Why SSF$

How and Why Silver State Funding Services was Formed?


Who am I and why should you work with my organization. This is a question you should ask anyone before entering into a business agreement.

First of all I am a business owner like you. I am not an employee of a business credit building company, a salesman sent to the mythical or untrained “coaching department” because I couldn’t sell the business credit product.

How was I introduced to this industry? Before I started my business as a full time venture, I was working for the number one Credit Building Company in the industry. I started in their sales department. My background was sales of insurance products and retirement plans to business owners. I had already written a business plan and began certification process to enter into the world of Alternative Financing. I was working in my business part-time with plans to go full time when I could raise the capital to do so.

Since I was selling a credit building program and believed the hype at the time, I went through the credit building program for my start up business and found it to be helpful………somewhat.

After 6 months of selling the product very successfully, I asked to be placed in the coaching department considering my background, knowledge and experience. When I arrived I found the people who were already working as “business coaches” to be extremely unqualified. Most were ex-salesman that couldn’t sell and others were “low pay types” hired that knew absolutely nothing about business, business credit, funding or anything else relevant to a business owner. All they knew was what their “boss” told them. They followed a step-by-step list for everyone that paid $3,000 for the privilege. Clients in the program were leaving the building of their business credit foundation to amateurs unwittingly.

After a little over a year and hours of personal study I became Manager of Business Credit for this company. I learned a lot about business credit working with clients, the business bureaus and vendors. I now know it is absolutely essential to go through compliance, build a business image; register with the bureaus and to open up trade credit lines. Every business should establish this credit foundation which will help down the road to obtain cash lines of credit and help immediately with cash flow.

What all these credit building companies fail to tell you is the amount of “cash” you will receive. Almost always the amount is zero ($0). They all lead you to believe you will obtain $150,000, $250,000 and more in Corporate Credit without utilizing any personal credit or signatures. Is this even possible? I am here to tell you “yes it is”. But it is just that….corporate credit, no cash credit. And it will take a long time to obtain that much corporate credit. Trade credit, corporate credit and vendor credit are not cash. Corporate Credit is vendor and trade line credit only. No cash money. At the end of the program the company I worked for would give you a list of local bankers and phone numbers and wish you the best of luck. I am not joking. That was it for help finding you funding which by the way was promised as part of the program! I was fed up with this mis-representation of what the program could do. A year and a half after starting, and after careful planning, I left to start my own business full time.

I entered the world of Alternative Finance which I had been studying for and planning for years. This is obtaining capital for business owners that could not obtain capital from traditional lenders like banks and credit unions. According to the SBA, this is 92% of all business owners. There are numerous criteria a lending institution utilizes in making a positive funding decision. Some of them include length of time in business, business profitability, business cash flow, business assets, industry type, owners experience in the industry and many more.

To get a positive loan application decision your business must be properly prepared. The information on your loan application must answer this deciding question: Can this business make these new loan payments comfortably and will the loan strengthen the business? Most credit applications applied for with banks will be turned down.

My company was going strong, helping business owners obtain cash for their businesses. But as I worked with business owners to obtain capital for them through alternative financing, I found if the business owner didn’t change his ways, he would not be ready for traditional funding next time they needed a cash infusion. Business owners need both cash now to help their business grow, and build business credit to prepare for future funding needs. They need to become bankable. They need to establish business credit and build a solid business credit foundation.

I had an idea. Why not incorporate my alternative financing and traditional financing with building corporate credit for clients? Let’s not only help acquire business credit but cash credit as well! That is what everybody really wants and needs! But I had a problem. There were only two of us working in my alternative financing business and we could not bear the load of business credit clients too!

So instead of re-inventing the wheel I went back to the credit building company I worked for. I came armed with my alternative funding lenders and traditional lenders I had been using for years and a solid new program. Real contacts and real lenders that I had been using successfully with my clients. I approached the owner with my plan. Much to my surprise, he had no interest at all in actually helping clients get cash credit. He told me they were not setup to do funding and did not want to change. So I moved on.

I approached other major players in the industry. I was met with the same reaction. These guys really did not care about helping clients receive cash. They focused only on vendor credit. Their sales pitch however would lead you to believe cash money was a large part of the equation. It is not! I did however catch the interest of the biggest competitor of the company I originally worked for. After meeting with the owner, President and his staff, I was hired and became the Director of Business Credit and Funding. My protégé took over the day to day operations of the alternative finance company and we hired a replacement for me. I was excited to implement this program to help entrepreneurs find capital.

I was allowed to incorporate real cash credit lenders and alternative financing lenders as part of their existing programs, but only after business credit was obtained. The time-frame was usually 4-6 months into the program. I worked in this capacity for 8 months. When it came time to help clients obtain real cash money as part of their $3,000 program, and the company witnessed I was really able to produce cash credit, the company changed their strategy fast! They got greedy.

Moving forward they wanted to have every client sign an agreement to pay 7% of whatever cash funds obtained. Clients were quite upset. They thought that was part of the original $3,000 business credit program they purchased. That’s what they were lead to believe in the “sales pitch”. In one instance I obtained a $200,000 SBA loan for a client who owned a restaurant. The company wanted $14,000 on top of the $3,000 he already paid. He was not happy but did pay it. I too was not happy. I was able to implement lenders into their programs to make it a complete package and they got greedy on me. I thought the $3,000 paid was a value, but adding 7% on the backend was not! Are we a credit building program or loan broker?

Clients were unaware of the 7% fee until the time to obtain cash credit was sought after. These greedy bastards wanted 7% of all cash lines obtained. I had a client obtain $165,000 in business credit cards through our program and they wanted him to fork over $11,550, he refused. The clients were fed up and I was disillusioned. I made my thoughts known to management. Not surprisingly I was “laid off” two weeks later. The company cited a lack of sales and a business downturn. No one else was laid off to my knowledge for lack of sales. Of course they had access to my lenders and a fully developed program I brought to help client’s a-z find credit and financing. Now that company has reverted back to doing solely business credit. Why?

What they found was I was the one that had the relationships with the funders. I was the one that knew how to work with them, what their guidelines are, how they wanted clients presented to them, what paperwork was needed. The funding sources stopped working with this company because they were charging upfront fees, backend fees AND guaranteeing people money. How could they guarantee money if they were not the actual lenders? These actions caused the funding sources great agony and problems with all the referrals and unnecessary liability due to false claims. Now that company is back to selling only business credit yet still leading people to believe cash credit is part of their program. It is not. Most of the credit building companies online are the same.

I brought the same ideas and programs to yet another competitor. This was a small player in the industry and was excited to have my knowledge and experience with lenders. I was immediately hired as Director of Business Credit and Funding. When I arrived this company was selling business credit and had ABSOLUTELY NO BACK END FULLFILLMENT. You heard me right. What they sold you was air. I came to find out other firms in the industry were doing the very same thing. Buyer beware!

Selling a business credit builder program with no intention of ever doing anything for the client. Total rip off artists.  Yes they are all over the internet.
Well I implemented a real business credit and funding program and guess what happened? That’s right; after much success greed reared its ugly head again. But these guys wanted clients to pay $5997 upfront to build business credit and get 10% on the backend. I left them on my own after 5 months.

I found that a lot of these credit builder companies were a sham, most all were greedy and only cared about saying whatever it took to get your $3,000+ dollars. A few of these firms are legitimate and will obtain vendor credit for you but cash…….no way! They have no one on staff that could help even if they cared too.

As I said before I believe it is absolutely essential to go through compliance, build a business image; register with the bureaus and to open up trade credit lines. Every business should establish this credit foundation which will help down the road to obtain cash lines of credit and help immediately with cash flow. I strongly recommend all business owners to do this. But most business owners need cash too!

I am now back at my firm providing alternative financing for businesses full time. While I was with these credit building companies, the alternative financing business had grown 400% due to the lack of bank financing. I have since added SBA Loans to our business model after going through an SBA Certified Consultant program. After much planning and preparation I created a new company, it’s a subsidiary of the alternative financing company, Crown Financial Services Inc. The new company includes building business credit, establishing a solid credit foundation along with obtaining capital.
We are today doing business as Silver State Funding Services.

Here is how our program works. Before you pay a penny, we conduct an absolutely FREE business credit analysis on your company. We analyze your situation and then provide you with an overview showing you exactly what kind of credit and financing you would be eligible for…….. before you pay, not after you pay like our competitors. And no I do not tell everyone they are going to get funded. But if I feel you can not get funding, I provide you with steps you can take to become “bankable”. All this for FREE!

None of our competitors would ever think about doing something for FREE. They are much too greedy! They need to get your money upfront because they are not willing to tell those that can not be funded the truth. They collect their fee and you the business owner will find that your credit profile may be built, but no cash is on the way! You were mis-lead from the beginning. Don’t do it. There is a better way.

Silver State Funding Services will provide you with a FREE business credit analysis and supply you with a written overview that provides constructive feedback as to what you can do in the future to obtain the funding you are looking for. And for those of you that can be funded, we provide you with a FREE business credit analysis, supply you with a written overview and take you to our funding sources that will fund you. Find out upfront before paying a penny what kind of financing you’ll receive!

Background on the Leadership Behind Silver State Funding Services

Dan Ollman is President of Crown Financial Services, Inc., a Las Vegas based alternative financing company. Crown Financial Services specializes in helping non-bankable business owners obtain working capital and provide business consulting services. Under Mr. Ollmans leadership, revenues of this organization have grown over 400% .
Mr. Ollman also serves as CEO of  Silver State Funding Services, a subsidiary of Crown Financial Services, Inc. Silver State Funding Services main focus is building a solid credit profile and credit score for small business owners and obtaining “no social security number” type credit cards in the business name. Silver State Funding Services can also assist small business owners with obtaining larger cash lines of credit specializing in Alternative Financing options through Crown Financial Services, Inc.

Mr. Ollman graduated from Arizona State University in 1978 with a Bachelor degree in Electronic Engineering and a minor in Business Management. He began his career in the IT/Computer industry where he quickly advanced into management. He held the positions of Sales Manager, Director of Operations, and National Field Service Manager. Making the move into the financial services and alternative financing industries in 1993, Dan started in Sales Management and held positions of Director, Executive Vice President and President.

Mr. Ollman became licensed to sell Life & Health Insurance to small business owners in 1993. In 1995 he obtained his series 7 & 63 securities licenses in the State of Nevada. He earned his credentials as a Certified Cash Flow Consultant (CCFC) in 2004 from the American Cash Flow Association. The American Cash Flow Association serves the Alternative Finance Industry. Mr. Ollman currently holds the position of President of the Las Vegas Chapter of the American Cash Flow Association.

Most recently, in 2009, Mr. Ollman completed training to become a Certified SBA Loan Consultant and a member of NAGGLE (The National Association of Government Guaranteed Lenders).

Mr. Ollman has served on the board of many local charity organizations including the Las Vegas Parrot Head Club, the Nevada Chili Boosters, the Special Olympics and the March of Dimes.

Crown Financial Services/Silver State Funding Services is a member of the Las Vegas Chamber of Commerce, Better Business Bureau of Southern Nevada, American Cash Flow Association, the National Association of Government Guaranteed Lenders and the National Restaurant Association.

Go to our FREE business credit analysis page and fill out the form today! As soon as we evaluate your analysis, we will provide you with a written analysis overview and call you to review it.