Cain & Daniels
What is Cain & Daniels Inc.?
Cain & Daniels Inc. is a company specializing in commercial debt solutions for large and small businesses in a variety of industries. Their expertise ranges from debt consolidation and recovery to debt collection and beyond.
What is an example of a commercial loan?
A commercial loan is a type of loan given to a business in order to fund business expenses. This can include funding for expansion, property and inventory purchase, or short-term gaps in cash flow.
Unlike personal loans which are based on the borrower’s personal creditworthiness, business loans are given based on the creditworthiness of the business itself. A business must show that it is able to repay the loan from its earnings.
How do you recover commercial debt?
Many business or commercial loans require collateral in order to be secured. Examples of collateral could be business assets, inventory, machinery, or real estate. If the borrower defaults on the loan, the lender has the right to seize business collateral to recover the debt.
What is the difference between consumer debt and commercial debt?
Consumer debt is any kind of debt incurred by individuals for personal purposes. This includes mortgages, car loans, student loans, or credit card debt. Meanwhile, commercial debt is incurred by a business in order to fund business operations.
What is the most common commercial loan?
The most common type of commercial loan is a commercial mortgage. This is very similar to a residential mortgage, except it is used to buy commercial property, such as a storefront or office space.
Other types of common commercial loans include:
- Lines of credit
- Term loans
- Equipment financing
- Commercial construction loans
What are the benefits of a commercial loan?
Commercial loans are a great option for businesses who don’t have the money to pay for all of their expensive up-front. These loans allow you to pay the money back over time while you work on increasing business profits.
What is the difference between commercial paper and debt?
Commercial debt is usually secured with some type of collateral and comes with a longer term time. However, commercial paper is a type of short-term debt that is unsecured by collateral. Companies use these to finance short-term liabilities.
What percentage is a debt settlement offer?
Usually, debt settlement offers range between 10% and 50% of the amount of money that you owe. However, settlements can be higher or lower depending on several factors, such as:
- Age and amount of debt
- Type of creditor
- Financial hardship of the debtor
- Payment history
- Litigation risk
How do debt settlement companies work?
Debt settlement companies offer to negotiate with creditors on behalf of debtors in order to settle the debt for a reduced amount. Once the debt is settled, the settlement company will charge a fee. This could be a flat fee or a percentage of the original debt amount.