Laura Skiles’ Post

Great insight article on the barriers and solutions to Developing in NI.

According to the AFR: - The lure of double-digit returns is creating a gold rush in private credit for investors of all shapes and sizes, from superannuation funds and family offices to mums and dads. - As high interest rates collide with a wave of regulatory change in the banking sector that has made banks of all sizes less willing to lend to businesses. - There is no shortage of opportunities in the end of the market he is targeting, where borrowers are too small to attract funding from either banks or larger private credit funds. Great comments from Patrick Prasad William. What criterea do you use to assess Private Credit Opportunites?

🚨PERSONAL RECORD AMOUNT FUNDED🚨NOVEMBER Personally, an absolute mammoth of a month. Pleased to have finished at the top of the leader board, but it wasn't plain sailing by any stretch of the imagination. I was confident of finishing with a higher amount, however a couple of deals fell off right at the end, which resulted me in finishing short of that target. A tough couple of weeks, at the start of the month, meant that the team needed to really put in a big effort to pull it out of the bag, and get close to our target. In the end, we smashed the record number of deals in a month, and done an incredible amount in 2 weeks. Well done Lauren Burrows and Clare Jones on this! I managed to finish on 6 deals, with one being the third largest for New Business in the company's history!! Usually, the larger the deal, the more work is required. However, after the first call the merchant was very responsive, and more than happy to send over the necessary documents and paperwork. The key to this deal was creating a great relationship from the first call, and thereafter making it make financial sense for the company. Thank you for the co-operation Sajaad! Also, happy to fund a promising food tech company, which will be looking to make great strides over the coming years. Again, a great relationship from the first call, and quick funding ensured. A short December, so it'll be all hands on deck, and trying to finish the year how I did November. Wishing everyone has a successful end to the year! #funding #bank #smefinance  #sme #finance #businessloans #uk #manchester #fintech #loans #sales #money #business #learning #work #england

The report emphasizes that smaller businesses are at a higher risk, with the absence of emergency financing options making them vulnerable to folding in the face of cash flow deficits. Even among Main Street SMBs generating between $1 million and $10 million in annual revenue, 40% lack accessible financing options to withstand sudden drops in sales. #msme #smallbusiness #funding #financingoptions

Founders want to grow their businesses, serve their communities, and create good jobs. At ICA Fund we are dedicated to ensuring they have the resources, support, and capital they need to achieve this. This new report on our pandemic-era, 0% interest  Rapid Response Loan Fund (RRLF) demonstrates just that. In April 2020 ICA Fund took action to support Bay Area entrepreneurs, deploying $1.5M across 32 companies. To ensure the capital could be accessed by founders who needed it most, we performed no background checks and did not review credit scores. Instead, we lent to founders in our extended network, who had demonstrated resilience and trustworthiness. What's remarkable about this project is that, during a time of extreme uncertainty, these businesses performed amazingly well — thanks in part to that lifeline of emergency capital. In a small business financing landscape where many local businesses are deemed “too risky,” trust-based lending and investing ensures these businesses don’t fall through the cracks. Success stories like these show the importance of flexible, founder-friendly capital in keeping local businesses in our communities. Read more: https://lnkd.in/dKEqkuV3 #rapidresponse #funding #impactinvesting #relief #resilience

Prime Finance - Building Culture & Creating Solutions for Australian Businesses through the hardest of times Since being founded in 2004, Prime Finance has prospered through some of the hardest times for financial institutions in recent history. Although the GFC has resulted in a significant downturn in the Australian credit market, Prime continues to offer innovative finance solutions to businesses and individuals around Australia. Prime Finance has still continued to grow offering & developing new loan products and funding as part of our drive to offer innovative financing to individuals and businesses Australia-wide. As a workplace this has created strong values in our employees & partners as it has showcased a level in our company to adapt & exponentially learn from the surrounding financial markets in Australia. This has allowed us to create partnerships & employee relationships which have lasted 20+ years built on respect and loyalty. #PrimeFinance #PrimeLending #Finance #Loans #Business #Culture #CompanyCulture #companyculturematters #BusinessLoans #CommercialLoans #Brokers #Broker

Another Success Story Unveiled: Foundation's Featured Funded Deal At Foundation CREF, we prioritize going above and beyond for our clients. Our commitment to excellence is showcased in our latest success story – a deal that sets us apart from other private money lenders. Here's the backstory: A returning investor client approached our SVP of Loan Origination, Nate Wolosiewicz, with a property in McDonough, GA, seeking funding for both purchase and rehab. Instead of just crunching numbers, Nate took the extra step. He meticulously reviewed property details and comps, recognizing the potential for something extraordinary.   Rather than settling for the status quo, Nate advised the investor to offer $30K less than the listing price – a strategic move that paid off when the offer was accepted! After a thorough appraisal, our investor secured this McDonough gem for $40K under market value.   Foundation stepped in with a 90% Advance Loan, swiftly funding the entire deal in just 2 weeks. Our precision and speed left the investor thrilled, but what truly sets us apart is Nate's foresight. His guidance allowed the investor to accrue equity before renovating, showcasing what makes us #FoundationallyDifferent. Contact one of our lending experts TODAY! FundwithFoundation.com The Foundation Formula: Properties + Capital + Speed = Profits   #RealEstateInvestment #fixandfliploans #privatelending   Connect with the team! Chris Crovatto | John Seeburger | Ron McMahan, M.S. | Patrick McClain | Mark Masterson | Nate Wolosiewicz | Shon Katz | Ashton Kline | ERIC S LEVINE | Chris Oviedo | Scott Davis | Dan Crouse | Nicholas Bianchini | Tyler Wayne

This is one of the success stories of small business resilience that I think is really important to share. If we could get our financial system to support more of these incredibly effective entrepreneurs in creative ways, I truly believe our financial system would be more effective, diversified and truly sustainable. It takes re-thinking our ideas of what risk looks like (what is real risk vs. perceived risk?) and it takes new behaviors around the value of capital. Here is an example of our experience at ICA Fund during unprecedented times.

Just read this report on the social impact of credit unions in Merseyside. A pleasure as ever to see the work of Alistair Grimes and his colleague Nick Hopkins; their work with Fair4All Finance spells out the crucial role being played in Liverpool City Region by credit unions. In particular, credit unions: * Increase the availability of affordable credit, improving their members’ quality of life and providing a sense of control * Encourage development of savings habits, helping members build resilience and a financial safety net, enhancing their overall financial stability * Help retain money in households, saving members between £5.6m to £23.5m per year in interest that would otherwise be paid to higher cost alternatives * Improve wellbeing and provide peace of mind, with nearly 80% of members reporting experiencing less anxiety and a greater sense of control over their finances #CreditUnions #CommunityFinance #SocialImpact #Debt #Wellbeing https://lnkd.in/emqUQKun.

This is a little interesting. Grant Cardone is an extremely good entrepreneur and real estate investor. I have heard plenty of his advertisements on the radio as well. At the same time I still think Dave Ramsey has plenty of good advice. Balance is still good in life and I like to listen to as many opposing sides as I can to get a clearer understanding. Investing or creating a budget still comes down to personal comfort as well as what is overall goal? Those two items alone can change what you should do significantly. There can be grey, at least I am in more than one way.😉 #TheLakeC21 #Realtor #ClearLakeIowa #ClearLakeIA #lake #economics #investments #investing #c21 #ClearLake #Iowa #summer #houses #housing #success #time #planning #retirement #interestrate #mortgage #mortgagerate #loan #banking #daveramsey #grantcardone #debt #risk #budget #grey