For example, a seller age 60, who sells an asset in August 2003, for $1,000,000 with a 20-year balloon note
structured as a SCIN, must use a rate of 5.
Founded in 1984 and headquartered in Denver, The Aimbridge Group markets financial products, such as auto loans, leases balloon notes
and insurance products through partnerships with credit unions.
But sometimes balloon payments can ruin borrowers who do not have a rising stream of income and who are unduly influenced by the lower short-term cost of a balloon note
Balloon notes are a hybrid of a traditional loan and a lease.
The company offers the balloon notes to credit unions through a direct or an indirect method.
Balloon notes can be obtained through an Internet solution on The Aimbridge Group's Web site.
Balloon notes also present members with another financing alternative for a car so they don't have to have a fully amortizing loan, offering them a lower payment.
The Aimbridge Group, a provider of financial products through partnerships with credit unions, announced that it offers balloon note financing on automobiles to credit union members.
For manufacturing, designers can add balloon notes
to their exploded assembly drawings and place the bills of material on manufacturing drawings.
DRAFT-PAK Mechanical also includes automatic feature labeling for industry standard or customized manufacturing labels, balloon notes
that incorporate automatic stacking/numbering, automatic tabular dimensioning and hole labeling, and a MicroStation Cell Library of over 500 symbols for fluid power, piping, electrical, sheet metal, and logic.
There was no specific language that identified Reverend Hargraves' loan as a balloon note