Wealth Management Group


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214-986-8578
409 NM Highway 528
Rio Rancho, New Mexico 87124

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loans

In finance, a loan is the lending of money from one individual, organization or entity to another individual, organization or entity. A loan is a debt provided by an entity (organization or individual) to another entity at an interest rate, and evidenced by a promissory note which specifies, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time. The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent.

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409 NM Highway 528 North East
Rio Rancho, NM 87124

Office: 505-892-3300
Fax: 505-892-3400

While you spend time building your business, Bill can help you invest in your family's financial future.

He will first focus on creating strategies to help protect your family's long-term security, while also working towards steadily increasing your nest egg. He can show you imaginative new ways designed to help you increase your business success into potential lifetime prosperity for you and your family.