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Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them. Business, that's easily defined - it's other people's money.
American Business Lending Awarded Preferred Lenders Program Status.
This is a good news for all businessmen and I think you should get the full report after you read this entry. For your information, American Business Lending, Inc. (ABL), an affiliate of FirstCity Financial Corporation (NASDAQ: FCFC), announced today that they have been awarded Preferred Lenders Program (PLP) status by the U.S. Small Business Administration (SBA). The PLP designation is the highest recognition a lender can receive from SBA, according to the Administration. To obtain preferred status, lenders must demonstrate a proficiency in processing and servicing SBA guaranteed loans.
Actually, The Preferred Lenders Program designation is an honor and testament to the quality and commitment of the team at ABL. The company is well positioned to be a contributor to the growth of the earning asset base of FirstCity Financial. American Business Lending, Inc., a non-bank lender specializing in SBA guaranteed loans, is headquartered in Dallas, Texas. It has loan production offices in Houston, San Antonio, Atlanta, Indianapolis, Raleigh, and Cleveland.
FirstCity Financial is a diversified financial services company with operations dedicated to portfolio asset acquisition and resolution with offices in the U.S. and with affiliate organizations in Europe and Latin America. Its common stock is listed on the NASDAQ Stock Market, LLC under the symbol “FCFC.” (source)
Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves. One more thing is in the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later. Remember, a business that makes nothing but money is a poor business.
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