"Every Day We Hear From Clients Who Express Frustration, Trying To Fund Their Business, Or Real
Estate Project... In A Tight Credit Market"
That’s because the banks are not able to meet their needs anymore. The
credit crunch has infected the capital markets, hurting the standard commercial banks… and the clients who
rely on them.
.JPG)
That’s where we come in. We have access to alternative funding sources who
can help you... even if traditional lenders turned you down.
That is, of course, if you have the right project.
What is the right project? The answer may surprise you. It starts with the size.
It’s easier to fund a $10 million deal than it is a $100,000
deal. That’s why I specialize in deals of at least $10 million. That's because most of my sources
prefer the larger deals. I have sources for deals below $10 million, but I prefer the larger
deals.
What else? Funding sources (whether debt, equity, or a combination) like to see that
you have “skin in the game”. A film maker came to me once, seeking funds for his movie. When asked about
“skin in the game”, he thought I was asking about nudity in the picture.
That’s not it.
By "skin" I simply mean how much money do you have in your own deal? This is important
because investors, and lenders, like to know that you can’t easily walk away from your deal if it starts to
go bad… leaving them holding the bag.
Having sufficient skin also opens up funding sources and options for you... options
which just aren't available for "nothing down" deals.
How much skin do you need? That will vary with the size and type of project, but for most
deals, even as little as 1-3% cash on hand can help you get the funding you need. In other words, if you want
to raise $10 million, it will help if you have at least $100,000 liquid. If you have a lot more, you
will be able to generate greater interest from my sources. For example, one of my key sources works best at
the 10-15% (skin) range.
What about industry? Does that matter?
Not so much. Some lenders like real estate deals. They are familiar with those kinds of
deals because that’s what they do… and have done for years. It’s a comfortable industry for them.
But that’s not all. For example, I secured $125 million for a company with a cancer
treatment. I work on deals of (and have sources that will entertain) almost any legal industry you can think
of.
What about credit scores?
For many lenders, your credit history and rating are important. But I have
many funding sources who will look past less-than-perfect credit, if they like the deal (and you have
some skin in the game)
The First Two Questions For You To Answer
For best results, I'm going to want to know two things upfront... (before I know how
great your project is, or how long you've been in the business, or where you went to school, or anything
else)...
Tell me:
1. How much money you're looking for; and
2. How much cash you currently have available to invest in your own project
(skin).
Once I know that much about your project, I'll know where to take your deal for best
results.
I'm looking forward to hearing from you. Contact me at 925-418-8213,
or Johng@WVFunding.com

|