Signs are pointing toward another Banking Crisis in the near future.
Here is why:
70% of the Banks have not yet worked off bad loans from the first credit crunch
QEII is causing world wide inflation
Rising oil and food prices will most likely derail the economic recovery
Interest rates are beginning to rise placing a heavier burden on borrowers
This may not be front page news now, but I think it will be later this year into 2012.
Who is at risk?
Any business that has an outstanding commercial mortgage that is up for renewal in 2011 or 2012! Many are not trenewing outstanding loans now, if we have another crisis, chances of renewel will be horribly expensive or perhaps even slim or none
What can you do, if you have renewal coming up in the next two years?
ACT NOW! Do not wait to until the crisis hits.
Here is the solution for Owner Occupied Businesses:
Right now, the SBA has $16 Billion of low cost money to lend to owner occupied businesses who specifically have a mortgage note coming due in 2011 and 2012.
Drop everything and apply now!
There are over $500 Billion of commercial mortgage loans coming due in 2011 and 2012 so the $16 Billion will not last long. Do not get left out in the cold.
We are prefered SBA lenders, can get commitment in a matter of days and close generally in 60 days. Lock in the financial secuity of your business in now.
Here is the solution for Non Owner Occupied businesses and Investors:
We have a handful of lenders who are presently offering nice low fixed rates for conventional refinances, even cash out.
Act now, before these lenders have to dramatically raise rates and qualifications.