You Didn’t Build That, Government Businesses and Taxpayer’s Did!

Well, I am still not over the anger that a sitting president would tell me that without the government, I could never have built my business, I am angry because it is simply BS. Further, I like to take this argument one step further and throw it back in the face of all those in the crowd that seemed to cheer when our president made those comments. Let me, play devil’s advocate for a second here.

Not only did the government not build my company, they got in my way of building it, which no one seems to wish to point out. Further, who on Earth do you think built the government? The buildings, monuments, infrastructure, and the like, ever wonder. They hired businesses and entrepreneurs to do it because they couldn’t do it themselves, government is too inefficient, uptight, and pathetically politically incorrect to do much of anything efficiently, so they hire us entrepreneurs to solve their problems.

The reality is that politicians didn’t build anything, other than their own reputations at other people’s expense, and their power base through manipulative tactics on the overall population and masses. Reading such communist theories of economics such as Das Kapital by Karl Marx, where such thinking originated, and thus, a might cause a studier of communism to believe that entrepreneurs and businesspeople don’t build things, and could not have built anything without a centralized government control; well they aren’t correct either as Adam Smith correctly pointed out the prior.

We see free enterprise springing up all over the world, in nations which have nothing, micro-finance businesses, and micro-enterprises. They don’t have any government, or none to speak of, and those entrepreneurs have built businesses. Even the farmers in China under communist rule were trading amongst themselves to provide abundance for their families and their fellow farmers. They did this in spite of the government, not because of it. Free-market capitalism in the United States survives and thrives not because of government or any of its regulations, but in spite of it.

This is something that the Democrat Party in the United States and all the left-leaning socialist followers in tow do not seem to understand. Maybe it’s time that a lesson was taught to the American people, and to politicians that feel this way. What if every small business in this country and every Corporation spent the next two to three weeks closed, and didn’t do anything. There would be chaos in the streets as soon as the trucking companies and independent truck drivers stopped delivering to the grocery stores. There is only three-days of food there at their average turnover rates.

Without the small businesses, entrepreneurs, and corporations in this great nation of ours, we wouldn’t have a nation, we wouldn’t need a government, there wouldn’t be anything. Because we built that, not the government, and it wouldn’t matter if the government existed or not because mercantilism, horse trading, and free-market capitalism will occur anytime there are humans trading their own goods and services to one another.

The government needs to respect the right to free-contract (look it up), and get out of the way, and stop taking credit for that which they did not do. Because when it comes right down to it we built the government too. Please consider all this and think on it.

How Has IT Services Revolutionized the Banking and Finance Industry?

The business landscape for the banking and financial services industry has never been more challenging. With changing consumer preferences along with the recovery of the global economy, banks and financial institutions are looking to re-position themselves so as to build loyalty and drive profitability.

With regulatory bodies getting much stricter and judicious than ever before, financial institutions are under tremendous pressure to meet ever-changing regulatory and compliance requirements. In fact, financial organizations are openly discussing their dependency on technology and IT services to remain competitive in this volatile and uncertain banking industry marketplace.

In fact, they need to focus on technologies and processes that besides offering efficiency through cost reduction can effectively manage the frequently swelling compliance and regulatory requirements. Additionally, financial institutions should also realize the need to develop innovative IT solutions. This indeed can lead to better return on investment that too while providing a seamless cross-channel experience to the customers.

Banks and other financial organizations are looking for a complete suite of flexible and cost-effective IT services and solutions that can meet the diversified demand of this ever-growing industry. From Application software services and testing or quality assurance services to Infrastructure services and banking consulting and solutions, service providers are providing an entire gamut of IT services to global banks, and other major financial institutions across a range of functional areas.

With an evolving competitive and dynamic marketplace, the banking and finance industry now calls for an exclusive amalgam of technology and service operations, which in turn will help them to focus on their core financial services capabilities. By outsourcing their IT needs to reliable service providers, banks and other financial institutions are experiencing real results in terms of enhanced operational efficiency, risk mitigation and sustained cost leadership.

With extensive domain and technical expertise, the main aim of these service providers is to provide enhanced end customer satisfaction, unravel cost efficiency and reorganize financial processes through technology optimization and continuous business development. Banks thus need to hire their offshoring partners only after evaluating them thoroughly across various parameters.

Since, the future of the banking industry largely depends upon their ability to develop close relationship with their customers, it becomes essential for them to provide better customer experience than their peers. Financial institutions will thus have to emphasize on technology focused innovations, which in turn can offer better experience to the customers. Banks that have learnt to utilize technology to gain a competitive edge will be in a position to reach the customers before customers begin looking for them.

USDA Loans Aka Business and Industry Loans

What exactly are B and I loans? They’re a government sponsored program, similar to the small business administration loans. The program was set up to help building owners in rural communities, primarily with populations LESS than 50,000, in an effort to both create and retain jobs. All in all, the USDA loan program was created to stimulate rural communities.

This is the niche that the B and I Loan fill. And it’s very important to note that there is a major void here. Virtually all banks, lenders and hard money sources will not consider commercial loan requests where the population is less than 50,000. And most won’t look at deals with populations less than 100,000.

So many people that want to buy property for their business or for investment simply didn’t have a lot of options (or none at all), unless they consider the B & I loans. Many borrowers are shocked to learn how limited their options are in rural communities

Not only do these loans fill that void, they also have some really interesting terms. For example they offer 30 year amortization schedules on most deals. Compare that to the typical small bank loan of 20 year amortization and it’s a huge difference. What this does is drastically reduce the borrower’s cash flow. The difference in monthly payment between a 20 year amortization and a 30 year is around 20%-25% (assuming the rate and loan amount are comparable).

Also, the Business and Industry program boasts some of the highest financing levels around. You can go up to 80% loan to value on both purchase and refinances. This high level of financing exist for typical buildings like office or retail and more special purpose like restaurants or automotive facilities properties.

Underwriting standards with B and I loans are more flexible than small bank loans as well. Debt coverage ratios for example can be “bent” or adjusted if the funding bank and the USDA think the loan request is close.

If you own a commercial property in a small town, this is a program that you should give serious consideration to, as it maybe the best financing option you will be able to find.