Where's the capital? What's the best commercial loan? SBA 504 Expert tells all!
September 29th, 2009 | 04:24 pm
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September 30th, 2009 at 2:12 pm
I liked the approach that if a business owner is prudent enough, they can actually level off of the down economy and improve their balance sheet greatly.
It was not just a good article, but a great one and I read it yesterday morning during coffee.
September 30th, 2009 at 3:12 pm
I read it! U need to go forward with ur bank charter:) I will work for you! Operation, tech stuff, software. Hey great time to push, need more community banks! Big one's are doing nothing.
September 30th, 2009 at 7:40 pm
Hey Chris,
The 504 opportunity is probably the Only bright spot in lending today. Unfortunately many of the business owners that could take advantage of the program and the wealth creation opportunity it affords, either (a) don't know it exists, or, (b)are misinformed as to the difficulty or "hassle factor" of getting a SBA deal done today compared to a conventional loan. Another challenge that I see in my market on a daily basis with mid-sized to smaller businesses, is that they seem much more susceptible to the constant bombardment of negative news from the media. When the "fear factor" is present, they shut themselves off to opportunity, regardless if the numbers prove out.
Keep getting the word out!
Thanks from Boston. (Home of the soon-to-be World Champions Again, Red Sox)
October 1st, 2009 at 8:06 am
Many thanks. Really enjoyed it.
October 1st, 2009 at 8:07 am
Thanks Chris
October 1st, 2009 at 8:08 am
Thank you Chris. I have emailed a copy to our Board of Directors