10 Tips for Fighting the Uphill Business Loan Battle

Article brought to you by Google Alerts and the Commercial Lending Division

Have you ever applied for a business loan? It’s an uphill battle, even more so now than ever. How hard can it be? I found some sobering facts:

• 74 percent of all small business loan applications get turned down. Maybe as high as 90 percent. (Source: sba.gov)
• Banks are fighting over cream of the crop borrowers — doctors, lawyers and CPAs or companies that have been around a long time with steadily increasing gross income year after year. (Source: fdic.gov/bank/statistical/)

What’s the reason that banks have put a tighter net on the money tree? I think it’s fair to sum it up with two words — profit and regulations. Despite any bad feelings we may have towards banks, they’re in business to make money from lending. With such a low percent of net interest margin, the best possible outcome on a loan for these money making lenders is to get paid back all of its principal and make a small spread on the interest. Add the latest batch of regulations into the mix and you have a recipe for hard work on the part of loan applicants.

Best Financial Foot Forward

For those who might be having issues trying to deal with our beloved big banks, I contacted Brock Blake, Lendio’s CEO, and asked him to provide some insights and tips along with some of my own: Read more

In House Financing | Customer Financing | Customer Finance | Video 1

Customer Finance Video News:

The idea of getting your customers or patients financed at acceptable terms is not as easy as it was several years ago due to the present economy.

However, the benefits in house financing can provide to your business or medical practice makes your offering it definitely worth while for many reasons.

Floyd Tapia and Associates will help you to understand how to maximize your chances for getting approved to offer your clients up to $5000 in easy financing thus…

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Retail Stores, Home Improvement Companies, Attorneys and Medical Groups: You can now offer customer finance programs to your customers and patients. Floyd Tapia and Associates has access to approximately $2.9 Billion dollars from private lenders.

Best of all, there is NO risk and NO recourse for your company or medical group. Once your customer is approved for the 3, 6 or 12 months financing and the services completed, your money is in your bank account within 72 hours.

Combine this powerful in house financing program along with our proprietary marketing system that includes our SEO Saint Louis company along with corporate client marketing, you no longer have to depend on one marketing platform. Our iron-clad guarantee gives you more clients which means more money in your pockets while our profits are earned on a performance based agreement.

Turn your credit declines into cash by calling Jon Floyd at Floyd Tapia and Associates at (314) 334-0210. We are the experts for equipment leasing, in house financing, business commercial loans and an alternative to accounts receivable factoring.

Customer Financing: Educating Our Children On the Importance of Personal Finance

Business Commercial Loans and Customer Finance Article

In House Financing, Financing for Customers and How to Get a Business Loan | Consumer Financing Companies and Consumer Finance | Floyd Tapia and Associates | 314-334-0210 or 314-660-0733

Some of the most important decisions including personal financial success in life can only be achieved through proper management of your finances. That’s why it is very important that parents educate their children at a young age to understand their personal finances and how to manage them correctly. This will only help set the child up for success later in life.

There are several ways to teach a child about personal consumer finance. They will ultimately know how to manage their own. Here are some great tips to help you to do this.

Let’s start with one of the most obvious ways to start teaching your child about personal consumer finance is to give them an…

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Article Sponsors

Retail Stores, Home Improvement Companies, Attorneys and Medical Groups: You can now offer customer finance programs to your customers and patients. Floyd Tapia and Associates has access to approximately $2.9 Billion dollars from private lenders.

Best of all, there is NO risk and NO recourse for your company or medical group. Once your customer is approved for the 3, 6 or 12 months financing and the services completed, your money is in your bank account within 72 hours. Turn your credit declines into cash by calling Jon Floyd at (314) 334-0210.

Combine this powerful in house financing program along with our proprietary marketing system that includes our SEO Saint Louis company along with corporate client marketing, you no longer have to depend on one marketing platform. Our iron-clad guarantee gives you more clients which means more money in your pockets while our profits are earned on a performance based agreement.

Turn your credit declines into cash by calling Jon Floyd at Floyd Tapia and Associates at (314) 334-0210. We are the experts for equipment leasing, in house financing, business commercial loans and an alternative to accounts receivable factoring.