Goldstalk

Sometimes paying a loan early is not the best idea. As a borrower, you may be required to pay a fee called prepayment penalty.

What is a prepayment penalty?

Pre-pay penalties are simply a way for lenders to make more money and to guarantee a minimum yield on the loans they write. The prepayment fee discourages early payoff through a refinance or sale and represents a large loss to the real estate owner if not accounted for when applying for a loan. Always ask for a detailed written explanation of any prepayment fees when applying for a loan or signing loan documents.

The different types of prepayment penalties are...

1. LOCKOUT PERIODS
2. FIXED
3. STEP-DOWN
4. YIELD MAINTENANCE
5. DEFEASANCE

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TAG someone who needs to know this!

Most businesses require money to start and/or maintain. Sometimes it may require more than expected costs. You may not have enough funds to start up your business or you need more money to scale your business. In most industries, going to a bank or credit union is a brainer. However, someone in the cannabis business may have trouble getting approved. Due to cannabis being illegal on the federal level, many financial institutions see the application as a red flag and risk.

So where do cannabis business owners go? This is where companies like Goldstalk LLC come in to help. We offer a range of cannabis lending solutions. An applicant can get approved for funding to start a business, meet goals, and grow. Goldstalk accepts and works with a variety of business types within the cannabis space.

Find out who are the six types of businesses we work with: https://lnkd.in/gyryjEfC

Goldstalk provides debt and equity to the cannabis industry. Our team pays most attention to California and Nevada based opportunities that are intelligently framed and that are insulated from the risks inherent to the industry.

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