Category: Money Available

Categories
Business Lines Of Credit In The News Money Available Preparation

STRUCTURED FUNDING

I have known Jack L. for several years. He is a top investment banker in San Francisco.


Jack offers asset-based loans and mezzanine debt for small-cap and lower middle-market companies.

His extensive range of debt products allows him to provide complete and comprehensive financing

solutions for public and private companies. Jack serves a wide range of industries including

import/export distribution, manufacturing, consumer goods, retail, alternative energy, transportation,

technology, healthcare, and education.

Jack is one of the most innovative small-cap investment bankers in the country. His specialty is structured

transactions that provide complete financial solutions. Jack funds recapitalizations, bank work outs,

hyper-growth, and mergers and acquisitions. He finances quickly from his own fund,  and with strategic

financial partners using a proprietary online deal room for data management.

FINANCIAL SOLUTIONS:

Asset-based Lending

• Accounts Receivable

• Inventory, Wholesale and Retail

• Purchase Order and Export Financing

• Intellectual Property

Commercial Real Estate Lending (up to $30M)

Public Company Financing

Equipment Leasing / Sale Leasebacks

Bridge Loans

Foreign Asset-based Lending: China, India, and Mexico

Recapitalizations, Acquisition & Turnaround Financing

FINANCING CRITERIA:

Small-cap to Lower Middle-market Companies

Deal Size of $1M to $30M for Senior Debt / $1M to $10M for Cash-flow Term Loans

Jack welcomes inquiries and returns results quickly.

If you have a need or have a referral of a business in need call me at 1-800-669-2700

or email me at joe@joetufo.com


Categories
Money Available Preparation Testimonials

Prospective Clients Are Contacting Us From Norway

Hi Joe

Your response is greatly appreciated. I took some time to “google” you and it appears you are the real deal. Visiting your website today it made me smile when I saw the headline “Praise God! Four Clients Are Being Funded Hundreds of Millions!” Not just because your clients are being funded, but that there are still godly businessmen who are giving God credit for all the wonderful things He continues to do.

After reading your email, and checking my credit score with myfico and truecredit (have been members before, just need to get an updated report) that the only issue I would have with getting funding are the upfront fees. Im 28yrs old, ca $50,000 income, have a balance of about $6,000 on 4 credit cards with limits totalling around $46,000. Another issue may be that I have been living in Norway the last 7yrs. I came here to help a pastor of a small church, when I ended up meeting my wife, and decided to settle down here.

Otherwise, I would be very interested in speaking with you and learning more about your services. A close friend and I are currently working with a “Green” Technology company that turns waste into building material. We are trying to obtain funding for a license that would allow us to operate a plant here in Norway. We are seeking between 30M Euros to obtain licensing and funds to help us secure a joint venture with the government and the largest contractor in Scandinavia.

Also, through some close personal contacts the past years, I was offered to purchase a gold mine in Canada with a decent amount of inground assets. I had researched asset lending programs and leveraging amounts through private placements, but first need funding to purchase the mines, and second a solid, trustworthy source to leverage the assets for a safe trade.

Are you able and/or willing to take a look at what I mentioned, and see if there is anything you can do?  I understand you are a busy man, but would greatly appreciate getting to know you and seeing if there is anything we can collaborate on together.

Kindest regards,
Charles Vezixxx
t: +47 46 81xxxx

My response:

You may choose to subscribe to www.joetufo.com/blog at www.joetufo.com/subscribe a video explains the benefits.

I’ve attached applications for monetizing in-ground assets.
You have an issue of paying fees and I have an issue with working for free so we have a stalemate. I
“comped” three articles. When you get SERIOUS it will cost you $25,000 fully earned, non-refundable for me to provide six months of business consultation.

How We Do Business

[EDIT]

http://ds1.downloadtech.net/cn1086/audio/1190805678865-001.mp3

HOW WE DO BUSINESS
CASH FLOW SPECIALISTS


P.O. Box 844 Alamo CA 94507

1-800-669-2700 Direct 206-984-2853 Fax 925-352-6000 Cell
help@joetufo.com • www.mortgagerefinancinggroup.com
www.cashflowspecialists.net www.joetufo.com/blog

WHAT WE DO – Business Consultancy, Mentors, Coaches, Intermediary, Finders
50 years combined experience in finance/insurance/investments/mortgages/cash flow:

We help you and your company to raise money:
1.From $15,000 for a Merchant Cash Advance to billions of dollars for global projects. We have access to the largest database of venture capital firms, angel private investors with dozens of companies having raised money through our funding placement resource.
2.Commercial Financing:
a. Global Commercial Real Estate Loans $2M to $20B. Ask about our self-liquidating program and hard money loans.
b. Business Lines of Credit $100,000 to $4.5M per applicant. Ask about our self-liquidating program.
c. Merchant Cash Advance $15,000 to $4.5M
d. Receivables Factoring & Purchase Order Funding No Limit, Special Program for Manufacturers.
e. Other Commercial Asset Based Lending
f. Real Estate Development $2M to $20B
3.Leverage other assets -Mines Monetized, Factoring, Asset Based Lending, Secured Asset Financing, Accounts Receivable Funding, Equipment Financing & Leasing, Government-Secured Financing, and Venture Capital. Ask about Proof of Funds (POF) $100k to $200m.

HOW WE WORK:  http://ds1.downloadtech.net/cn1086/audio/14671224811279-001.mp3
Most of our business is done by phone, fax, over-night mail, and email. Some choose to meet face-to-face. When we meet in person the fee is $250 per 15 minutes. We charge a 1% fully earned, non-refundable commitment consultation fee of $2,500minimum, $25,000 maximum.
1.We prefer to meet you at our place of business or at a restaurant or hotel in Concord CA. We will travel to you for our daily fee of $10,000 plus first-class travel expenses if we have to travel.
2. The Consulting Fee must be paid in cash, by wire, ACH or by cashier’s check at time of service. We do not accept credit cards, business checks or personal checks.
3.All consulting fees on Large Project Funding only are applied as a credit to commissions earned on any loan product with no time limitation.
4.Our commissions are 4% for Sub Prime and Hard Money Loans and 1.5% to 4% for all other loans. There are exceptions. We fund commercial loans, hard money, and alternative funding products. Many choose to give us 2% to 6% equity in their project and or businesses if they want a continuing long-term business relationship with us.
5.Fees for venture and private capital are per separately provided fee schedule.
6.Some clients choose to pay us to prepare their package. Here is what you receive:
A.A proper commercial loan package that will be submitted to a minimum of three prospective lenders directly or through search engines that we pay monthly to access. ($15,000 for basic service: $25,000 for deluxe). Make all checks payable to: Joseph P. Tufo and mail to address above. Thank you.
B Access to us and to our team for a lifetime.
C. Consultative Services.
Providing Honest Answers in a Timely Manner No Matter How Difficult the Situation© Joe Tufo


Trust, Integrity, and Service. Here Today, Here Tomorrow

Praise God! Four Clients Are Being Funded Hundreds of Millions!

by JOE TUFO[EDIT]

I received a call after hours from Large Project Source E. They personally contacted four of our clients this afternoon whom they have approved for hundreds of millions.  They begin funding by the end of this month – June 2009

A medical technology firm will receive $150million.

A green project in the automobile salvage business will receive $200 million and possibly more in time.

A portable fuel cell technology firm will receive $10 million.

A green project tire salvage business will ultimately receive $262 million.

If you have a project that needs funding we have several funding sources that have the resources and expertise to partner in fulfilling your dreams.

To move forward you should visit:

www.joetufo.com/blog

www.greenprojectsfunding.com

www.joetufo.com/roadmap

www.project funding options.com

www.joetufo.com/consulting

As always we are available 7AM to 5PM M-F Pacific to serve you and those whom you choose to refer.

Joe Tufo, Certified Cash Flow Consultant, Certified Capital Specialist
CASH FLOW SPECIALISTS, INC.
P.O. Box 844
Alamo CA 94507
925-691-8200 Direct to my desk
800-669-2700 Business
206-984-2853 Fax
joe@joetufo.com
http://joetufo.com/blog
www.joetufo.com/facebook
http://www.google.com/profiles/jptufo

Fee and Commission Based.
*100% COMMERCIAL FINANCING/JV 10% Our forums are designed for Structured Financing of High End Commercial Projects – A&D, Energy,Technology, In-Ground Assets: Mines, Minerals, Precious Stones/Gems. PPP,Trade Platforms, Buy-Sell Bank Debenture Instruments-Cash Backed and Bullion Backed. SBLC’s,BG’s, MTN’s, CD’s, T-B’s, T-S’s, T-N’s, Bonds

Speaker, Writer, and Seminar Leader

Providing Honest Answers in a Timely Manner No Matter How Difficult the Situation.

Trust, Integrity, and Service: Here Today, Here Tomorrow

Please click on the link below to read our Disclaimer
http://joetufo.com/blog/?page_id=14

{ 1 comment… read it below or add one }

Joe Tufo June 13, 2009 at 9:19 am [edit]

If you have a viable project with a powerful executive summary of not more than four pages in length, a detailed bio on all key personnel, a detailed use of funds broken down monthly for the first years and quarterly thereafter, a five-year pro-forma with a clearly defined exit strategy and are serious you need to get “plugged-in” with us.

We have sources with money that are actively funding.

Hedge Fund/Trust Fund Direct Agent Source A

[EDIT]

New Source A April 26, 2008

HEDGE FUND DIRECT AGENT

WE DEAL DIRECT WITH HEDGE /JV/PRIVATE INVESTORS/ MERCHANT BANKERS ETC.  THE PLATFORMS THAT SOURCE A  REPRESENTS ARE NOT AVAILABLE FOR PUBLIC VIEW.  THESE GROUPS WORK THROUGH AN APPOINTED POSITION THAT SOURCE A HAS ORDAINED.

PLEASE REMEMBER THAT WE HAVE A FULLY_EARNED NON_REFUNDABLE CONSULTANT FEE OF $25,000 PER PROJECT.

THESE ARE HIGH END COMMERCIAL PROJECTS, REFINERIES, DRILLING, ORE MINES, MILLS, WIND FARMS, ETHANOL PLANTS, CASINO’S MARINAS, RESORTS, INCOME PRODUCING PROPERTIES ETC.

LOAN AMOUNTS FROM $10M TO NO LIMIT.  THEY WILL DO 100% LTV WE DON’T NEED CREDIT OR FINANCIALS FOR MOST PROJECTS.  AND THE PRINCIPAL(S) DO NOT HAVE TO HAVE ANY $$$ IN THE PROJECT AND NO IT’S NOT HARD $ – WE FUND ON THE TOTAL PROJECT AS LONG AS ITS INCOME PRODUCING.

THESE ARE NON-REPAY LOANS AND /OR NON-RECOURSE LOANS.

WE FUND ALL OVER THE WORLD AS LONG AS THE COUNTRY IS NOT AN ENEMY OF THE US/COMMUNIST COUNTRY OR INVOLVED IN A CIVIL WAR.

THE PRINCIPAL(S) MUST PROVIDE BUSINESS PLAN/EXECUTIVE SUMMARY/PROFORMA/ BREAKDOWN OF FUNDS WITH A DETAIL USE OF FUNDS WITH EXIT STRATEGY.

IF THERE IS MORE THAN ONE PHASE THAN WE WILL NEED THE BREAK DOWN OF EACH PHASE.  .  .  THE PLATFORMS WOULD BE INTERESTED IN FUNDING THE ENTIRE PROJECT AT 100% OF THE TOTAL COST TO DEVELOP THE PROJECT.  HOW MANY PHASES?  COST FOR EACH PHASE?

THERE ARE MANY PRODUCTS AND PROGRAMS AND DEPENDING ON THE WANTS AND NEEDS OF THE PROJECT AND THAT OF THE PRINCIPALS, THE FUNDING WOULD VARY IN ACCORDANCE TO THAT OF THE PLATFORM MANAGER IN RESPECT AS TO WHICH GROUP WILL PICK IT UP AND WHAT INSTRUMENTS WILL BE USED FOR THE FUNDING.  FOR EXAMPLE:

THE JV REQUEST WILL TAKE 30% AND FUND THE WHOLE PROJECT.  THE PRINCIPAL(S) WILL NOT HAVE TO REPAY THE LOAN.

THE CD/ BOND/ CIP/ ETC. PROGRAM WILL BE 100% @ 10 OR MORE YEARS DEPENDING ON THE PROGRAMS.  AND OR INSTRUMENTS USED TO LEVERAGE.  PAYMENTS MADE FROM 2 TIMES PER YEAR OR OTHER, NO INTEREST.  ALL PROGRAMS WILL FUND TOTAL PROJECT ALL PHASES AT THE SAME TIME
THIS IS SOME OF THE MANY PRODUCTS THAT WE OFFER

10% LEVERAGE HEDGE

You will be required to escrow the sum of 10 %( as leveraged from owned assets) of the requested loan amount into your established account.  This SUM will go under management and will be refunded back into the loan request as the (Hedge fund) will over fund so that you get the 10% back in the funding.  The 100% is loan to cost not to exceed 70% loan value of future completion value.  The terms are LIBOR or LIBOR + 1.50% x20 to 30 year AMT. with 18 to 24 months deferred payments.  Non-Recourse FUNDS IN 30 TO 45 DAYS

STRAIGHT HEDGE

No liquid cash required can use other assets if needed but not required for most projects

Terms would be 6% to 8% -20 TO 30 YEAR AMT with 18 to 24 months deferred payments.  Nonrecourse. FUNDS IN 30 TO 45 DAYS

JV 100%

100% Joint Venture Commercial Funding.  This is a project based loan, not borrower based, and the joint venture funds 100% plus most costs.  The borrower does not need to show assets or net worth.  The joint venture takes between 30%-40% of the equity.  No payments and no pay back.  Minimum Loan Size: $20 Million – No Maximum (involves Life Settlements).

Equity Hedge Leverage Wrapped by SLS’

100% Financed

Amount must be over $20M

No Debt, No Interest, No repayment

Must give up 30% equity

Funds in 60-120 days

CD Leverage Jumbo Fund

100% Financed

Amount must be over $10M

Borrower must have liquid funds of $125K DOES NOT CHANGE HANDS this insures a borrower can even qualify for this program

No debt, No Interest, No repayment

Funds estimated 45 + days per done in Trances

Straight Hedge LIBOR Fund (3 Funds Currently Utilized)

100% Financed

Amount must be over $500M- NO Limit

Must be a strong, viable, project and borrower.  ANY TYPE of project is considered as long as the borrower and exit strategy is VERY strong

Libor + 2-3% must have an exit strategy showing a 36 MONTH or LESS payback

No equity needs to be given up.

Funds in 45 – 60 Days

SBLC AND PROOF OF FUND SERVICES

SBLC and POF products, with instruments available from $10M to $100M.  The instrument will be issued from a Top 25 rated world bank and are to be used for collateral enhancement only, with our own confirmed tombstones on these (as recently as November).  If you or clients have any need for such a service, please do let us know.

NEW SUBSTITUTION OF COLLATERAL PROGRAM

Pension fund-backed SOC program that is picking up speed.  Projects of all types are accepted, and at most places, internationally.  Minimum submission amount is for $100M and the project will be free-and-clear, with no debt-service, once fully funded.  The equity share with the lender will be in the 35 to 50% range.

HEDGE FUND
PROGRAMS PROVIDE 100% FUNDING –HOTELS /MOTELS –RESTAURANTS-MALLS-THEME PARKS- CASINOS- RESORTS- MARINAS-ENERGY PROJECTS, REFINERIES-WIND FARMS-ETHANOL PLANTS –MINES-MILLS- OFFICE – RESIDENTIAL RELATED PROJECTS.

JOINT VENTURES

WILL TAKE-20%- 30% AND FUND THE WHOLE PROJECT.  THE PRINCIPAL(S) WILL NOT HAVE TO REPAY THE LOAN.

SUBMISSION PROCEDURES:

SOURCE A Business Development Department does not have the time to read all information sent by each broker or principal(s)

In an effort to streamline the review process for these projects, this is the way we NEED to receive information.

Please encapsulate the project summary in a short narrative in simple terms as to what the deal is including LTV and money that has been put into the deal.  Attach all pertinent information that has been provided including the borrower information so we can set conference calls.

PLEASE FOLLOW SUBMISSION PROCEDURES IN FUTURE PROJECTS

ALL DOCUMENTS MUST BE WITH CLIENTS INFO AND NOT THAT OF OTHERS. ALL FORMS MUST BE COMPLETED BY THE PRINCIPAL(S)

ALL FORMS FROM SOURCE A MUST NOT BE CHANGED OR ALTERED. NO OTHER LOGO’S OR CONSULTANTS/BROKERS NAMES MUST APPEAR IN FORMS

PLEASE INCLUDE PRINCIPAL(S) OR BORROWING ENTITY FINANCIAL STATEMENT AND BREAKDOWN OF ASSETS

E MAIL OR CALL FOR SUBMISSION FORMS

ANSWER THESE QUESTIONS FOR YOUR PROJECT:
WHAT KIND OF TRANSACTION IS THIS?

LAND

RAW LAND

HOW MANY ACRES?

WHAT IS THE CURRENT VALUE?

WITH EXISTING STRUCTURE- WITHOUT STRUCTURE

LAND AND BUILDING ACQUISITION

IS THERE A REHAB /IMPROVEMENT OR REPAIRS/ADDITION OR DEMOLITION AND REBUILD?

NEW BUILDINGS CONSTRUCTION

IS THERE A PAYOFF BANK LOAN OR PRIVATE/HOW MUCH WHEN IS IT DUE?

HOW MANY PHASES ARE THERE?

IS THE PROJECT FULLY ENTITLED/COMMISSIONED?

IS THERE A CURRENT APPRAISAL?

IS THERE AN AFTER MARKET/SUBJECT TO APPRAISAL OR A HYPOTHECATED APPRAISAL?

IS THERE A CURRENT PURCHASE CONTRACT?

HOW MUCH IS THE CONTRACT FOR?

HOW MUCH MONEY IS FOR THE BINDER DEPOSIT?

HOW LONG IS THE CONTRACT FOR?

WHEN DOES IT EXPIRE?

WHAT IS THE PHYSICAL ADDRESS OF THE PROJECT –LOCATION STATE/COUNTRY?

HOW MUCH MONEY HAS BEEN INVESTED INTO THE PROJECT AND WHAT WAS THE MONEY USED FOR?

IS THE BUILDER/DEVELOPER/PRINCIPAL(S) EXPERIENCED?

DO THEY HAVE FINANCIALS?

WHAT IS THEIR LIQUID ASSETS?

1. WHO –   ARE YOU?  PRINCIPAL/BUILDER/DEVELOPER/ ETC.  IF YOU ARE NOT THE PRINCIPAL- WE NEED THE LIST OF ALL OTHERS INVOLVED.
2. WHAT – TYPE OF PROJECT ARE YOU TRYING TO GET FUNDED?
3. WHEN – DOE’S THE PROJECT HAVE TO CLOSE?  IS THERE A CONTRACT DATE?

4.  WHERE- IS THE PROJECT LOCATED?  ADDRESS/COUNTRY
5.  WHY – YOUR PROJECT SHOULD BE FUNDED?
6. HOW – MUCH MONEY IS REQUESTED?
7. HOW – MUCH MONEY HAS THE   PRINCIPAL INVESTED INTO THE PROJECT?
8. HOW – MUCH   NET WORTH/ASSETS DOES THE PRINCIPAL/COMPANY HAVE?  (Both liquid and fixed)

EXAMPLE SHORT SUMMARY.

.  1. THIS PROJECT CONSIST OF LAND/EXISTING BUILDING/ ACQUISITION AND CONSTRUCTION OF, RESIDENTIAL/COMMERCIAL DEVELOPMENT TO INCLUDE, ETC, ETC.

2. THE PRINCIPAL/OR MY NAME IS AND I AM A XXXXX IN CALIFORNIA.  MY CLIENT/THE PRINCIPAL/ I HAVE- BEEN A DEVELOPER/BUILDER ETC. FOR XYZ YEARS – HAVE/HAS    ACCOMPLISHED  XYZ PROJECTS .THE XYZ PROJECT LOCATED IN XYZ WAS VERY SUCCESSFUL AND THE XYZ PROJECT WAS ETC,ETC,ETC (SHORT HISTORY/BIO)

3.  PROJECT NEEDS TO BE FUNDED BY XYZ DATE
4. PROJECT IS LOCATED AT XXX  MAIN ST. ST. CONCORD CALIFORNIA.
5. THIS PROJECT IS VERY LUCRATIVE BECAUSE THE DEMOGRAPHICS AND THE LOCATION IS IN HIGH DEMAND.  THE PROJECT CURRENTLY HAS XXX PRESALES AND COMMITMENTS THAT ARE IN ESCROW.
6. $XYZ million USD IS THE REQUESTED LOAN AMOUNT FOR THE TOTAL TO COMPLETE THE PROJECT FOR ALL THE PHASES.
7. THE PRINCIPAL HAS INVESTED   $X XXX, 000 THIS INCLUDED PERMITS, ENTITLEMENTS, APPRAISAL, ENGINEERING, BUILDING PLANS/ARCHITECTURE/ATTORNEY/MARKETING.
8. THE PRINCIPALS NET WORTH IS $ XYZ MIL, IN REAL ESTATE HOLDINGS $XYZ, 000 CORPORATE/BUSINESS ACCOUNT, $XYZ, 000 PERSONAL CHECKING/SAVINGS, $XYZ STALK ETC, ETC,

SUBMISSION PROCEDURES

Name of the PROJECT?  Need a BUSINESS PLAN- EXECUTIVE SUMMARY-PROFORMA with detailed use and break down on funds for each phase if more than one.

ALWAYS PUT THE NAME OF THE PROJECT ON THE SUBJECT LINE OF YOUR EMAIL.

PLEASE INCLUDE ALL PRINCIPALS CONTACT INFO

PLEASE DO NOT REMOVE SOURCE A LOGO/INFORMATION ON FORMS- DO NOT REPLACE WITH ANY OTHER BROKER/COMPANY INFORMATION ON THESE FORMS

Please use the name of the project in the subject area, and be consistent in referring to each project and further, please submit only one project per email.  Multiple emails for file delivery for the same project is fine, be sure to note part 1 of 2 etc.

SAMPLE SUMMARY

1. NAME OF PROJECT

2. THE PROJECT IS LAND ACQUISITION AND CONSTRUCTION WHICH INCLUDES RESIDENTIAL AND COMMERCIAL DEVELOPMENT.  THE CONTRACT EXPIRES ON- XYZ DATE.
4. THE PROJECT IS LOCATED.  (WE NEED THE ACTUAL PHYSICAL ADDRESS)
5.  THIS PROJECT IS VERY PROFITABLE BECAUSE, ETC, ETC, (show presales) AND/OR (commitments from buyers), (SHOW ESCROW HOLDINGS)
6.  THE TOTAL LOAN REQUEST TO COMPLETE THIS PROJECT (include all phases if more than one) is$XYZ million (USAD) is needed for the entire project.
7. PRINCIPAL HAS INVESTED $XXXXXXXX (TOTAL TO INCLUDE: PERMITS, ENTITLEMENTS, ARCHITECTURE, / BUILDING PLANS, / ENGINEERING, BINDER DEPOSIT ON ACQUISITION.  AND ANY OTHER RELATED FEES.
8. PRINCIPALS NET WORTH =XYZ MIL, -$XYZ MIL IS IN REAL ESTATE HOLDINGS, AND $XYZ IN ABC CHECKING/SAVINGS/BUSINESS/PERSONAL ACCOUNT

10. BUSINESS PLAN

11. EXECUTIVE SUMMARY

12. PRO FORMA-(To include total break down and detail use of funds).  (If more than one PHASE, need all phases)

13. EXIT STRATEGY

14. TOTAL LOAN REQUEST – 100% (cost to develop/ Build.)

15. TOTAL COST @ 100% INCLUDING ACQUISITION PLUS THE TOTAL COST OF EACH PHASE IF MORE THAN ONE (not including Binder Deposit, Entitlements, Permits, or Appraisal, etc.)

{ 1 comment… read it below or add one }

Joe Tufo June 15, 2009 at 5:52 pm [edit]

If you have a viable project and can answer these questions:
Where have you been funded?
How many UCC-1’s have been filed on your properties?
How many of your properties have been cross-collateralized?
How much skin do you have in the projects? 60% LTC common
Bio’s of all key people
How have you funded your projects in the past?
*How many phases?
* How much do you need?
* What is your Exit Strategy?
* How much money do you have?
Do you have a feasibility study?
Do you have an Executive Summary?
Do you have a certified Business Plan?
Tell me about your experience?
Tell me the story – Keep It Simple & Short

This investment banker may be the best funding source in the world to fund your project.

Categories
Business Lines Of Credit In The News Money Available Referral Partners

BLOC E New Pre-Funded $100,000 Corporations: 20 Per Month

This came in Saturday June 19th. It was addressed to a client of ours:

Tom,

The cost is 15K per PREFUNDED LOC

There is a $1,000 deposit paid to NBF with application [page 10, 11 and 12 with copy of DL and SS card] to hold a space.

The remaining balance of $14,000 is paid into an attorney escrow account.

The attorney is located in PA.

The $1,000 deposit will be credited against the total client cost of $15,000.

If the client backs out for any reason out they will forfeit their $1,000 deposit.

If the client is unable to close within 5 business days of the LOC availability [the middle of each month] they will forfeit their deposit.

The client will have possession of the escrow agreement to review by their attorney well in advance of the respective month’s closing date.

The client and or client’s attorney can suggest changes and if the changes are agreed to by the escrow attorney they will be incorporated into the escrow agreement.

This is not a real estate closing with various fees, settlement charges or disbursements to third parties.

After confirming receipt of the checkbooks by the client [likely a FedEx signature] the escrow attorney will release funds to me.

There will be no closing statement.

There is a limited number available and only 1 remains for Augst.

Multiple lines per client are available.

$100,000+ Unsecured Business Lines of Credit

Application Only; Stated Income/Asset!

NO Tax Returns OR Business Financials!

NO Credit Scores OR Personal Guarantee!

Multiple 100K lines available; close in escrow!

As always Cash Flow Specialists Inc. has a fully earned, non-refundable business consultation fee of 1% minimum $2,500 that is paid up front.

Read How We Do Business at www.joetufo.com/blog

Categories
Business Lines Of Credit Improve Credit In The News Money Available Preparation

Credit Scoring In Volatile Times

As the economy shifts, the risk levels indicated by credit scores shift as well. Many questions have been raised regarding the effectiveness of credit scores and their ability to accurately separate higher credit quality from poorer credit quality consumers in light of the significant economic downturn. Underlying risk profiles associated with consumers at a specific score level must be adjusted to reflect the new economic conditions.

Lenders relying on credit scores need to regularly assess whether or not the model they are using is adequately capturing the changing environment and further determine if any resulting recalibration is needed to again align risk properly with business strategies.

It is imperative to apply best-practice analyses on credit scores to assess levels of continued performance for both new accounts and existing account management amidst significantly deteriorating conditions. A critical review is undertaken on real estate loans with emphasis on the States most impacted by credit deterioration. Additionally, performance reviews are conducted for credit card and auto loan portfolios.

Underwriting rules continue to change in banking. If you need funding in the next 30 to 60 business days you should have applied four to five months ago. If you need funding in six months, apply now. This is good advice for business loans.

Categories
Business Lines Of Credit Improve Credit In The News Money Available Preparation

Possible Solution For Cash Strapped Business Owners With Tainted Credit

This is the response to a Bay Area businessman who is credit challenged. He has operated businesses for 48 years. He wants to retire but he cannot afford to. With tainted credit he has struck out with local banks. English is not his first language.

Since you have read my website posts I urge you to enroll at www.joetufo.com/powerfunding. A client who made the same comments that you did qualified for a $100,000 business line of credit AND a $150,000 grant. You won’t know unless you try.

You should also become a paid subscriber to www.joetufo.com/blog

You need to restore your credit. That can be done through the administrator of the Power Funding program or at www.themackfinancialgroup.com/tufo

For consulting visit www.joetufo.com/consulting
This is a public service announcement on our www.workingcapitalfast.com site:

Working Capital Fast

Money to Solve Cash Flow Needs

America’s Recovery Capital (ARC) Loan Program Up To $35,000

by JPTUFO on JUNE 21, 2009[EDIT]

As of June 15, the SBA began accepting applications for the America’s Recovery Capital (ARC) loan program, which provides up to $35,000 for small businesses that are experiencing an immediate financial hardship due to the tough economic times. This loan program is designed to help keep these businesses afloat until they get back on track.

ARC loans are interest-free to the borrower and payment for these loans is deferred for 12 months, after which the borrower will have 5 years to pay back the loan principal. The funds provided by these loans are meant to be used to make payments of principal and interest on existing, qualifying small business debt, including mortgages, term and revolving lines of credit, capital leases, credit card obligations and notes payable to vendors, suppliers and utilities. Additional details on this program can be found at http://www.sba.gov/recovery/arcloanprogram/index.html

The SBA will provide a 100-percent guaranty for these loans and they have no SBA fees associated with them. To see if you qualify and to apply, contact your local SBA lender or call us.

Hi Joe:

For some time you have sent to me a lot of your e-mails, I am an entrepreneur that have work successfully on my own several business
for the last 48 years.  You talk of financing, investor, partnership between others, but all those words are for people that usually don’t need
the financing or they have more than enough to back up their needs, but for the average guy there is no way to get financial help from any
institution, specially is you slow down in doing business preparing for a retirement, and worst yet, and very common in this present times,
if your credit is not strong, you are in a way financially dead incapacitated to continue to do business in the way you want it. I have couple
projects that are good but dead because of the financing.

The fact that you may have a very impressive business track record, to have for the last 40 years a successful in business, that financially you
are not struggling, that presently you have two good business with a value of proximately one quart of a million each, no liens, that you have
the capacity to create more business, that does not mean anything, you just became a number from one to ten and if you do not score
electronically, your project come to an stand steel. I agreed with you, “Now is the time to get started”. The question is were is the financing. Have you try
any banking institution?, financial groups, the government etc?.  they all connected to the same COMPUTER. The answer is “We are sorry, contact the credit bureau”

I was going to retire, but I have decide to continue doing business for few more years, but that WALL is there and I do not believe that what you
offer is there. I my be wrong, I like to be proven otherwise.  Who knows, you my be right. Do you have any ideas?. Perhaps you have the financing
and want to go partner with me.

Richard Quintanilla
650 xxx-xxxx


Categories
In The News Large Projects Money Available Preparation Real Estate Projects Referral Partners

Funds & Funding for Transactions

Services

Funds & Funding for Transactions

Performance is Guaranteed by an Escrow undertaking supported by Insurance Guaranty to refund your Fee deposit if we would ever fail to perform as agreed!

Who buys funding Services?

Clients who require cash funds to settle their Transaction.

What are the Services?

A Commitment to ‘Funding’ your Transaction supported by a bank proof of ‘Funds’ for $1±Million -to- $100+Million.

What are typical Transactions?

Any transaction with a guaranteed exit —

Buy-Sell assets — invest in Private Placement Programs — buy or support Enhancements — make Escrow deposits — fund Debt/Bridge obligations — structured Project financing.

How do we do Business?

Services are escrow exchanged for Service Fee.

Service Fee is refunded if we fail to exchange the Funds as agreed.

Service Fee refund is supported by escrow undertaking and/or Performance Bond.

What are the Benefits?
Quick, private, and direct with principal.

  • Our Funds — Your Transaction.
  • Services may be customized to meet your needs.
  • Quick cash to fund your transaction = quick benefit to you.
  • Leverage your capital 20-to-100 times = higher profit for you.
  • No credit check — No collateral — No encumbrance — No delay — No profit share.
  • Protects your bank relationship, your source, your privacy, and your benefits.
  • Performance or Refund Is Guaranteed
Categories
Approvals Business Lines Of Credit In The News Large Projects Money Available Preparation Real Estate Projects Referral Partners REO

The Perfect Storm: Unprecedented Opportunity, Hundreds of Millions Funding Now, REO Availability, POF, BLOC $50k to $150k, CFSI – 10 Year Anniversary

Greetings from the sunny, warm San Francisco Bay Area where temperatures are in the high 80’s.


I’m pleased to report that four of our large projects are funding at this time: they range from $10 million to $454 million.

If you have a large project that you need funded you’ll want to visit www.joetufo.com/blog and subscribe. You’ll want to read “How We Do Business” on that site. You may also want to visit www.joetufo.com/roadmap

While it might look like a tough time for the national and global economy I believe that we are encountering the perfect storm for entrepreneurship.

I recently read a poll which I wholeheartedly agree with. Americans were asked, “Who will lead us to a better future?“ 63% believe it will be small businesses and entrepreneurs compared to only 21% for large corporations.

I’m certainly not surprised by the outcome of this poll as I’ve been working with entrepreneurial small business owners for 10 years with Cash Flow Specialists, Inc., and 22 years previously when I owned an insurance agency and brokerage.

Small business provides more than 60% of new net jobs in America. We – small business owners, entrepreneurs, and their advisors – are the backbone of the American Economy, and we have a duty, to our Companies, our Clients, and the Greater Economy , to strive for success and do all we can to make sure that the American Dreams are reachable goals for whomever strives towards them.

I believe that 20 to 30 years from now historians will record and call this the greatest window of entrepreneurial opportunity of our lifetime. It is over the next 12 to 18 months that the successful companies of tomorrow will be created or make their move.

Did you know that 16 of the current Dow Jones Industrial Average stocks were born during either a recession or depression? It’s true; Procter & Gamble, Disney, McDonald’s, General Electric, Johnson & Johnson and others – once entrepreneurial startups, now giants in industry.

Now is the right time for you to build your business.

Every so often our system of capitalism shifts. The present financial crisis and economic downturn have shaken the status quo. In prosperous times it’s difficult for a small business to compete with big business. But now the playing field has been leveled:  everything is up for grabs. You can become one of the future kings of commerce.

The economic downturn has created  a whole bunch of problems that savvy entrepreneurs can step up and solve. Solving problems are the lifeblood of entrepreneurism. Those who create solutions to these new problems will become the great beneficiaries of the next decade.

Everything is on sale. It has never been cheaper to build, equip, and market your business than it is today. Vendors are flexible, opportunities are unlimited, and there is a pool of extremely talented people looking for a promising future. Your companies big ideas may be fueled by this unprecedented opportunity.

Challenges and obstacles force us to think outside the box and come up with creative solutions, services, and products. 40 years ago Joe Gandolfo wrote a book, “Ideas are a dime a dozen.” The challenge is to follow thru and implement a great idea.

Now is the time to get started.


This is a welcome letter that I send out to all new referral partners:

Hi,

My name is Joe Tufo. I’m president of Cash Flow Specialists, Inc. of Concord CA. We are located 30 miles due east of downtown San Francisco.

I started this company July 1, 1999 after selling my insurance agency that I owned for 22 years. We were initially incorporated as a C-Corp in NV. I re-incorporated in CA February 2009 as a Subchapter S Corp.

I am not perfect. I do the very best that I can to serve you and the clients that you refer. I work 7AM to 5PM Pacific M-F. The toll-free number to our office is 1-800-669-2700. The direct dial number to my desk is 925-691-8200. When I am not in the office calls forward to my cell phone.

You can email me at either help@joetufo.com or joe@joetufo.com I receive hundreds of emails a day and do my best to answer each. if you do not receive a written reply kindly call me and I’ll find the email and respond. Thank you.

I return all morning calls and emails from 11AM to 12 noon and all afternoon calls and emails from 4PM to 5PM.

If you would like to purchase consulting time for you and/or your client visit www.joetufo.com/consulting If you need coaching visit www.joetufo.com/coaching or www.successbehaviors.com

We have a popular website at www.joetufo.com/blog If you want to learn about most of our products and services you should subscribe to the blog. New content is added several times a month. It’s a great place to refer prospective clients to inculcate them to our way of doing business. We are adding video to explain each post and page.

I encourage you to enroll at www.joetufo.com/subscribe to learn about our products and services. Listen to the video on the site.

We are adding a second site for referral partners only. This will also be a subscription site. Soon you will be able to earn commissions through Click Bank for selling our books, templates, and courses. It can be a tool to supplement your income.

www.joetufo.com/roadmap will give an overview of our products and services. There are hyperlinks to other sites complete with video. We tweak the map by adding products and services so you’ll want to check back often. It’s a good starting point to refer clients.

www.joetufo.com/powerfunding is a great tool for borrowers to become pre-qualified. Glenn & Mary just got $100,000 approved on a credit line and $150,000 on a grant using that program.

We have many other websites some of which are featured on the www.joetufo.com/blog

I’ve attached the referral partner paperwork. Kindly complete and email back.

For REO’s go to the www.joetufo.com/blog site I list all inventory. Get a LOI on the principle’s letterhead and an absolute proof of funds not more than three business days old.

For green projects read everything on the blog site especially references to large projects check www.projectfundingoptions.com and the www.joetufo.com/roadmap site and www.greenprojectsfunding.com

For credit lines other than BLOC E visit www.joetufo.com/blog We have a new site that we are populating at www.workingcapitalfast.com We have access to merchant cash advance, asset based lenders, hard money, factoring and more alternative sources that fund in 30 days or less.


To access our public videos visit www.joetufo.com/youtube

Dale and I wrote a book on FOREX visit www.thebasicsofforex.com

95% of our business comes from referral and the balance comes from my public speaking engagements.

As always I am here to serve you and those whom you choose to refer to us.

May God bless you exceedingly, abundantly above whatever you may think or ask.

We Just Added a New Credit Line Provider!

We added a provider in the DFW area whose partner is an attorney in LA last month. They can furnish credit lines from a few thousand dollars to$100,000 or more.

In order to qualify for more funding sources I urge you to enroll in our Power Funding program at www.joetufo.com/powerfunding

We specialize in unsecured lines of credit for small businesses. We have a program for all of your business needs, whether you are an established business or just getting started. Our extensive nationwide lender network provides unsecured fundingto businesses at various stages of growth.

There are many advantages to using our consulting services. We help you tosuccessfully navigate today’s lending environment in securing the capital that you need. We have done the research for you, and with many years of experience in the financial industry, we will work to get you the most money at the best rates available in today’s market.

We only work with banks that offer no documentation, stated business financing. What that means for you is that we will not request business plans, tax returns or collateral for these programs with this vendor.

We offer a true no collateral loan or line of credit. Your good credit is your collateral. You must have a minimum 700 FICO score to qualify for this vendor’s program. And we offer a simple application process. You only need to complete a one page application. Once we receive your completed application and submit it to our lenders,we are able to obtain an approval generally within 48 hours.

We are so confident in our ability to help our clients that we do not charge upfront fees on this particular program.  We are particularly unique to the industry as we can also supply qualified clients with an Aged / Shelf Corp with no upfront costs!  Therefore we can deliver a perfect funding solution for new or expanding business owners.

The back end cost for the unsecured lines is 12% of which 2% is paid to Cash Flow Specialists, Inc. the back end cost for the tw0 year old  NV shelf corporations is $8,900. Cash Flow specialists, Inc. charges $2,500 which is in addition to the $8,900.

Financing Approved $50,000 – $150,000+

NO Upfront Fees
NO Documents Needed 
NO Application Fees
NO Financials
NO Collateral Required
NO Equity Needed

Fast, Easy Funding!
 (1) Fill Out Form

(2) Get Approved

(3) Receive Your Funds

We have six large projects funders of which four are open now. We have four business line of credit lenders including the one featured above. We have a REO source that is one of 10 with access to the FDIC. We have five Proof of Funds providers. We have access to 383 hard money lenders, asset based lenders, merchant cash advance companies, bridge loan lenders, factors, private investors, hedge funds, banks, and other alternative funding sources.

REO:

Joe:
We have an opportunity to put a investor into Wells Fargo to access REO multi-family inventories. Our primary investor got in last week and Wells has offered us a second buyer slot.
Do you have a investor or JV group that can buy 50 to 100 million in Multifamily?
Thanks,
Paul
This came in Friday June 19th

Hello Joe:
One of the brokers we work with in Chicago is looking for a JV partner to take down a buy with a workout plan and share the income stream. He has many years of experience in the region and is looking for a Joint Venture partner.
He has cash but is not strong enough to do the REO take down and the work out with the safety margin he believes is prudent.
We are working with him on tapes in the 4 to 5 million range (broker has 1 million cash) and his plan is buy and rent using existing management at just below market averages or via HUD contract. This type of workout should produce 30 to 50% annual return on initial purchase price.
Do you have a potential join venture partner for this type of deal?
Best Regards,
Paul
If you want REO’s visit www.joetufo.com/blog and subscribe. You’ll see REO postings and the criteria for placing an order – LOI on the principal’s letterhead and an absolute proof of funds not older than three banking days.

July 1, 2009 will be our 10th anniversary of being in business.

As always I am here M-F 7AM to 5PM to serve you and those whom you choose to refer.


May grace and peace be multiplied to you (2 Peter 1:2a)


Categories
Business Lines Of Credit Improve Credit In The News Money Available Preparation Referral Partners

A Special Business Line of Credit Application. You Must Have a 700+ FICO Score to Qualify. $50,000 to $150,000

Thanks to my good friend Adeel we have access to an exemplary funding program. The Program Manager and Team have successfully funded hundreds of businesses since 2004. They have business relationships with lenders nationwide.

Their expertise is in small balance loans $50,000 to $150,000. The credit amounts and interest rates are determined by the strength of the personal credit of the applicant. The stronger the credit, the better the rates and the higher the line amounts. It’s as simple as that.

The processing office which is run by an attorney in LA will discuss directly with the client what they feel you will be approved for upon pre-approval. In these small loans most clients receive business credit cards. As the market strengthens credit lines will be offered based upon the type of business that you own and your credit and business qualifications.

They have access to MANY sources of business credit. These sources are national, regional, and local banks and private investors. Each lender has a slightly different appetite for certain deal types. They match you with the best source of funding.

Many applicants approach obtaining business credit improperly by shot gunning their application to multiple lenders producing multiple inquiries that drive the credit score down. Most lenders block new applications for two to six months. When you are serious you need to come to us and work exclusively with us. Banks are very cautious with respect to the number of inquiries on a file.

It doesn’t matter if your business has a credit score. Here’s what they evaluate:

1. Your Corp or LLC is two years old.

2. It is in good standing, current, and valid with the Secretary of State (SOS).

3. It has no past history of reinstatement from a previous owner (case by case)

5. It has a positive business credit history (if business credit is already in place).

6. It is registered properly within the state of incorporation and foreign qualified if necessary.

7. It has a necessary business address, phone etc. (case by case).

8. The officers/Owners/CFO are registered properly with the SOS online database.

If you have a Duns number kindly submit a copy of the Credit profile. This helps with underwriting.

Remember that in order to qualify you need to have a viable business. How can you qualify for business credit if there is no business and no income to pay the debt obligation?

In order to qualify you must have a 700+ FICO score AND an existing two year old corporation or LLC. This program has NO UPFRONT FEE. We ask our clients to do five things:

1. Go to www.myfico.com and run your credit.

This funding source has built their underwriting tools around this service.

2. Sign our fee agreement

3. Sign our mutual NCND.

4. Complete the attached application

5. For extra funding sources visit www.joetufo.com/powerfunding This will enable you to obtain funding through the featured source and obtain ADDITIONAL funding through a former Dun & Bradstreet manager.

If you cooperate they’ve been known to fund in 30 business days or less. The back end fee is 12%. If you are interested in this program send me an email to joe@joetufo.com or help@joetufo.com or call me at 925-691-8200 M-F 7AM to 5PM Pacific.

My time is at a premium. You may purchase consulting time at www.joetufo.com/consulting

As always we are here to serve you and those whom you choose to refer.

—

Categories
Business Lines Of Credit Improve Credit In The News Money Available Preparation

Plan Your Business Financing To Avoid A Death Sentence For Your Business

Most businesses start out thinking the first thing that they need is a great business plan. The popular myth is that potential lenders will place great stock in your business plan as a major consideration for approving the financing you need.

While a well written business plan will assist you when you are seeking financing, it is far down on the lender’s list behind things such as your business management team’s experience, your past business successes and your “lending character “.

Having a plan for accessing the business capital you need to execute your business plan is what is required to bring your business success. Not having a viable business financing plan is the direct cause of why 95% of all new businesses fail.

Your lending character means that the lender sees you as having the ability to repay the loan. They also ask how far they believe you can take the business to maximize the potential earnings and therefore their chances of getting repaid.

The first thing a lender is going to look at is how did you structure the business and were you responsible and knowledgeable in that. Are you Incorporated or an LLC? If not you are declined for a business loan and everything becomes based solely on you as an individual. Did you obtain your EIN, State, business licenses and bank filings correctly? If not, you are declined because lender’s require attention to detail.

A simple business credit report check by a lender will quickly show whether or not you are even in the ballpark for getting approved for financing. If the lender finds that you haven’t bothered to insure that your business has active reports with all three major business credit reporting agencies, then of course you are immediately declined.

Next, the lender will look at the character of your business credit reports. What do they say about your business? What kind of payment histories have you had with debts that are easy to get such as vendor trade lines, small business credit cards, equipment leases, etc? If your business has no credit history or very minimal history then no lender will even consider your business for a larger loan when you have no track record of paying smaller debts.

If you pass these simple tests, now a lender will get to the heart of you business loan application and it is only at this point that you even get the opportunity to present your funding request. Unfortunately as high as 90% of all business loan applications never get to this point, because most business owners never take the time to complete the initial steps.

So you have made it this far, The next question you need to ask is what is a lender going to want to see? Debt service! Here is where the lender finally looks at your business plan (or at least the financial pat of it) to determine if your business can debt service the loan. To make this determination a lender will test the reality of your numbers. Basically this means do your numbers add up and do they make sense.

If you don’t know anything about accounting you had better get help. When a lender looks at your projected financial statement and finds simple accounting errors, then in most cases you will again be declined. They don’t want to lend money to someone who cannot produce a simple proof and loss statement; or someone that can’t balance a balance sheet. There is a lot of help out there, get some.

Next, a lender will look at the market niche section of your business plan. While most business owners think that this is the place that sets them apart from the competition, it actually is the part where lenders will compare you to your competition. Here is where lenders must see that you have done you market research. Can the revenue claims that you are making in your financial projections be backed up by the actual market demographics for your specific business industry, location, customer base, etc.? It essentially comes down to the need for your product or service.

All of this can seem overwhelming and in truth it can be. It is the reason that 97% of all business loan applications get declined. The overriding reason is that business owners are not taught this in school and typically only gain this knowledge through years of brutal experience that normally includes having one or two failed businesses under their belts.

This will give you plenty of information to get you started on putting together a business funding request. In my next article I will cover some of the other aspects of your business plan.

Reference:

www.joetufo.com/roadmap

www.joetufo.com/blog

www.joetufo.com/powerfunding

Categories
Business Lines Of Credit Improve Credit In The News Money Available Preparation

The Rules Are Changing On Small Business Debt Recording To The Credit Bureaus

Small business debt hasn’t traditionally been reported to consumer credit bureaus, but the rules of the game are changing

The third sentence in the letter a client received earlier this month about his $50,000 loan from Capital One (COF) surprised him: “We’ll begin reporting your loan status to business and consumer credit bureaus from August 1, 2009.” In more than 20 years as an entrepreneur, our client states that business loans had never affected his personal credit score.

Small business borrowing is generally not reported on owners’ consumer credit reports unless they fail to pay on time.  With banks facing rising defaults, at least one lender is moving to add small business loans to borrowers’ consumer credit files, which means that small business owners could soon find that their business debts affecting their personal credit. Any debt that owners personally guarantee—including many business loans and credit cards—could be reported.

Our client took out the Small Business Administration-guaranteed loan through Capital One in 2006 to buy restaurant equipment for his restaurant in San Francisco CA. He personally guaranteed the loan—as the SBA requires—and owes about $25,000 remaining. Although he has never missed a payment and his credit score, is 760,  he worries that his credit will suffer when the business debt suddenly appears on his consumer credit file. He’s also disturbed by the precedent: “I signed on [for] a business loan with my LLC. Now three years later you want to make it a personal note?” he says.

Are Deliquencies to Blame?

Small business borrowers at Capital One’s local branches already have their business loans reported to consumer credit bureaus,  and the bank will soon report online and direct mail business customers as well.

Capital One began reporting small business loans to one business credit bureau, the Small Business Financial Exchange, in 2007 and is extending the policy to other business and consumer bureaus. “This is standard industry practice,” our client was told. “Full and accurate reporting is best for the consumer, the business, and the system as a whole.”

Capital One declined to detail the reasons behind the change or how many borrowers would be affected. One clue may lie in the bank’s growing number of delinquencies—a problem not unique to Capital One, as financial stress causes rising defaults across the economy. In its most recent quarterly report, Capital One noted “a more rapid degradation in our installment loan businesses” that caused higher charge-offs in the business unit that holds these types of loans.

That division’s net income dropped to just $2.4 million in the first quarter, down from $491 million in the first quarter of 2008. The unit also includes Capital One’s U.S. credit card business and other consumer loans, so it’s unclear how small business loans alone are performing, but the segment’s net charge-off rate for the first quarter was 8.39%, up from 5.85% a year earlier, according to the filing.

Capital One recorded its first annual loss in 2008, with a net loss of $46 million, compared to net income of $1.57 billion for 2007.

Would reminding business borrowers that their personal credit is on the line help Capital One reduce defaults? Any non-payment on a personally guaranteed business debt would show up on the owner’s consumer credit report anyway, regardless of whether the lender reports the account as a matter of course

Credit Score Concerns

Credit experts say lenders don’t usually report business loans to consumer credit bureaus unless the borrower falls behind. “It used to be nonexistent,” says John S. a former Dun & Bradstreet Manager who is writing a book on the subject, “In recent years some banks have begun reporting [business credit]. It’s still a fairly rare occurrence for them to report to the bureaus.”

Because of the complexity behind credit scoring, it’s hard to predict how the shift will affect any one borrower’s credit score. Our client figures that his FICO score could drop 20 to 60 points when the loan’s $25,000 balance gets reported, because the credit rating weighs total debt and the amount of available credit being used.

John S. says business owners generally won’t see their credit hurt if they’re current on payments. Borrowers with strong repayment histories could even see scores improve, says John S. Our client doesn’t plan to find out. “I’m going to scramble and pay this off,” he says.

Categories
Business Lines Of Credit In The News Money Available Preparation Referral Partners

Do you need $150,000 to $3 million? Do you have $2 million in credit card receivables a year?

Size

CC provides financing for much larger businesses than other merchant finance companies. They target companies whose credit card revenue exceeds $2,000,000 per year. Loans start at $150,000 and go up to $3 million. Many other companies reach their top limit where they begin.

Rates

CC has the lowest rates of any merchant finance company. Clients use CC as an addition to, or perhaps instead of, bank financing. Knowing this, their rates have to be competitive. lower.

Keep Your Own Processor

Most merchant finance companies require you to switch to their processor with the expectation of getting the same or better rates and quality of service. CC does not require any such change. They respect the relationship that you may have developed and want to be part of it, not replace it.

Alternatively, if you would like to change processors, they have relationships with several of the most recognized processors in the industry, who will either meet or beat your current rates and level of service. The choice is yours.

Transparent Pricing

CC will explain the rates in detail. Other finance companies may avoid this discussion. They will try to educate you so you can make better informed decisions. Once you see what other merchant finance companies charge, you will thank them whether or not you become a client.

Customized Client Programs

They know that each client is different. You are in different industries, have different financial backgrounds and have different goals. They look at each client individually and tailor a program to meet your needs. Upon understanding your business, they then develop a transaction involving both an agreed upon rate and payback period. They know that it would be impossible to fit you into a preset program.

Easy Renewals

Once your loan is paid down by 75%, you may qualify for a renewal at your option. Unlike other programs, you only pay for the additional funding, not for the cost of an entirely new funding. For  clients that continually renew, this can prove to be a huge savings.

Lowest Payback Rates

Their programs extend out to two years. This is longer than any other competitor and allows for the lowest payback rates in the industry. Your payback period will be determined as part of the overall customized initiatives.

No Delays or False Promises

CC is structured without bureaucratic layers. Top management is always available to discuss and understand individual needs. Decisions are made quickly.

Asset Based Lending Approach

CC views your credit card receipts as only part of your financing solution. Because of their broad lending background and affiliation with EGC, they are able to review your entire financing needs and perhaps provide additional working capital.

EGC is one of the leading asset based lenders specializing in small to mid size companies. EGC provides loans against accounts receivable, inventory, equipment and real estate. They look at the entire package to see how they might be able to meet more than your credit card needs.

Experience

Most of their managers have been lending for well over 15 years. Combined, they have over 100 years of experience. They have provided working capital to thousands of businesses in dozens of industries. They have been in this business longer than their competitors and have a more lasting commitment to both the industry and clients.

Recent Transactions

Industry

Funding Amount
Airplane Parts Distributor $500,000
Website Host $1,000,000
Restaurant Chain $2,000,000
Truck Stops $1,500,000
Retailer $1,400,000
Oil Distributor $1,200,000
Restaurant Chain $1,200,000
Restaurant Chain $925,000
Retailer $650,000
Truck Stops $500,000
Golf Clubs $500,000
Retailer (DIP) $350,000
Caterer $325,000
Fast Food Chain $300,000
Retailer $200,000
Restaurant Chain $200,000
Fast Food Chain $150,000
Fast Food Chain $150,000
Resort $150,000
Retailer $150,000
Moving Franchise $150,000

Closing Comments

Dean has been involved in every aspect of asset based lending (business development, operations, account and portfolio management, workouts, field exams, accounting and treasury). Using this knowledge, he started CC and has taken merchant financing to a new level of sophistication.

Prior to starting his lending career, Dean was an associate at Bear Stearns and an analyst at Merrill Lynch. Dean holds an MBA from Northwestern’s Kellogg Graduate School of Business and an undergraduate degree from Duke University.

Categories
In The News Money Available Preparation Real Estate Projects Referral Partners

Small Balance Commercial Loans $100,000 to $5 million

This came in from Jim H. a Commercial Banker whom I have worked with for several years on small transactions. This arrived June 10, 2009

We are CLOSING Deals


OWNER–OCCUPIED/OPERATED PURCH. or NEW CONST. to 90% LTV

Property Type

Loan Amount

LTV-SBA

Floating

3-Year Fixed

5-Year Fixed

Term

Office Bldg./Condo.

$100,000 to $5,000,000

90% Max.

5.75%

7.45%

8.15%

25 Years

Office-Warehouse

$100,000 to $5,000,000

90% Max.

5.75%

7.45%

8.15%

25 Years

Light Manufacturing

$100,000 to $5,000,000

90% Max.

5.75%

7.45%

8.15%

25 Years

Multi-Store Retail Ctr.

$100,000 to $5,000,000

90% Max.

5.75%

7.45%

8.15%

25 Years

Newer Flagged Hotel

$100,000 to $5,000,000

85% Max.

6.00%

N/A

8.90%

25 Years

Heavy Manufacturing

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Charter School

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Day Care Center

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Auto. Service Garage

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Assisted Living Home

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Retail Store

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Day Spa/Salon

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Funeral Home

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Restaurant

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years


NON-OWNER–OCCUPIED PURCH./CONST. & ALL REFI’s up to 60% LTV

Property Type

Loan Amount

Max. LTV

Floating

3-Year Fixed

5-Year Fixed

Term

Office Bldg./Condo.

$100,000 to $4,000,000

60%

6.00%

7.70%

8.40%

20 Years

Office-Warehouse

$100,000 to $4,000,000

60%

6.00%

7.70%

8.40%

20 Years

Light Manufacturing

$100,000 to $4,000,000

60%

6.00%

7.70%

8.40%

20 Years

Multi-Store Retail Ctr.

$100,000 to $4,000,000

60%

6.00%

7.70%

8.40%

20 Years

Newer Flagged  Hotel

$100,000 to $4,000,000

55% to 60%

6.25%

N/A

9.15%

25 Years

Heavy Manufacturing

$100,000 to $2,500,000

50%

6.25%

8.45%

9.15%

20 Years

Charter School

$100,000 to $2,500,000

50%

6.25%

8.45%

9.15%

20 Years

Day Care Center

$100,000 to $2,500,000

50%

6.25%

8.45%

9.15%

20 Years

Auto. Service Garage

$100,000 to $2,500,000

50%

6.25%

8.45%

9.15%

20 Years

Assisted Living Home

$100,000 to $2,500,000

50%

6.25%

8.45%

9.15%

20 Years

Retail Store

$100,000 to $2,500,000

..

MINIMUM Credit Requirements (ALL Loans/Properties):

–  Guarantor(s) MUST show proof of 9 – 12 Months Reserves and Credit Card Balances UNDER $65,000.

–  N.O.O. Borrowers Must have Outside Income to cover Personal Living Expenses AND 25% of Mortgage.

–  Property held less than 5 Years will be Valued at Purchase Price plus Paid Capital Improvements.

–  Owner Occupied Business –OR– SINGLE Tenant MUST be Profitable on 2007 & 2008 Tax Returns.

–  660 Minimum (720 for ANY Construction) Experian FICO on Owner Occupied or N.O.O. Properties.

–  Mortgage Payments, Property Taxes and Payroll Taxes must be Current PRIOR to Underwriting.

–  NO Cash-Out Available EXCEPT for Property Improvements and/or Loan Costs ONLY.

–  MINIMUM Population Base of 40,000 (City/Town/County).

–  NO Bankruptcies or Foreclosures for 10 Years.

Properties we just Can NOT Finance-

ANY RESIDENTIAL Development/Subdivision/Project/Condos/Fractionals/etc.

– NEW Business Start-Ups as Primary Tenant (Except Major Franchises)

– Any VEHICLE DEALERS (Cars/Trucks/Motorcycles/RV’s/Boats/etc.)

– Warehouse/Industrial Over 60,000 sq.ft  – OR –  Over 60 Years Old.

– Car Washes, Convenience Stores (w/ Gas) and Gas Stations

– ANY Hotels/Motels/Bed & Breakfast Built BEFORE 1989.

– CHURCHES and most Church-Owned Facilities

– Multi-Family and APARTMENT Complexes

– Mobile Home Parks and R.V. Parks

Categories
Money Available Preparation

Need Fast Cash?

We have hard money investors that can offer rates as low as 8.5% on commercial properties that are looking for deals!

Check this out –

  • Commercial Properties
  • Loan Amounts $250k to $10 million+
  • No Appraisals or Tax Returns – certain restrictions apply
  • No Junk Fees
  • No Prepay Penalties
  • Minimal Paperwork
  • Fundings in less than a week
  • 60% ltv max

We also have Residential Hard Money and Construction Hard Money!

Fast Fast Fast Fast decisions and fundings!

Email or call with your scenarios.

Categories
Approvals In The News Large Projects Money Available Preparation Testimonials

Praise God! Four Clients Are Being Funded Hundreds of Millions!

I received a call after hours from Large Project Source E. They personally contacted four of our clients this afternoon whom they have approved for hundreds of millions.  They begin funding by the end of this month – June 2009

A medical technology firm will receive $150million.

A green project in the automobile salvage business will receive $454 million and possibly more in time.

A portable fuel cell technology firm will receive $10 million.

A green project tire salvage business will ultimately receive $262 million.

If you have a project that needs funding we have several funding sources that have the resources and expertise to partner in fulfilling your dreams.

To move forward you should visit:

www.joetufo.com/blog

www.greenprojectsfunding.com

www.joetufo.com/roadmap

www.project funding options.com

www.joetufo.com/consulting

As always we are available 7AM to 5PM M-F Pacific to serve you and those whom you choose to refer.

Joe Tufo, Certified Cash Flow Consultant, Certified Capital Specialist
CASH FLOW SPECIALISTS, INC.
P.O. Box 844
Alamo CA 94507
925-691-8200 Direct to my desk
800-669-2700 Business
206-984-2853 Fax
joe@joetufo.com

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