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Here is your issue of BM$ Success Newsletter – the companion newsletter to the "Business-Money-Source" website. Enjoy!
This Month’s Featured Business Financial Product:Hard Money LoansSince the economic crash of 2008, the availability of capital and the tightening of credit restrictions have made it difficult for commercial property owners of all kinds to obtain financing. One solution for short term commercial financing is called hard money loans. Private investors usually make a hard money loan to commercial real estate owners, investors and developers. Hard money loans may be acquired even if the borrower has had some financial distress in the past. These loans are not bound by the regulations that restrict conventional lenders. The loans are made at the discretion of the investors who money is put at risk. For these reasons hard money loans have long been the standard financing instrument for real estate investors and businesspersons to acquire quick short term project funding. Even though this type of financing is expensive in terms of interest rates when compared to conventional financing, the terms and speed of the transaction made it viable for quick turnaround situations such as “rehab projects” and “flipping” properties or to close on a “hot deal”. You may be able to acquire a hard money loan in as little as 7 – 10 business days. Another advantage in obtaining a hard money loan is that the lenders place more emphasis on the quality, value and earning potential of the property than on your personal credit history. This enables you to acquire the money that you need in order to take maximum advantage of your investment project. Business Money Source has several new sources to provide hard money loans locally, regionally and nationally.
For more information on hard money loans
This Month’s Business Survival Tip:Purchase Order FinancingHave you just landed a large order from an established company or a government agency? That’s the good news! The bad news is that you find yourself in a “Catch 22” situation. You can make money and build your company’s reputation by filling the order but you don’t have the cash or credit to purchase the raw materials needed to complete order. That is the purpose of purchase order financing; to provide your company with the working capital it needs! You use P.O.financing to purchase the materials to fulfill the order. The P.O. lender is repaid directly by your customer when the order is filled less your profit. Problem solved! Purchase order financing is a form of short term financing that can be utilized by businesses that need capital to produce or deliver a product or service to a customer. Like other forms of short term financing, PO financing is more expensive than a conventional bank loan. Underwriting Criteria Business Money Source has funding programs that range from $50,000 to $25 million or more in PO financing. It is possible to get 100% financing of your project with the use this form of financing. Some addition criteria that the funding source will consider:
More information on P.O.financing.
Business Products and Services That You May Need!--------------------------------------------------------------------------- AfroCityTours provides inspirational, informational and business oriented tours and workshops, highlighting attributes of the African Diaspora.Our services offer fresh perspectives and engage clients for learning, cultural enjoyment and to influence a better world. www.afrocitytours.com / Email:afrocitytours@gmail.com --------------------------------------------------------------------------- Attention Homeowners & Business owners Learn how to stop paying Electric Bills with our off the Grid power system. Request more information send your name and email to energyinfo@cdcorpservices.com. Dealer’s opportunities available. --------------------------------------------------------------------------- GO FOR YOU - No errand too big or too small! Manage your time through multitasking! Call Deborah Harris at 804-253-2974 or email at deborahforyou@gmail.com -------------------------------------------------------------------------- HRichNetworks, LLC is the best company for all of your web design and computer repair needs. Whether you need just an informational website or data recovered from your crashed hard drive, we can help! For you worry-free web design and computer repair needs Call or visit our website today www.hrichnetworks.com ● P. O. Box 74083 ● N Chesterfield, VA 23236 ● 804.447.4312 -------------------------------------------------------------------------- K&P Financial, LLC “Let Us Account For You” K&P Financial is a woman & minority owned business offering accounting, tax, payroll and consulting services to the small business community since 2005. Contact us at: Karen Athy, CEO, 121 E. Marshall Street, Richmond, VA 23219 Office: (804) 649-8096, Cell:(804) 306-6845, Fax: (888) 879-0158 -------------------------------------------------------------------------- TDMillerEnterprises “A personal finance and credit restoration consulting company”. Contact us at 804-385-6678 or email: tdmillerenterprises@aol.com ---------------------------------------------------------------------------
Community Service--------------------------------------------------------------------------Free Fuzzy Friendly Felines to good homes. Assorted black & whites, gray & whites, blacks & grays to choice from. Make great pets or barn cats. Call or email Victoria at 804-795-5371 or email: jusbbugs06@aol.com for more info and/or pictures. --------------------------------------------------------------------------- Advertise Your Business in BM$ SuccessYou as a subscriber are invited to give your business free online exposure for the next 3 months. That’s right 3 months of free advertising just for the asking! Just send a brief description of your business and the products or service you offer. State whether you are local to a specific region or a national or international company. We will place your info in the next issue of BM$ Success. Don’t forget your contact info or to spell check your ad!Send your ad info to: BMS_Success@business-money-source.com Any Questions: Let us know what topics you would like to see covered in BM$ Success Newsletter. Be sure to check the news page daily on http://www-business-money-source.com for updates. Also friend us on Facebook and follow us on Twitter! Until next month! Sincerely, Jim Bullock Business Money Source, LLC P.O. Box 16096 Richmond, VA 23222 (804) 396-3040 “Your One Stop Online Business Information Source” www.business-money-source.com Twitter: @bizmoneysource Disclaimer: The content contained in the BM$ Success Newsletter is provided for informational purposes only. It is incumbent upon the user of the information to seek appropriate financial and/or legal counsel before entering into any financial transaction. Business-Money-Source, LLC nor its' principals are in no way liable for your financial transactions. See the “Disclaimer” and "Terms of Use and Privary Policy" pages on the Business Money Source website for further explanation.
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