Thursday, January 15, 2009

"Can You or Your 'Broker' Really Acquire Funding or An Equity Partner?"

Global Star Capital Blog posted by Rich Cocovich, FOUNDER

"Can You or Your 'Broker' Really Acquire Funding or An Equity Partner?"

I have been experiencing the most productive stretch in my entire career that has been in place since 1991. When banks fail or cannot lend, private money is paramount.

There is plenty of money available in the private sector. From new trust funds that have $3.8 Billion to lend, to existing sources that have stepped up their lending sums of $300 Million per month, the whole way to Private Individuals who will lend at ridiculously low interest rates---sometimes 1.625% interest. Again, read carefully, the money is there for your project and I work with these avenues daily.

Now, the question is: Can you or your "broker" really acquire funding or an equity partner? More than likely, the answer is DEFINITELY NOT. The reason is because you or your "broker" do not have any relationships in place with the "powers that be" who literally control this money. In addition, your documentation and approach are not up to speed which will get you nowhere. On top of the above, you may have your hand out for free services. All of these factors will deter you from finding true funding and speaking with real sources and decision makers. Trust me, I have seen it all in my career spanning over two decades and services clients face to face in 119 countries.

Ask yourself these questions:

1. Is the business plan for your project in the acceptable style for a decision maker?

2. Do you really know what "acceptable style" the decision makers want in terms of documentation?

3. Do you have direct relationships with decision makers?

4. Do you understand that the only projects that are accepted by decision makers who control the money are actually presented by high end professionals (like the world' top intermediary--Rich Cocovich of Global Star Capital

5. Do you understand that real due diligence is performed ONLY after you speak directly to the source and in order to get to that phase, you must have the decision makers accept your project?

6. Do you understand that 99% of the time your attorney or staff legal adviser will deter you from real funding?

7. Do you understand that there are many pieces of true documentation that need completed as requirements for decision makers on your project that only those who are privy to that information can guide you on?

8. Do you know what those documents are in #7? No you do not unless you have a paid professional leading the way.

I could go on and on and on. Global Star Capital was built on relationships with the entities that can actually accomplish your goal. Lately, there have been projects resurfacing from past potential clients. Their projects are being submitted into our system or through truly trained brokers despite already having the opportunity to work with me personally at some point in the past. I just shake my head when I see these projects resurface. So much time and energy is wasted because people are either cheap and have their hand out for free services, or they just do not comprehend that the true way to actually accomplish the final goal takes professionalism and proper representation. Did you ever order a Big Mac at McDonald's and tell the cashier that you were going to eat it without paying? If you have tried that example---did it work?

I urge you to be a part of our process if you desire true results.

You can read more about Rich Cocovich in the EXECUTIVES section of the Global Star Capital website (  DUNS top rating 147151315 from the parent company of Global Star Capital down.

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