Small Business Failure
This paper is to research and analyze the failure of a small business. |
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TABLE of CONTENTS
Introduction P&H Capital commercial mortgage..……………………………. 2
Reason for Failure
In My Opinion; Why Success became a Failure……………………….. 4
ANALYSIS
What could have been done better? ……………………………... 6
P&H Capital commercial mortgage
P & H Capital, a commercial mortgage company that was located in Brooklyn NY opened in 2009 that specialized in finding loans for small businesses. P&H Capital was founded by Ismail Humet, while working as a Wall Street analyst, and Shawn Porat, running a recovery judgment at the time and had funded their commercial mortgage company start-up with a mere $4,000. The two positioned with insight on the subprime crisis and the tightening of credit offers, believed they could match the small business lenders while offering alternative financing.
Regardless of the current credit crisis associated with the housing bubble, P&H Capital were still able to close on their loans while specializing in several areas of financing such as, commercial real estate loans, SBA small business loans and equipment loans for both business owners and commercial investors in the $300,000 to $50,000,000 range. It was P&H Capital’s alternative financing that included SBA 7a loans, USDA B and I Loans, SBA 504 loans and Commercial bank Loans, which allowed P&H Capital to flourish in the mortgage industry.
P&H achieved much of their clients due to the frustrations they encountered while working with commercial banks and their red tape bureaucracies, as well as concerned with their local banks not being able to offer the quoted terms or close on their real estate or business loan at all. P&H was able to curb these frustrations and concerns while providing longer fixed periods, amortization schedules, and more aggressive underwriting standards.
On top of the attractive financing options and freedom from
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TABLE of CONTENTS
Introduction P&H Capital commercial mortgage..……………………………. 2
Reason for Failure
In My Opinion; Why Success became a Failure……………………….. 4
ANALYSIS
What could have been done better? ……………………………... 6
P&H Capital commercial mortgage
P & H Capital, a commercial mortgage company that was located in Brooklyn NY opened in 2009 that specialized in finding loans for small businesses. P&H Capital was founded by Ismail Humet, while working as a Wall Street analyst, and Shawn Porat, running a recovery judgment at the time and had funded their commercial mortgage company start-up with a mere $4,000. The two positioned with insight on the subprime crisis and the tightening of credit offers, believed they could match the small business lenders while offering alternative financing.
Regardless of the current credit crisis associated with the housing bubble, P&H Capital were still able to close on their loans while specializing in several areas of financing such as, commercial real estate loans, SBA small business loans and equipment loans for both business owners and commercial investors in the $300,000 to $50,000,000 range. It was P&H Capital’s alternative financing that included SBA 7a loans, USDA B and I Loans, SBA 504 loans and Commercial bank Loans, which allowed P&H Capital to flourish in the mortgage industry.
P&H achieved much of their clients due to the frustrations they encountered while working with commercial banks and their red tape bureaucracies, as well as concerned with their local banks not being able to offer the quoted terms or close on their real estate or business loan at all. P&H was able to curb these frustrations and concerns while providing longer fixed periods, amortization schedules, and more aggressive underwriting standards.
On top of the attractive financing options and freedom from
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