Follow on Google News News By Tag * Trade Capital Company * Try Tc * Desposit Loan Program * Establish Credit * Credit * Business Credit * Experian * Trans Union * More Tags... Industry News Country(s) Industry News
Follow on Google News | Trade Capital Company Deposit Loan Program Builds Credit for Foreign InvestorsTen-year-old Niche Market Financial Product Attracts Investors to US Real Estate and Small Business
By: Sustantiated.org "A recent online survey of Realtors shows nearly a quarter of potential home buyers are waiting on the sidelines," said Richard F. Gaylord, president of the National Association of Realtors (Buyers Stay Away From Homes, Forbes.com, 7/24/08). "Factor in the 5-year slide the Dollar against the Euro, and you may have your answer," points out Jonathan Warren of Trade Capital Company, an international financier in Las Vegas. "If we can back off the latest round of visa restrictions and knock off the chip-on-our- That sentiment and prediction are precisely why Trade Capital Company has begun actively marketing in foreign markets its Deposit Loan Program, a loan and deposit combination designed to allow the borrower to establish credit and deposits simultaneously. "The last time I counted, Mr. Warren had been in 22 countries in the past few years promoting this capability," The Company has increased its international marketing presence from simple magazine ads in Europe to highly targeted face-to-face solicitation at investment conferences attended by affluent individuals in Europe, Southeast Asia, South America and West Africa. Direct referrals by banks in the US and abroad are still the main source of Trade Capital's clientele. The Company's flagship product, the Standard Deposit Loan, allows even businesses without credit history to borrow $25,000. or more, for the sole purpose of holding the funds on deposit. "It lets you establish the credit without going into debt." Says Randal Robinson, a client in the import business, "The borrowed cash stays in my account, and on my balance sheet." The encore is a refinance of the Standard Deposit Loan with a bank line of credit, nearly anywhere in the world. Trade Capital posts 100% cash collateral with the issuing bank before funding, giving the client cash-secured status in this credit crunched world. Resulting approvals are a boon for the banks starved for cash-secured borrowers. Trade Capital Company is listed as a subscriber and data provider with national credit repositories Trans Union, Innovis and the business credit section of Experian, among others. # # # Trade Capital Company provides private international banking services, cross-border and start-up lending solutions worldwide. Company website: http://www.try.tc End
|
|