The koH Resources Blog, All Commercial Financing Information » United States

Happy Memorial Day!

braudis — Mon, 31 May 2010 23:49:50 +0000

Happy Memorial Day everyone and please take time to honor veterans and others who have served and given their lives in the fight for freedom.

SBA, Minority Business RoundTable

braudis — Mon, 25 Jan 2010 16:48:23 +0000

WASHINGTON – The U.S. Small Business Administration announced today that it renewed its two-year partnership agreement with the Minority Business RoundTable (MBRT) to continue joint outreach efforts to minority entrepreneurs.

“During these difficult economic times, it is imperative that we provide small and minority businesses with the necessary tools to drive economic growth and create jobs in their communities,” said SBA Administrator Karen Mills. “Far too often, minority-owned small businesses and entrepreneurs encounter hurdles to getting capital, contracts and other assistance to help them succeed in the marketplace. Making sure we do all we can to remove these hurdles is a top priority for SBA and the Obama Administration.”

The strategic alliance is part of SBA’s ongoing effort to support small business development initiatives in underserved communities. The agreement allows the organizations to share resources and educate minority entrepreneurs on how to use SBA products and services to establish and grow their businesses.

SBA has supported substantial financing to minority-owned small businesses under the American Recovery and Reinvestment Act. Since the Act was signed into law on Feb. 17, 2009, minority-owned small businesses have
received more than $4 billion in SBA-backed loans, about 23 percent of the more than $18.5 billion in small business lending SBA has supported under the Recovery Act. Minority-owned businesses continue to account for about 29 percent of the agency’s overall lending and 37 percent of its microloans.

Minority-owned small businesses also have received more than $3 billion worth of federal contracts under the Recovery Act.

MBRT is a national membership organization for minority CEOs that serves as a unified voice for minority businesses. Through this partnership, the SBA and MBRT intend to help more of these businesses succeed and stimulate economic growth in their communities and the nation’s economy.

The SBA and MBRT alliance is intended to strengthen and expand small business development across the nation for minority entrepreneurs. SBA will provide MBRT with timely information on the agency’s programs, services and
resource partners, participate in roundtable discussions and conferences and advise them on events that will impact their mission.

As part of the resource pooling, MBRT will cooperate with SBA and its resource partners to provide information to members about its business development programs and services, and share current SBA news and information. The two-year agreement is a renewal of the partnership between the SBA and MBRT and was implemented on January 11, 2010.

2010 For New York Entrepreneurs!

braudis — Sun, 10 Jan 2010 18:24:45 +0000

Starting or growing your business in 2010, a day inspiring entrepreneurship. Actual or potential small business owners looking for a way to launch or grow their business, have an opportunity to learn about small business success in a half-day event entitled “Straight Talk 2010”, on January 23. For the past 14 years, Straight Talk has provided one-on-one business counseling, business information booths, important contacts, networking opportunities, education, training and more.

Participants will be able to participate in seminars such as “Business Basics”, “Show Me the Money”, “Make Yourself Credit Worthy”, “Advantages & Benefits of Being Certified”, “Taxes, Permits, Licenses, Oh My!” and “Home Based Business Issues”, and new for 2010, “Business Assistance for Veterans”. In addition to the seminars participants will be able to meet with SBA and SCORE and several other private and community organizations that deliver helpful financial and information tools to assist entrepreneurs to succeed.

Straight Talk comes once a year so register early and SAVE $5.00—– This year’s seminar will be held on Saturday, January 23, 2010 at 8:00 a.m. – 1:00 p.m in Buffalo Niagara Convention Center, Buffalo, New York.

For registration contact Pamela Andolina, SBA at 716-551-4301 ext. 301 or Buffalo_DO@sba.gov

Cost: $15.00, Pre-paid registration
Day of Event: $20.00
Student: $10.00
Veterans: FREE (I.D. required)

SBA and Dell

braudis — Tue, 15 Dec 2009 00:27:56 +0000

The U.S. Small Business Administration and Dell launched an online video series today, offering tools and strategies to help small business owners rebound from the economic recession and put themselves in a position to expand and create jobs.

It’s called Strategies for Growth: Advice for Expanding Your Business. It includes real-world insight, solutions and advice from small business owners who’ve succeeded, in good and bad economic times. Additionally, the series draws on the expertise of counselors, policy makers and others for accessing resources and tools available to small business owners.

The Strategies for Growth partnership with Dell was announced today at a National Press Club luncheon where Administrator Mills discussed the outlook for small business and the economy in the coming year, including the Administration’s efforts to boost the small business sector and to drive economic recovery through public-private partnerships. Joining Administrator Mills for the announcement was Dell’s Vice President of Government Affairs Becca Gould.

The Strategies for Growth video series highlights key topics that engage small business owners in issues critical to small business growth. These areas include Planning for Growth, Government Contracting, Team Building, Marketing, Technology, Exporting Opportunities, and Disaster Recovery. Also featured is a Profiles of Success segment that spotlights two successful entrepreneurs.

The Strategies for Growth video series features a range of growing small businesses from across the country, including a design firm, a vegetarian restaurant and bakery, and a green construction company.

The SBA provides free small business counseling and training through a variety of programs, services and resource partners, located throughout country. Each of the business owners featured in Strategies for Growth benefited from a variety of training and resource tools offered by the SBA.

Strategies for Growth is available on the SBA’s Web site at www.sba.gov/strategiesforgrowth and at the SBA’s YouTube channel at www.YouTube.com/sba. Each topic is indexed by subject and includes additional resources for entrepreneurs.

Federal Reserve Abolished And Currency Issued Only By The Government

braudis — Mon, 16 Nov 2009 04:41:32 +0000

The Federal Reserve abolished and currency issued [slider title="More..."]only by the government… How would you like to soon see that as fact? Some of us are still ignorant of the fact that the national debt is owed to the Federal Bank, a private corporation that prints the money and lends it
to the government of the United States of America with interest. This interest is paid to the Fed. It is not used for what Americans need, like better schools, highways, etc.; it’s used for what the bank needs. Magic, huh?

Zeitgeist The Movie 9 of 13 – Behind Curtain

In my opinion, our government should run the currency and eliminate the current banking system that has burdened our country with incredible debt. Then we will be a free country. Otherwise, this body of ranting and raving that we do everyday, wrapped in the cloth of politics and finance, is pointless. What’s your opinion?

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SBA Adds New Training Tools for Veterans

braudis — Tue, 10 Nov 2009 22:21:22 +0000

SBA, Six Universities to Offer Business Training For Iraq/Afghanistan Disabled Veterans

The U.S. Small Business Administration today announced a three-year agreement to expand and deliver entrepreneurship training for service-disabled veterans of the wars in Iraq and Afghanistan. The agreement with SBA’s Office of Veterans Business Development will support the expansion of the year-long Entrepreneurship Bootcamp for Veterans with Disabilities (EBV). The expansion of this management training and mentorship program will maximize small business programs for veterans, service-disabled veterans, reserve-component members, and their dependents or survivors.

Additionally, SBA launched a new online contracting tutorial on www.sba.gov, as part of its ongoing efforts to expand services to veterans and service-disabled veterans. Veterans and military spouses who own small businesses can utilize this free online course to learn how to identify and take advantage of federal contracting opportunities.

Working with Syracuse University’s Whitman School of Management, the University of Connecticut School of Business, Mays Business School at Texas A&M, UCLA Anderson School of Management, Florida State University’s College of Business, and the Krannert School of Management at Purdue University, SBA’s grant and other assistance will significantly expand the reach and impact of the EBV initiative and help maximize economic opportunities for U.S. veterans with disabilities.

The expansion of SBA’s entrepreneurship training initiatives builds on SBA’s support for veterans through its Patriot Express loan program. In less than two-and-a -half year’s time, this pilot loan initiative has supported nearly $400 million in loans to more than 4,700 veterans and spouses looking to establish or expand their small businesses. As a result of the American Recovery and Reinvestment Act, which raised loan guarantees to 90 percent and temporarily eliminated fees, the number of Patriot Express loans increased by more than 20 percent this year over 2008. Local SBA district offices have a listing of Patriot Express lenders in their areas. Details on the initiative can be found at www.sba.gov/patriotexpress.

Record Low Interest Rate Of 4.86%

braudis — Wed, 14 Oct 2009 22:06:44 +0000

The interest rate for SBA 504 loans has dropped to a point that has never been seen before in the history of the program. The rate for a 20-year loan fell to a record low of 4.86%.This means a real opportunity for small businesses to obtain long-term money.

For a standard 504 loan, the SBA works through their lending partners – Certified Development Companies – to provide financing for up to 40% of a project with a cap of $1.5 million. A private lender provides a first mortgage for 50% of the project costs and the small business borrower completes the deal by paying 10% down. The current low, fixed interest rate coupled with a low down payment, makes this an exceptional vehicle for obtaining a commercial real estate loan. That’s the good news.

The bad news is that the clock is running out on getting SBA 504 loans with no borrower fees. The economic stimulus funding that is temporarily eliminating the borrower fee for SBA loans will likely run out by November or December.

The Federal Bank Is As Federal As Federal Express——-Part 1

braudis — Fri, 25 Sep 2009 15:03:53 +0000

The European Central Bank And The US Federal Reserve.The following are excerpts of the publication The Federal Reserve System, Purposes and Functions, 8th edition, December 1994, by the Federal Reserve Board of Governors:

The Federal Reserve System is considered to be an independent central bank. It is, but only in the sense that its decisions do not have to be ratified by the President or anyone else in the executive branch of government. However the entire system is subject to the oversight of Congress because the Constitution gives to Congress the power to coin money and set its value.

In 1913 Congress delegated that power to the Fed, and could reclaim it at any time. The Fed must act within the framework of the overall objectives of economic and financial policy established by Congress. Thus the description of the System as “independent within the government” is more accurate.

So if it’s independent within our government, yet Congress is the body that established policy, does the problem of our current financial predicament rest in the hands of Congress or The Fed? Or both?

This is a short movie about the European Central Bank and the US Fed – the world’s two most important central banks. There are important similarities and differences between the ECB and the Fed, and the historical experience of Europe and the US in the early part of the 20th century is also worth remembering.

The European Central Bank and the US Federal Reserve from Euro Challenge on Vimeo.

This “training video” is a prelude to more in-depth discussions which have presented enigmatic issues seemingly challenged across party lines. Part 2 will require observation with a “strong stomach” and a desire to question everything.

Are Some American Banks Un-American?

braudis — Wed, 26 Aug 2009 15:34:32 +0000

Are some American banks un-American? Provocative question? To me, it’s a hard, cold statement that should provoke us to transfer our funds to banks that have not exhibited un-American behavior. Look in your wallets and purses.

Many of us have credit cards. Credit cards issued by American banks, or so it seems. Has your rate gone up since the Recession? Why? In a time of national crisis shouldn’t they go down or at least stay where they were?

I had the opportunity two weeks ago to speak to a Chase manager over the telephone. After typically being informed by a recording that the conversation would be monitored or recorded, I brought up the issue of them receiving “bail-out” funds and maybe it would be good business to help bail-out American consumers and business people by not raising rates and not cutting credit limits which would heighten the debt-ratio and thereby lower scores for many.

Her response was that the funds were returned. “Okay, but what about banks like Capital One? They have pretty much kept their credit card rates low across the board while pushing low-rate car loans, yes?” I asked. She agreed hesitantly, but immediately thereafter countered with a mindless statement “They’re a failing bank. Chase is a healthy bank, that’s why we were able to return the funds.” I wondered about Bank of America.

Whether Capital One is a failing bank or not, is that a relevant remark? I didn’t ask her, but I’m asking you, “If all the banks that returned the funds are healthy banks, (actually they returned the funds to escape further Recession-fighting government regulations) why are they raising rates, decreasing credit limits AND not making any loans to consumers and business people?”

I didn’t ask her this question because I could see the conversation becoming a verbal scrimmage, going on forever without any satisfaction for me other than knowing some American banks are in business to make profits, period. They’re willing to war with the Obama Administration and America because Profits-Only is the country where their allegiance lies.

What do you think?

List of Changes to SBIC Program

braudis — Tue, 28 Jul 2009 19:52:56 +0000

The SBIC program was created to stimulate the growth of America’s small businesses by supplementing the long-term debt and private-equity capital available to them. Since the SBIC program’s formation in 1958 through April 2009, it has invested approximately $56 billion in more than 106,000 small businesses in the United States.

Effective July 10, 2009, small businesses that would otherwise have difficulty securing private equity or venture capital may find funding easier to get as a result of changes made as part of the American Recovery and Reinvestment Act to the U.S. Small Business Administration’s Small Business Investment Company program.

SBICs are privately owned and managed venture capital firms which are licensed and regulated by SBA. SBICs use a combination of funds raised from private sources and money raised through the use of SBA guarantees to make equity and mezzanine capital investments in small businesses. There are approximately 338 SBICs with $17.4 billion in capital under management.

The changes made as part of the Recovery Act are:

•The Recovery Act makes SBICs eligible for greater SBA guaranteed funding and requires SBICs to invest 25 percent of their investment dollars into “smaller” businesses. Also, the amount of funding an SBIC may invest in a single small business is set at 10 percent of an SBIC’s total capital rather than the previous limit of 20 percent of an SBIC’s private capital only. This translates to an effective 50 percent increase in funding available to a single business by an SBIC.

•Maximum SBA funding levels to SBICs will increase up to three times the private capital raised by the SBIC, up to a maximum of $150 million for single SBICs, or up to $225 million for multiple SBICs that are under common control. The cap for all licensees was set at $137.1 million before the Recovery Act.

•These limits are even higher for SBICs that are licensed after October 1,2009, that certify that at least 50 percent of their investments will be made in small businesses located in low-income areas, up to $175 million for single
licensees and up to $250 million for jointly controlled multiple licensees.

•Changes made to the SBIC program under the Recovery Act are permanent.

Industry associations have commended SBA for these changes and SBA continues to encourage new SBICs to apply for licensing and actively participate in the program.

President Obama’s The American Recovery And Reinvestment Act.

braudis — Wed, 10 Jun 2009 14:20:08 +0000

Of course everyone knows about the existence of President Obama’s American Recovery and Reinvestment Act. But did you know that this has led to lending incentives which make government loans more affordable and attainable? It has led to immediate relief for small businesses by eliminating fees on certain SBA loans. This fee elimination is temporary but retroactive from the day the act was signed, February 17, 2009, until the end of the year or when funds are exhausted, whichever comes first.

The SBA ARC Loan Program is one of the micro-loan expansions that has evolved from the Act.

Without regard to real estate transactions, if your small business is stressed meeting expenses during these economic times, the U.S. Small Business Administration has a new loan program: SBA’s America’s Recovery Capital Loan Program can provide up to $35,000 in short-term relief for viable small businesses facing immediate financial hardship to help ride out the current uncertain economic times and return to profitability. Each small business is limited to one ARC loan.

ARC loans will be offered by some SBA lenders for as long as funding is available or until September 30, 2010, whichever comes first. For further info go to http://www.sba.gov/recovery/arcloanprogram/index.html

KoH Resources Inc is a SBA 7(a) and 504 Loan Program conduit.

So What’s the Matter With Karen Mills?

braudis — Mon, 08 Jun 2009 20:43:21 +0000

Karen Mills later. First of all I would like to take the time to thank everyone for their great responses to my past post concerning the referral campaign. Each time I blogged, I forgot to say thanks, side-tracked by the barrage of your emails. Sorry. And though I really appreciate your participation, please, please, do not continue to email me! Comment using the blog only. Click here to comment.
Thanks.

Now to my response to Mercantile Capital Corporation’s CEO, Chris Hurn, Is the new SBA Administrator Already Failing America’s Business Owners and Entreprenuers? which I posted the morning of June 5th on his blog :

“Chris, thanks for your email. I find your post and comments, and the comments of others before me, both humorous and poignant. As always, and this time with a Bob Coleman assist, you’ve scored. Unfortunately, some are critizing the Administration for the negligence of those who have been appointed by the Administration. No Administration that I can remember has ever been disinterested in private industry or ownership; and the perception that we should adjust to this misconception bespeaks fatalism.

Though I do not suggest that we apathetically sit on our hands like Karen Mills appears to be doing, I do advocate that we support the Administration while making it difficult for people like her as well as lending partner un-cooperatives, to persistently posture or try to maintain the status quo. I think this forum, and others like it, are an integral part of that movement.”

Below is a CNN video of the Bob Coleman interview.

Chris and Bob are quite the diplomats; so I couldn’t bring myself to say this on Chris’ or any blog other than my own: in the dungeon of my heart, I really think this country needs President Obama to become a bona fide dictator for a week and mandate that all un-cooperatives assume action and responsibility and get the ball rolling or “heads roll” subsequently. Harsh? What’s your opinion?

List Of The #1 Commercial Hard Money Loan Programs

braudis — Tue, 26 May 2009 16:47:54 +0000

koH Resources Inc is a Direct Lender of Small Commercial Hard Money offering quick funding in loan amounts of $50k-$250k. Below is a list of the #1 Commercial Hard Money loan programs.

Bridge

A bridge loan is a short-term loan which bridges the Borrowers plan from one point to another. The bridge loan is useful when a Borrower only needs financing for a short time frame where a long-term fixed rate loan does not make sense. A hard money bridge loan can be used by a real estate developer, or other business entity to take advantage of commercial opportunities that don’t fit into the traditional bank standards. Typical maximum loan-to-value allowed on subject properties is 75%. Additionally, Borrowers are required to have a minimum of 10% cash or equity invested in a project when applying.

Mezzanine

A mezzanine loan can be a type of bridge loan in the sense that it is short-term and not permanent financing. However a mezzanine loan is not secured by property, it is secured by an ownership interest in the company that owns the property. This occurs when the Borrower needs more money than he is able to borrow against the property, so he puts up an interest in his company as collateral.

Construction End

If a developer has a construction project that is at least 75% completed, they can obtain a hard money loan to pay off the construction lender and complete the project. A hard money loan can also be used to bridge the gap between a completed project and standard financing from a bank or traditional lender. With an End of Construction Pay Off Loan, a developer can use the collateral of the current project to raise capital for the next project.

Foreclosure Bailouts or Foreclosure Prevention

A hard money loan can be used to prevent foreclosure on a commercial property. A pending foreclosure can be stopped, if the property is collateral for up to 65% of its loan to value, based on the quick sale value.

Purchases or Acquisitions

A hard money loan can be used to purchase real estate if a borrower does not meet conventional bank standards or does not have time to wait for a traditional banks typically slow lending process. Hard money allows for things that banks never allow: low or no credit scores, incomplete construction, property in need of repairs, etc. Hard money funding can be used to quickly work around these financing problems and provides the opportunity for a savvy investor to acquire new properties.

Refinances

Cash out refinances allow you to extract equity from real estate you already own. It can be a quick way of generating additional working capital to be utilized as you see fit.. Once all required paperwork has been submitted to our office, your hard money loan will fund as quickly as one week.

Rehab

A commercial rehab investor can use a hard money loan for short term financing. Once a property has been renovated and sold for a profit, the funds are repaid and the borrower can often be allowed to use the funds again on the next project. The average closing time for an approved loan is just two weeks, the appraisal process being the most time-consuming!

Foreign National

This kind of hard money loan is for foreign investors who want to purchase commercial real estate in the United States. All sorts of property can be considered for hard money funding, including; commercial, industrial, residential, hospitality, rehabs, etc. Few restrictions exist except for borrowers from Afghanistan, Venezuela, Iraq, etc. Whether you are a broker or borrower, if you require quick funding for your commercial small balance transaction, please click here.

How to Purchase Commercial Real Estate——Part 2—–Lists of Qualifications & Conditions for the 504 Loan Program

braudis — Wed, 06 May 2009 17:33:55 +0000

Lenders examine 5 attributes of borrowers when making financing decisions. These are referred to as the 5 “C’s”:

Collateral
Cash Flow (capacity to repay)
Credit Analysis
Character
Capital

Eligible Borrowers:

For-profit, non-publicly traded businesses.
Tangible business net worth (including affiliates) not to exceed $8.5 million.
Average net income of the business not to exceed $3 million over the previous two years.
Personal liquidity of each principal/guarantor not to exceed the total project costs of the proposed 504 loan.
Ownership must be comprised of 51% U.S. citizens or resident aliens (Legal Permanent Residents).

Ineligible Borrowers:

Non-profits (except sheltered workshops).
Passive holders of real estate and/or personal property.
Lending institutions (mortgage brokers and correspondent lenders are eligible).
Life insurance companies (however, franchised agents are eligible).
Businesses located in a foreign country or owned by aliens.
Businesses selling products/services through a pyramid plan.
Illegal businesses.
Gambling concerns.
Businesses which restrict patronage.
Government owned entities (excluding Native American Tribes).
Businesses engaged in promoting religion.
Consumer and marketing cooperatives (producer cooperatives are eligible).
Businesses engaged in loan packaging.
Businesses owned by persons of poor character.
Businesses providing prurient sexual material.
Businesses that have previously defaulted on a Federal loan.
Businesses engaged in political or lobbying activities.
Speculative businesses.

If your business didn’t appear on the Eligible or Ineligible list, please call Braudis Pegram at 718-471-0691 to discuss.

Ineligible Use of Funds:

Refinancing (unless debt has been in place for less than 9 months).
Working capital.
Inventory.
Rolling stock.
Business “good will” (common in business acquisition financing).

How To Purchase Commercial Real Estate—–Part 1

Sun, 03 May 2009 22:05:00 +0000

After a somewhat sabbatical leave from blogging due to illness and matters of time-consuming importance, some of which were with Godaddy (I’ll cover them in the future with suggestions for anyone else that may have encountered similar issues), I received a number of emails asking for more info on SBA and especially the much obscured 504 Program and the extent of koH Resources’ participation. So after a month rest and much thought, here we go again.

But before I get started, I would like to thank Pam Slim for her helpful hints and congratulate her on her newly released book, Escape from Cubicle Nation, which is also the title of her blog. She and a few others have been very helpful in both my blog-writing and taking koH Resources Inc to another level (I will outline the “others” in the future).

And so we begin: owners of small and mid-sized businesses can preserve capital and maximize cash flow to better afford purchasing commercial real estate instead of leasing with the 504 Loan Program. You receive all the benefits of ordinary bank financing but with less money down, longer fixed rate termsand below market interest rates. The three conditions that we can all agree upon.

SBA 504 Loan

Get 90% financing of the total project costs to preserve more capital.

Own an appreciable asset while lowering current real estate expenses up to 40% instead of leasing.

Receive up to 25-year fully amortizing terms to lessen the impact on cash flow.

Obtain below-market, long-term fixed interest rates.

And here’s an unexpected bonus: the Program also allows the financing of closing costs and other normally out-of-pocket fees to be financed as part of the loan amount. Better yet, on top of all of this is a boon to the business owner who may eventually sell: the loan is assumable! I will have further specifics about the SBA 504 Loan Program, a better way to purchase commercial real estate, in subsequent posts without interruption of other topics.

President Barack Obama’s FY 2010 Budget Overview

braudis — Wed, 04 Mar 2009 05:11:59 +0000

Lenders examine 5 attributes of borrowers when making financing decisions. These are referred to as the 5 “C’s”:

Collateral
Cash Flow (capacity to repay)
Credit Analysis
Character
Capital

Eligible Borrowers:

For-profit, non-publicly traded businesses.
Tangible business net worth (including affiliates) not to exceed $8.5 million.
Average net income of the business not to exceed $3 million over the previous two years.
Personal liquidity of each principal/guarantor not to exceed the total project costs of the proposed 504 loan.
Ownership must be comprised of 51% U.S. citizens or resident aliens (Legal Permanent Residents).

Ineligible Borrowers:

Non-profits (except sheltered workshops).
Passive holders of real estate and/or personal property.
Lending institutions (mortgage brokers and correspondent lenders are eligible).
Life insurance companies (however, franchised agents are eligible).
Businesses located in a foreign country or owned by aliens.
Businesses selling products/services through a pyramid plan.
Illegal businesses.
Gambling concerns.
Businesses which restrict patronage.
Government owned entities (excluding Native American Tribes).
Businesses engaged in promoting religion.
Consumer and marketing cooperatives (producer cooperatives are eligible).
Businesses engaged in loan packaging.
Businesses owned by persons of poor character.
Businesses providing prurient sexual material.
Businesses that have previously defaulted on a Federal loan.
Businesses engaged in political or lobbying activities.
Speculative businesses.

If your business didn’t appear on the Eligible or Ineligible list, please call Braudis Pegram at 718-471-0691 to discuss.

Ineligible Use of Funds:

Refinancing (unless debt has been in place for less than 9 months).
Working capital.
Inventory.
Rolling stock.
Business “good will” (common in business acquisition financing).

Credit Crisis Movie

Fri, 27 Feb 2009 00:42:00 +0000

I found this movie at vimeo. Kudos to Jonathan Jarvis. Here is a big statement in a little movie. And there is a Part 2. As a Licensed Real Estate and Commercial Mortgage Broker, I found the video informative but missing the mark somewhat; yet immensely entertaining and well worth watching. Although the reality of The Crisis is not humorous, the fantastic animations and narrative made me laugh. You can also see Part 1 and 2 at youTube.

Leading To Something

braudis — Fri, 20 Feb 2009 17:44:52 +0000

When I started this blog back in January, quite frankly, I wasn’t sure about the direction I wanted to take it. I had never blogged before. I knew the blog would be more than just about the commercial real estate financing business, but in what direction that “more” would take me was beyond my immediate vision…

That is until my “Life” posting. Something told me that a certain philosophy would emerge and I would need to weave it into my category called the “Business of Life”. This category would be a reflection of Spiritual Laws that we embrace and ignore and make us wind up where we are on any given day, both individually and globally; and that includes The Recession.

I see from the news that many people are stumbling around in the bush. Particularly those that were with the wrong employer or no employer at all. As a self-employed businessman, I sought a path of personal and business expression that would make sense to my general readers, however large or small. I found many true paths within and without. One led to Pamela Slim and Escape From Cubicle Nation. This is my email to her a few days ago with slight editing:

“Although I am 63 years old and have been in the commercial real estate business for years, in my efforts to take my new company to a “better and different” plateau, I stumbled across your blog and the article of July 13, 2006 entitled 59 is the New 65. This was a terrific post and it led me to your Declaration of Independence. I was so impressed with the content that I joined your free Newsletter yesterday. I would like to know if I may include your video in my Business of Life category.”

She obviously responded favorably; so this video is for the enjoyment of those of us who are about the business of making 2009 the beginning of a New Era. Please right-click the video link and select Open in New Window.

SBA Scam Alert

braudis — Thu, 19 Feb 2009 14:49:39 +0000

The U.S. Small Business Administration issued a scam alert yesterday to small businesses, warning them not to respond to letters falsely claiming to have been sent by the SBA asking for bank account information in order to qualify them for federal tax rebates. The fraudulent letters were sent out with what appears to be an SBA letterhead to small businesses across the country, advising recipients that they may be eligible for a tax rebate under the Economic Stimulus Act, and that SBA is assessing their eligibility for such a rebate. The letter asks the small business to provide the name of its bank and account number. These letters have not been sent by or authorized by the SBA, and all small businesses are strongly advised not to respond to them. The scheme is similar in many ways to e-mail scams often referred to as “phishing” that seek personal data and financial account information that enables another party to access and individual’s bank accounts or to engage in identity theft. The SBA is working with the SBA Office of Inspector General to investigate this matter. The Office of Inspector General asks that anyone who receives such a letter report it to the OIG Fraud Line at 1 (800) 767-0385, or e-mail at OIGHotline@sba.gov.

SBA Can Save The Day

admin — Thu, 12 Feb 2009 09:20:00 +0000

In this tight capital market, besides hard money, SBA loans are trying to get the secondary markets for small business loans moving again. Since

koH Resources Inc is also a participant in SBA loans involving real estate, I will be doing a series on the news, the facts and the myths.

The Small Business Administration was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns and to maintain and strengthen the overall economy of the United States, which now includes Puerto Rico, the U.S. Virgin Islands and Guam. Below is a list of available programs (please remember that SBA is primarily a guarantor of loans made by lenders):

Basic 7(a) Loan Guaranty

Certified Development Company (CDC), a 504 Loan Program

Microloan, a 7(m) Loan Program

Disaster Recovery

Patriot Express

Military Reservists Loans

Special Purpose Loans

SBA’s efforts indicate that it is optimistic that the TALF (Troubled Asset-Backed Securities Loan
Facility) will help unfreeze the secondary markets and help restore liquidity to the small business lending industry; and is working closely with the Federal Reserve and the Treasury for success.

Follow Up

braudis — Fri, 06 Feb 2009 21:02:16 +0000

As promised yesterday, here are the states that EnTitleDirect is active in. Please understand, this is not an endorsement:

Alabama, Arkansas, Arizona, California, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Nevada, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Utah, Virginia, Washington (Mason County Only)

The koH Resources Blog, All Commercial Financing Information » United States

Happy Memorial Day!

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