This is an email that I sent to a former client who had transacted business with our BLOC E provider, Mitch:
I’m sorry that Mitch has not performed.
Hundreds of banks have been either seized by the FDIC or are on the watch list http://www.fdic.gov/bank/individual/failed/banklist.html
“Problem List” Expands to 15-Year High
The number of insured commercial banks and savings institutions reporting financial results fell to 8,195 in the quarter, down from 8,247 reporters in the first quarter. Thirty-nine institutions were merged into other institutions during the quarter, twenty-four institutions failed, and there were twelve new charters added. During the quarter, the number of institutions on the FDIC’s “Problem List” increased from 305 to 416, and the combined assets of “problem” institutions rose from $220.0 billion to $299.8 billion. This is the largest number of “problem” institutions since June 30, 1994, and the largest amount of assets on the list since December 31, 1993.
Quarterly Banking Profile
http://www2.fdic.gov/qbp/2009jun/chart8.html
We have seven business line of credit providers who are funding our clients: four have no up front fees. If you are interested in learning about what works you can visit http://www.workingcapitalfast.com:
Commercial Loans
Business Line of Credit Video Course http://joetufo.com/blog/how-to-access-the-bloc-category
I will waive the $197 course fee for each of Mitch’s victims in the spirit of goodwill.
You may also apply for a business line of credit on the same page.
I have known Mitch since January 2005. I was introduced to him through my membership in the American Cash Flow Association by member advisor Bob Steenson whom I have known for about 10 years. Mitch had been successful in funding clients and I had no reason to doubt his performance.
As always I am available 7AM to 5PM M-F Pacific to serve. Incidentally we had seven clients approved for business and personal lines of credit ranging from $50,000 to $2 million in the past 10 days so qualified, viable clients are being funded.