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BBG Affiliates with the Direct Lender Alliance to offer Commercial Financing
Bart Business Group has recently signed on with the Direct Lender Alliance, Inc. to provide commercial financing alternatives to small and middle market businesses who are having trouble obtaining traditional bank financing during this current credit crunch. Many banks have restricted their commercial lending, but the private equity "hedge" funds have plenty of money to lend and are aggressively courting prospective borrowers. The Direct Lender Alliance is a group of private equity firms that use independent companies such as BBG to originate commercial loans and equity investments to meet the needs of small to middle market companies with special situations. The DLA works exclusively with private companies across their financing life cycle - from growth financing, mergers & acquisitions, and restructurings to workout situations and later stages of capital formation. The three DLA products currently being marketed by BBG are: 1. HUD 35 year term/ 35 year amortization loans for Multi-Family Owners 2. Church Bond Program, where churches can elminate the bank as the middleman and borrow directly from their members and non-members through a church issued bond offering. 3. Merchant Lending through credit card advances, lines of credit, and traditional loan products. 4. A 100% Financing Program for Doctors, Dentists, and Veterinarians for expansion, debt consolidation, purchasing real estate, buying out a practice partner, etc. Bank Failure Update In 2010 there were 157 bank failures in the United States, the highest total since 1992. The FDIC says the number of troubled banks jumped to 862 in January of 2011, and through April of 2011, 39 banks have been closed. Amid recession and a rise in delinquent loans, the pace of bank failures has been rising, from 25 in 2008, to 140 in 2009, and to 157 in 2010. After the residential foreclosure wave of the past few years, analysts are now predicting a commercial property foreclosure bloodbath that could last through 2013. Bart Business Group is working with a number of private investors and hedge funds to help banks liquidate their foreclosed properties and clean u their balance sheets.
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