According to the LA Times, the good times may be back for the vulture lenders. Oh, excuse me. I meant the investors in distressed debt.The economic turmoil caused by the sub-prime meltdown and ensuing (and don't call it a) credit crunch, has led to happier times for those in the "loan to own" industry. They expect to be quite busy for some time to come.
Why?
Stupid businessmen and the stupid bankers who gave them loans they could never realistically expect to pay back, according to one of the distressed debt investors.
Worried about how to identify which lenders are vultures? Read here!
Need help finding the right lender or telling your story the right way? Read "Matchmaking for Business Loans" and give me a call!
Tags : vulture lender , distressed debt , credit crunch , LA Times , business loans , cash flow problems
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