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Financing Your Business With Darrel Hornbacher
posted by David Wolf on Apr 16, 2009 | Comments (5) | Permalink | Trackback URL
Midas Financial was formed in August of 2005 in order to facilitate funding for small business owners. In that time we have successfully secured funding for our clients in excess of $250mm. Our expertise includes all types of capital infusion. Debt financing includes traditional business loans/lines, SBA financing, leasing, factoring, commercial mortgage, credit card finance and stock portfolio lending. We also are allied with over 25 equity investment companies that create PPM’s, extensive business plans and connect clients directly with equity investors. We also consult on credit issues, both business and personal. To conclude, we have also created the premier small business reference tool on the net. The Small Biz College is the most comprehensive desktop reference library providing solutions to issues small biz owners face every day.
In the time frame we have I would like to talk about a little known method of getting “immediate capital”. The use of business credit cards. Lenders are saying NO to requests for loans and lines of credit at an alarming rate. Yet those same lenders are offering up to 50k on a business credit card. Applying for several simultaneously can give you an immediate cash infusion of up to 150k. DON’T BE AFRAID OF A CREDIT CARD! Business credit cards are totally different than personal credit cards. Although you need to qualify for a business credit card the same way as a personal card, business credit cards DO NOT report balances to the credit bureau’s there fore keeping your scores intact. Additionally, many business credit cards are offering 0% interest for up to 15 months including cash advances. By understanding the nuances of this type of financing you can achieve your goals rather quickly. Midas Financial has successfully obtained business credit cards with limits exceeding $3mm for our clients in the last 9 months alone.
FILED IN: Entrepreneurship, Family Business, Finance, Management, Money Management, Operations, Podcast, Purchasing, Productivity, Sales, Starting Your Business
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I definately have a fear of credit cards, but in todays economic environment, it is definatley time to open up to new options.
Forex News
I am looking at opening up a small business selling retailing clothes. This is my first business and I will need some help financing it. Does anybody know how I can get business financing if I am not an existing business…
Talk to the small business administration. they will help with loans. also try applying for grants. you know the guy with the big bood and the question mark jacket screaming about free money on tv? he’s for real, check out his book. also see if your town has funds to distribute through what is called a “tiff” fund, basically the town is given money to give to its new businesses!
How to know a good loans and bad loans ? can you share about that ?
Locksmiths
Interesting and informative - although I’m wondering if all credit card lenders that issue “business” credit cards don’t report the principals’ pay history to the credit bureaus.
I’m a commercial credit analyst and I see credit cards that business owners indicate are business cards on CBRs all the time.
Otherwise - Good podcast.
What do you think?
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