Commercial Lending Solutions » SBA Loans

Senate passes Small Business Administration funding extender

cls — Fri, 27 May 2011 12:48:59 +0000

The Senate on Tuesday passed by unanimous consent a short-term extension for Small Business Administration (SBA) funding after failing to clear an eight-year extension earlier in the month.
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Chase, Wells Fargo lead SBA top 10 lenders list

cls — Wed, 25 May 2011 13:57:00 +0000

JPMorgan Chase & Co. was the busiest 7(a) U.S. Small Business Administration bank lender in the country during the first six months of the fiscal year, according to a recent SBA ranking of banks that offer the popular loans.

Government Shut Down is Bad news for Small Businesses…….

cls — Fri, 08 Apr 2011 13:21:46 +0000

Even after a late-night meeting with President Obama, lawmakers are still unable to reach an agreement on a 2011 budget — making the threat of a government shutdown a real possibility. Read More

The Importance of Honoring The Government Loan Guaranty

cls — Fri, 25 Mar 2011 12:27:32 +0000

I attended the Western Pennsylvania Association of SBA-Guaranteed Lenders conference in Seven Springs, PA last week. One of the highlights of the conference was a Q&A session with Steve Smits, SBA Associate Administrator, Office of Capital Access. Smits discussed the importance of honoring the guaranty and how SBA is working diligently to ensure the efficiency of the purchase process. Here is an audio snippet from Smits Honoring the Government Loan Guaranty.

House Approves Small Business Bill

cls — Fri, 24 Sep 2010 14:23:01 +0000

Association officials praise Congress for passage

September 23, 2010 | By Paul Frumkin

The Small Business Jobs and Credit Act of 2010, which includes provisions that proponents say would provide restaurants and other small businesses with tax relief while increasing access to capital, was approved Thursday in the House by a vote of 237 to 187.

The Senate had passed it last week by a vote of 61 to 37.

The legislation now will be sent to President Obama, who has said he will sign it.

“This bill will help restaurants and small businesses with tax relief and assistance in gaining access to capital that is critical to economic and financial recovery,” said Scott DeFife, executive vice president of Policy and Government Affairs for the National Restaurant Association.

Bridging the Gap Between Hospitals and Senior Living Communities

cls — Tue, 01 Jun 2010 15:32:17 +0000

I had the pleasure of interviewing Ron Henry, Chief Development Office for North Fulton Hospital and Kamela Sooknanan, RN Associate Administrator of Clinical Quality Improvement for North Fulton Hospital.

Both Ron and Kamela have work diligently to increase the quality of care for the senior patients who enter into care at North Fulton Hospital.

We met to discuss an outreach program that they have developed to bridge the lines of communications between the hospital and the senior living communities that serve the patients being admitted to North Fulton Hospital.

The outreach program is 3 pronged:

1. Care Transitions Task Force-which is made up of clinical representatives from a senior community. North Fulton is currently seeking more communities to become involved in the task force. If your community is interest in becoming involved in the solution to care for seniors please contact Kamela Sooknanan at (770) 751-2973 or email to kamela.sooknanan@tenethealth.com.

2. Senior Care Network

3. ACE Unit

To learn details about each of the three components to this cutting edge approach to senior care, be sure to watch the video…

Commercial Lending Solutions successfully arranges financing for a local restaurant

cls — Thu, 27 May 2010 19:11:29 +0000

Commercial Lending Solutions successfully arranges financing for a local restaurant

Woodstock, GA — The Atlanta based company Commercial Lending Solutions, LLC announced today that it has successfully arranged financing for the expansion of Tuscany Grill restaurant in the Town Center area. The transaction was a SBA 7A loan, utilized for the purchase and build out of the new location located just a block away from the current location. The new address is 250 Cinema Way in Woodstock, GA and is scheduled to open in mid-to-late July 2010.

Commercial Lending Solutions worked exclusively on behalf of the borrowers to secure the loan through a Georgia-based community bank. Regarding the transactions, Commercial Lending Solutions president Erica Parker stated “In light of the current lending environment, the successful closing of this transaction is a testament to both the strength and quality of our clients, as well as the deep relationships we have developed with our funding sources.”

Commercial Lending Solutions first understands your cause, and then they invest in it. Through a proprietary service called PROPEL, they build the business case for the right lender to extend favorable terms and conditions to their clients. It’s the difference between yes and no, success and failure. Working with a wide variety of lenders, Commercial Lending Solutions finances transactions ranging from $500,000 to more than $50 million with a focus on Senior Living Communities.

For inquires, please contact Erica Parker at eparker@clscause.com or visit www.clscause.com.

The Great Equalizer

cls — Thu, 29 Apr 2010 02:21:11 +0000

PROPEL from Commercial Lending Solutions is the great equalizer.

PROPEL means to drive, or cause to move, forward or onward.

Commercial Lending Solutions defines propel as follows:

To make happen, to satisfy a cause, to accelerate a financial transaction, objectively build the business case of the borrower while satisfying the risk/reward appetite of the lender, to advance to the closing table.

PROPEL advances the cause of both sides of the equation and expedites the transaction to the closing table.

Borrowers Need = Lender’s Appetite

Successful deals are defined by PROPEL. More than an executive summary, PROPEL:

Establishes the business case for both borrow and lender.
Serves as an introduction to the borrower’s business plan, past financial statements, future cash-flow projections, etc.
Serves as an answer to every possible objection of the lender
Serves as a win/win document to expedite decisions, gain optimum terms & conditions and advances the cause of both parties to the closing table.

In the commercial real estate industry, CLS is the exclusive source for PROPEL.

What’s Your Cause?

People aren’t thinking about their obligations…..

cls — Wed, 21 Oct 2009 17:21:25 +0000

“Whenever I hear some folks who have just been taking taxpayer bailout money suddenly say ‘what, what, what do you want from me?’ When I hear stories about small businesses and medium-sized businesses not being able to get loans. Despite wall street being backed very properly, that tells me that people aren’t thinking about their obligations, our mutual obligations to each other and the fact that we’re in this together.” President Obama

I can’t help but hope that our government will get it right this time. Small businesses are the pulse of our economy and yet they are failing daily. We need help Mr. President!!! No need to worry about us Small Business owner not taking care of our obligations. Typically our “obligations” and our “customers” are one in the same. And as small business owners, we are smart enough to know WHO to take care of. Let’s get it right this time around.

http://whitehouse.blogs.foxnews.com/2009/10/20/looking-ahead-obama-administration-to-help-small-businesses/