Amidst the heavy bashing of America that is going on, both here and abroad, let me remind you of a couple of positive things about America. One of them I never thought of before.
After we dropped the atomic bomb on Hiroshima in World War II, we literally had a weapon that would have allowed us to conquer the world. In all of human history, when a country, nation, or tribe could conquer its enemies, it did. We actually had a weapon that, if we hurried and built enough of them before others caught up, we could have conquered the entire world. Instead, we went about rebuilding, giving money to the countries that were devastated to help them rebuild. In all of history, nothing like that had ever happened. That is a beautiful fact. Would today’s politicians do the same thing? That is a debate I won’t go into…but we did do it, an amazing statement about the heart of this country once upon a time.
The other great thing about America, and it is still true today, is that you can have an idea, start a business, and become wealthy. Last time I was in France, hanging out in a café, talking to the interesting people around me, this topic came up, and they mirrored that sentiment. America is still seen around the world as a land of opportunity. In most countries, you need to be from royalty or the already established upper echelon, and people from nowhere literally have no upward mobility possible. But not here in the US, and this is still true today. A lot of the loans I do are for business franchises that are starting up… those businesses, if successful, could be the ones that change the entire course of that family, be turned over to the kids as a legacy, and so on. Leveraging SBA financing, you can start that business for just 10 or 20% of the cost needed and finance the rest. Literally thousands of these types of loans are being done every year in this country.
Another great avenue is buying an already established business. I am seeing a lot of people pull their profits off the table from the stock market, which is priced pretty high right now, and rolling that money over into buying an established business. The benefit of this avenue, of course, is that you can see the track record, mitigating risk. You can put as little as 10% down and calculate based on historical cash flow what you will be making each year on that investment. If you choose correctly and can add something to it to juice the sales and profits, who knows how much you can make from that business, year in and year out. These are loans we do all day, every day. Wealth building, success, legacy, it is still possible today-EVEN with rising prices, EVEN with geopolitical shenanigans. If you or anyone you know needs help with commercial and/or business financing, give me a call at 512-358-1511 or go here to get started.
Give us a call today to discuss your commercial finance needs or get started by filling out this form!
Karen Schimpf
(512) 358-1511
karen@applycommercialloans.com
Karen Schimpf
Commercial Capital, Ltd.
O: 512-358-1511
E: karen@ApplyCommercialLoans.com
w: www.linkedin.com/in/karenschimpf/
blog: http://bizloansconnections.com/
website: http://applycommercialloans.com
P.S. If you are looking to buy a commercial property but your tax returns are not showing enough income to qualify for an SBA loan, do not assume you are out of options. We have a program designed for borrowers in this exact situation with up to 90% CLTV, a 30-year fixed rate and term, and closings in 45 days or less. Give us a call today at 512-358-1511 to discuss your situation.
Also, if you already own a business and want to buy a similar business in the same geographical area, SBA financing may allow up to 100% financing and even provide working capital too. There are definitely competitors in your market struggling right now, and if you are running a strong business, this can be one of the fastest ways to grow through acquisition. For this or ANY small business loan situation, call me at 512-358-1511.