Our Interest Rates are Hot This Summer! www.alliancecomcredit.com
Spring is almost over and summer is ready to step in. Temperatures are on the rise and people everywhere are anxious to get out and about and enjoy the summer heat. The financial markets, however, still remain slow to warm up. Many of my clients are seeing their sales drop by 20-25%, making it difficult for them to complete loan renewals. Despite the seemingly frigid lending climate, you can still provide options to your clients, enabling you to retain customer deposits and come out on top. Even if your clients cannot be renewed for their credit line, or if they are unable to obtain financing for their commercial real estate loans that are coming due, they still have options available to them in the form of alternative lenders. By helping them into financing with one of these lenders, you are creating a win-win situation for everyone. You are avoiding becoming the "bad guy" for turning down their loan, and you are providing them with reliable bridge financing options until they are once again able to obtain traditional financing. I can work with you to help warm your client up to the idea of alternative lending. I am happy to make a joint call to discuss options, if you feel it would be helpful in preserving the deposit portion of the relationship. Often times customers are reluctant to embrace alternative lending due to the high cost Interest rates usually hover around 12-13% or higher, and that can be a difficult pill to swallow for someone who is already struggling financially. I am pleased to announce that I have drastically reduced rates on my private money products, starting at just 8.85%! With rates this low, you are able to present your clients with options that are comparable to bank loans cost-wise, but offer the speed, convenience and flexibility of hard money loans!Make me your first call when you have to say "NO" to a customer. Whether it's a prospect that you had hoped to help, or an existing relationship you would like to preserve, your customers still need banking and cash management services. If you know that you can't take care of their financing or loan request, and I have an option that will work, let's call on the customer together.

Call me anytime with scenarios; you never know what solutions I might have.

My toll free number is 1-877-594-9423.Take care, Suzy Oubre

Loan renewals 2009

I'm not sure if you saw this, but this was published in the VBJ last month. A little heads up for business owners who either have a line of credit with a bank, or for those who may be thinking about applying.

http://www.vbjusa.com/stories/2009-05-08/thinking_outside_the_box.html

Now is the time to be proactive on helping your customers. Those people that take the extra step to help business owners find the necessary financing they will need during tough times will retain their customer relationships and dedication.

Check out my latest newsletter for more tips

Let me try this again...Must see

Bumplock Device

Here is a break from work...... This video to so sweet. It the reunion between two guys who raised a baby lion, released it back to Africa, then came back to find him as an adult.

http://today.msnbc.msn.com/id/26184891/vp/25796645#25796645

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.