Asset-Based Lending Press Release

Come and get it! Read all about it!
Lenders is preparing to release a press release in the coming week.
It discusses our new Full-Cycle, commercial lending program, enjoy.

Lenders Commercial Finance Announces Their Full-Cycle Financing

The New Alternative to Traditional Factoring

Alamo, CA January 15, 2012:  Asset-Based lending group, Lenders Commercial Finance, announces the release of their new Full-Cycle Financing Program. Cal McGinnis, COO, stated: “At Lenders, we designed this program to help the small manufacturers, wholesale distributors, and service companies who drive American industry to establish working capital lines of credit that have become a difficult find in today’s commercial finance industry.”

Lenders can help clients build out or acquire the inventory they need to book and fill new orders. From port to port, warehouse-to-warehouse, their adaptable programs have many business plans covered.  After acquisition, LCF will fund a client’s firm purchase orders so they can get their product where a customer needs it, when they need it. Finally, Cash out; LCF will finance a business’ accounts receivable and provide the funding needed to take on new business. Other services are accounts receivable factoring (recourse and non-recourse,) and equipment dealer flooring for serial numbered product with short-term sales cycle.

The lack of sufficient operating history, or the financial resources to qualify for bank financing in today’s tight credit market can have a negative impact on business. Additional working capital to inject into client’s business will allow them to take advantage of opportunities to expand. Perhaps funds are needed to catch up with vendors or pay off other obligations that are a drag on businesses.

Lenders has changed the industry with up front, and honest programs. Their goal is not to lead clients into a financing program with hidden fees, or forcible contracts. Ken Wilkens, CEO, stated: “The concept is easy, start when you would like, and stop when it makes sense. LCF provides reasonable terms, with fast turnaround, no hidden costs, and no long-term commitments. Our business model was built on honesty and simplicity for client and customer, and that is what makes Lenders Commercial Finance different.”

Rather than dealing with a factor or a big bank, Lenders can make their business applicable in all parts of industry. Their commitment to success, and our supportive staff makes sure that their portfolio of business thrives. As a company that was started by entrepreneurs, they have experienced the same battles and successes of business, which is why Lenders Commercial Finance was started, by entrepreneurs for entrepreneurs. 

Make sure to visit Lenders Commercial Finance 

and see how we can help your business grow

Father Time is becoming forgiving these days

Enjoy the article, don't forget to read my synopsis at the bottom

"Sixty-five is the normal retirement age, but many older Americans are working much later in life and it's not just because they need the money.

The number of workers who are 75 and older has skyrocketed by 76.7% in the past two decades, according to research by the AARP Public Policy Institute. "We are living longer, healthier lives," says Kerry Hannon, author of Great Jobs for Everyone 50+. "And the types of work that people do is not as labor intensive as it was in our parents' generation."Sixty-five is the normal retirement age, but many Americans are working much later in life, and it's not just because they need the money.

There are a number of reasons why Americans workers may decide to put off retirement. Some may just love their jobs; others may need more money. But even those who have socked away plenty of cash are often terrified about rising medical bills and want to keep earning, Hannon says.

While the 75-plus group of workers has jumped, it's still a small percentage of the American labor force. It represented 7.6% last year, up from 4.3% in 1990.

But there might be more 75-plus workers if it were easier for them to keep their jobs. "I really love my work, and I feel quite useful," says Judge John J. Driscoll, a juvenile court judge in Westmoreland County, Pa. But because he turned 70 last year, he now faces mandatory retirement.

Instead of quietly retiring in January, Driscoll joined five other Pennsylvania judges in a lawsuit seeking to have the right to continue working past age 70. The case, filed in November, claims that Pennsylvania's mandatory retirement provision discriminates against people on the basis of age.

It's hard to know how many older workers are also forced to retire. But there is a growing number of older Americans who are not retired and are in search of a job. The number of unemployed Americans age 75 and older increased from 11,000 in 1990 to 75,000 in 2011, according to AARP.

Some might have lost their jobs during the recession and haven't been able to find another. "The longer you have been out of the labor force, the less likely you are to come back in," says Sara Rix, senior strategic policy adviser at the AARP Public Policy Institute. "There is the question about skills, whether you have what employers want because technology has kept changing while you've been out of work."

American who are 75 and older tend to have certain types of jobs. For example, 25% have professional occupations, such as doctors and lawyers, while another 25% have jobs in retail trades, Rix says.

Older Americans in search of jobs should consider growing fields, such as health, education and not-profit organizations, Hannon says. "All kinds of small businesses need people with expertise," she says. "Then you can have a part-time gig with flexible schedules.""

Courtesy of: Christine Dugas, USA TODAY

        I found this article interesting for multiple reasons. First, as a resident of Pennsylvania, it was surprising that an employer can give you the nudge into retirement from your job; if you can no longer do the work, or are significantly slowing down a process, it is understandable. The other zinger is the percentage of people who aren't ready to stop working, go old people!

People who are getting up in their years to stop working, is a hindrance on their longevity. This conversation is always a good one to see what other people think: if you continue your lifestyle through adulthood and into old age, such as work, activities, so on and so forth, will that help make your body forget how old it is? Will continuing to live a proactive lifestyle ward off the sedentary lifestyle of retirement that too many people accept.

A quote I use relatively often to people I speak with, is that age is but a number; life is what you make it.  As a person in his mid-20's, I am clearly wet behind the ears on this topic, but logic steers me in that direction. If you can avoid illness and injury, and keep rolling with the punches, there should not be a reason you can't ward off your meeting with St. Peter a little longer than expected.

              So now that it is 2013, New Years resolutions in place, but slowing to a halt; keep that resolution at the gym a little longer, try to run a 5k, join a zumba class, go for a walk with your significant other. Studies show that a half an hour of activity a day cannot only increase your lifespan, but your health benefits sky rocket. It is all about determination and dedication, change, and focus. 

             Life is for the living my friends, cheers!

  

             -The Fickle Financier
              Commercial Lending for the Entrepreneur

Another one bites the dust

As anyone knows in sales, losing a sale is hard.

There was a client I had been corresponding with over the last month about getting some financing for his software company. Things seemed to be going well, but communication wasn't there. After weeks of slow correspondence, my skepticism was increasing.

Ready to close the deal after a few positive emails, a conference call was arranged for today. After discussing terms, and explaining how things would work with financing his business, the clouds parted, and it poured down on the Macy's Day Parade.

Our concepts of the deal were in different countries, and we ended the call with a hope to touch bases soon and get something that will fit his needs in the near future.

Well, where do you go from here? Your head may be in the gutter, but one has to remember that it is only one deal.

On average, for every five deals, four are bound to fall through. Keep your head up, and things will persevere. When trying to find deals, or make sales, you have to stay hungry, and stay fresh. The book outliers talks about becoming the best at something takes 10,000 hours, so keep trying.


So the deal of the day fell through, and I changed my heading for today. My day then went to contacting my brokers and contacts, trying to probe for new business. By the end of the day, I had spoken to three new potential clients, and am arranging for conference calls this coming week.

Just another example of persevering through tough times.


During the day a quote came to to mind:

"The Flurries of Defeat are Transcended by the Warmth of Success"

It came to mind, because I made it :)


Anyways, have a great weekend readers.

Live Long and Factor

Make it rain!

Yep... Make it rain on them droids.

Ok, ok, I get it. Mike has now posted a picture of Spock and of R2D2, what's the deal?

Is Mike, our endearing scribe, a total nerd? Is he a TREKKIE?

Simple answer: No, but this did make me chuckle

May the factor be with you!

Is the Death Star eyeing up your business?
Let Lenders Commercial Finance be your fighting "Force" with a Small Business Loan

Christmas Vacation Pool Scene - Happy Holidays!

Since we are 'dancing around the Christmas tree,' and I am drawing a blank on Asset-based lending topics. Therefore, without further adieu, the infamous pool scene from National Lampoons' Christmas Vacation!

Have a great Holiday from Lenders Commercial Finance!

Small Business Loans to make your spirit bright!

Fickle Facebook?

Just letting our viewers know that we have joined the Social Media craze, and threw up a simple facebook fan site. If you like what I'm writing, or just want to drop a line. Stop by at: http://www.facebook.com/LendersCommercialFinance

Live Long and Factor!

-Mike

Your helping hand in small business loans

iFinance - The benefits of a SmartPhone Business

Most ears have adapted to the subtle ding from our pocket, as another email is jammed into our inbox.
A quick glance to see if it has arrived from a work or personal account dictates the response. How drastically has mobile technology changed the daily workspace? Come one, you know as well as I do, it has changed it beyond recognition!

As I stopped by the Starbucks down the block from my office today, and was casually awaiting my holiday latte, I heard that charm that makes you check your phone, of course it was a work email. So as I stood amidst a cluttering and clanging pack of monkeys in suits, my response was sent.

Now having this technology is becoming both a curse, and a blessing. You have access to your email, work accounts, etc. anywhere you go. Sure it comes in handy, but I am still a believer in the thought process of never taking your work home. Once a person does that, it can make things stressful at the home-front. Whether it be taking time at the table to respond to a text or an email, the technology is also driving attention away from peer to peer activities. It's revolutionizing how we do not have to interact face to face anymore, and changing the structure of everything.

Since I was a kid, and got to hang on my father's coattails in his hectic life as a realtor, I always enjoyed the Mad Men style of business that went on. Exchange phone calls, emails, meetings, wine and dine, etc. It added a sense of the 'big time,' where every interaction and meeting gave a sense of accomplishment and satisfaction.

That is what I strive for in business, the feeling of accomplishment, and the classy sense of treating my clients well with any meeting or phone call. My generation cannot be responsible for the decrease in the cordial mannerisms of the business world.

How will the changing technologies affect our personal relationships in business?
I think the business loan industry is full of personal interactions that change everyday, and help me grow fond of the classic style of business.