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Financing Options in a Credit Crisis

Written on October 3rd, 2008 by Joseph in Franchise Industry.

While the news media is playing Chicken Little crying the sky is falling over the current credit crunch, our friends at Guidant Financial offer a little perspective. Here’s an article recently sent out by David Nilssen, Guidant’s president.

America’s Great Depression began in 1929 with the Stock Market crash and did not end until 1941 with America ’s entry into World War II. While we certainly don’t agree with those pundits predicting an imminent Great Depression II, we do recognize that Small Business owners across America are facing unprecedented challenges.

When Washington Mutual failed last month, the equity holders lost everything. Wachovia, another behemoth, faced a similar crisis. In both cases, the FDIC facilitated rapid takeovers by JP Morgan Chase and Citigroup, respectively. Small Businesses benefited in particular by this outcome since they often have more than the $100,000 maximum in savings account balances insured by the FDIC.

In the latest version of the Emergency Economic Stabilization Act (EESA) that just passed the House, the FDIC will insure accounts up to $250,000. This is great news for Small Business. Of course, the price tag for receiving this long-overdue fix is the $700 billion authorized as part of the bailout to invest in sub-prime mortgage debt.

Understandably, many are angry that Wall Street must be rescued and that we as taxpayers will be left holding the bag. Our view is that, without this bailout, the credit markets and American banks will struggle to recover. To us, this is extremely important because we must return liquidity to the credit markets and revitalize financing of Small Businesses.

So what should you and your clients do in the meantime? Guidant Financial Groups innovative financing products bridge the gap. Our market-leading 401(k) Small Business FinancingTM and Debt-Free Home EquityTM products are extremely popular options because they do not depend on debt or the credit markets.

Of course, Guidant continues to help clients with traditional debt products SBA loans, unsecured loans, even equipment financing. Our complete financing product suite makes it easy for you and your clients. We are committed to sourcing 100% of the capital your clients will require to purchase their small business.

Now, more than ever, Small Business professionals must align themselves with companies that can get deals done in a tough economic environment. As the only company in our space included on the Inc. 500 list, Guidant can assure your clients that they are working with the biggest and best in the business. Their deals (and yours!) will get done through Guidant.

Contact Guidant to learn more.

One Response to “Financing Options in a Credit Crisis”

ROLAND Left at 7:34 pm on September 7th, 2010
1

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