January 30th, 2010When Your Bank Says No – Small Business Owner Alert
What are you going to use for money to keep your business operating when your bank says “NO” to your loan request? You say “Oh my bank won’t say NO to me. I have been a customer of theirs for twenty years”.
Ask thousands of small and medium sized businesses people that said the same thing. One day they left their bank stunned from what their banker said, “NO” to their loan request. They no longer had a line of credit, purchase order loan or any bank financial assistance that had once provided the funds to keep their businesses operating.
Do you think the recent decisions of Congress are going to fix this problem for you? I don’t think so, certainly not in time to save your cash starved business. Those recent financial decisions by Congress are to bail out some of the world’s largest financial institution to hopefully save America’s entire economic system. Until that is fixed, money for the small business owner is likely to dry up completely.
Would you agree it would be a good idea to have an alternative source of funds?
The good news is there is a solution for the small business owner. There is an alternative source of funds for Business Owners. It is The Secondary Market, often referred to as the “cash flow” market or Alternative Commercial Financing ( ACF ).
I have written several articles for my readers on how to take advantage of the Secondary Market, and its benefits. The previous articles recommended that homeowners to include “Owner Financing” in their ads and signage when trying to sell their homes. In this scenario, private investors furnished the money for the purchase of the home, and providing the loan for the homebuyer who could not qualify for a conventional loan.
This article is to introduce you to the
Secondary Market and Alternative Commercial Financing
( ACF )
for the small business owner.
The Secondary Market and Alternative Commercial Financing ( ACF ) have been around for over sixty years. These markets are financed with private investors monies. They maintain a low profile. Private Investors do not advertise how much money they have for obvious reasons. However the Secondary Market is a legitimate, legal, and ethical industry. Those virtually unlimited private funds are readily available for you and other business owners, through ACF Consultants. These consultants are usually entrepreneurs, financial planners and others that work in the financial arena.
The Secondary Market has exploded since the home loan problems began in the mid-nineties, and is now even more in demand because business owners are now loosing their businesses, while still trying to get money from banks.
ACF is marketed primarily by individuals or small groups of entrepreneurs, and financial consultants. ACF fulfills all of a bank’s lending functions, and much more, including purchasing of most types of cash flow, structured settlements, and bankruptcy funding, to name a few.
If you now depend on any bank for money to help grow and maintain your business, I recommend that you contact an ACF consultant NOW for a free consultation. You can arrange an active or back up working financial plan for your business.
By taking this action now, you should never have to worry about loosing your business and livelihood because your bank said “NO”. If you are already in financial trouble because of a lack of money, contact an ACF consultant anyway, and let him help you devise a plan to get your business back on track.
ABOUT THE AUTHOR: Louten Hedgpeth, CFP ( Ret ), Alternative Commercial Financing (ACF) Consultant, continues to provide “Solutions” to financial problems, whose answers often are not always readily found in print, if at all.
Since the mid 1990s when the banking and credit systems started coming apart, Louten has been working in the “Secondary Markets” full time to help business owners who are in financial trouble or heading there because of their inability to get money from banks and other financial sources. Louten may be contacted toll free at 877 262 5614 or Email Loansuccess1@aol.com Free Consultation.
