Burns Funding, a venture debt lender that helps entrepreneurs and investors obtain funding for their businesses, believes the stability that will arise from the recent elections will serve as a catalyst for a surge in entrepreneurship in the U.S.
“It is not so much the decision favoring President-Elect Trump, but the convincing mandate in Congress, endorsing a pro-business platform” said Peter J. Burns, III. “We saw the rally in the stock market, which I believe was optimism about an expanding economy. At Burns Funding we have already seen a loosening of the credit markets.”
Burns said he anticipated the election result, which is why Burns Funding introduced a new lending product a few weeks ago designed to take advantage of the movement.
Called Burns Corporate Capital, 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 Burns.
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.”
Burns Funding has a long history with shelf corporations. It began partnering with the aggregators of such entities five years ago –
Burns Funding Expands Debt Financing.
Burns Funding is known industry-wide for its ability to embrace innovation.
Earlier this year, it pioneered Burns Corporate Capital, or a way to cost-effectively secure capital from credit cards, lines of credit and installment loans, without having the responsibility to pay it themselves.
“We have assisted hundreds on entrepreneurs, who had no idea they could unlock tens of thousands of dollars on their credit cards,” said Burns.
Burns, himself a serial entrepreneur, similarly expects the Venture Funding Method to soar in popularity.
“There are hundreds of thousands of small business owners, who have the credit score, but can’t substantiate the income through W-2s,” he said. “We see them all the time seeking capital through Burns Funding. They simply are not able to obtain significant unsecured funding to pursue their business dreams.”
The beauty of Burns Corporate Capital, is entrepreneurs can pay for the shelf corporation out of pocket, or avail themselves of Burns Funding Method, where they can access capital locked away in their credit cards. “Once they have the corporation in hand and complete the requisite paperwork, they can obtain access to credit lines well into six figures in as little as 50 days,” added Burns.
Burns’ reputation in the this lending space has also caught the attention of both
Entrepreneur and
Forbes, two prestigious magazines that enlist Burns as a regular columnist.
He continues to leverage his long, successful track record in the business community.
Based in La Jolla, California, Burns grew up in a well-established New England family in New Canaan, Connecticut. He was briefly educated at the United States Military Academy Preparatory School at West Point, the University of Virginia (UVA), and finally, Harvard Business School’s Owners and Presidents Management Program.
While his two younger brothers went on to have very successful traditional business careers, Burns chose the life of a startup entrepreneur.
He started hundreds of businesses over the ensuing decades.
In the early 2000s, he moved to Arizona and became a pro bono adjunct faculty member at the highly respected Barrett Honors College at Arizona State University. In 2006, Burns took his teaching practice across town to Grand Canyon University where along with its entrepreneurial founder Brent Richardson, launched the nation’s first College of Entrepreneurship at GCU.
In recognition of his work, the Arizona chapter of the Future Business Leaders of America named Burns its Businessperson of the Year in 2007.
Shortly thereafter, Burns started Club Entrepreneur to unite entrepreneurs in an “open-source entrepreneurship” platform. The Phoenix chapter attracted 10,000 members.
In 2016, Burns moved to the West Coast and started Burns Funding to help entrepreneurs secure hard-to-get funding for their businesses.
Taken as a whole, Burns says all the businesses have a “common thread.”
“Every business I start, or support through funding, represents my desire to help existing and would-be entrepreneurs reach their full potential,” said Burns. “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.
“The recent elections represent the wind in our sails at Burns Funding. While Washington doesn’t create businesses, it can influence the banking and lending institutions. It can’t provide you with the funding you need to fuel your vision. But Burns Funding can.”
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