According to third Quarter Earnings Reports, Wachovia has seen a 285.8% increase in non-performing assets. At the same time they have increased their loan loss provision from 108 million to 408 million.
During the same time Bank of America has seen an increase of 103.6% in non-performing assets with an increase of 74.2% in their loan loss provision.
Regions and Citigroup have posted similar figures. JP Morgan Chase's increase in non-performing assets was up 50.7% and their loan loss provision went up 119.8%.
The numbers show both the actual situation and their view of the future. Banks are tightening up and they are in need of alternative sources of revenue. We ARE the answer. We can deliver.
At the very least, these banks will have assets that are under-performing and need to be moved from the bank. We can help.
This is a very good time to be calling regularly on every banker you know. The pressure to "clean up the portfolio" will be very strong in 2008.
Thanks for all you are doing and I look forward to a very exciting year for all of us.
Tuesday, January 08, 2008
Friday, June 15, 2007
The AC Rep Convention and The Mindset Mentoring Conference
Gang,
If you missed the convention, you missed alot. I was blessed hearing Alan a millionaire alum and his partner Bill Bates a former Dallas Cowboy. Doug Firebaugh was a HUGE blessing and I pray that Jerry Rasamni's message of our God of Love for Muslims around the world is heard by millions. In fact, Mr. Rasamni's book should be required reading by muslims in prison.
This morning so far has been a tear jerker. And, the early bird lunch with Tim and some millionaires was also great.
Make up your mind to believe that you will attend the next one.
--
Sincerely,
Eric Standlee
713.690.8877 x205
If you missed the convention, you missed alot. I was blessed hearing Alan a millionaire alum and his partner Bill Bates a former Dallas Cowboy. Doug Firebaugh was a HUGE blessing and I pray that Jerry Rasamni's message of our God of Love for Muslims around the world is heard by millions. In fact, Mr. Rasamni's book should be required reading by muslims in prison.
This morning so far has been a tear jerker. And, the early bird lunch with Tim and some millionaires was also great.
Make up your mind to believe that you will attend the next one.
--
Sincerely,
Eric Standlee
713.690.8877 x205
Tuesday, June 12, 2007
[APC] Recent News
Eric Standlee
American Prudential Capital, Inc.
713-690-8877 x205
http://www.americanprudential.com/eric-standlee
Recent News
| Local Steel Importer Houston, Texas has obtained a $600,000 accounts receivable line Provided by American Prudential Capital 13100 Northwest Freeway, Suite 300 Houston, Texas 77040 713-690-8877 x205 |
Eric Standlee
American Prudential Capital, Inc.
713.690.8877 x205
http://www.americanprudential.com/eric-standlee
Recent News
| Local Oil Field Equipment Sales Company Houston, Texas has obtained a $200,000 accounts receivable line Provided by American Prudential Capital 13100 Northwest Freeway, Suite 300 Houston, Texas 77040 713-690-8877 x205 |
Eric Standlee
American Prudential Capital, Inc.
713.690.8877 x205
http://www.americanprudential.com/eric-standlee
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Wednesday, March 08, 2006
Yes You Can Finance Your Business Without Creating Debt!
Anytime you need to grow a business, it is going to take money. Usually that means borrowing from an individual, credit cards or banks.
The trouble with borrowing money is that you always have to pay it back. And that means in good times and bad times you still have that debt to repay.
But there is another way. If your business does business with other businesses, business-to-business, then you have an asset you can use to finance your business without creating debt.
That asset is your accounts receivable. While you are sitting and waiting for your receivables to pay you could be using that money to produce more products or services. Instead, you are financing your customers. They have your money tied up.
You have two choices, continue to finance your customers and wait to be paid 30, 40 even 60 days. Or you can cash out of your receivables now and get the cash you need for new jobs and new customers.
By selling your accounts receivable to American Prudential Capital, Inc. you will create cash instead of a receivable. You will have unlimited growth potential. There will be no banker telling you that you are growing too fast.
And American Prudential Capital will make it easy for you. You can learn more and apply on line now.
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