Description
This book provides you with over 100 smart angles, tactics, strategies and techniques to raise or borrow money in spite of your banker. The tactics outlined in this book reveal how to raise or borrow up to $1,000,000 regardless of your credit rating.
No doubt there are many books on finance. But the majority of these concentrate on conventional financing methods through a bank, savings and loan institution, or commercial lender. With increased regulation of lending institutions by government agencies, and a “Pandora’s box” of compliance requirements as a result of the savings and loan scandal, it is becoming increasingly difficult for the small entrepreneur to obtain financing through a conventional lender. The electronic media and the press are full of ads selling the public on the myth that your local bank is ready to give you a loan. When you do approach your banker for a loan, chances are you are in for a great disappointment. The entrepreneur who wishes to borrow money for a business or real estate investment, finds out from his banker that he is “a risk.” If an entrepreneur somehow is able to obtain financing from his lender, he more than likely had to prove to the banker that he really did not need the money in order to receive the loan.
Let me share with you my own personal experience with banks. I had received 47 loans with a local bank over a ten year span. Forty five of these loans were paid on time or paid in advance. Then my loan officer left my local bank and accepted a position at another bank because he was offered a larger salary and more benefits. I quickly found out that I no longer had any credit at may bank. Instead, it became apparent that my credit WAS THE RELATIONSHIP I had cultivated with my loan officer over those ten years. I was turned down for a loan by the new banker because he considered my proposition as “risky.” I was extremely outraged that my loan request was going to be turned down as risky, especially since it was going to be collateralized by gold bullion coins including South African Kruggerands and Austrian 100 Coronas — with a 70% loan to value ratio. Since when does a lender consider a loan collateralized with GOLD as risky??? Disgusted, rejected and disappointed, Isearched out the whereabouts of my old loan officer. I made application at the new bank that my loan officer was working at … and guess what???
I got the loan at the new bank from my old loan officer!
I have reached the conclusion that, for the most part, conventional or traditional lenders do not want to be bothered by entrepreneurs.
If you doubt this, then why is it that only a small percentage of banks currently offer SBA bank participation loans
It seems that banks would rather make loans to individuals who have a savings account bulging with dollars, or own jumbo CDs, or have a few hundred thousand dollars sitting in a checking account.
Once again we are back to the “I will loan you the money fi you can prove you don’t need it” paradox.
Or maybe it’s the “I’ve got mine… the heck with yours” attitude.
Writers write books for different reasons. One of mine was to prepare a book that would aid the entrepreneur with wealth strategies … tactics … techniques and most important of all … financing ALTERNATIVES other than your local “friendly” banker.
The strategies outlined in this book reveal how to raise or borrow up to $1,000,000 regardless of your credit rating.
- You will learn how to buy real estate or a business with no money down.
- You will learn how to pyramid opportunities with minimum resources.
- You will also become aware of little known sources of money that lie waiting to be tapped.
- In short, you wil learn how to become a “GUERRILLA ENTREPRENEUR.”
You now have in your possession over 100 WEAPONS TO CREATE WEALTH.
Why so many? Because the larger the arsenal of weapons, the more likely you will succeed.
Unlike the authors of some theoretical “how to” books, I have used and tested many of the strategies outlined in this book. I am happy to share with you exactly what wealth tactics work and why. You can benefit from the mistakes that I have made, my failures and, of course, my successes.
Upon reading the contents of this book, you will be on your way to becoming an unabashed guerrilla entrepreneur!
And maybe even rich!
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