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Stephen Bush provides business finance advice and commercial finance programs throughout the United States. Steve has served as a small business financing and government finance advisor and U.S. Navy Supply Corps officer. He is currently the Chief Executive Officer of AEX Commercial Financing Group (based in Ohio) and specializes in working capital loans, merchant cash advances and commercial mortgages. Steve obtained an MBA from the University of California, Los Angeles and is a graduate of Miami University. He has provided candid advice to business owners for more than 25 years.

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Working Capital Journal

Commercial Loans and Working Capital

Recent Key Changes


There have been significant changes which will impact new business financing, commercial construction financing and refinancing of commercial loans. We expect even the "temporary" measures to be in place for a lengthy period of time due to the severity of current economic conditions, and some of these measures are likely to end up being permanent — these are serious and real changes that cannot be ignored by business owners as they develop their plans for future business financing and refinancing.

Several of these small business finance changes are highlighted below. However, there are important details not included due to space limitations. Please contact Stephen Bush (AEX’s Chief Executive Officer) for additional clarification —

  • An increased frequency of business finance funding rejections by traditional commercial lenders
  • A shrinkage in the number of active business lenders
  • The increasing need to fire "Bad Banks" and "Bad Bankers"
  • Reduced availability of commercial construction loan programs
  • Changes in how business cash advance programs are being used
  • Revisions in stated income commercial loans
  • New commercial finance options for working capital management



The multiple and rapid changes that we are now experiencing with commercial financing are likely to result in at least some confusion for commercial borrowers. By having a candid conversation with a commercial loan expert such as AEX Commercial Financing Group, business owners should be more capable of implementing an appropriate strategy for the vast changes which have recently occurred or are about to become effective for most business financing and working capital finance funding throughout the United States.


ONE SUGGESTION FOR DEALING WITH BUSINESS FINANCING CHANGES —

A critical component in dealing with the commercial finance change issues noted above (as well as some other business financing changes not included in this particular summary) is adequate contingency planning. For many years AEX Commercial Financing Group has advocated the importance of businesses having a "Plan B" for commercial funding. Based on this approach, if a business has ANY commercial loans or commercial real estate financing, a Plan B should be formulated NOW for the contingency that alternative financing could be needed soon. The extent and speed of recent changes impacting virtually all business finance funding transactions has certainly confirmed the value of having a contingency business financing plan in place. Commercial borrowers should contact AEX for assistance in establishing and implementing this vital and practical strategy for their working capital management and commercial loan programs.

 

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Contact Information

AEX Commercial Financing Group

 

Stephen Bush

Chief Executive Officer


Phone: (614) 335-4901


Email: BUSH@AEXLLC.COM