With institutional lending restricting credits to small businesses, how can the small guy raise capital to make payroll, pay vendors, accept new orders or buy that much needed equipment?  One way to raise capital, which by way has been a practice for decades, is to sell accounts receivables to factors.   Factors are not lenders, they purchase invoices and charge a fee depending on the amount and size of the invoices bought.   Unlike a business loan where the process can take weeks and scrutiny of the small business owner’s payment history,  factors will look at the strength of the clients credit and not the owner operator.   Factors specializes on one or several industries from employment agencies to transportation bills so fees vary.

What is the state of housing and economy today? That depends on who you talk to and how it is affecting the average person.  Personally, this has affected us dramatically.  With consumer demand on a downward spiral, credit companies cutting credit lines, home values under water and topping it off with unemployment, I say we’ve hit bottom.   With dismal forecast on the jobs front, it is tempting to wallow in frustration.  However, looking to the past during the 1930’s recession, there have been many inspiring stories of people creating opportunities when all seemed hopeless.  Look at the innovations that came out of that era in construction, manufacturing, technology, and agriculture.  It was an era where entrepreneurship was born and capitalism embraced.   We are seeing the same spirit of entrepreneurship this time also.

I have renewed hope that we can re-invent ourselves and re-build our lost fortunes.   It’s time to act and grab the opportunities to help others wherever and whenever we can.   Focus on how we can help others, how we can make life better, what can be done to make things better and money will follow.  I am following that path by investing in affordable housing.  Looking at key areas where it is feasible to provide safe, clean and affordable living for folks.  It is challenging specially in high cost areas but I believe that even there, there are diamond in the rough that will come through.

Obama’s 3trillion budget does nothing to stimulate our economy…in fact, it weakens our military defense making us more vulnerable to terrorist attacks… This is not fear mongering.  This opens wide opportunities for America’s enemies to strike and we can’t do anything about it.

Below is an excerpt from a top economic advisor…

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