Most American lenders are making it harder than ever to secure credit the “old-fashioned” way. So, some progressive financial experts are putting their energies into inventing new ways for Americans to access needed capital.
One particularly innovative new way to secure capital is Debt-Free Home Equity (TM). (See the full press release) This plan lets homeowners liquidate some of the built-up equity in their home without debt, interest or monthly payments. It is NOT a reverse mortgage, a second mortgage or a loan of any sort.
Once qualified, the homeowner can receive as much as $300,000 in an upfront cash payment based on their home’s value. In exchange, the homeowner agrees to share with the program sponsors an agreed-upon percentage of the home’s increase (or decrease) in value at the time of sale or end of the agreement.
According to David Nilssen, CEO of Guidant Financial Group, a financial services company specializing in alternative no-debt and low-debt financing, “This to a great way to access one’s own capital to pay off debts, invest in real estate while prices are low, contribute to an IRA, or buy a business. In fact, you can combine this equity money with funds from an IRA to finance a business or franchise with no debt whatsoever.”
Nilssen points out that this strategy is best for those who intend to remain in their home for at least five years. Additionally, there are some specific qualifications that homeowners need to meet before entering into the agreement.
Homeowners who wish to learn more about the Debt-Free Home Equity plan or be prequalified for it can contact Guidant’s financial experts at 888.755.5359. More information can also be found at http://www.ampliore.com/.
Tuesday, August 19, 2008
Stats Link 401(k) Financing to Business Success
The survival rate of those launching new businesses with their retirement funds is significantly higher than those using traditional debt-based financing. This, at least, is the indication of a recent survey by Guidant Financial Company of Bellevue, Wash. Guidant, which specializes in helping entrepreneurs tap their retirement funds to buy a business debt- and penalty-free, found that their clients are experiencing a 95% survival rate.
According to the SBA, 75% of small businesses survive at least two years, and about 44% survive at least four years. Although Guidant’s results were based on the responses of clients who have been in business anywhere from a few months to five years, the success rate is nevertheless significant when compared against national averages.
According to Guidant’s CEO David Nilssen, any kind of debt-service can seriously handicap a new business. “The average SBA loan for $100,000 can demand up to $6,000 in interest in the first year of business alone,” says Nilssen. “When a new business owner can, instead, use those dollars to invest in the growth of their enterprise, their potential for success increases significantly.”
Nilssen also reports that, according to client testimonials, the ability to direct their retirement dollars into an asset they can personally control is one of the factors that drives them to succeed.
To read the full release, click here.
According to the SBA, 75% of small businesses survive at least two years, and about 44% survive at least four years. Although Guidant’s results were based on the responses of clients who have been in business anywhere from a few months to five years, the success rate is nevertheless significant when compared against national averages.
According to Guidant’s CEO David Nilssen, any kind of debt-service can seriously handicap a new business. “The average SBA loan for $100,000 can demand up to $6,000 in interest in the first year of business alone,” says Nilssen. “When a new business owner can, instead, use those dollars to invest in the growth of their enterprise, their potential for success increases significantly.”
Nilssen also reports that, according to client testimonials, the ability to direct their retirement dollars into an asset they can personally control is one of the factors that drives them to succeed.
To read the full release, click here.
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