Burns Funding Raises $300,000 in Weeks for Banker Seeking Passive Income Opportunities
Burns Funding, started by Peter J. Burns III, helps entrepreneurs and investors access private capital by leveraging their credit score.
-Peter J. Burns, III
LA JOLLA, CALIFORNIA, USA, Oct. 8, 2022 /EINPresswire.com/ — Burns Funding, the alternative finance company that helps entrepreneurs and investors access private capital by leveraging their credit score, has helped a Midwestern U.S. banker to get $300,000 in a matter of weeks.
Investor Joshua Kobe will now use this capital, with the help of Burns Funding, to invest in passive income opportunities.
“We take great pride in helping entrepreneurs or others obtain timely financing,” Burns said. “After all, these borrowers are generally not looking for money unless there is an opportunity they want to take advantage of immediately, or they need to clear a liability.”
For Kobe, securing capital is the byproduct of discipline and hard work. After suffering a financial setback in his twenties, when his infant son had a rare form of cancer that drove him into bankruptcy, Kobe built his credit score well above 800, a mark that can unlock hundreds of thousands of dollars in the hands of the experienced. underwriting team at Burns Funding.
Kobe, whose son survived through his sacrifice, said he probably wouldn’t even have had the idea if he hadn’t met Peter J. Burns III, the founder of Burns Funding, a year later. early, when he was his personal banker.
“After meeting Peter and reading about his success, I asked for one of his business cards,” Kobe said. I hid this card in a drawer. And then during the summer, I came across the map and reached out. Within weeks, the funds flooded my bank account.
“As a banker, I’ve seen very few models like Peter’s where you get loans based on your creditworthiness and then buy assets that produce passive income, which will pay off the loans. This is an opportunity that changes life.
Kobe prides himself on being conservative and not pushing himself. He once drove the same car until it was 310,000 miles. The 42-year-old is taking the same approach by reviewing the investment opportunity with Burns and company and closing the deal with a contract.
“I did my homework,” Kobe said. “It’s gotten to the point where I’m going to trust, but verify as we go. It’s because I’ve worked so hard for so long to get my credit where it is, and I don’t want to do anything to jeopardize it.
“Look, I’m not looking for Donald Trump’s money. But at the same time, it could change the trajectory of a kid who grew up downtown and had to struggle to get where he is.
About Peter J. Burns III
Based in La Jolla, CA today, Burns III grew up in a well-established New England family in New Canaan, Connecticut. He briefly attended the United States Military Academy Preparatory School at West Point, the University of Virginia (UVa), and finally the Owners and Presidents Management Program at Harvard Business School. While his two younger brothers pursued successful business careers, Burns chose the life of a successful entrepreneur.
Burns launched hundreds of businesses over the next few decades. He then moved to Arizona in the early 2000s and became a pro bono adjunct faculty member at the highly respected Barrett Honors College at Arizona State University. In 2006, he took his teaching practice across town to Grand Canyon University and its entrepreneur-like founder Brent Richardson, where the two launched the nation’s first College of Entrepreneurship at GCU.
In recognition of his work, Burns was honored by the Arizona Chapter of Future Business Leaders of America as Businessman of the Year in 2007.
Shortly after, he launched the Entrepreneur Club to bring entrepreneurs together in an “open source entrepreneurship” platform. The Phoenix Chapter has attracted 10,000 members.
In 2016, Burns moved to the West Coast and started Burns Funding to help entrepreneurs secure hard-to-get financing for their businesses.
Taken as a whole, Burns says all businesses have a “common thread.
“Every business I start represents my desire to help existing and potential entrepreneurs reach their full potential,” Burns said. “Too often they give up for lack of capital. I set out to solve this problem and I will not rest until every entrepreneur who needs money can get it.
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