The Most Overlooked Source of Funding for Real Estate and Small Businesses

Most new entrepreneurs attempt to search for checkbook credit extensions or SBA advances. While these are substantial decisions, the issue with these sorts of advances is that they require a great individual FICO assessment more often than not inside 760 or more, and also a set up business with great income consistently. So in case you're another business, notwithstanding when you have a magnificent FICO rating you will even now not qualify. 

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A New Age of Business Funding

Both new and well-established businesses could always use extra working capital, and the most conventional method for getting that money is through a loan. However, many local bank offices – and even the national banks, decline most loan applications for many reasons. For established businesses, the amount requested often exceeds the limits the bank can lend, or the type of loan falls outside of the bank’s operating restrictions. 

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Alternative?

While alternative loans may sometimes have higher interest rates than traditional bank loans, they fill the gap for small businesses everywhere, providing much needed funding for cash-strapped businesses that have been unable to obtain a loan or line of credit from traditional banks, thereby giving the business owner the opportunity to invest back into the business, manage cash flow and continue to operate for years to come. 

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Kevin RiveraComment
MCA: Do You Actually Know What You’re Selling?

 as the sales consultant, you should be a valued source of business advantage for your client, rather than just a person that goes through a series of sales material regurgitation. You should have access to products, services, platforms, big data, knowledge, key players, new solutions, forecasts, trends, etc., that the merchant does not have access to, which allows them to see you as a “valued extension” of their organization. This leads to not just new client acquisition, but the real key to making money in our space, and that’s client longevity.

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Creative Financing

You'll want to review the buyer's credit history to determine the buyer's willingness to pay his/her debts. A credit report will give you a better understanding of the buyer's financial history. Red flags would include late payments and loan defaults.

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Bridge loans can give you a competitive advantage

In a seller’s market, the competition for houses can be fierce. Many sellers will turn down any offer they receive that has a contingency clause (for example, a clause that states the offer is contingent on the buyer selling their own house).  This can be problematic for the buyer who does indeed have a house to sell.

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Kevin RiveraComment