view Bill Russell Celtics Jersey , an interest only payment, even at a high rate, can still be less strain on the cash flow.


Con - Once you sign up for an interest term, its the same as most fixed interest rate terms whereby there is usually a 3 month penalty for early payout.


Pro - Hard money can also be extended against non real estate assets where real estate is still the primary security in the overall security package for the loan.


Con - If you fall behind with your payments, the foreclosure process can be swift and will typically be as fast as the local jurisdiction will allow.


The basic scenario for considering a hard money business loan is when a business has exhausted its conventional financing sources and is still short money to operate Kyrie Irving Celtics Jersey , expand, or just take advantage of short term opportunities.


Because repayment is usually required within a one to three year period, hard money business loans can also be categorized as bridge loans.