TO BORROW MONEY EFFECTIVELY, loan brokers, finders, consultants, and potential borrowers must understand as many different methods as possible to increase the likelihood that a lender will make a desired loan. FOR EVERY LOAN REQUEST, the lender weighs many variables, such as type of loan, amount, interest rates, repayment terms, borrower’s collateral, job status, earnings,
Written by AnthonyRaymond
Let’s start with two quotes. “Ideas are such funny things; they never work unless YOU do!” “Ideas are capital that bear interest in the hands of those willing to work on them NOW!” WHAT KIND OF LOANS CAN YOU GET FROM VENTURE CAPITALISTS? It’s true that venture capitalists do indeed give loans as well as
Written by AnthonyRaymond
In talking to thousands of BWBs all over the world, I notice that many, many of them lack boldness and imagination when it comes to borrowing money. Now, I’m not being critical of these BWBs — just observant and helpful. Controlled and polite boldness can be one of your strongest assets when you’re seeking OPM.
Written by AnthonyRaymond
A question that is often asked is, How much OPM can one get for one’s business venture? “Are you talking about a few hundred dollars, or a few thousand?” you ask. “After all, the amount can make a big difference in my business deals.” That’s a fair question, from an intelligent reader. It shows that
Written by AnthonyRaymond
by Tyler G. Hicks from his IW$ classic book Smart Money Shortcuts to Becoming Rich There are two schools of thought on managing a debt: Since I started with little in life because my father died when I was twelve, I had to borrow money to make money. It wasn’t until later in life that
Written by AnthonyRaymond
Let’s use the worst-case principle to explore ways you can obtain capital without a credit rating. I’m not saying you find it impossible to obtain credit — we’re talking about Mr. Worst Case. He’s a guy who really needs help. All of us can learn something from his experiences. Mr. Worst Case needs what for
Written by AnthonyRaymond
When you’re reaching out to banks and investors to inject money into your business venture, it’s time to make sure you have all of your key pitch assets in order. Most of these assets are built from the same basic content and are simply reworked to fit different needs and requests. Once you have the
Written by AnthonyRaymond
Let’s talk about money — borrowed money or Other People’s Money (OPM). It’s a subject that always interests people because money is the fuel that drives the engine of business everywhere in this world. Without money business would stall. Often, I’ve mentioned that the loan supply is like the weather: changeable. Recently, money tightened up
Written by AnthonyRaymond
The Small Business Administration’s new Lender Match service helps businesses and real estate seekers connect with potential lenders in an efficient manner. By answering a few questions, applicants are matched with interested lenders within two days, facilitating loan application and discussion. Before engaging, businesses should prepare by having a business plan, understanding their funding needs, credit history, financial projections, collateral, and industry experience. This preparation boosts the chances of successfully securing an SBA-backed loan.
Written by AnthonyRaymond
Small Business Development Centers (SBDCs) offer extensive support to small businesses and entrepreneurs, providing free consulting, low-cost training, loan assistance, and numerous resources for business growth and competitiveness. With over 700 locations across the U.S. and its territories, SBDCs are accessible and partnered with universities and state agencies, fostering business achievements.