A Helpful Analysis On Logical Plans Of Commercial Lending

Unsecured business loans on the other hand do not require collateral for the loan amount. A. Overwhelmingly, however, 504 loans are not meant for new businesses that should be more concerned with using their capital to establish their place in the competitive landscape. lets do it one step at the time. Another important purpose of maintaining an accounting system is that it provides you with a tool to assess your businesses performance. Needless to say, when you do not deal with your unsecured small business loan appropriately, it could in simple fact do very much more harm than very good. You might find accounting boring, but you cannot avoid it.

The government loans are usually secured type of loans that are given to the business owner who can prove that the community in general will be benefited by the business project. It will not only help you keep track of https://www.youtube.com/watch?v=SHQm2c6YRLw all the receipts and expenditures, but will also help you create quality financial reports. First off, the SBA loan is a bit of a misnomer. Produced in 1953, the objective on the SBA is always to guide make sure competitiveness inside the marketplace by educating modest enterprise owners concerning the procedure of obtaining business loans as well as will support them in approaching financial institutions along with other lending institutions. For example, you are going to be the president, in cost on the above all direction on the organization, you can be https://www.youtube.com/watch?v=8dnqauHp5xE also the secretary in cost of to get calls, producing appointments, and maintaining points organized. More than 20 million US people get government grants every year. Business credit may definitely help him getting business loans to great about his extent.

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Overdraft checking account: A line of credit checking account that allows the account holder to write checks for more than the balance in the account. They will have no legal ownership in the business, but remember to pay back, as nothing causes more tension in a family than money matters. Dividends per share: It is known as the sum of declared dividends for every ordinary share issued and is derived by the total dividends paid out over an entire year divided by the number of outstanding ordinary shares issued. More professional investors, like venture capitalists, can be a great source of financial support for you in these conditions. Look for Errors in Your Credit Report There can be quite a bit of errors in your credit report; have someone looks it over for you before spotting these. Long hedge: This is a hedging strategy used by business manufacturers who want to lock in the price of a commodity, to be purchased some time in the future to secure an advantage over the possible price increases. You will be taken more seriously, if your financial planning is sound, detailed, and informative. Although meetings and conferences with reactors is important, having a website and managing it properly can give a huge advantage to your business. You will be required to show that you are receiving a periodical income and are financially stable. Net income: Net income is the total income or earnings earned by a business and is calculated by subtracting the costs incurred by a business from its total revenues.

Also in March, the Board authorized a program to repurchase up to $100 million of BOFI common stock at our discretion based on our assessment of the stock trading price, general market conditions and other considerations. Other Highlights: Total assets reached $7,705.6 million, up $2,177.1 million or 39.4% compared to March31, 2015 Loan portfolio grew by $1,393.4 million or 30.0% compared to March31, 2015 Loan originations and purchases for the three months ended March31, 2016 were $1,248.5 million, up 17.97% compared to the quarter ended March31, 2015 Deposits grew by $1,679.3 million, or 38.4% compared to March31, 2015 Asset quality remains strong with total non-performing assets of 0.31% of total assets and non-performing loans and leases equal to 0.39% of total loans and leases at March31, 2016 Return on average common stockholders equity was 22.59% compared to 17.86% for the three months ended March31, 2015 Tangible book value increased to $10.23 per share, up $2.21 per share compared to March31, 2015 Third Quarter Fiscal 2016 Income Statement Summary During the quarter ended March31, 2016, BofI earned $35.9 million or $0.56 per diluted share compared to $21.1 million, or $0.34 per diluted share for the quarter ended March31, 2015. Net interest income increased $18.9 million or 37.3% for the quarter ended March31, 2016 compared to March31, 2015, due to the $1.9 billion growth in average-earning assets. The loan and lease loss provision was $2.0 million for the quarter ended March31, 2016 compared to $2.9 million for the quarter ended March31, 2015. Non-performing loans as percentage of total loans was 39 basis points at March 31, 2016 compared to 72 basis points at March 31, 2015 and, for fiscal 2016 year to date, the Bank has experienced a net recovery of $0.8 million. As a result of the decreasing charge-off history, the additional loss provisions added for loan originations and for the equipment lease purchase this quarter have been partially reduced by lower loss rates and lower outstanding balances associated with certain older vintage loans causing a decline in the provision year over year. For the third quarter ended March31, 2016, non-interest income was $23.3 million compared to $8.4 million for the three months ended March31, 2015. The increase year over year was the result of an increase in banking service fees and other income of $16.3 million, primarily due to seasonal H&R Block-branded products and service fee income. Non-interest expense or operating costs increased $9.1 million to $29.4 million for the quarter ended March31, 2016 from $20.3 million for the three months ended March31, 2015.

For the original version including any supplementary images or video, visit BofI Holding, Inc. Announces Record Third Quarter Net Income, Up 70.4% | Business Wire

Apart from this, you ca also check the lender’s reputation and public standing from the Chamber of Commerce. You can also consult your local banks to get a few good names. Business writing to a large extent is overwrought with legalities. Random sampling: Sampling is that part of statistical practice concerned with the selection of individual observations intended to yield some knowledge about a population of concern. Sample Mission Statements for Business Search engine giant goggle’s mission is “to organize the world’s information and make it universally accessible and useful.” In particular, but without limitation, no warranty is given that the Goods are suitable for the purposes intended by the Client. He will act as an mediator between the mortgage lender and you, and will help you complete all the formalities. Adjustment interval: On an adjustable rate mortgage, the adjustment interval is the time between changes in the interest rate or monthly payment based on the index. Financial leverage ratios: The ratio of the debt owed by a business to the equity held by the shareholders of the organization is known as the financial leverage ratios. Low loan rates also provide an opportunity to people to spend more on other things, thus creating a demand for various goods and services, and thereby spurring the growth of economy.

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It would be prudent to consult an attorney, who is knowledgeable about commercial mortgage transactions for further details. It also contains the non-circumvention clause that prevents the borrower from circumventing the broker, and applying directly to the lender who has accepted the broker’s loan application for the same. The broker is entitled to verify the borrower’s credit score, credit history, business income, assets, and other documents as deemed necessary. It is evident that the fee agreement needs to be detailed and plug all the loopholes that may allow the borrower to evade brokerage. The fee is payable to him, once the lender agrees to finance the property in accordance with the terms laid down by the borrower. He is entitled to a processing fee that is non-refundable, irrespective of whether the proposed transaction is completed. He is also entitled to a commission, that is calculated as a percentage of the loan amount, irrespective of the closing costs or points paid to the lending institution. The borrower uses the services of a broker, who strives to find a suitable commercial mortgage loan program for the former. For instance, the borrower may try to shop around for other mortgage lenders who charge lower points, and may decide to back out of the deal just before closing the same.

The biggest class of Triple A rated securities cleared at Swaps plus 129bp, or 44bp tighter than the Deutsche’s deal last month with non-bank loans, which pushed out pricing to new multi-year wides, according to IFR data. The new CMBS priced tighter from whispers across its tranches, making it the tightest print this year. Some said the absence of non-bank loans drove demand for the deal. The deal pooled 33 loans of which Deutsche Bank contributed 81.4% and JP Morgan originated 18.6%, according to a Moody’s Investors Service report. Its positive outcome was a rare bright spot in a market struggling to find its feet. “We think about eight more conduit deals may come to market through May,” Credit Suisse research analysts Roger Lehman wrote on Thursday. “From then, however, we may not see any conduit transactions, through the end of the second quarter.” Volumes for newly completed deals are being forecast at just US$40bn-60bn this year, a major drop from the US$100bn annual output seen in the past few years. START OF A SHIFT The significance of two major investment banks standing by the sector through tough times was not lost on investors.

http://finance.yahoo.com/news/deutsche-jpm-way-forward-reworked-132704763.html

However, inexperienced brokers, who are not equipped with a commercial broker fee agreement, may find themselves in the situation of having to sue the borrower for unpaid brokerage. He is entitled to a processing fee that is non-refundable, irrespective of whether the proposed transaction is completed. The borrower is not allowed to fill out another loan application or withdraw the original loan application without prior consent of the broker for a period of 36 months from the date of the agreement. The fee is payable to him, once the lender agrees to finance the property in accordance with the terms laid down by the borrower. This may happen due to a number of reasons. Although, he is allowed to work with other co-brokers and share the commission as deemed appropriate, he cannot evade brokerage by working with a co-broker or with the lender who has accepted the broker’s loan application. The broker is entitled to verify the borrower’s credit score, credit history, business income, assets, and other documents as deemed necessary. The broker spends hours putting together a deal that is not closed, and to top it all, he/she does not get paid for the work that is done.

An Ideas Overview On Crucial Details Of Lending Company

Increases in small business lending are widespread across self participants, with 95.8 percent of participants having increased their small business lending over baseline levels. You decide whether the borrower needs to pay back a specific amount every week or month, or whether he pays back the total loan amount when he has the funds. “Banks make a very good premium of 12 percent to 16 percent,” said Rohit aroma, CEO of Biz2Credit. Robert Kirk/Photodisc/Getty Images Hard money is money that is supplied by private lenders, as opposed to banks. In addition, a small business must meet the credit qualifications of the lending partner. Find out how we’re different. His prediction: “In the next six months, you will see more small banks coming into this space.” Thank you! Gulf Coast Bank & Trust Co. has a special designation as a Preferred Small Business Administration SBA Lender. Sixty-two percent say the current business environment makes it difficult to secure new financing. OnDeck Capital is currently in its quiet period before going public and declined to be interviewed for this story.

The merger is expected to close on May 13, 2016. Based on December 31, 2015 financial data, Hamilton will acquire approximately $161 million in assets, $113 million in loans and $112 million in deposits, and will increase its branch network with new locations in the Pigtown community of Baltimore City and Ellicott City, Maryland. Material terms of the merger and merger agreement were previously included in a current report on Form 8-K filed with the SEC on October 14, 2015. We look forward to completion of the merger and welcoming Fraternity customers to our expanded portfolio of products and services, including mobile banking, remote deposit and cash management, said Robert DeAlmeida, President and CEO of Hamilton. We are also excited to welcome the Fraternity team who has built lasting relationships with their customers. Please direct all media inquiries to Josie Hankey at 410-420-2001 or by email at josie.hankey(at)fallstongroup(dot)com. Please direct investor inquiries for Hamilton Bancorp to Robert DeAlmeida at 410-823-4510. Please direct investor inquiries for Fraternity Community Bancorp to Tom Sterner at 410-539-1313.

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Based.n late Tuesday’s pricing, OnDeck Capital raised about $200 million from its APO, valuing the firm at about $1.32 billion. Create a contract. Rather, it sets the guidelines for loans, which are made by lending partners nationwide, including banks and economic development organizations. If you prefer that we do not use this information, you may opt out of on-line behavioural advertising . In addition, a small business must meet the credit qualifications of the lending partner. Related Reading: What Is the Difference Between a Small Business Participation Plan & a Small Business Subcontract? The GSBL is supported and staffed by the Middle Georgia Regional Commission. Banks aren’t the only place to get SBA loans. I wasn’t prepared for the sudden increase and began stressing over how to take care of the unexpected boom.

Some Emerging Opportunities In Primary Issues For Business Lenders

The formula for debt yield can be stated as follows: Note that this formula is for a first mortgage loan, since many commercial estate loans now involve mezzanine financing4. An administrative review is usually used in context to the appraisal of the book value of a real estate and basically, deals in the underwriting issues. Disclaimer: This template is for reference purposes only. Considering the large initial seed capital required to finance large-scale projects, businesses have no option other than opting for commercial loans from banks, unless they have angel investors or venture capitalists, backing them up. These include: The home-owner should make a humble request to the mortgage company for the possible modifications, in order to make the payments affordable. Real estate investor loan, in some cases is simply referred to as real estate loan. Accrued Interest is the interest, accumulated on an investment but is not yet paid. Reconciliation services cater to the demands of individuals and huge organizations that have many transactions taking place every day.

Read.ore on, What is a Bridge Loan . At times, field audits are also conducted in order to assess the financial situation of debtors, especially corporations, who have availed huge loans. Loans have become very commonplace now. The application includes a business plan which details the way in which the loan amount will be utilized. It is quite a complex transaction, owing to the fact that the initial lending from the lender to the borrower is different from from usual loans, and there are several intricacies involved in the process of lending and repayment. The borrower is not allowed to fill out another loan application or withdraw the original loan application without prior consent of the broker for a period of 36 months from the date of the agreement. You need to follow up with your clients after they get their bank loans and ensure that mortgage payments are made regularly. This relates to a provision regarding bank notes of hand or guarantees, and includes the authorization of the borrowers or sureties given to the bank, to create a judgement lien, at any time after the completion of the legal instruments. Sometimes, due to the unavailability of buyers, the builder is forced to rent out most of the apartments.

Tips On Major Criteria In Commercial Lender

The Board of Directors evaluate and ultimately approve applications for funding from the various loan programs offered by the GSBL.   We can provide funds to a large variety of business types including restaurant loans, bar and nightclub loans, medical business financing, and more! Hard money loans are often easier to get than bank loans, but they come at a big cost, and a big risk, to the borrower. His prediction: “In the next six months, you will see more small banks coming into this space.” Hear From Our Customers › You can receive a decision in minutes and funding as fast as 1 business day. This trend has created an opening for scrappy smaller players, including Salt Lake City, Utah–based Celtic Bank, which is lending across the country. Because we’ll help you find the right financing solution for your business and provide great service along the way. The non bank financial system is estimated at $3.2 trillion in the U.S. and $15 trillion globally, according to the Bank for International Settlements. “It allows an institution like ours to make a lot more loans than we would be able to.” No matter how large or small your business may be, Gulf Coast Bank also offers a variety of  business banking options  .  You really are the reason folks like me stay with your company.

This slide show highlights data points from a table on the small-business lending of large lending institutions those with total domestic assets of more than $10 billion within the SBA’s most recent report. Banks aren’t the only place to get SBA loans. Here’s what they’re saying: “My friends and I started Waterfront Wines about a year and a half ago. To keep the loans flowing, Celtic Bank has built an on-line application into its website. It’s a truly professional team. Depending on the specific situation, the government may set the loan’s interest rate, or you may be able to set your own interest rate. We hadn’t had too much experience with lenders, but OnDeck has set the bar pretty high. Based on late Tuesday’s pricing, OnDeck Capital raised about $200 million from its APO, valuing the firm at about $1.32 billion. Small Business Administration is a federal agency committed to furthering the growth and development of small businesses.

Helpful Questions On Rational Commercial Lenders Strategies

cloudier says the key to success with banks is to show past profitability, and to describe a well thought-out plan for future profits. Because they want to lend to community businesses, they may approve loans that require more complex methods to secure or overlook elements of a spotty loan application if other aspects of the small business are strong. Here’s how it works: We gather information about your on-line activities, such as the searches you conduct on our Sites and the pages you visit. Not every small business owner needs loans which number in the hundreds of thousands of dollars. The best place to get a small-business loan is still a bank, says cloudier. This can be very helpful for businesses just starting out. Be part of an elite SBA preferred lending team focused on advancing small businesses across the United States. U.S. Photo illustration by Ray Bella Which lenders make the most small-business loans? You may find yourself in need of money to cover cash floe requirements., new equipment or a larger facility or, if you’re just starting out, you may need to purchase inventory.

Hard money loans are often easier to get than bank loans, but they come at a big cost, and a big risk, to the borrower. Small Business Administration is a federal agency committed to furthering the growth and development of small businesses. “There were problems during the recession in the secondary market, but it has come back,” said Bob Coleman, editor of the “Coleman Report,” a trade newsletter for small-business bankers. Because borrowing from a hard money lender is high risk for any start-up business, you need to make sure that you thoroughly check out any company or individual that you are considering borrowing from. They are looking for great business ideas, at the right time, with an airtight business plan, that includes contingency scenarios and realistic forecasts, backed by experienced and professional people with some financial stake in the business. The best place to get a small-business loan is still a bank, says cloudier. “Banks make a very good premium of 12 percent to 16 percent,” said Rohit aroma, CEO of Biz2Credit. Sawyer will develop relationships with hundreds or thousands of lenders and investors, so the key is to sell the broker on your business plan and get him or her sufficiently excited about your project to recommend it to the right lenders or investors. You know exactly what your business needs to thrive. Every lender or banking institution defines risk differently, and most traditional financing institutions do not provide high risk business funding opportunities.

Some Basic Questions For Recognising Core Criteria Of Business Lenders


Apply for incorporation to establish your company as its own legal entity. Financing available in 41 States. Financing means that it gets the money from other businesses or sources, in return for obligations. … Whether you will be loaning to small start-up businesses or large building firms, design loan packages with your clients in mind. Rates are typically fixed for five, ten or sometimes even twenty years. We do all types of loans of commercial loans. Corporate Retirement Plan Services The PrivateBank’s Commercial Real Estate Group builds relationships with dynamic and growing companies that develop, own and operate income-producing properties. We start each assignment by carefully listening to our clients goals and objectives; preparing a no cost company / property analysis; and if we have a financing solution; clearly communicating the terms, conditions Our staff has over 50 years combined commercial lending experience.  For life companies, this more crowded landscape is a counterweight to improving economic projections and growth in the number of qualified borrowers.

OceanFirst Financial Corp.’s press releases are available by visiting us at www.oceanfirst.com . Forward-Looking Statements In addition to historical information, this news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which are based on certain assumptions and describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” “will,” “should,” “may,” “view,” “opportunity,” “potential,” or similar expressions or expressions of confidence. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to: changes in interest rates, general economic conditions, levels of unemployment in the Banks lending area, real estate market values in the Banks lending area, future natural disasters and increases to flood insurance premiums, the level of prepayments on loans and mortgage-backed securities, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company’s market area and accounting principles and guidelines. These risks and uncertainties are further discussed in the Companys Annual Report on Form 10-K for the year ended December 31, 2014 and subsequent securities filings and should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. OceanFirst Financial Corp. (1)Includes a general credit fair value deduction of $1,722,000; a fair value deduction on credit-impaired loans of $1,205,000; an interest rate fair value benefit of $980,000; and further credited by the write-off of Colonials capitalized loan origination costs of $1,650,000.

http://finance.yahoo.com/news/oceanfirst-financial-corp-announces-quarterly-214500547.html

Tower Lending specializes in No income verification / Stated Income Financing for investor owned Commercial & Residential properties Multifamily, Mixed Use, Condo’s, Office, Retail, Warehouse, self Storage, Auto Service, and even residential non-owner occupied properties! Even well-diversified portfolios came under systematic pressures that could only be offset by consistent underwriting. This commercial mortgage portal allows you to apply to 750 commercial real estate lenders in just four minutes. For life companies, this more crowded landscape is a counterweight to improving economic projections and growth in the number of qualified borrowers. Even if the lending profiles of the different classes of institutions vary dramatically, the extent of overlap has increased as lenders of all stripes have gravitated to higher-quality borrowers. Life companies seldom make loans of less than $5 million, and almost every commercial property that they finance are trophy properties.   Absent robust competition to originate mortgages to institutional borrowers, life companies have expanded their share of the secured debt market while working to hold the line on underwriting standards. If you are going into business with partners, submit the full amount of financing that will come from you as well as your partners. Our Commercial Real Estate Group offers a wide range of credit structures with varying maturities. We start each assignment by carefully listening to our clients goals and objectives; preparing a no cost company / property analysis; and if we have a financing solution; clearly communicating the terms, conditions Our staff has over 50 years combined commercial lending experience.  Financial Professionals Embracing the Needs Protective’s experience in commercial real estate lending has been excellent as a result of careful management and an emphasis on specialized segments of the market. A commercial finance company is in the business of lending money to other customers, and each state has strict rules for this type of work.

Finding Answers For Elementary Small Business Loans Strategies

Either way the shareholders are screwed but this way the clients will be better off. Then again, the statement is vague. If you’re looking for a forex broker , check our listing . We’ve added Dukascopy Europe to the list. Ifyou’re looking forsomeone solid and reputable, they’re a broker I recommend. What still eats me up is that I was seconds away from making a retirement trade on SNB day, read about it here . Interactive Charts Default Setting Please note that once you make your selection, it will apply to all future visits to NASDAQ.com.

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Our.uick on-line application is simple and takes only a few minutes. Please provide a real phone number. February 21, 2015   Financial Assistance If you have bad debt, you are even more a risk for any lender. Please provide your full name first and last name . The Christmas operations for Santa Claus, his elves, and reindeer need to adopt 21st Century methods to improve service levels to children and improve productivity given the capacity constraints in Santa’s North Pole workshop. You can use the funds you receive in any way you choose.

More Top-performing Manufacturers Receive All Of Their Receipts Electronically Or Automatically….

The method is simple and convenient which makes processing fast. Th American government experience provides very gοοd insight t аnу government considering improving outcomes through performance management. The Private Equity Firm That Grew Too Fast Flush with cash, Providence Equity Partners made a series of risky, and disastrous, bets during the private equity boom. instalment loans, mοѕt lenders hаνе the facility t the amount Mn a day Rf submitting the application; уου wall get paid the amount t the bank account. Conquering the Challenge of “Doing More with Less” Today’s CFO is increasingly called upon to “do more with less.”

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9 hours ago Done WILMINGTON, Del.–(BUSINESS WIRE)– The Board of Directors of The Bancorp, Inc. ( TBBK ) has named John C. Chrystal, a member of the board, as Interim Chief Executive Officer of The Bancorp, Inc., and President of The Bancorp Bank, subject to regulatory review. Frank M. Mastrangelo, resigning from his position as President, CEO, and director, will continue to leverage his expertise in financial technology in the new role of Technologist in Residence for The Bancorp, Inc. Chairman of the Board and Executive Vice President Daniel G. Cohen remarked: We are excited to welcome John as Interim CEO.

http://finance.yahoo.com/news/bancorp-appoints-john-c-chrystal-123000645.html

You can then call these banks, life companies, conduits, refit’s or hard money lenders directly or submit your commercial loan request electronically, six commercial lenders at a time. The lender’s impression of a client adds or subtracts from his ability to get a loan. Temporibus abAtem quibusdam et abut officiis debits aut rerun necessitatibus saepe eveniet ut et voluptates repudiandae dint et molestiae non recusandae. Small businesses don’t usually have access to the capital markets. Borrower Service: With hundreds of lending sources and in-house underwriting expertise, if your loan is finance able, we will get it done. 9/2014 – $6.3 million Ski Resort: The Client was looking to refinance their existing ski resort out of an SBA 7A loan with a higher variable interest rate, and was also interested in getting additional capital to make improvements to the property. The commercial lender probes financial statements and assesses business stability as he builds the client’s financial profile. When fast-track companies can’t sell stock or bonds into the public markets, commercial loans provide needed funds.

A Client Shouldn’t Ask For Credit Based Upon Peak Cash Flow Even If The Lender Extends Generous Terms.

Commercial lenders & loan terms edit In recent years there have been some significant advances. All loans are subject to review of required underwriting criteria – we reserve the right to approve or deny any loan request for any property at our sole discretion. In order to bring our clients a wide variety of financial products that can be specifically tailored to their needs, CD partners with various financial institutions and government-sponsored agency lending platforms including: Banks/Institutional Lenders, Life companies, Hedge Funds, Real Estate Investment Trusts refits, Private Lenders, fannies Mae FNMA, Freddie Mac FHLMC, Small Business Administration SBA, United States Department of Agriculture USDA, and the Federal Housing Authority division of the Department of Housing and Urban Development FAA / HUD. You must put a lock box on the home with a code we will provide you. If you feel you have received this message incorrectly, please send us an email or… Restrictions apply.