Let’s talk about money — borrowed money or Other People’s Money (OPM). It’s a subject that always interests people because money is the fuel that drives the engine of business everywhere in this world. Without money business would stall.
Often, I’ve mentioned that the loan supply is like the weather: changeable. Recently, money tightened up in banks — even large firms were having trouble borrowing the money they needed. Yet at the same time, you could have obtained the loan funds you might have needed for yourself or one of your clients from a number of sources:
- Insurance-company “basket money” deals
- Venture-capital firms actively seeking good deals
- Private mortgage lenders with millions in cash seeking a home
- Overseas lenders wanting to put money into U.S. business
“Basket money” deals are those that many states allow insurance companies to invest in without the usual restrictions imposed by law. Since every loan executive likes to take a carefully calculated “flyer” now and then, insurance company top executives enjoy their basket money deals.
How can you get in on a basket money deal?
Simply by asking any large insurance firm!
Getting in on a basket money deal with a large insurance firm can be an excellent opportunity, but it’s important to approach it with the right strategy.
Information You NEED Right at Your Fingertips . . .
IWS-66 : The IWS National Directory of Insurance and Financial Industry Organizations
The Directory of Insurance and Financial Industry Organizations is a comprehensive listing of insurance industry associations, government agencies, and top insurance companies throughout the United States. International organizations are also included, as well as a Glossary of Insurance Industry Terms. The Directory provides full contact information for hundreds of organizations of key importance to the…
Here are some steps you can take to increase your chances of success:
- Research: Before approaching an insurance company, thoroughly research their investment portfolio and past basket money deals. This will help you understand their preferences and tailor your proposal accordingly.
- Networking: Build relationships with key decision-makers in insurance companies. Attend industry events, join relevant associations, and engage with professionals in the field. Personal connections can often open doors that would otherwise remain closed.
- Professionalism: Present yourself and your proposal in a professional manner. Prepare a detailed business plan that clearly outlines the potential benefits of the deal for the insurance company. Highlight your track record and expertise in the industry.
- Risk Management: Address any potential risks associated with the deal upfront. Provide a thorough risk assessment and explain how you plan to mitigate these risks. Insurance companies are risk-averse by nature, so demonstrating your awareness and proactive approach to risk management will increase your credibility.
- Legal and Financial Advice: Seek advice from legal and financial experts familiar with basket money deals. They can help you navigate the complexities of the transaction and ensure that all legal and regulatory requirements are met.
- Persistence: Basket money deals can be competitive, so don’t be discouraged by initial rejections. Stay persistent and continue to refine your proposal based on feedback and market conditions.
By following these steps and approaching basket money deals with professionalism and persistence, you can increase your chances of securing the funding you need for yourself or your clients.
Get the Money You Need Starting RIGHT NOW . . .
IWS-46 : The IWS Directory of Top Registered Equity Crowdfunding Platforms and Venture Capital Firms
Equity Crowdfunding can attract investors to put money into your business in exchange for ownership of a small piece of it. In the right situation, equity crowdfunding can not only be a lifesaver but can also be a huge, long-term boost to your financial success. Inside, you’ll find 50 Top Equity Crowdfunding Platforms.
Venture Capital Firms
My research staff recently found a real gem of a list of venture-capital firms who are members of an association of venture capitalists. This lead came from a newsletter item which led to the association. This list gives you the following useful information:
- Name, address, telephone number of the venture capital firm
- Name or title of person to whom you should send your loan request
- Number of years during which the firms have been supplying venture capital
- Approximate range of financing, in dollars
- Maturity of firm desired—i.e., startup, or other
- Type of company preferred—public/private
- Areas preferredfor investment—such as real estate, computers, health, etc.
- Areas avoided for investment
- Officers of the venture-capital firm
- Type of venture capital company—such as bank-related, investment banker, etc.
This list, we think, is one of the best we’ve ever seen. Typical amounts of money available run over $2-million, with minimums of $50,000, and up.
Private financing of many types is becoming more popular.
Why? Well there are many types of private financing. Those you might consider include:
- Pre-public stock loan
- Private placement of stock
- Private mortgage loans for real estate
- Private loans for new and growing businesses
Private financing is becoming more popular because it is often:
- faster,
- done with less “red tape,”
- confidential,
- better for the business.
As the landscape of finance continues to evolve, private financing will play an increasingly important role in supporting the growth and success of businesses around the world. By understanding the benefits and opportunities associated with private financing, you can make informed decisions that align with your financial goals — and get rich faster.
“You’re Approved!” Is What You’ll Hear ALL THE TIME . . .
K-33 : The IWS Private Loan Money Funding Kit
Get private loan money for your deals! Learn how and where to get private money loans for real estate or business deals. The IWS Private Loan Money Funding Kit shows you the procedures, forms, and steps to get private loan money effectively.