Jennifer Morrison's Contributor Profile - Associated Content
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Wednesday, September 1, 2010
Tuesday, March 16, 2010
Small Business Lending? Seek Out a Broker
With the 30 bank failures to-date 2010 and the number of banks under capital pressure, finding a financial institution to fund small business projects and small commercial real estate projects can be difficult. Small banks in particular were the life-blood of many local businesses and relationships are an important part of lending.
Why not seek out a commercial broker for your lending needs?
Commercial brokers are licensed, as required by the states, to seek out the best rates, the most flexible terms, and to extend the reach of entrepreneurs seeking funds. A good example is Lighthouse Commercial in Columbus, Ohio.
Operating for more than 10 years and surviving the unprecedented dislocation of the financial markets, Lighthouse thrives on relationship banking. They seek to bring together the most flexible lending terms with small businesses and entrepreneurs around the US. Lighthouse has the "reach" that most small businesses cannot gain from doing business locally. And, just as banks can hardly be thought of as particularly "loyal" to their customers, Lighthouse is not "loyal" to any particular funding source. Rather Lighthouse is loyal to their clients - they find the best available rates and terms and work for the client, not the banks or funding sources.
Lighthouse has SBA programs and other government funding sources available but also works with large insurance companies and other non-banks to broaden their clients' reach for funds. And Lighthouse can advise their clients on the new structures the market is creating as well as the financial conditions that have driven certain "players" in and out of the market.
Seek out Lighthouse Commercial at www.lighthouse-commercial.com and its affiliated business Lighthouse Mortgage Services at www.lighthousemortgage.cc.
Why not seek out a commercial broker for your lending needs?
Commercial brokers are licensed, as required by the states, to seek out the best rates, the most flexible terms, and to extend the reach of entrepreneurs seeking funds. A good example is Lighthouse Commercial in Columbus, Ohio.
Operating for more than 10 years and surviving the unprecedented dislocation of the financial markets, Lighthouse thrives on relationship banking. They seek to bring together the most flexible lending terms with small businesses and entrepreneurs around the US. Lighthouse has the "reach" that most small businesses cannot gain from doing business locally. And, just as banks can hardly be thought of as particularly "loyal" to their customers, Lighthouse is not "loyal" to any particular funding source. Rather Lighthouse is loyal to their clients - they find the best available rates and terms and work for the client, not the banks or funding sources.
Lighthouse has SBA programs and other government funding sources available but also works with large insurance companies and other non-banks to broaden their clients' reach for funds. And Lighthouse can advise their clients on the new structures the market is creating as well as the financial conditions that have driven certain "players" in and out of the market.
Seek out Lighthouse Commercial at www.lighthouse-commercial.com and its affiliated business Lighthouse Mortgage Services at www.lighthousemortgage.cc.
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