The Economic News is NOT All Bad…..
Granted, the headlines are not pretty. And our government seems committed to making the greatest number of mistakes possible. But I am here to tell you that underneath all of that, Small Businesses Administration Loans are really happening! And that is a VERY good thing.
At Commercial Capital, we are busier than we ever have been, and since most of my loans are to small businesses, this is a positive for the economy. Many of the CDC’s I know are also having very good years (CDC’s are companies that administer the seconds on SBA 504 loans). If the SBA is busy, then again, small businesses are working. And there is almost a mini-boom happening in franchising right now. It seems like every franchise out there is very busy which again, means new businesses are starting. This means jobs are being created. And I am seeing another big trend-a lot of boomers are quitting corporate America for good, cashing out or rolling over their IRA’s and starting their own businesses. Now financial planners may cringe at that point, but the owners I speak to are putting it this way, “These large companies I have invested in don’t seem to be very “with it” and with so many risks, I feel better controlling my own destiny”.
Give me a call Today at 866-512-400-8630. We close more commercial loans than anyone!
I say all of this not to debate investment strategy but to share what I am seeing in the front lines, in the trenches of this economic battle. There are warriors out there, small business men and women and they are cautious, but they are determined and they are not backing down. As a small business owner myself, I acknowledge that there are dangers ahead, not the least of which is our Government’s essential bankruptcy, but I also see opportunities everywhere. And I am attacking those opportunities because sometimes, the best defense is a strong offense. And I am not alone.
So take what you hear on the news with a grain of salt and know that there are people fighting the good fight. Maybe you are one of us. Take heart! Because behind the news, on every street corner, the fight goes on. And these warriors will find a way to win. Opportunities abound today, in spite of or possibly because of, the broader economic news. Properties are cheap, rates are low, and there are some people doing very well. Those stories are all around you and THAT is what will keep America going. Entrepreneurship lives on and with it, lies the hope of this economy. We are America, and we are not dead yet! By Brian Peart
Wishing You the Best,
Karen Schimpf
P.S. If you know a small business owner or investor cheer them on! And if they need money, give me a call TODAY at 866-400-8630 or locally at 512-650-8630. We are closing more commercial loans than anyone in the country and we are successfully bringing capital from around the country to the small business owner or investor.
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Your business plan can be in the form of a series of items rather than a formal composition. No matter what the format, you will need to address the information below.
We Close More Loans for Small Business Than Anyone. We can Close Your Deal in 45 Days. Give me a call today to get your loan closed at 866-400-8630 or 512-650-8630.
a. Describe the business. Be specific! Are the sales seasonal?
b. History of the business.
c. Identify your customers (generally). How do you know the customers will continue to do business with you? If you have a significant customer, (representing 10% or more of your overall business) identify and describe the relationship. How will you retain this customer?
d. Identify your competition. Who are they, where are they located, what do you do differently or better? How will you keep or increase your market share?
e. Identify the owners, day-to-day manager, key employee(s)
f. Describe the site, the neighborhood, the town. What are the advantages of this location?
g. Resume and/or narrative about each person important to the success of the business. Please brag on accomplishments, skills, and experience. Tell me why you are going to be successful.
We Close More Loans for Small Business Than Anyone. We can Close Your Deal in 45 Days. Give me a call today to get your loan closed at 866-400-8630 or 512-650-8630.
h. Project Costs. Describe each expense related to this project. This will help me get you all the financing you need and the longest term possible on your loan
i. Describe your short (and long) term plans for the business (if any). Are you planning to do anything differently than the past? How will it impact your customer base, your sales, your operating expenses?
j. Projections One year projected business financial statements (Profit & Loss/Income and Balance Sheet). P&L must be projected by month with annualized total and an explanation of how projections will be met and the assumptions used. If this is a start-up or expansion, you will also need to prepare annual projections for the second and third year.
This is a generic list, so not all these apply to every loan. However most of these do. The most important are b,d,f,g,h,and j.
And I usually suggest the client include something visual. A menu. A picture of them in front of their business sign. Company advertising. Anything visual….anything at all. Makes the business plan interesting, and underwriters are people too (we think). They are influenced by visuals.
We Close More Loans for Small Business Than Anyone. We can Close Your Deal in 45 Days. Give me a call today to get your loan closed at 866-400-8630 or 512-650-8630.
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Commercial Loan Rate
The Commercial Loan Rate is the Lowest of the Year!
The stock market sell off of the last two weeks has created the refinance and purchase opportunity of a lifetime in commercial real estate!
Commercial rates are now in the 5% range and even 4%’s are available on select property types. People with balloon notes due in 2 years should seriously consider a refinance and if you are in the market to purchase commercial real estate, you cannot beat the rates available at this time.
Of course, guidelines are still tight and you need to work with someone with a proven track record of actually closing loans but now the rates create a truly unique opportunity.
To find out where the rates are for your property type or situation or to get a quick commercial loan approval for a purchase, call or email us today at
512-650-8630 Today! Or mail me at KarenSchimpf@gmail.com
While some lenders are exiting the commercial sector, new lenders and new programs continue to come into the market.
We are rolling out the HOTTEST BRIDGE LOAN ON THE PLANET THIS WEEK FOR LOANS $3 MILLION AND UP.
NON-RECOURSE (are you kidding me?)
RATES between 9 and 11% generally
All property types considered-even HOSPITALITY
Can lend in all 50 states
Wow! If you or anyone you know needs bridge commercial
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Commercial Apartment Loans – Rentals hold key to real estate market’s future
People in Real Estate: Cheryl Russell
Cheryl Russell
Cheryl Russell has one word for anyone who’s adrift and looking for any direction in real estate, so long as it’s up: rentals.
The rental market is “a possible savior for many segments of the housing market,” said Russell, a demographer who specializes in studying Americans’ housing and spending habits.
To say that Russell isn’t particularly encouraging about the near-term prospects for the housing industry would be an understatement.
Having crunched mountains of census and other data to glean the habits and attitudes of groups of actual and potential homeowners, from 20-somethings to retirees, she finds them generally scared off or stuck, and predicted they’ll stay that way for two decades to come.
Russell’s company, New Strategist Publications, recently published its third edition of “Americans and Their Homes: Demographics of Homeownership.” It’s not the stuff that you’re likely to lose yourself in at the beach — unless, of course, you’re another demographer. It’s a pricey ($90 to $270, depending on the version) festival of numbers and spreadsheets, delving into such arcania as how many black householders are 45 or older, or how many people use oil to heat their homes.
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HOTTEST COMMERCIAL BRIDGE LOAN ON THE PLANET FOR LOANS $3 MILLION AND UP. CHECK IT OUT:
- up to 85% LTV!!!!
-Rehab OK
-NON-RECOURSE (are you kidding me?)
-RATES between 9 and 11% generally
-all property types considered-even HOSPITALITY
-Can lend in all 50 states
Wow! If you or anyone you know needs bridge commercial money-this is the ticket right here.
Give me, Karen Schimpf, a call TODAY at 866-400-8630 or locally at 512-650-8630.
Tags: austin tx commercial bridge loan, cedar park tx commercial bridge loan, commercial bridge loan, georgetown tx commercial bridge loan, leander tx commercial bridge loan, round rock tx commercial bridge loan
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