Actually, we are not obtaining loans, they find “qualified” investors (high net worth individuals) over $1M in assests or family trusts to invest.
They are subject to securities law....
Of course, investment bankers are not true banks......
This is why Obama’s Buffet plan is so dangerous for small business, it will dry up this source of capital.
Already, traditional banking and leasing capital is all but gone, if this tier disapears, we are screwed.....
Actually, we are not obtaining loans, they find “qualified” investors (high net worth individuals) over $1M in assests or family trusts to invest.Unless your investors are legal partners you are still paying them a rate of return.
If it wasn't for usury laws you could find those investors, or they could find you, without being forced to having broker fees to pay. If you choose to have a broker that's one thing. Being forced to have a broker is another.