Archive for October, 2009
A football player was asked once: how do you describe courage? He responded with: standing on the other side of the line knowing that Ronnie Lott is on the other side and he’s going to hurt me – but you do it anyway. In football, the linebacker creates fear, uncertainty, and doubt (FUD) for the quarterback. In other sports such as boxing, a fighter attempts to FUD his component by taunting him.
In marketing, fear is used as a tool to spread uncertainty and doubt abo ut the competition and their products or services. Ever since I left “big” company marketing for the world of small business, I’ve learned that collaboration and cooperation work better than competition.
The media loves spreading FUDs about the economy, terror, diseases like the swine flu, and so on. These days, I can barely stand watching the news because they focus so much on the negative.
What kinds of stimuli are you allowing in your life right now? Are they spreading FUD in your life?
Ways for small business owners to eliminate FUD
1. Change your associations. It has been said that your income is the average of your five closest friends’ income.
2. Take a look at the diagram below: 
- If you look at all the knowledge in the world as a circle, we know about 3% of it. We know who we are (okay you may not agree, just go with the example), we know the make and model of our car or we know we don’t have one, and we know if we have children or not.
- Then, there is 7% of another slice of the circle that we know we don’t know. We know we don’t know how to fly an airplane. We know we can’t perform brain surgery. At least most of us don’t have those skills.
- The remaining 90% of the circle of all the knowledge in the world, we don’t even know that we don’t know it. This is why business associations are so important to get us out of our stuck states because new associations bring new awareness into our lives.
3. A small business coach or mentor can help you gain knowledge in areas that you know you don’t know. You need to invest and acquire the skills to take advantage of these new opportunities in your life.
4. A new coaching and consulting relationship, like a small business finance coach or mentor, can enable you to see opportunities in your small business that you don’t know that you don’t know. They bring new awareness into your life that can have a dramatic effect on your small business, which could result in you earning thousands or even millions of dollars more than you would have if you didn’t have these relationships.
If you are ready to get “unstuck” and out of the small business rut, forming a relationship with Donald Hunter™ is the best place to start.
OH! BTW guys if you haven’t signed up for a free consultation it’s time to take advantage of it now because I don’t know how long it’s going to be available. So go ahead and signup now before it’s gone.
Also get my Business Survival Report it’s absolutely FREE! There’s no catch whatsoever this is just a way for me to give back and help small businesses in these tough times. Here’s the link to my Free Business Survival Report again.
Small Business Owners Report Reasons for Fear
Posted by: | CommentsBeing an entrepreneur is risky. Less than half of new businesses survive the first year and even fewer survive the second year. Of those that are left, most struggle to stay in business and only a fraction achieve more than $1 million in sales.
Why does this happen? Why is it so hard for entrepreneurs to hit the elusive $1 million mark? The reality is that 95% of small business owners never make it to $1 million in sales is because they are “stuck” and don’t know what to do about it.
Don’t let the same thing happen to you. We don’t have control over a lot of things in our small business. Two things we CAN control are our attitudes and actions. Ask yourself: what reward am I getting out of having this attitude? How has the world changed around me? Am I reacting to something real or imagined?
Fear, Uncertainty, and Doubt (FUD):
- “I am not a tech person and I get stuck on implementing changes.”
- “It costs me money to do everything I want to do in marketing. I don’t have all of the money.”
- “Do I need to drop my fees to get more people in the door? Am I too expensive?”
- “What I have to do for an income is an extension of what I have been doing or a slight variation of it, and not something completely new.”
- “I’m stuck/sabotaged by others’ limiting beliefs, and their related results.”
- “There isn’t enough time to do everything I want/need to do.”
- “What if I spend all this time and money and fail in the end?”
- “It’s not okay to do better than my father.”
- “Why would anyone want this information from me?”
- “I don’t deserve to make money and have a successful business.”
- “I don’t have anything different to offer than what’s already out there.”
- “It has to be perfect. I need to make sure it’s done 100% right before sharing it with the world!”
- “Oh, I’ll just learn the software / law / accounting / medicine / system / etc… instead of outsourcing it. After all, my time doesn’t cost anything!”
- “What if nobody buys my product / service?”
- “My time is worth $x/hr, therefore my service should be worth $y.”
- “Now is not a good time to do anything. The economy is in trouble and too many big companies are having trouble staying afloat. What could I possibly do?”
- “People can’t afford anything these days so, why would they pay me the amount I am asking for?”
- “Nothing works the way it is supposed to work. I tried advertising in the: yellow pages, newspaper, coupons; nothing works. People are just not calling or coming in to do business.”
- “Everyone is just hunkering down and waiting. There is no business out there.”
- “Now is a bad time to get into business.”
- “You have to be a very big established company (Apple, IBM,) to do any kind of business.”
- “People just don’t want to deal with someone small like me. Heck, I don’t even have an office!”
- “You have to have lots of money to be successful in business; otherwise it won’t work.”
- “I don’t know anyone that wants or needs my services.”
- “Everything that used to work does not work anymore.”
If you recognize any of these “stuck” states in your attitude and actions, we’d love for you to comment on how it has affected you and how you plan on changing your attitude and improving your actions in order to achieve better business results.
“The Small Business Advocate Show”
Posted by: | CommentsYou can listen to the show to get Donald and Jim’s perspectives too. Just click the player below.
And also read Donald’s outline to get the wide view of how Donald feels about starting your own business right now…
“Should you wait to start up your small business in a tough economy?”
• Indeed. It is the perfect time to start-up your small business. My only caveat is that you should make sure you have what it takes to be an entrepreneur. Entrepreneurs are leaders. They don’t have an entitlement personality. They create opportunities.
• The unemployment rates are at a all time high and you need to create your own opportunities
• It takes 12-24 months to really get a business profitable. Before people buy from you, they have to like and trust you. It takes time to build momentum and get your name out there in the marketplace.
I’m really jazzed about social media because it allows you to get your message in front of a lot of people every day. And it’s mostly free, but hard work to get it going.
• The world is never going to be the same, so if you believe you have new ideas that can affect the world in a powerful way, and then you should go for it. Every business should have differentiation clearly defined as their brand.
When you have a clear vision that impacts people like seniors, people with disabilities, students and anyone who is disadvantage, you can get government grants.
• Small visions don’t attract capital. When your visions are large you become a “capital magnet.” You attract money, a team, partners, and a host of other people who get excited about what you’re doing.
• Michael Gerber, the author of the eMyth says: create a big vision, teach it to young people and get them excited, create the systems around what they do, and watch it grow.
• Just imagine being financially independent?
• Things to keep in mind are you’ll have to wear a lot of hats at the beginning. Your goal is to design yourself out of every roll by creating systems in your business. Once the vision gathers momentum, it’s impossible to wear the seven hats needed in the business.
• I’m going to tell you a story about Paul Hoyt. I met Paul at CEO Space in Tahoe last March. Paul is a consultant that wrote a book called the Foundation Factor. He talks about 7 major functions in a business.
• My point isn’t about what are the seven functions, but that it is rare that one person can do more than 1-2 of these functions well at any given time.
• What you should do to start your business:
• a) Educate yourself on how businesses get started today.
• b) Network with the right people
• The SBA and the SBDC are wonderful sources for inexpensive education and consulting. They will help you write a comprehensive business plan if you are willing to put in the work.
• If you can afford a private club like CEO Space, it too can be a wonderful place to get educated (It’s a mini MBA), build your team, get free advice, raise capital, and get worldwide connections.
• SBA does offer loans to start-ups. The SBA allows projections in your business plan.
• Sometimes start ups with very few assets to collateralize or secure a loan can use factoring since we look more at your client’s ability to pay the invoice being factored. We don’t care if you’ve only been in business for a few months.
As always, Donald welcomes your comments to broaden the perspectives in the Donald Hunter(TM) Financial community.
Donald Hunter
President and CEO
www.DonaldHunterFinancial.com
Central Valley Business Time (CVBT) Radio Show Interview
Posted by: | CommentsLast Tuesday, October 13, Donald was interviewed over Skype by Doug Caldwell from the CVBT about what he’s hearing and seeing from small business owners out there…. Doug asked which the better strategy is:
• Wait until we see clear signs that the recession is over to Start Funding again?
• Or should business owners consider funding now?
Donald lives and works in Silicon Valley and has two teen daughters. The oldest is a sophomore at BU in communications and is now in London for a semester and spending time traveling to cool places in Europe like Rome, Paris, and Prague.
Don’s youngest teen daughter is a senior at Los Altos High and she’s now figuring out what she wants to do for college next year… Donald Hunter spends a few minutes with Doug Caldwell of the CVBT sharing his thoughts on these questions and more…
Please click the player to listen to this great interview:
Call us at (866) 323-9123 to Start Funding Now.
Donald Hunter Business
Financing Expert
www.DonaldHunterFinancial.com
One trillion dollars of commercial debt is coming due over the next decade and needs to be refinanced!
Borrowers will find themselves in better shape if they realize – before it’s too late – that the usual choices for business refinancing are probably unavailable. Most business owners need to consider both new commercial lending sources and new business financing programs. Donald Hunter™ will list a few such funding sources at the end of this article.
Amid the ominous news we are about to share, we also share valuable information to help you navigate through these hard economic times. After reading this post, you will have real solutions to the current problems facing the market. Let’s first address some of those problems.
The Current Situation for Small Business Borrowers:
- Many are less creditworthy due to the magnitude of the economic down turn.
- Sources of funding, such as credit card borrowing and home equity loans, have dried up because of tightening credit standards.
- The few alternative sources of funds and the SBA program are not large enough to handle the demand.
The Timeline:
Now that you have a clearer understanding of the magnitude of the problem, let’s discuss a couple of opportunities for buyers and sellers. Obviously there are opportunities from distressed properties to foreclosures. Then, there are extraordinary deals that if negotiated well could be a a win-win situation for the buyer and the seller. If you currently lease your property that you operate your business from, then now would be an excellent time to think about purchasing that building.
Donald Hunter™’s message is not for all owners to give-up on keeping your commercial property. If your business is one that has tremendous opportunity for growth as we pull ourselves out of this recession, you probably want to look at financial options to secure your position.
On the other hand, don’t fool yourself by thinking you can hold on when the odds are heavily weighed against you. Save your business first, the thing that’s creating income for you. It could be an excellent time for you to lock in a long-term lease at very favorable rates.
• In the next three years an estimated $530 billion of commercial mortgages will come due for refinancing — with about $160 billion due this year, according to Foresight Analytics.
• Commercial real estate, valued at $3.5 trillion in the U.S., has experienced a 39% decline in prices from the peak only two years ago, according to the MIT Center for Real Estate.
• Real Capital Analytics reports that over $2 trillion in commercial properties bought or refinanced in the past five years are upside down on their loans, having fallen below the finance or purchase price.
• CB Richard Ellis said that vacancy rates are up by 15% and they expect to see this rate further increase by the end of the year.
The commercial real estate industry is under tremendous pressure. Capitalization rates (cap rates), which are the ratio of income to appraised value, sharply climbed since the peak in 2007. Appraisers use the income approach to value commercial properties, while incomes and values for commercial real estate are falling dramatically.
At the peak in 2007, cap rates for the best properties were around 5%; which means that buyers were willing to pay $20 for a $1 of income. Cap rates have now climbed to around 8%. Which means that the same buyer would only be willing to pay $12.50 for the same dollar of income. This means that if income was fixed, the value of properties would have fallen by 37.5%.
Whoa, I didn’t mean to get technical here; you can throw out the cap rate techno babble above. When you buy a commercial property, you are buying an income stream and the cap rate measures the risk of the income stream. Cap rates attempt to price out the risk in the market. If you divide the net operating income of the property by the cap rate, you get the value of the property. We’ll go into more about how to value income properties in a later post.
You can see here if the cap rate goes up in your area, the value of the property is definitely going to go down. Cap rates are different in each area or city. Even in a city like San Francisco, you may see multiple cap rates that appraisers and investors use to value commercial properties.
Property Types Most Affected:
- As the unemployment rate rises, the demand for office space has declined.
- As retail sales have weakened, the demand for retail property has fallen.
- Because of a reduction in discretionary travel (elective or optional), hotel occupancy rates and room prices have gone down.
Risks:
The decline in commercial real estate property values represents a huge “rollover risk” for existing lenders now that commercial real estate loans and mortgages need to be refinanced in a down economy. Loan-to-value ratios (LTVs) have risen to very high levels. High LTVs cause lenders to be nervous about extending new credit, even when these loans cash flow.
New Sources of Funds for Commercial Loans
• Bank financing (limited)
• Seller financing
• SBA (as well as other government programs)
• Private lenders (what used to be called hard money lenders)
• Investment groups (angel financing)
You can see that lenders who hold commercial debt are in a precarious situation. As we said at the beginning, In the next three years an estimated $530 billion of commercial mortgages will come due for refinancing — with about $160 billion due this year, according to Foresight Analytics.
As is on the residential side of this crisis, lenders are willing to allow short sales and loan modifications. Donald Hunter™ can help you further understand these options both from the buyer and seller perspectives through our free webinar, “Wealth In Commercial Niches.”
“Wealth In Commercial Niches” is a seminar via conference call offered by Donald Hunter™ Financial to help business owners and investors understand how to access new sources of funds. Here we spend a considerable amount of time discussing refinancing your commercial property:
• Solutions to your refinance situations
• How to access new sources of funding
• Seller financing (you may need to sell)
• Negotiating a great deal!
We also spend time helping people who want to purchase commercial property understand their options and the most lucrative deals in their local markets. It is very useful for new purchasers and people who want to refinance to come together to hear the same message from Donald Hunter™.
It is our hope that all of you who participate in these conference calls will find synergy in helping each other succeed in tough times, whether you are in the market to purchase or refinance. You may be a timely source of funds for people who need help purchasing or refinancing a commercial property.
I want to make investing in commercial niches simple for you. To get more involved in what’s happening right now with commercial real estate and how to profit from “HOT” business niches, you should sign-up for our free webinar on “Wealth In Commercial Niches ASAP”.
OH! BTW guys if you haven’t signed up for a free consultation it’s time to take advantage of it now because I don’t know how long it’s going to be available. So go ahead and signup now before it’s gone.
Also get my Business Survival Report it’s absolutely FREE! There’s no catch whatsoever this is just a way for me to give back and help small businesses in these tough times. Here’s the link to my Free Business Survival Report again.
Is Your Cash Flow In Jail?
Posted by: | CommentsSpring Your Cash Flow From Receivables Jail With The Donald’s Factoring Solutions!
I was interviewed as a resource for a San Diego news publication on Tuesday. The reporter, Ms. Go, told me that she is a financial reporter that covers construction, legal, and real estate in San Diego.
Ms. Go asked what I thought business owners could do right now to get cash to grow their businesses. I shared with her the stories of several business owners who have been able to pay for operating expenses like taking advantage of supplier discounts, paying employee salaries, and energy costs.
Ms. Go had never heard of “factoring.” And, maybe some of you haven’t heard of it either…
Factoring is a quick solution to get cash to pay for operating expenses. In many cases, business owners invoice their clients who then take forever to pay for work that has already been performed. In reality, they are getting an interest-free business loan from you and you really may not be able to do much about it.
Your customers may take 30, 45, 60, or 90 days to pay you the money you’ve already earned. That’s a long time when you have employees to pay and mouths to feed at home. This situation can turn into a nightmare if you are taking on new customers and you don’t have the monthly cash to serve them. You may be forced to refuse new business and risk losing great employees if you can’t come up with some quick cash.
When I tell people that this happens, they can’t believe it. They say to me, “Isn’t this illegal. This is unfair!”
I smile and say, “That’s what you call market power.” The government is actually the worst offender in this wise because they pay their subcontractors in some cases as long as 180 days. Can you imagine working for a half of year without getting a pay check? You would be really ready to “Spring” your cash from “cash flow jail.”
What factoring does is to get you cash now by buying your invoices at a discount. You get 60% to 90% of the face value of the invoice. If you get 60% then you know you are bad at managing your cash flow, your customers are having problems making ends meet, or you’re in a highly risky business. If you get close to 90% of your cash upfront from the factor, then you are really cool.
Well, Ms. Go reporter from San Diego got really excited because she didn’t know that this type of financing existed. I told her that factoring has been done in the apparel industry for hundreds of years and large corporations do it all the time for short-term financing.
She was surprised that small businesses have access to easy business loans right now in the new economy. I told her that factoring isn’t a business loan!
Factors buy your invoices out right. We give you the 60% to 90% upfront and when we collect, you get the rest minus a discount.
The fees for factoring can be thought of like credit card transaction fees or giving your customers a net 2% in 10 discount incentive.
In every crowd someone says, isn’t factoring expensive? It’s not compound interest, for one thing, and remember earlier I said to Ms. Go that it isn’t a business loan. Your margins do have to cover the cost of factoring just like a promotion you run to give your customers incentives to take action on your offer.
There is much more exciting information you can learn about factoring. I’m offering you an opportunity to dig in further and really look at how you can “spring” your receivables and purchase orders from “cash flow jail.”
OH! BTW guys if you haven’t signed up for a free consultation it’s time to take advantage of it now because I don’t know how long it’s going to be available. So go ahead and signup now before it’s gone.
Also get my Business Survival Report it’s absolutely FREE! There’s no catch whatsoever this is just a way for me to give back and help small businesses in these tough times. Here’s the link to my Free Business Survival Report again.
No matter where your small business is on the economic cycle, you must continually look at opportunities to generate more revenue and increase productivity as your small business goes up and down the economic curve.
Equipment financing includes new equipment such as:
• Furniture
• Fixtures
• Software
• Manufacturing machines and tools (large or small)
• Medical devices and equipment (MDE)
Leveraging equipment financing and bringing in new equipment is about increasing productivity. It is about generating more revenue and making your staff more productive.
Donald Hunter™ recommends that you begin with the end in mind. 
Knowing the outcome you want to achieve with equipment financing and the new equipment or project is crucial. Decide on how you will measure the efficiency of the new equipment or project.
You have to analyze how the equipment will fit into your current business processes. Then, you’ll need to implement your new equipment into your business environment and processes.
Implementation may require training and additional personnel. You need periodic steps to improve on the new process and steps to control reliability. Not all projects will require all of these steps, but you should keep these steps in mind when planning for any new equipment acquisitions.
Donald Hunter™ will assist you in determining whether leasing or purchasing your equipment would be more beneficial for your small business. You may have already decided on the option that would be best for you. Your business financing expert helps you make the right decision about whether you can afford to lease or purchase the equipment for your small business.
Donald Hunter™ wants to know your plan for success and how you will determine your effectiveness in the short-term because of the new equipment or project.
Many employees today are doing the work of three people. New equipment could decrease frustrations and other problems your employees may frequently face.
Small Business Equipment Financing Examples:
Example 1: A doctor or dentist needs a digital x-ray scanner to transfer images onto a computer. Keeping track of patient records electronically is safer and more reliable than the old paper method.
Example 2: An entertainment company needs digital video editing software and new computers increase production of high quality DVDs.
Example 3: A manufacturer needs a $2 million laser metal cutter and engraving machine to produce more customized products for their clients.
One caveat to share with you is to make sure you don’t lock yourself into an equipment contract until you have consulted a business finance expert.
A myriad of business equipment financing programs are available to help you no matter what your equipment financing needs.
I’d like to encourage you to participate in our growing community on this blog. You should add your comments to this blog and tell us how you have used equipment financing or how you’d like to use equipment financing to maximize revenue and productivity. It would be very helpful for our friends and subscribers to hear it directly from you.
OH! BTW guys if you haven’t signed up for a free consultation it’s time to take advantage of it now because I don’t know how long it’s going to be available. So go ahead and signup now before it’s gone.
Also get my Business Survival Report it’s absolutely FREE! There’s no catch whatsoever this is just a way for me to give back and help small businesses in these tough times. Here’s the link to my Free Business Survival Report again.
Personal Financial Statements for Commercial Loans Made Simple
Posted by: | CommentsOne of the requests Donald Hunter™ Financial makes when you begin the commercial loan process is for your current Personal Financial Statements (PFS). The residential loan application (1003) sometimes is accepted as an alternative to the PFS, but it is not as easy to read.
A PFS should be less than 90 days old and should show your Assets, Liabilities, and Net Worth. It must show your gross income, personal debt service, and net income on an annual basis.
Personal Financial Statements enable Donald Hunter™ to calculate several key ratios for you:
You probably have heard of the Debt to Income Ratio. Many commercial lenders look for a maximum ratio of 40% of your gross income.
A new ratio, which you probably haven’t encountered, is the Liquidity to Loan Amount ratio. Donald Hunter™ wants to see this number go from 5% to 15%, depending upon your loan request. This ratio should be at 10% or more for construction loans.
Another ratio is Net Worth to Loan Amount. Considering all borrowers, this ratio should be at minimum a ratio of 1.0. However, 1.5 or more would be preferred.
For small business owners, Donald Hunter™ will need to know your sources of income and calculate your personal debt to income ratio (DTI not greater than 40%). We apply any excess DTI ratios under 40% (40%-35%) to your business’s or property’s cash flow. If your DTI is greater than 40%, then we subtract the deficit (40%-45%) from your small business’ or commercial property’s cash flow.
In today’s economy, you should have a minimum Debt Service Coverage Ratio (DSCR) of 1.2 to 1.3, depending upon the small business or commercial property type.
This is the first thing Donald Hunter™ does when we look at your situation for a commercial loan, in order to quickly let you know where you stand.
Could Money Help Your Small Business In The Recovery?
Posted by: | CommentsIn the midst of the heart wrenching news for the unemployed in the current economy, there are plenty of small businesses with huge opportunities for growth. Unfortunately, these opportunities are not broad enough to help the unemployed in all sectors, and won’t be, until we see several sustained quarters of GDP growth. When the broader economic pendulum swings in a more positive direction, then we will have increasing job opportunities for those looking for work.
At Donald Hunter™ Financial, we focus on the possibilities available for your small business in your local market despite the current financial state of our country.
What we offer:
- Business acquisition loans.
- Business line of credit (working capital)
- Commercial loans for real estate (purchase and refinance)
- Equipment financing
- Inventory financing
- SBA loans
We encourage you to see the glass as half full rather than half empty. We want to help you with your financing needs; it just needs to make sense given what’s going on in your local economy.
Contrary to the bullish expectations in Wall Street, consumer attitudes fell by more than one point in September after rising in August. The increase in August can partly be attributed to reports of the recession coming to an end and the “cash for clunkers” program. Federal Reserve Chairman Ben Bernanke said in early September that the recession is very likely over at this point. Yet, he warned that the economy might continue to feel weak to consumers for some time as people adjust. Are you one of those companies that are experiencing growth in the midst of lagging economic indicators? Are you still hiring even though unemployment is rising and consumer confidence is decreasing?
During this economic crisis many businesses have cut back on their inventories to guard against being stuck with unsold merchandise. Manufacturers slashed production outputs to record lows. Now that the economy seems to be finding a bottom, production is expected to ramp up to restock those depleted inventories. Businesses are also increasing their investments in equipment such as computers.
According to David Roche, global strategist at Independent Strategy Limited, strong business investment won’t be sustained until it’s clear there is strong consumer demand for more goods and services. What he doesn’t say is that it’s all about “location, location, location.” Another point he doesn’t say is your competition may be far weaker than you, so your access to money is crucial in grabbing market share!
It is very important to keep the broader economy in perspective, but your business may be shielded from their effects. You may consider purchasing your competition to strengthen your business for the future. Purchasing the building you currently lease could also be another excellent opportunity while interest rates are low and commercial real estate is at bargain prices.
With our finance expertise at Donald Hunter™ we help you take advantage of local market trends despite the global economic melt down.
Will your business benefit from Federal spending? This is a huge question you must get answered quickly so that you position your business financing appropriately for growth.
Uncle Sam has issued the biggest spending programs in history, roughly $1.5 trillion in less than a year. A separate alphabet soup of money transfers from the Federal Reserve added another $1 trillion, much of it to guarantee loans and buy up bad investments from banks that couldn’t sell them, freeing up cash for them to lend. You may have some concerns about a commercial loan that’s coming due or you may already be in default or in foreclosure. Donald Hunter™ can help you understand your refinance options to avoid losing your commercial property. SBA loans are available to refinance loans coming due.
The government’s strategy seems to have worked, and much of the planned direct government spending is still in the pipeline. The hope is all that federal spending gets the gears of the economy turning again with enough momentum that as the federal spending spigot starts to slow down, other sectors of the economy will take up the slack.
Program pitfalls:
- Are you protecting your business against possible inflation? You may want to purchase inventory before the end of the year to get tax benefits and to stock up on inventory before prices increase. A business line of credit can help you purchase inventory and equipment. It will allow you to hire employees and get them trained to ramp-up your staff before the phones start ringing, orders begin to come in, and the services need to be delivered.
- At some point, the Federal Reserve will have to unwind its trillion-dollar infusion of cash or risk igniting another asset bubble or nasty round of inflation.
- If it unwinds too quickly, it risks setting off another panic in the financial markets.
- If it leaves its policy in place too long, bankers will assume they can keep making risky loans and sell them to the Fed if they go bad.
- The government’s direct spending is being funded entirely with borrowed money. If investors stop buying up the debt, that could force interest rates higher, creating a big problem for businesses and consumers who need to borrow money later.
Which is why the time to start funding is now.
I want to make investing in commercial niches simple for you. To get more involved in what’s happening right now with commercial real estate and how to profit from “HOT” business niches, you should sign-up for our free webinar on “Wealth In Commercial Niches ASAP”.
OH! BTW guys if you haven’t signed up for a free consultation it’s time to take advantage of it now because I don’t know how long it’s going to be available. So go ahead and signup now before it’s gone.
Also get my Business Survival Report it’s absolutely FREE! There’s no catch whatsoever this is just a way for me to give back and help small businesses in these tough times. Here’s the link to my Free Business Survival Report again.
Business Lines of Credit
Posted by: | CommentsNeed the flexibility to take advantage of business opportunities as they arise?
A Donald Hunter(TM) Financial business line of credit can help. As the owner, you can get cash to use toward the purchase of inventory, equipment, or to improve cash flow. Business lines of credit are usually repaid from your business’ operating cash flow (e.g., cash payments and collection of receivables).
Two types of lines of credit
1. Reusable
A reusable line of credit allows you to withdraw, repay, and borrow again up to the original amount committed by your lender throughout the life of the loan.
2. Non-Reusable
A non-reusable line of credit allows your business to borrow an amount either in a one-time lump sum or a loan disbursed over a period of time. Each time repayment is made, your available credit is reduced by that amount.
Taking out advances is fast and easy. You can choose automatic pay downs, cash advances from your line of credit, and investment of your excess cash balances.
Get Flexibility!
You can use a line of credit for a myriad of purposes:
- Pay for seasonal changes in inventory and receivables.
- Take advantage of supplier discounts.
- Have cash for emergencies.
Call us at (866) 323-9123 to Start Funding Now.
