Wednesday, April 22, 2009

Commerical Lending has changed dramatically over the last 9 months. As the economic landscape shifts the manner in which loans are approved (or not) changes. A loan that was once a "no brainer" for a local community bank is now looked upon as a "toxic asset". This development has put business owners and banks in a very ackward position. The message most businesses hear is "we want your deposits, but please feel free to take your loan somewhere else".

That is a Bad news/Good news scenario. How, you may ask.....I am glad you asked.

The Bad news is that local banks are no longer a 1 stop shop for business owners. The days of all a businesses accounts (checking, savings, payroll, and loans) residing with one institution are over.

That is also the Good news...while maybe not as convenient, diversifying should save a business money and limit its exposure to these exact situations.

Think of it this way. How many people do you know who have all their money and all their loans at one place??? Not many, maybe not anyone.

Crown Funding Group, Inc. can help you get the funds you need in this credit market. There are many lenders who are not encumbered with deposits that are lending.

If your bank has said "no" or worse "not now", we represent over 50 commercial lenders who not only have money, they want to lend it.

Give us a call to discuss your funding needs!!!


Tom Barnard
President
Crown Funding Group, Inc.
(678) 387-5587