Todays loan marketplace has changed dramatically since the new administration and the federal reserve have put tremendous pressure on businesses and consumers with higher interest rates, higher FICO scores required, and shorter terms for loans.

With no end in sight for the Fed to continue to raise rates, it will more likely than not put the US in a long medium recession for 2023 & 2024.

What that does is stifle growth, creativity, expansion, and kills jobs.

WE looked at the shift closely on credit demands, last year 620 was good-now its 690 to 720 or higher. Big banks have backed off on lending, some private lenders have closed for any new business, and some have just closed.

Small & large companies are cutting back on just about everything to help control costs while profits shrink.

So, we know the conditions, that is why with our search program we run it little differently. Lendingcapital looks beyond just the FICO score, we want to talk to you-find out more of what you need and can afford.

So we lowered our rating system to 580-620 (last year that was good-and we still think it is) and above to adjust the shift of the current environment.

Our program consists of term loans to lines of credit and everything in between, our marketplace of specialized lenders across multiple industries gives our customers easier, faster access to capital. Without affecting your credit.

We provide loans to Subprime to A-rated Serving a wide range of borrowers

Territories: US-Canada

Give us a try-get your Business up running and moving forward

https://lendingcapital.net

The central bank again pumped up its benchmark interest rate another three-quarters of a point with more hikes likely to come. That means credit card and loan interest rates, which move in tandem with Fed increases, will follow suit in 30 to 45 days  

The the average variable credit card rate is now 18.16%, the highest in 27 years. And with today’s rate hike means that most credit cardholders will soon face rates that are three full percentage points higher than they were at the start of the year

And it’s not credit card debt to the consumer, small business will feel the effects of higher rates, shorter terms, and harder to get approval for those much-needed loans

Many Americans have tapped credit cards to combat the escalating cost of everyday goods or services the Federal Reserve’s move this week may have grave consequences

As lenders, we know the rates are higher from a few years ago to get loans to consolidate debt, but in retrospect those loans will be higher soon and my guess lower than the credit cards. The other advantage to refinancing your credit card debt (or nay debt) now is you have a light at the end of the tunnel…once your loan is paid you could be debt free from the horrors of credit card jail 

Bottom line…unfortunately for many Americans the federal reserve raising rates(many more to come) , Washington spending like lunatics (can’t do both and lower inflation) , high inflation, overloading credit cards could lead to massive defaults and huge increase in bankruptcies

Now may be the time to act, Use our search program of over 30 plus lenders and banks for your personal or business loan without affecting you credit score.

Lendingcapital.net 

A very trying year so far if you are in business or individuals trying to make ends meet.

More likely than not we will be (or are already) in a recession possible 2023 a mild depression.

Shore up your finances with a business or personal loan or line of credit as a back up to protect yourself & family. 

Don’t wait until you have exhausted all of your resources or maxed out your credit cards as this will bring down your fico score and make it harder to get a loan of any kind.

Next: check your credit bureaus for any discrepancies or problems…correct them now – we have a check list on our website.

Be Prepared – Be Informed – Take action

It affects our everyday lives

Uncategorized / By Frank Eberhart

I have many requests to repost my mental health post: so here it is

I’ll make this short and sweet…Break the mold

I’m not talking about financial health -although if you are not thinking clearly or stressed it can & will affect financial health.

I’m speaking about physical, mental, stress health of small business owners and employees

Needless to say money, finding good employees, making payroll, paying general bills, and having enough left over to try and expand the business are always key factors in the stress test for small business. We are always looking for money, better marketing, and lead generation.

What we neglect is ourselves. Yep, sleep, eating right, vitamins, exercise, working 60-80 hours a week.

All of this overlaps into our personal lives as well, family relationships, kids, parents, friends, and lack of social life.

First things first see your doctor (this is men & women)

1. Regular checkups
2. Get a cardiologist
3. Start a routine exercise program (home or install at work) at least 10-15 minutes of exercise 3 times a week
4. Vitamins-get a complete vitamin like Alive (fruits & veggies plus)
5. Use a sports workout enhancement like Six star in the morning or before working out.
6. Use a testosterone supplement (adds energy, stamina, and other good things)
7. Not sleeping ask your doctor for something that will help…melatonin is good
8. If need be change your diet or set up where you eat healthier and more regular meals
9. Take at least one day or weekend & take your spouse, boyfriend, girlfriend out to dinner & relax

Take a few minutes a day to meditate…you will be surprised on how it can help.

All of these things combined work, I know from my own experience-a healthy mind and body

Try it…