I know this comes as no shock
to you, with all the news reporting on the subject, but few realize
how deep the credit crunch is affecting banks and hence, Americans
in general. There has not been something like this since the
S & L crisis in the late 80's and it may get worse before
it gets better. By our estimation, and we talk to thousands of
banks around the country, as many as 50% of all local banks have
quietly ceased funding any new loans through year end. They can't
and won't advertise it, they are just quietly denying any loan
application regardless of how strong. Add to this the Wall Street
Conduit shut down since the Lehman Brothers bankruptcy and you
have the equivalent of a vice, squeezing small businesses and
investors who need financing to fund operations and growth.
So how does this affect the average
American? The great majority of job creation in this country
is being done by small businesses. If they can't start or grow,
then that takes a major driver of this economy off the table.
For example, one of the largest lenders in franchise financing
without real estate just stopped funding franchise startups.
Hundreds of franchise businesses, from restaurants to hardware,
that were slated to open in the next 90 days are now stalled.
This equates to tens of
thousands of potential jobs lost.
There is no other financing source for this niche available
without collateral and few of the startups have the necessary
collateral. Just like that, thousands of jobs gone and you won't
hear about this on CNBC. This is truly a unique time in the
life of our economy.
But all is not lost. We KNOW
that there ARE small businesses making money and there ARE good
cash flowing properties that can be refinanced and/or purchased.
AND WE HAVE MONEY TO LEND! As the largest commercial correspondent
in the country, with over 500 local branches, we know the sources
that are still funding. We know the transactions that can be
funded and we know how to get them closed. NO ONE CLOSES MORE
COMMERCIAL LOANS EACH MONTH THEN COMMERCIAL CAPITAL LENDING SOLUTIONS.
NO ONE! Our size is your advantage allowing us to not only
offer financing on properties and businesses that local banks
might deny, but allowing us to provide the volume pricing incentives
even local banks can't match.
In short, if you need a commercial
loan, there is just one number you need to call .Commercial
Capital Lending Solutions. Call your local branch office today.