Need money? GROWING your operation? Or, starting a new one? You need capital!
I have it!
Let me tell you my story. And it’s not a story of triumph. There is no happy ending here.
I was a computer guy and my computer business became a grind. Razor thin margins kept getting thinner… and so much work. I was tired of it. And it wasn’t making great money.
The guy next door to my office was running a payday loan office. I was amazed. He was never there and he had only one really dumb – but very attractive – employee. As I sat in my lonely and boring computer store, I’d see these people line up next door and borrow money. The employee would come in very late. Be gone for 2-3 hours for lunch. And would leave early.
Yet, these customers kept coming back. Sometimes 3-4 times per day. There was obviously real demand here. The owner decided he didn’t feel like running this business anymore, and the landlord for the building asked me if I would like to take over the location.
I jumped at the chance. It couldn’t possibly be worse than trying to set up AOL for people that were 200 years old.
I got my Florida State deferred presentment license and opened up my first check cashing/payday loan store in 1998. It was a beautiful time. There was no CFPB, and State regulations were minimal.
I was earning amazing returns. Very few collections issues. Very little fraud. It was the “golden age” of lending!
But my success was causing me problems. I wasn’t that well capitalized. I was quickly running out of money to lend. People would ask to take out a loan. I would tell them to come back on Friday, after I had received some payments. And sometimes, I didn’t have the money for them on Friday, so they’d come back on Saturday.
I was stuck. I was turning away too many people. There weren’t many banking options available. So I found a partner. I offered up 50% of my 4 month old company for $150,000.00. He agreed to lend the business the money and I thought that I had hit the jackpot.
Over the next 10 years, the one store grew to 5. And our revenues were pretty great. Then the partnership went bad. We wanted to go in different directions. I called it the Internet 🙂
Eventually I sold my 50% of the loan business just to escape from the conflict and negativity.
Looking back, I realize that the investors’ original $150k had been so VERY expensive. As the business grew, so did his salary, his expense account and his dividends. I’m not disrespecting his investment. Or the risk that he took.
When you’re starting out, you try and focus on not failing. But you have to also consider what happens if you’re successful? I hadn’t really put any limitations or contingencies for the growth of one store into a small chain. Our small stores had low overhead and were very profitable.
From this business, the funding partner collected approximately $2.8 million dollars. That was pretty awesome.
But not for me.
If I had other funding options at the time, it would have been amazing.
If I had the ability to arrange a combination of bank financing to grow my business, the difference in my results after 10 years of work?
It would have been life changing!!! I would have earned more than DOUBLE the income. No partnership conflict and in total control of my company and my future.
So now, years later, I discover this unique and effective funding platform, I get really excited. I have to share this with every guy that’s starting out. Or growing. If you have a half-way decent credit rating, this program can get you the funding you need.
Without giving up your precious equity. And creating a platform for further growth, as you need it.
Remember? Life changing. Access to the capital you need without losing control?
My capital raising programs are so much better than seeking out private money at 20-30%, or giving up equity.
Here’s a 2 minute video to explain what I do. Two minutes! I WANT to save you $2.8 million dollars.
Can you afford NOT to invest 2 minutes to get serious money for your business?
With Jer at Trihouse, I’ve already successfully helped payday, title loan and MSB’s get money that makes sense! [And a few other industries as well.]
DO THIS! It costs you nothing and there is no obligation. Give your business a chance!
Click here: “Yes I’m interested!” Watch the 2 minute movie explaining everything.
AGAIN, there is no cost or obligation to see where you are and what I can do for you.
Be awesome out there. And don’t let anybody, or anything hold you back!
Miro P. with Jer at Trihouse
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