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Volume 7, Issue 1 January, 2017
January 14, 2017
Hi:

Here is your latest issue of BM$ Success Newsletter – the companion newsletter to the "Business-Money-Source" website.

5 Reasons Commercial Loans And Large Project Loans Are Not Funded (Part 5 of 5)

5) Applying To The Wrong Lender/Investor/Broker

This is the final installment in a five part series printed in the BM$ Success Newsletter. Hopefully, this instructional series has and will help business loan seekers, like you, better understand some of the pitfalls to avoid when applying for different kinds of business funding. You may read the previous four parts by going to the Business Money Source website at this link: Back Issues for BM$ Success Newsletter

Every business lender/investor is not interested in making a loan to your business! This may at first come as a surprise to you but most private business lenders have certain types of loans that they make to certain types of businesses. If you submit your loan application to a lender or investor who is does not make the kind of loan that you need or is not interested in lending to your kind of business, you will get a polite “no” or “not interested” from the lender without much of an explanation of why you were denied financing.

Knowing which lender/investor to present your loan proposal to is probably the most critical step in getting business financing. In hindsight, submitting your loan proposal to the correct lender probably should have been Part 1 instead of Part 5 of this series. If you don’t get your loan proposal to the correct lender or investor, you will not achieve your business funding goals.

How Working With A Business Funding Consultant Can Improve Your Chances Of Getting Business Funding

The average small business owner doesn’t have the time or knowledge to research the local, regional, national and international sources of funding for his/her business loan, compare rates and terms offered by these many funders. The whole loan application process can become confusing with certain types of projects. A professional business-funding consultant, like Business Money Source LLC, will work with you to arrange the correct financing for your business.

What Are Some Kinds Of Lenders & Investors?

The limits of this newsletter precludes going into details of the many lenders and investors but it will cover the general categories. Your business-funding consultant will help you make the final determination on what funding source will most likely be receptive to your funding proposal.

The two general kind of funding sources that you will most likely come into contact with during your funding search are conventional lenders (national banks, credit unions, community banks) and private lenders (investment bankers, insurance companies, pension funds, wealthy individuals) The major difference between conventional and private lenders is that conventional lenders are closely regulated by government authorities. Therefore, conventional lenders, such as your local bank, are restricted to the kinds of loans they can make. They also must follow strict guidelines to qualify borrowers by evaluating factors such as credit ratings, length of time in business and the kind of business. Conventional lenders cannot deviate from the regulations imposed on by regulatory agencies.

Private lenders on the other hand, have much more leeway in qualifying business owners and on the kinds of loans they can make. This does not mean that they will be careless in risking their money. You still must present a professional loan proposal that makes economic sense to the lender/investor.

A word of caution is appropriate here. There are numerous private lenders with hundreds of kinds of programs, which means also there are many opportunities for misrepresentations by those lenders/investors with questionable ethics. This is all the more reason to use the services of a business-funding consultant such as Business Money Source. Business Money Source has working relationships with reputable private lenders/investors at the local, regional, national and international levels. These are committed funding professionals who are willing to provide viable funding.

What Are Some Kinds Business Funding Arranged By Business Money Source?

Business Money Source is currently working with lenders offering the following programs:

· Commercial Real Estate (purchase, refinance)

· Commercial Truck Financing (USA Only)

· Corporate Debt Restructuring (USA Companies Only)

· Equipment Financing & Leasing

· Hard Assets Business Loans (USA Companies only)

· Hard Money Commercial Loans (USA Only)

· International Business Loans (Limited availability, USA friendly countries only)

· Short Term Business Loans (USA Only)

Descriptions of these loan programs can be found on the Business Money Source website, along with secure loan application forms to start the funding process. Go to http://www.business-money-source.com/Contact-Us.html and ask for the BMS_Hard_Facts_Commercial Loans Report.

“Applying To The Wrong Lender/Investor/Broker” (Part 5) is the final part in this series and will be coming in next issue of BM$ Success: Click on the link below and fill out the "contact us" form to let Business Money Source know your business funding needs.

Also don't forget to request the free report “Six Common Mistakes People Make When Applying For Business Loans”.

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This Month’s Business Survival Tip

Equipment Financing And/Or Leasing

Need to purchase or lease equipment for your business? Get equipment financing within a few days: http://tinyurl.com/EQFINFORM627
Please feel free to contact me by the methods listed below, with any questions that you may have about the various loan programs offered by Business Money Source, LLC.

I look forward to assisting you or your clients in acquiring the business financing that you seeking.

Sincerely,


Jim Bullock, Managing Member

Business Money Source, LLC

jim@business-money-source.com

(804) 396-3040

Fax: (804) 781-4971

Twitter: bizmoneysource

Facebook.com/businessmoneysourcellc


Friends of Business Money Source

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Visit our galleries to view samples at www.vickiesart.com

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------------------------------------------------------------ Send your ad info to: info@business-money-source.com

Let us know what topics you would like to see covered in BM$ Success Newsletter.

Advertise Your Business in BM$ Success

You as a subscriber are invited to give your business free online exposure. 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: info@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 business money news page daily on 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 https://www.facebook.com/BusinessMoneySourceLLC

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 Privacy Policy" pages on the Business Money Source website for further explanation.

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