1803 Capital is a Portland-based investment and philanthropy fund that recently received a substantial donation from Nike co-founder Phil Knight. Rukaiyah Adams discusses its significance within the community and what 1803 does for it.
President Jefferson informed Congress of his ambitious plans for exploration by asking for funding from them for an expedition to explore the Western frontier, underscoring his country’s ambitions.
In-House Financing
In-house financing occurs when a company extends a loan directly to a customer so they can purchase products or services from that business. This type of lending eliminates the need for third-party lenders in the financial industry and is frequently seen among companies selling expensive items like cars or electronics. At the same time, property developers also often offer this financing solution as an option to potential homebuyers.
Customers prefer in-house financing because it offers them more flexible payment plans without credit checks or delays in processing applications. Unfortunately, in-house funding may come with risks such as higher interest rates and hidden fees; additionally, it may not be available for all products or services, making it essential that shoppers research different lenders before selecting one as their lender.
Auto dealerships are among the many businesses that provide in-house financing, as their sales rely on buyers taking out auto loans to purchase vehicles from them. Sellers usually set their standards for underwriting that may be more lenient than banks and other financial institutions; this may appeal to borrowers with lower credit scores who may otherwise be denied loans elsewhere.
Equipment retailers and e-commerce stores may provide another form of in-house financing via lending money directly to customers. These loans may be unsecured and come with low-interest rates, making them an appealing option for people looking for expensive items like computers or furniture; however, these loans typically report back to credit bureaus, which could cause irreparable damage to a borrower’s score.
Retailers looking to strengthen customer relations can utilize in-house lending as a strategy, as it can enhance loyalty while decreasing default risk. Furthermore, this type of lending helps a business increase profits by offering attractive terms to customers – such as providing a more straightforward application process or offering discounts when someone chooses this form of payment.
Gifting a Car to a Family Member
Giving someone you care for a car as a gift can be an ideal way to show how much you care. Still, it’s essential to understand that giving one over involves more than simply handing them the keys – maintenance and insurance payments, repair fees, and repair bills may accrue over time. Furthermore, suppose there’s still a loan on it. In that case, negotiations with lenders must also occur before its title transfers into your name – 1803 Capital in Metairie offers some practical tips to make this process smoother for all involved – read further below for details!
Copyright 2018 1803 CAPITAL, LLC. All rights are reserved by their respective owners of trademarks or trade names used herein.
