Thursday, July 17, 2008

An unexpected letter in the mail...$100,000

Hi,
Just the other day I opened my mail and to my surprise
it was an other business credit card. But, this business
credit card was different, it didn’t look like the
other cards that I’ve received before, plus I didn’t have
that bank on my tracking sheet, which tells me, what lines
of credit I have applied for.

So to say the least I was a bit curious about this card that
stated "Your New Account Has Been Established." As I
read further down the letter with the card attached I knew
that this was not a typical "Credit Card", it was a $100,000
line of leasing credit. That's right leasing credit. I didn’t
apply and had never up to this point heard of this company
so I was very curious about this offer, $100,000?

So I called the 800 number on the letter and
started talking to Jason, I told Jason that I didn’t
apply for this card and where did you get my information,
etc. Jason told me that my company fit their profile
of companies that they make this kind of offer to, because
my company looks and acts like a business the line
of credit was issued.

And guys here’s the best part….This leasing line
of credit was issued solely based on my company’s
Dun & Bradstreet report! NO Personal Guarantee!
NO Social Security Number was given at all!
That is awesome! Do you see the power of Business Credit?

I asked Jason to explain this $100,000 line of leasing
credit. Jason said that it’s for us to use on anything that we
can lease like vehicles, office equipment, rent for a building
etc. I said that sounds great, but what are the interest
rates for this type of leasing credit? Jason said that
the rates are currently at 5.25% -I said WHAT! 5.25%! Jason
said yes, that’s correct. I said that’s great! I then asked
Jason what’s the catch, do you have to lease only from
your list of vendors, Jason siad NO, you can use any vendor
you want. Also, I can use any amount up to the $100,000 limit
that I want, so I could lease a copier for $230.00 a month
or a whole office space for $3,000 per month.

This leasing company is just one of the many offers I get in
the mail on a daily basis and this will happen to you when
you follow the “10 Steps To Money” system of raising unlimited
money for your business. What would you do with $100,000 in
leasing credit?

To Your Business Success,

Pat Gage



..
www.10stepstomoney.com

Wednesday, July 16, 2008

American Capital Commits $300 Million to Core Business Credit

BETHESDA, Md., May 19 /PRNewswire-FirstCall/ -- American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it has committed $300 million to Core Business Credit, a newly-formed commercial finance company that will provide asset-based financing to middle market companies nationally.

American Capital's investment takes the form of subordinated debt and equity.
In addition, Core has secured a $125 million senior credit facility with Autobahn Funding Company, LLC, an asset-backed commercial paper conduit sponsored by DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main. This makes Core's total committed capitalization in excess of $425 million.

"In the current environment, middle market companies need access to capital and Core will provide an attractive solution," said Bob Grunewald, Managing Director, American Capital Financial Services Group. "Core will be a unique combination of a national lender with a broad product offering, yet high-level customer service and access to senior management."
Based in Dallas, Core plans predominately to make asset-based loans secured by accounts receivable, inventory, equipment and owner-occupied real estate.

This is another way to get capital for your business. It just goes to show you that even in this "credit" crunch that their are compaines that are giving business credit. Now this is asset based lending which is different than unsecured Business Lines of credit that I teach about, but this goes to show you that this industry is not stopping the flow of money to companies.

What do you think, love to hear from you?

Pat Gage
www.10stepstomoney.com

Tuesday, July 15, 2008

A Day at the Zoo...

Recently my wife and I took a day off to enjoysome time with our kids.

We took a trip to the zoo, which I have not beento since I was like 10 years old.

It was great to go to the zoo and not have to worryabout the business. See we have our businesses on autopilot and have systems in place so that we can take a day like this off and enjoy ourboys. Because as everyone says, "they grow up so fast."

To view the photos of the Zoo Vist just click on the link below:
http://www.facebook.com/album.php?aid=2001919&l=34371&id=1329581882

To Your Business Success,
Pat Gage
www.10stepstomoney.com

Tuesday, July 1, 2008

S&P, Moody's raise Countrywide after BofA takover

NEW YORK, July 1 (Reuters) - Two rating agencies on Tuesday raised their debt ratings on Countrywide Financial Corp. after the largest U.S. mortgage lender was acquired by Bank of America.

S&P raised Countrywide's counterparty rating to "AA," the third-highest investment-grade level, from the highest junk level of "BB-plus" to align it with ratings of Bank of America. The upgrade reflects expectations that Bank of America will honor Countrywide's debt, S&P said in a statement.

And Moody's Investors Service upgraded Countrywide's senior debt rating to "Aa2," in line with Bank of America's ratings. The ratings of Charlotte, North Carolina-based Bank of America were affirmed.

Wasn't it just a few months ago they were talking about massive layoffs and downgrades, makes you wonder if the subprime mess was just for real? Now B of A can borrow more.

Pat Gage
http://www.10stepstomoney.com/

New URL for Ron LeGrand Quick Turn Game

Just thought you would like to know, I just talked to the creator of this game and he gave me a new URL to use.

They are just taking your name and email until the game becomes available in Aug. early Sept.

The URL is www.quickturngame.com

I will update you with more later

Later
Pat Gage
www.10stepstomoney.com

Sunday, June 29, 2008

The best trip!

Hello,


I just retunred from the my friend and Mentor Ron LeGrand's
Information Bootcamp and what a great time we had.

I just found out at this event that I will be a speaker at Ron's
Customer AppreciationEvent in LA in Sept. I will fill you in
on the details in a later post. Because I need to tell you about
the two guys I met at this event.

I met and are going to start working with the two guys that are
developing The brand new Ron LeGrand Quick trun board game
due out in a few months. It was great! If fact here is the world's
first view of the game.




Stay tuned for more details on where you can get the game. It teaches you
the Real Estate business using a game as the vehicle. The game is just comming
out and if you want more info on how to get it let me know.

Let me know what you think about the game.

Pat Gage

Visit http://www.10stepstomoney.com/ to learn how you can
create massive lines of credit.