Some things never change when it comes to being a small business owner.
One of the biggest challenges facing entrepreneurs has always been securing growth capital for their existing business or funding to be used for the purchase of revenue-producing assets.
Dr. Cliff Janke, an Emergency Room Physician and owner of dozens of commercial real estate projects throughout the Southwestern United States, can attest to this.
“There is no shortage of investment opportunities,” said Dr. Janke. “There is just a shortage of funding to take advantage of those opportunities. That was one of the most frustrating aspects of the early part of my career as an entrepreneur.”
“Was” is the operative word. In 2018, he found Burns Funding, which was able consolidate multiple loans that Dr. Janke had into one lower interest loan.
“Not only did it save money on the debt service, but it freed up capital to make other acquisitions,” he said.
Novel Approach to Raising Capital Through Shelf Corporations
Dr. Janke was so impressed with Burns Funding that he kept tabs on the La Jolla-based company’s innovative approach to lending to entrepreneurs. Its latest foray into the marketplace is Burns Corporate Capital.
Through BCC, Burns Funding helps the entrepreneur raise the necessary capital to purchase what is commonly called, a shelf corporation. “It’s a way for entrepreneurs to raise as much as $200,000 for their business without setting foot in a bank, or sacrificing their personal credit,” said Peter J. Burns, III, an entrepreneur with 50 years of experience in building ventures and empowering others to do the same.
According to Wikipedia, a shelf corporation is “a corporation that has had no activity. It was created and left with no activity – metaphorically put on the ‘shelf’ to ‘age.’ The company can then be sold to a person or group of persons who wish to start a company without going through all the procedures of creating a new one.”
Dr. Janke was so impressed that he bought two shelf corporations with the help of Burns Funding and is awaiting access to the associated lines of credit.
To qualify for BCC, the entrepreneur’s only requirement is a 720-credit score. There’s no need for a W2, and there is no impact on the entrepreneur’s personal liability.
While Dr. Janke executed the purchase of the shelf corporations by using the Burns Funding Method. The Method is a novel way for Burns Funding to provide the capital entrepreneurs to purchase the shelf corporations (typically $11,000 to $13,000).
Burns Funding introduced a Method earlier this year for entrepreneurs to cost-effectively secure capital from credit cards, lines of credit and installment loans, without having the responsibility to pay it themselves. How is this possible? Burns takes a portion of the funds and invests the capital in a curated menu of passive incomes streams, which cover the debt service.
“The beauty of this approach is we take care of the debt service on the lines of credit that are made available through the shelf corporation,” said Burns.
Over the years, Burns Funding’s innovative approach has earned him a legion of fans and the invitation of two the world’s most prestigious business magazines – Forbes and Entrepreneur – to be a guest columnist.
Those columns can be viewed here:
To see his articles on Entrepreneur, visit: https://www.entrepreneur.com/author/peter-j-burns-iii
To see his articles on Forbes, visit: https://www.forbes.com/sites/forbesbusinesscouncil/people/peterburns/
Burns used these platforms and the many satisfied customer to fulfill his overriding mission.
“Every business I start represents my desire to help existing and would-be entrepreneurs reach their full potential,” said Burns, who was named Businessperson of the Year in 2007 by the Arizona Chapter of the Future Business Leaders of America. “Too often, they give up because of a lack of capital. I set out to solve that problem and won’t rest until every entrepreneur who needs money can secure it.”
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