Fringe bankers. A new term I may use again (and again)

decologo

Matt Horne, Founder and CEO of DECO Windshields chatted with me yesterday in a Google Hangout about all things business finance.  Matt has built a company that generates over $5,000,000 in revenue and had lots to say about money, business and the learning curve that he has had to go on to keep the doors open while dealing with massive growth.  He used a term – “fringe bankers” – to refer to capital groups in the market that have been able to help DECO with their cash needs.  I like the term and think I will be adding it to my vocabulary.

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A chat with a private lender

cobra mortgage

I had a great time chatting with Brad Lundgren of cobra Mortgage Services Ltd. (click here for their website).  We discussed what private lending is with a particular focus on commercial transactions including hotels and motels.  Yes you have read this correctly – hotels and motels.  Brad also talked about why private lenders are important and his opinion on where conventional banks are now (think “under capitalized”).

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He figured out how to calculate your credit score (thanks Richard!)

book_averagejoe

Yesterday Richard Moxley and I chatted in a Google Hangout about his book, personal credit and things people should know about the “credit game”.  Some of the points that Richard covered included: joint credit, death and divorce, how to check your credit free as well as some simple things to know that could really improve your credit score.  And by the way, he reverse engineered the credit scoring system to figure out how credit scores are calculated (he loves credit).

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