BaseFunding

Steve Dubin asked:


For every vehicle washed, Brightway is donating $5 which will be put towards the purchase of a defibrillator for the non-profit Boys and Girls Club of Marshfield.

During the fundraiser, the South Shore Corvette Club will have 25 Corvettes on display and there will be plenty of hot dogs, popcorn and balloons for the kids.

Everyone having their car washed will be entered into a raffle to win Red Sox tickets, auto detailing and a book of car washes.

“We like working with non-profits. We’re pleased to be able to help out the Boys and Girls Club with our professional car wash service that is better for the environment than the old-fashioned hose-style car washes,” noted Paul Vercallone of Verc Rentals and Brightway Car Wash.

Brightway Car Wash is environmentally friendly and renowned for its “Green Theme”. According to Vercallone, Brightway is “very stingy with water” as they do not want to waste water and Brightway disposes of waste water properly.

“We’re very grateful to Paul Vercallone, Brightway and the South Shore Corvette Club for their involvement and effort in raising the necessary funds so we can have a defibrillator on-site in case of an emergency,” noted Greg Jackson, Executive Director of the Boys and Girls Club of Marshfield.

The 1,000 member strong Boys and Girls Club of Marshfield provides the area’s youth between the ages of 6-18 with enrichment and recreation programs in a safe environment.

To learn more about Boys and Girls Club of Marshfield, visit their website at www.MarshfieldBoysAndGirlsClub.com.

About the Boys and Girls Club

The Boys and Girls Club of Marshfield’s purpose is to establish a safe haven for recreation, which includes a variety of supervised activities for greater than 4,000 youths (between the ages of 6 to 18 years old) within the town. The Boys and Girls Club of Marshfield has five Core Areas: Character and Leadership; Education and Career; Health, Sport Fitness Recreation and Life Skills; The Arts; and Technology. These Core Areas serve as the foundation for all programming.

As a privately-funded, non-profit organization, the Boys and Girls Club of Marshfield relies tremendously on the generous philanthropic support of individuals. Financial gifts assist in providing the financial strength necessary to continue the club’s mission “to enable and inspire all young people to realize their full potential as productive and responsible citizens, as well as become tomorrow’s capable leaders.”

For more information about the Boys and Girls Club of Marshfield, please contact (781) 834-CLUB (2582) or visit the website at www.MarshfieldBoysAndGirlsClub.com or write to the club at P.O. Box 311, Marshfield, MA 02050.



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Michel Lautensack asked:


- Determine how much money you need to acquire a certain property and be sure to include the purchase price, closing cost and complete renovation costs. If you do not know the renovation cost be sure to make your best estimate so you do not leave these out.

Second – Start to market for private lenders. Make a point to tell everyone you know and meet “that you investing in discounted real estate investments and are looking for investors.” Show your potential private lenders how to start investing passively in investment real estate. You can also use other marketing strategies such as sending out post cards to wealthy people or putting up flyers in 55+ communities.

Third – You will need to create a presentation kit to educate your potential private lenders to the power and security of investing in discounted real estate. Essentially, position them as “the Bank.” Deliver your presentation to your contacts within your sphere of influence and your warm market, such as business associates, friends, family, realtors, accountants and attorneys to name a few. Some of these people may know other contacts within their own networks interested in investing.

Fourth – You will find that many potential private lenders have CD’s or money market funds that are only yielding 3% to 5%. Your presentation has to show that you can offer your investors anywhere from 9% to 15% return on their money versus the small returns they are currently getting at the bank. If they stocks or bonds they may be even more willing to invest in something as safe as good solid local investment real estate versus losing 50% or more in their stock portfolios. You need to offer them more income with a secure investment.

Fifth – Once you have a potential lender or two that has expressed some interest you need to present your proposed deal. You will need to show them what it will cost to purchase and rehab the property and what it will be worth once compete. You may want to borrow all of the money to purchase the property. Or you may go to a bank and borrow 80% and then use your private lender to fund the remaining funds.

Sixth – Make sure your private lender sends the funds (i.e., certified check or wire transfer) to your closing attorney or title clerk. Never have the funds made out to you or your company. Create a promissory note for your private lender explaining the terms of the transaction and make sure they are in either first or second lien position on the property.

Seventh – Complete the purchase of the property and rehab and be sure to invite your private lender out a couple times to see the progress so they remain comfortable the investment and build a long term relationship.

Commercial Loans to 65% of Value

Michel Lautensack asked:


first got into real estate investing I was always using my own money to pay for everything including the 20% down payment of the purchase price, rehab costs, closing costs and all the other cost that came up unexpectly. It did not take long to drain my bank accounts with this plan.

This is where I knew I had to have another plan or my real estate investing business was going to come to quick halt. I finally started utilizing private lenders. these lenders would help me fund my down payments, some or all of my rehab costs and even some of the loans costs. I finally had a way to buy real estate without using much or even any of my personal funds.

What is the importance of private lending? The answer is using private lenders to fund your real estate deals. Private lending is a consistent source of funds to purchase real estate deals that you can go back to again and again and again. In fact, the more you use, the more will become available as you develop relationships with more private lenders.

Having the ability to fund all of your projects with private lending is critical to a real estate investors success in this business.

There are three great reasons for using private investors to fund your real estate deals and allow you to grow your investment business.

First, utilizing private lenders will free up your cash to be used for new deals and for making offers versus such things as down payments, rehab costs, and all the costs associated with acquiring a piece of investment real estate. Now you can focus on new deals with your money and use your private lenders to fund the deals you have under contract.

Secondly, private lending is really the only game in town at this time. It very hard, if not impossible for the average real estate investor to get traditional loans from bank or saving and loans with great credit and at least 40% down payment. Hard money lenders are a thing of past as the credit crisis has wipe most of them out. So you are left with private lenders as the only real dependable source of loans to buy investment real estate.

Third, the benefits of private lenders is that the money is relatively cheap at 9% to 15% versus hard money at 25% or more. The documentation and forms are very simple and only require 4 documents to close a private lending deals versus a bank loan with over 4 inches of paper. Lastly, and most important there are no personal guarantees w

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Marcus Stout asked:


Like most organizations, schools in the United States are subject to constant budget stress. Important athletic and scholastic programs are subject to budget cuts as demographics change and taxpayers become increasingly budget aware.

As a result, schools include fund raising resources in their planning for programs.

Education should rank high on the list of tax payer funding. With exception of defense, it is hard to imagine a governmental effort that is more important to our country than good education.

Education and schools focus on our future leaders and it is in the schools where lessons in character are coupled with the development of skills required for success in a modern society.

Fund Raising and Healthy Products

Schools, both public and private, have turned to fund raising to help fund sporting and educational events. Where large number of people have gathered, schools, through sports teams, booster clubs and scholastic societies have raised funds by selling products for a profit at events or by using team members to sell products to friends and family..

Historically a number of products were sold that generated revenue and these were mainly food products like carbonated soft drinks, cookies, pizza and candy. As a group these products were not considered healthy by many.

Recently, for example, an agreement was finalized to discontinue the sale of carbonated soft drinks in schools and this is a landmark effort to help reduce obesity and create a healthy lifestyle for students.

Many schools are now exploring fund raising with healthier products. As a result private label water is becoming increasingly popular as a healthy alternative method to raise funds.

Private Label Drinking Water

Private label drinking water is an effective and healthy way to raise funds for a number of reasons:

? If the water is purified, it represents a wholesome addition to a healthy lifestyle.

? Creation of a private label is an effective form of advertising that adds value to the water and the event. This additional value is reflected in a higher price, greater revenue and more profit.

? Private label water is consumable advertising that is often carried from the event and serves as a reminder to participants and others.

? The label design offers flexibility that allows schedules and scores to be listed and updated.

? Private label water is ideal for outdoor events and is very cost effective. The cost decreases as volume increases.

? Private label water can easily establish a brand identity for the school or team.

? The design of one label can be used for many school events.

Two Avenues of Fund Raising

Private label water is a versatile tool for fund raising. It can be sold directly at school events and players and participants can resell private label water to friends and family to raise revenue. Either avenue is an effective fund raising device.

Both avenues are available to schools most of the calendar year and provide consistent fund raising opportunities.

Student Participation

Students are both the beneficiaries and the key assets of fundraising. They can control the quality of their own athletic and scholastic programs by actively participating in the event and friends and family fund raising activities. Gaining a student “buy in” for programs will guarantee success.

What to Look for in a Private Label Water Supplier

There are a number of private label water suppliers but they vary widely in the quality of their product offerings. There are three areas to investigate when choosing a supplier:

Quality of Water

Events with a large number of participants require proper hydration with water of the highest quality. High quality water in terms of health and taste is also critical for the acceptance of the theme and event message. If the water is low quality or tastes bad then the message will fail.

The best quality water on the market today is purified using a distillation/ filtration/ oxygenation process that removes all impurities, including all bacteria, and creates a light, refreshing taste.

Quality of Label Design and Production

The label is the message part of the product and poor-quality labels send a poor-quality message. Production of a poor-quality label is a waste of money and adversely affects the message and theme.

It is very important to know that the vast majority (almost all) of the private label opportunities in this country come from water resellers (not bottlers) with desktop-model “thermal” (or “thermal wax”) printing devices with a quality level that cannot compare well to even consumer-grade inkjet printing devices widely available for less than $200 at your local electronics store.

These label printers are very cheap in both quality and cost, typically ranging from $10-20k depending on configuration, and are widely used throughout the private label water industry because of their low cost.

In sharp contrast, a quality label, i.e., one that looks like a top-shelf brand that you might find in your local gourmet grocery store, needs to be produced with professional-quality equipment using professional-grade printing equipment. There are three types of printing equipment that can produce a high-quality label.

1. Rotary offset lithography;

2. Flexography; and

3. High-quality digital presses.

For most smaller runs (under about 10,000 units), digital equipment offered by Heidelberg or HP is the most cost effective solution, but instead of $10-20k, the minimum equipment costs for these professional solutions range from $750k to $1.25M per station.

These facts are very important to understand when choosing a private label bottler – because those who sell low-quality labels would have you believe that nothing better is available because of the short runs required by private label customers. Nothing could be further from the truth.

In order to succeed, your label must be professionally designed and produced with high-quality materials using a printing process that renders a high-quality result. Waterproof lamination is also required for long lasting labels. This is easily achieved for an affordable unit cost using the right equipment for the job.

Quality of Customer Service

The design and production of private labeled drinking water is complex and requires intense interaction between the customer and supplier. Communication and a culture of customer service excellence is a prerequisite to the creation of an effective theme message and a successful event. Without a significant commitment to customer service on the part of the supplier, the impact of the theme message will fail.

A supplier with a fully interactive e-commerce site is an ideal way to create a high quality label, modify the label to reflect event changes and to order more water as demand changes.

A supplier that is experienced in fund raising and is willing to commit management resources to support a school fund raising program is a definite asset to individual schools.

Choose a quality supplier to help develop and communicate your message and to create success for the school fundraising event.



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Mark Lomas asked:


It can be very difficult for businesses with less than two years of operation to obtain business credit. With the vast majority of businesses failing within the first two years of operations banks are not aggressive with lending monies to new businesses. In fact in the United States 90% of small businesses cannot obtain financing from a traditional bank. All businesses, at one time or another, need to access operating capital to grow or to overcome seasonal revenue fluctuations. It is no surprise that many businesses fail due to cash flow issues. If you can’t get financing from a traditional bank where does the money come from? A lot of businesses owners will tap into personal savings, put there home ownership at risk or get family and friends to invest. This does not have to be the case.

There are ways to start or operate new businesses and access working capital without a bank loan, personal investment or the investment from family and friends. These financing methods include acquiring equipment with a lease, merchant cash advances, invoice factoring, and purchase order financing.

If a new business is unable to get the capital to purchase equipment they can lease. Equipment leasing is a viable way of securing much needed equipment, computers or vehicles. There are leasing programs available for start up companies and for individuals with marginal credit. Leasing is extremely flexible and payment plans can be tailored to protect your cash flow. If your credit rating is strong you can lease equipment with a 90day deferral payment so that you can use the equipment to finish the job before you even need to make a payment. Leasing equipment generally requires a lower credit score than borrowing money for the equipment.

One of the toughest industries to secure a small business loan is for a new business operating in retail or as a restaurant. These types of companies usually have very little in the way of assets to secure financing and are classed as higher risk. Both restaurants and retail locations accept credit cards. This provides for a method of accessing unsecured cash called a merchant cash advance. This is not a loan but rather a sale of future credit card receipts at a discounted rate.

If a new business receives a large purchase order they can use that purchase order to obtain the funding needed to purchase the supplies to fill the contract. Purchase order financing can provide 100% of the funding needed to get your product out the door. Typically this type of financing would be for import/export or distribution companies where a product is purchased and resold at a profit, however some lenders will look at covering labor and associated costs. It all depends on how credit worthy the customer is and what type of industry they are in.

If you supply your product or service to other businesses and they don’t pay you for 30 to 90 days it can become almost impossible to manage your cash flows. Once you add in growth to this situation cash flow management becomes even more difficult. Due to the delayed payments, your costs increase faster than the revenues coming in. Lets look at a simple example. You own a staffing agency and you land a new large customer that will double your sales. This new customer will pay you 60 days after your temps complete the work. Your sales just doubled and so did your costs. Payroll can’t wait for 60 days, because your employees need to get paid on time or they will go elsewhere. Cost immediately double but

you do not see an increase in revenue for 60 days. This is a major hit in your cash flows and you need access to working capital immediately or you won’t be able to make payroll. The solution to your problem could be in factoring the invoices. With invoice factoring you can receive cash within 24 hours of your temps completing their work. Now there are no cash flow issues. Factoring is easy to qualify for, if your customer has good credit, and set up correctly it can be a tremendous cash flow tool.

At one time or another almost all companies will need to access additional working capital to enable growth or to survive revenue fluctuations. For most small business owners this may seem like an impossible task because banks turn down the majority of their financial requests. It is extremely important for business owners to know where to turn when a bank says no. Their company’s survival depends on it.



Commercial Loans to 65% of Value

Michel Lautensack asked:


When ever you need to finance the purchase real estate investments through a private mortgage lenders, you must first locate a private lender with an interest in your particular real estate venture. Private lenders are ordinary people who are willing and financially able to fund your property venture by means of their own assets. You can locate private lenders through networking with others in the business, asking for referrals, or making a public presentation to a group of potential private money lenders.

Assuming you have located the private mortgage lender, you will need to set up a meeting to negotiate the terms of the private mortgage loan. Keep in mind that the private lender you choose can secure funds for you through a commercial institution or through personal assets such as bonds, stocks, or cash. You will want to negotiate terms that will present a win-win situation for both you and the lender.

Financing your real property deal through a private mortgage lender is not difficult however; it will involve some simple steps with documentation that will include a Promissory Note, Mortgage, Certificate of Insurance, and a Disclosure Statement. It is also a good idea to consider any federal or state security issues (SEC) which occasionally transpire through the private lending process.

The Promissory Note and the Mortgage document: The Promissory Note and the Mortgage document the terms you have agreed upon with the private mortgage lender. The Promissory Note explains in detail the terms in which the lender has agreed to fund your real estate venture as well as the terms you have agreed upon to borrow the money. The Mortgage outlines the terms of your performance as the borrower and generally is filed with your local county office by an attorney to insure that the filing process is done correctly.

Certificate of Insurance: The Certificate of Insurance is obtained from the insurance agency of your choice and should be provided to your private mortgage lender. The property insurance should include a title to your lender and a title to you as the borrower. It should also outline the exact terms of coverage with regard to property type and causes of loss such as flood, basic, broad, special, or earthquake.

Disclosure Statement: Use of a Disclosure Statement is always a good idea in a real estate transaction due to the fact that investing involves uncertainty and risks. The Disclosure Statement will outline the risks to your private mortgage lender, as well as your plans for use of the property and any possibilities for change during the course of the transaction. This statement acts as assurance that both you and the lender are aware of the possible risks involved before you enter into the real estate transaction.

Federal Regulations: You will want to check the federal regulations as well as those for your particular state with regard to what is termed as issuing a Security. In many cases, when you work with a private mortgage lender, it is considered issuing a Security under SEC guidelines. To avoid any problems, you may need to register with your state or federal SEC if you do not fall under certain exemptions.

Deciding to fund your real estate venture with a private mortgage lender is a relatively straightforward process and can open the door to diverse opportunities for future opportunities that would otherwise be complicated with conventional lenders.



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Groshan Fabiola asked:


Ask the lender to give you five to five references, so you can evaluate their experience and background. If permitted, contact the references for feedback to see if they are satisfied with the lender.

Does the lender offer a wide range of financing options? Is financing accessible?

Check if the lender offers a range of financing options / loan packages that serve your present as well as your future needs. You may need a simple loan arrangement now, but can the lender support the future needs of your business? Accessibility in acquiring the funds right when your business needs them is important.

How well does the lender know your industry?

Lenders who know your industry will generally know the needs, capabilities and potential of your business, and they are in a better position to give you a suitable loan package. They can also see the total picture and recognize temporary limitations against your business’ potential.

Choosing The Right Loan

Once you have narrowed down your list of potential lenders, you can evaluate their financing options to determine which is most suitable for your business and for your needs.

Term Loans

These are the most common loan types that are used for general purposes such as working capital, expansions, purchases and acquisitions. Term loans are used to support your straightforward needs for additional funds, which are to be used for clear and specific purposes. These loans will allow you to acquire large sums over long periods which are to be paid monthly or as in the case of short-term loans, smaller amounts that are paid in full at the end of the term.

Credit Lines

These types of loans are more flexible as they allow you to draw additional funds whenever the need for additional cash arises. Interest rates for credit lines are based on the outstanding loan balance. Different lenders offer many variations of credit line type loans – you must evaluate each credit line carefully and determine which will fit your needs without being too costly.

Factoring

Another not so common option for smaller companies is factoring or receivables financing. Factoring allows you to “sell” your invoices so that you can have the funds immediately. If your business has active but slow paying accounts, factoring may be very useful.

Meeting your needs

If you have taken necessary measures and the time to properly evaluate potential lenders and their loan packages, you will be able to choose the right commercial lender and the right commercial loan to meet not only your current needs, but the future needs of your business.

Find Commercial Loans using our free Commercial Loan Application to compare rates and submit your information to multiple commercial lenders. We have over 300 commercial real estate lenders, business and construction lenders as well as private equity groups waiting to help you. Best of all, GlobalBX is FREE!

Find Commercial Loans using our Commercial Loan Application to compare rates and contact multiple commercial lenders for FREE at GlobalBX!



Commercial Loans to 65% of Value

Floyd Tapia asked:


When is there not a time when small business owners need cash for advertising, inventory, marketing, expansion and even for start-up costs? And when asked, most business owners feel their only resources for funding were local banks and credit unions.

Now this was not said in a way to imply that one shouldn’t seek financing from a local financial institution. However, I must stress that most local banks usually want a business loan to be collateralized with personal assets such as a home or land. If know this from experience.

It’s very important for business owners to understand that you must take a proactive attitude about developing banking relationships in today’s financial community. One very good reason for this is that it is much easier to obtain small business financing than compared to personal loans.

Then you have to carefully consider the type of business funding you will attempt to attract. For example, getting unsecured business credit lines would be ideal for your business now and into the future. The biggest advantage to this type of loan is no personal credit or collateral is required.

It is vitally important to remind business owners to consider the need to protect your personal assets and your ability to minimize frivilous lawsuits that could wipe you out financially in the blink of an eye.

An experienced small business consultant can be of tremendous help in establishing your corporate identity and unsecured credit lines which in turn will free your time in dealing with more important day-to-day operations.

Here is a brief summary of important areas to re-consider now that can undoubtedly have a huge favorable impact in your company’s financial outlook.

1. Limited-Liability Corporation (LLC) – If you do not currently have a LLC entity set up, I would strongly encourage you to do so. Although not an attorney, I have personally witnessed personal assets frozen and seized when business owners are faced with litigation. Due to endless research, I ahve come to the conclusion that having a LLC can better protect your assets and estate in the untimely event you are sued.

2. Shelf Corporations or Aged Corporations – These are corporations that have been around for 2 years or longer that are in good standing with your State government. These corporations can dratistically improve your ability to obtain small business loans and unsecured credit lines since many banks will not consider financing to businesses with less than 2 years of existence.

3. Physical Street Address – If you are going to play with the “big boys” you must play like the big boys. You must have a physical street address and not a P.O. Box if you want to establish a solid business credit history. You must also have a phone number that directory assistance can list.

The bottom line is this: You must have your proverbial “ducks in a row” when steering your business down the road of expansion and profitability. Seek expert assistance and then act upon the professional advice given to you. This will make any type of business financing much easier to attain.

Steve Bush asked:


A prudent approach to working capital management is becoming more difficult for most commercial borrowers. Commercial loans have always been more complicated than realized by most business owners. Recent financing difficulties involving commercial mortgages, SBA loans and business cash advances have added significantly to the complexity of the entire commercial lending process.

This article will provide a brief overview describing some of the business financing resources which should be thoroughly evaluated by commercial borrowers as part of their prudent approach to successful working capital funding. All of the recommended sources are free and available online. Business owners should contact the author directly or use one of the leading internet search engines to locate the most appropriate sites.

The first resource can be located by searching online for “working capital financing special reports” or “commercial loans special reports”. This will provide links to a wide variety of recent articles addressing relevant issues such as difficulties which are likely in refinancing SBA loans. Commercial borrowers should especially benefit from reading about recent adverse developments involving business cash advances and small business mortgages.

A second resource will be discovered by looking for “commercial mortgages and commercial loans guide”. This site includes candid advice about avoiding problems with commercial real estate loans and business opportunity financing. Also included at the website are some especially relevant articles. A prime example is a special report describing what a commercial borrower can do if a bank declines their commercial real estate financing application.

A third key commercial funding resource can be reached by searching for “business cash advance and working capital guide”. As you might expect, this particular site primarily addresses issues related to working capital strategies. Of special note at this site is an executive summary about small business cash management. This summary report includes a list of ten problems to avoid with credit card receivables financing.

A fourth resource which should be helpful to anyone that currently owns or is about to buy commercial property can be found by looking for “real estate investment property loan and business finance guide”. This site will provide a useful perspective about some critical problems to avoid with commercial mortgages and SBA loans. For example, a report at the site discusses how to avoid malpractice with commercial loans.

For additional insights about business loan reports available through internet sources, we recommend including terms like “avoiding problems” together with other descriptions such as “working capital” and “commercial mortgage loans”. For example, by searching for “avoiding problems with working capital loans”, commercial borrowers should obtain useful insights about difficulties to be avoided in their own business financing efforts.

There are also some suggested precautions to observe in this approach to researching commercial loans. Two of the most important issues are highlighted below.

First, most small business mortgages and working capital funding strategies are highly likely to be more complex than expected by commercial borrowers. Although written sources can identify general problems for business owners to anticipate, there will usually be specific complexities that require more detail than can be provided in a generic article.

Second, because of the complicated nature of commercial loan underwriting, there is really no substitute for individualized discussions between a commercial borrower and a knowledgeable business financing advisor. Prudent business owners should insist on detailed and personalized interactions with a working capital management expert before finalizing their funding decisions.

Tanya Wiseman asked:


Commercial Loans highlights and types

There are considerable amount of different types of lending programs developed to accommodate commercial loans for office buildings. These programs change in the requirements, terms, and loan amounts available and are highly dependent on the individual situation of the business or business owner. While each loan has its function in the commercial funding arena, each also has drawbacks. Each option should be assessed carefully with a financial counsel to ensure that the needs of the individual borrower are fully met. 1. The Real Estate Purchase Loan.This type of comercial loan is very conventional; it capitalizes the office building as its own security. It is accessible as both a commercial and a governmental guaranteed loan. Rates are generally competitive and calculated upon the Loan to Value (LTV) of the property. 2. Commercial Mortgage Fixed Rate. These types of loans are more contrivable when it comes to a budget as the payments and the interest rate stay invariant during the term of the loan. Furthermore these types of loans offer firmness in position over market fluctuations. Typically, the maximum LTV is 80%. Terms range from 5 years to 20 years. 3. Commercial Mortgage adjustable rate. Multiple buyers work with this type of loan to finance their office buildings. This loan has an adjustable annual rate of interest. As a general conduct, borrowers are able to qualify for a larger amount with these types of programs. The payments and interests are subjects to accrual during the term of the loan. As another preference, some programs offer borrowers the option of making graduated payments or even increasing the loan amount in the future. Depending on the loan accordance, it is feasible for the Adjustable Commercial Mortgage to actually cost less than the Fixed Rate Commercial Mortgage.