Something often glossed over in the lending industry is why we love what we do. Like our friends in creative professions, or rather all professions, our experience matters. It’s not just so we can claim we’re the best in our field or that we have 25+ years of experience. It is because it allows us to seek out creative and unique solutions to our clients’ money problems.
I learned early in life to think outside of the box. When you’re raised on a farm in rural Wisconsin, you have to be ready to analyze problems at a moment’s notice and work to find solutions with what’s on hand. My father and grandfather taught me at an early age that if something breaks down, you need to identify the problem, find a solution, and repair it. All quickly.
This life lesson is how I approach finding lending solutions at Liquid Ally. We analyze where you are today, find a lending solution that fits your needs, and helps you get where you want to go.
A Creative Solution to a Not So Unique Financing Request
A common mistake we see in our industry is companies searching for lending on their own and settling for poor terms simply because they do not know there are better options or solutions. Some that are a little outside the box. That’s where an experienced lending consultant really comes in handy.
One creative solution that I was able to negotiate involves a bank in Boston, a Swedish manufacturer, a Swedish underwriter, and a Mexican equipment dealer.
I know. I know. It sounds like the setup to a classic joke from the previous century but stay with me.
The Swedish manufacturer wanted to sell heavy equipment to a large equipment dealer in Mexico. The dealer wanted to finance the equipment. Due to the inherent risk, they were having a challenging time finding a bank to provide the funding. That’s where I came in.
I was able to locate a bank in Boston willing to provide the financing if another company outside of Mexico would guarantee the debt. Due to my connections in the construction, manufacturing, and lending industries, I was able to locate an organization specializing in promoting Swedish exporters and their companies’ internationalization. The Swedish underwriter (EKN) guaranteed the debt to the Swedish exporter allowing the Boston bank to finance the deal and the Mexican importer to acquire the equipment.
This 4-point connection is just one example of how the personal touch at Liquid Ally could make the difference in finding a solution that takes your business to the next level or keeps it going. If you’re trying to take the DIY approach, you’re running the risk of missing out on a deal that could be the game-changer for your business.
Experience Matters
We’ve all seen the pictures of failed DIY projects. While these are fun to laugh at, you don’t want that imagery to be the opportunity cost, or worse, the actual cost of finding funding yourself. Experience matters. Before you sign on that dotted line (or type), call me. Not all funding options are the same. I can help evaluate if it’s a fair deal.
Whether you are in construction and looking to purchase a large piece of equipment or a manufacturer simply hoping to finance the materials for a triple-sized order, there are lending options.
At Liquid Ally, we only work with lenders we’ve personally vetted. To improve your options, we’re constantly on the lookout for new lenders. We work diligently as a liaison between our clients and our lenders to ensure a transparent, easy, and fast experience that connects the right size lender and terms with your needs. From factoring to asset-based lending, we connect our clients to the lender that fits their funding requirements to get you cash precisely when you need it and as inexpensively as possible yet from a quality lender.
Don’t Do It Alone
If you’d like to learn more about what to look for when searching for financing, check out our free download: 5 Things You Need to Know Before Looking for a Lender. You’ll learn why it’s important to choose a financing type in advance, how to speak the lender’s language, and about your risk’s effect on your rates.
To discuss how Liquid Ally can assist you with your next lending project, give me a call or send me an email. I’d love to help secure a great funding package for your company and prevent a DIY fail!