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Mind your Own Business
May, 2013 - Issue #103
Mission Valley Bank has Money to Lend
If your plans include taking your business to the next level, an SBA loan may be the perfect business move to get you there. There are a number of different types of SBA loans available to assist with the growth and success of your business - offering a variety of financing options.
Qualifying for an SBA loan may be easier than qualifying for a traditional loan. The SBA program allows for higher loan-to-value ratios. In some cases, even the projected income of your business - not just historical cash flows - may be considered when qualifying. This can be particularly helpful if your business is growing rapidly or has seasonal income fluctuations.

SBA loans offer a variety of benefits not typically found with traditional business loans, such as lower down payments, lower monthly payment terms, up to 90 percent financing for owner/user commercial real estate acquisition and construction and the ability to sometimes finance closing costs instead of paying these expenses out-of-pocket. SBA loans can also be used to acquire fixed assets such as heavy machinery or equipment, consolidate short-term debt, working capital and, in some instances, fund the acquisition of a new business.

As an SBA Preferred Lender, Mission Valley Bank knows how to make your SBA loan experience less complicated. They have experience expediting the application process and have helped qualified businesses get the financing they need even when their collateral did not meet traditional lending standards.
Mission Valley Bank SBA Department 818-394-2329; Mission Valley Bank Valencia Office 775-4112; Centre Pointe Business Banking Office 753-5600 www.missionvalleybank.com

Personal Injury Myths
Many accident victims have mistaken beliefs about different aspects of personal injury claims, such as their rights or what to do. As a result, they don't make a claim or mishandle their claim, and lose out on damages they would have received. These mistaken beliefs have many sources - what you hear on the television or what insurance adjusters, or even friends, tell you. Here are some common mistaken beliefs about personal injury claims... and the truth.

Myth: "I was in a car accident and the other driver does not have any money or insurance, so there's no use in making a claim."

Truth:
There can be other sources for recovering damages. For example, you may be entitled to receive compensation from your own insurance company (with no negative impact on your future premiums), or the other driver's employer may be liable.

Myth: "If I make a claim, I will have to go to court, which takes too much time."

Truth:
Over 80 percent of all personal injury claims are settled out of court. Additionally, your lawyer handles the negotiations with insurance adjusters and the other side, which reduces the time you spend on the matter.

Myth: "Insurance adjusters are on my side."

Truth:
Insurance adjusters work for the insurance company, not you. Their job is to pay you as little as possible.

These are just a few of the mistaken beliefs that accident victims have. If you are in an accident, don't rely on what insurance adjusters or others tell you about personal injury claims. You may think these people mean well, but they may give you misinformation that proves costly to your claim. Instead, consult your lawyer. Your lawyer can explain your rights and other aspects of your claim.
The Law Offices of Gerald L. Marcus 661-296-2992 www.santaclaritainjuryattorney.com
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