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| The Start Up Companies Seeking Funding -Look Here Network is not currently active and cannot accept new posts | Seeking Funding | Views: 926 | Dec 02, 2005 8:05 pm | | Seeking Funding | # | Timothy Flores | | I am a 27year old U.S. Army Veteran,Mexican and Full time College student. I was a diesal mechanic in the Army. Decided to start my own mobile repair business. I will be doing Basic Auto and Home Repairs. I am looking for funding to help with advertising,parts,and tools. For more info contact me.
Flores Mobile Repair P.O. Box 50 Yucca Valley,CA 92286 760-910-2100Private Reply to Timothy Flores | Jan 26, 2006 7:25 pm | | re: Seeking Funding | # | Diane Glatfelter | | Below are two different programs for your review. First is the Business Credit Builder. That program is becoming very successful for new or start up businesses, enabling them to establish business credit, without personally guaranteeing anything. Here are a few testimonials:
5/24/2005 - The offers POURED in -- one page applications and a two minute interview over the phone, if that. Received $5,000 from WFB, $7,500 from Capital One, and $10,000 from MBNA. Some with, and some without, a guarantee, BUT WHO CARES?, we haven't the need for that much money anyway anymore!
So you add all this to the $100K we refinanced last year and the outlook for Summer 2005 looks just fine. Anyway, ALL our business lines of credit are below 7% and some are at 0% introductory rates until next year. Cash flow, therefore, is great and we have a reserve system that we can tap into at any time. Lastly, and probably most ironically, now that my (and my other principal's) personal lines are "freed up", not a week goes by where we're not solicited to do more business -- when just a short time ago no one took our little internet company (or me for that matter) very seriously!! I think we're to the point where our company can pick up the phone and access reasonable capital at any time. - Rainrider Redlines, Inc. - ID 2/15/2005 - I incorporated with [an affiliated company] about a year ago and it was a great experience to work with such professionals. The only obstacle I had was getting business credit without using my social security number to personally guarantee the credit. You can't even talk to a bank, even your own bank unless you have been in business for two years, minimum.
What I want to let clients and potential clients to know is that the business credit builder program is a powerful way to build credit quickly without using any personal guarantee. Over the past eight months I have obtained six different credit and trade references all using the corporate credit only. The staff is very helpful and they are dedicated to help your business grow credit quickly.
So if you are already or soon to be incorporated, I strongly suggest the credit builder program. It has helped my business do things in less than a year that normally couldn't be done unless your business was two or more years old. - J. Loffredo - Custom Curb & Landscape Design,
The second program is the leased collateral/loan program. This program is designed to help new or established businesses obtain collateral and a loan, which they otherwise wouldn't be able to attain due to the lack of credit and collateral. This program has been used by my firm, as well as several of my clients. The client can obtain a new loan every 45-60 days and pay off the previous loan, each time creating a larger loan for themselves.Since the loans are interest only, the interest is tax deductible. Once someone hits over the 1M mark, we have another program that is separate from this one, whereby the client can enter a private placement program, which yields a nice return every week, allowing the client to pay off the outstanding loan. This makes for a self-liquidating loan. We will soon have written testimonials from our clients on this leased collateral/loan program.
Answers to commonly asked questions: 1.. What is the "leased instrument? The leased instrument is a letter of credit issued by a bank. It has a cash value that will back the loan. 2.. How does one make sure that the principal is not lost in the first round? Principal meaning the 50k? The 50k is used to pay the cost to lease the letter of credit. If for any reason the loan does not go through, (which we haven't had that happen yet), then the 50k is returned to the client. That is outlined in the agreement prior to any funds being transferred by you to the lessor. 3.. And how do you make your fee? My firm makes 3% of the face value of each of the loans only if the loans go through. It is payable at closing.
If you are interested in any of the above programs or have any further questions, please feel free to contact me.
Warm Regards, Diane Glatfelter K2 Unlimited Inc. www.k2unlimitedinc.com Phone: 978-362-1904 Fax: 978-349-7172 Business Profile: http://www2.fastpitchnetworking.com/emailsignature.cfm?P=5&ID=896107503550
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