Time to Shine the Clubs

How time is flying by!…. Golf season is just around the corner.

This year there are some changes to the Woodland Rotary Clubs annual golf tournament. Most important one is that we have switched to a 0800 shotgun start.

Despite the fact that this is going to be a tough year on the economy, we still have to dig deep in our pockets to help those less fortunate people. This fund raiser is our biggest project to raise money, and has the potential to help many. Last year the Woodland Rotary Club provided Christmas to over 40 families. That included wrapped gifts to put under the tree for the kids, and all the supplies to cook a holiday dinner for families who have been hit hard with the economy. We can’t do this without your help.

Check out the attached link with all the details. Come golf for a great cause! It’s also a great networking opportunity. Invite your favorite clients for a fun Friday, at beautiful Lewis River Golf Course.

Woodland Rotary Golf Tournament

Sign up today!

Suzy

Look Beyond the Bank to Keep Your Business Going in Tough TimesIn my last newsletter, I mentioned that a credit correction was coming. Well, it’s arrived.Right now it’s more important than ever to make sure your customers are educated on “other financing options” as credit standards continue to tighten. As you all know, there is very little formal education on financial matters in school; hence, we have a nation of poor money managers. For this reason, I suspect that both business and personal bankruptcies will be on the rise. Educating our youth as well as our business clients on financial strategies has really fallen upon us. How many business owners do you know have a MBA? How about any formal business financial training? Or are they from the most common “school of hard knocks”?When you need to exit a credit or have to deny a borrowing request just remember that there is a very big world outside of the bank! A world that isn’t confined to loan covenants like debt-to-worth ratios, tangible net worth, or federal regulations—I could go on and on. Here are a few financing options to keep in mind:
Accounts receivable lines of credit
Minimum request $200,000, no maximum
Non-conforming commercial real estate loans
Bridge loans from $250,000 and up
Factoring Invoices
Minimum request: $20,000 per month
Sale lease back on equipment
There are also times when a simple refinance isn’t the solution, when a business is just out of control. Over the years we have built relationships with professionals in the industry who specialize in helping our clients make the necessary changes to get back on track. Back to why they went into business to begin with—to make money! Call me if your customer needs:
Debt restructuring. This happens when there are not enough assets to cover all the debts.
Strategic planning for selling the company.
It’s time to work to preserve customer deposits and jobs and keep the economy growing by making sure that when your customers are cash-flow negative, or cash strapped, you can educate them on some financing options.Early intervention is essential during a recession to keep our customers in business. If you see that a customer needs help due to lack of profitability, frequent overdrafts, uncontrollable growth, poor management, or even tax delinquencies, you need to call me at 1.877.594.9423.
Have a Happy Halloween, and what a beautiful fall it’s been so far! Suzy Oubre Alliance Commercial Credit GroupPS. if you need additional information on any of these financing options I have more detailed explanations on my website at www.alliancecomcredit.com or feel free to call me anytime.

Let's see if this works. This guy is amazing! This is the pilot that landed the plane in the Hudson. Makes my heart pound. Check out the video

Economics of 2009

I went to an interesting presentation yesterday with a panel of economic professors. There are some well known speakers that we hear from at many of the banker lunches, but yesterday I listened to the first honest one. He painted the real picture of just how difficult 09 will be, as well as the first 2 quarters in 2010.

In the great depression of 1930-40's factoring invoices was a method that business owners needed to use when their sales had plummeted, and profits suffered. They say history repeats itself, and in fact it does. The bank credit correction that is taking place will force business owners out of business, if they don't know what other options are available. With no formal training in school, it will be up to the business professionals to keep an eye out for those owners who are suffering from negative cash flow. Attorney's, CPA's, Bookeepers, Payroll Service providers, need to be proactive with understanding what the client needs before it's too late. I would encourage people to speak with all their clients on how their banking relationships are going, since there are a lot of sudden changes taking place right now.

Credit lines may not be renewed, banks in a crisis have frozen credit lines with the customers, letters have been going out letting people know their loans are due... Keep a sharp eye out, and a helping hand.

Go to my website and check it out http://www.alliancecomcredit.com/

Suzy

Special Moment

I love this picture, how often do you see this many generations of presidents together at one time?



http://www.msnbc.msn.com/id/21134540/vp/28542428#28542428

Pay it Forward

When someone you know mentions that they are off to a Rotary meeting, have you ever wondered what exactly is rotary? The common thread between Rotarians is that they care about other people and they want to be a part of making the world a better place. Look at this brief video that RI has put on youtube. There are several other videos as well you can look at. Wonder no more.......Let's make 2009 a great year.

Hope you had a safe and Happy New Years celebration.

Suzy