Across four decades of creating and growing businesses in an array of fields, Peter J. Burns III has learned a multitude of facts and lessons about entrepreneurship. Chief among them is that access to cold, hard cash is the essential ingredient to every successful venture. That “gas in the tank” is what propels entrepreneurs past the starting line and onto the figurative track. This understanding fueled an idea that has rapidly evolved over two years and has allowed the innovative Burn$ Funding to help aspiring entrepreneurs and existing businesses to flourish with a capital injection strategy that other funding sources have ignored.
“Money is necessary for starting a business, yet for years, it was a challenge for entrepreneurs to get that money,” Burns said. “Banks are utterly useless to the start-up entrepreneur. Finding an angel investor for a start-up is possible, but it’s highly unlikely for the fledgling entrepreneur. Burn$ Funding was created to provide start-up entrepreneurs and existing small business owners alike with money at attractive rates.”
Burns debuted Burn$ Funding motivated by the mission of spearheading the growth of America’s small and medium-sized businesses. Countless entrepreneurs are watching their business languish, he explained, because they have exhausted traditional funding sources and have no idea where else to turn.
Burn$ Funding is a financial service aggregating company that secures attractive financing on behalf of individuals. One option it offers is revolving primary credit lines, from 6 months to 5 years old, of up to $20,000. The company also provides business owners with three additional innovative programs:
· A bridge loan process that, when paired with the work of reputable credit repair companies, can generate hundreds of thousands of dollars in low-interest funding based on one’s personal credit.
· A partnership with an aggregator of shelf corporations, which are entities that are no longer being used because their assets have been sold, usually through acquisition. When purchased at a cost generally ranging from $2,000 to $4,000, these corporations are viable because they have exemplary credit records. This means the new owner of the corporation can easily secure lines of credit.
· A cost segregation study that is IRS compliant and identifies aspects of property that can be placed on accelerated depreciation life cycles, potentially resulting in huge tax savings for eligible property owners. Cost segregation studies help business owners obtain growth capital by giving people (like friends and family members) access to money to invest they otherwise would not have without the tax benefits.
Burns has started and built more than 150 enterprises over his professional career that began when he started the first moped rental business in America on Nantucket Island when he was a teen-age college student at the University of Virginia’s esteemed McIntire School of Commerce. Among the ventures that followed include the nation’s first college for entrepreneurship at Grand Canyon University in Arizona and a travel company that spawned a partnership with the nation of Vietnam, yielding him a share on revenue of every travel dollar spent and every VISA issued to tourists.
“My experience as an entrepreneur inspired me to build Burn$ Funding,” Burns said. “Over the years, countless people have reached out to tell me about a great business idea they have, but they can’t get the funding. Most of the time, it’s because they don’t have the personal funds and no means to get those funds.
“What we have done at Burns Funding is institutionalized the bridge funding process. We have brought in companies that are willing to make the kind of loans necessary to get substantial relief from the credit problems; or if they are an entrepreneur, meaningful funding for their business,” Burns added. “We have also partnered with some of the country’s most reputable credit repair companies, which gives these lending companies even more piece of mind.”
The roots of Burn$ Funding are traced to Entrepreneur’s Credit Card (www.entcreditcard.com), which Burns introduced in 2016 with business partner Bruce Blechman, the New York Times best-selling author of Guerrilla Financing and Founder of Entrepreneurs Capital Corporation (EEC), a financing advisory firm. They established a concept to provided flexible start-up funding for entrepreneurs through a pre-approved credit card product, allowing applicants with FICO score of 700+ to get $100,000 in unsecured credit for their new business.
Not long after launching the Entrepreneurs Credit Card, Burns discovered that 90 percent of the applicants were turned down because of credit issues. That prompted the founding of Entrepreneur Credit Repair to help individuals who do not qualify make the necessary improvements to their financial situation so they can gain access to capital.
The Entrepreneur’s Credit Card is now one of the array of tools offered by Burn$ Funding. Through the company’s credit repair partners, people in need can take the steps to improve their finances and qualify. Response to Burns Funding has further escalated Burns’ commitment to “doing well by doing good” through his own ventures that deliver a positive impact on society and by helping others accomplish their goal of financial freedom as a business owner. As far as Burns knows, he is the only entrepreneur who provides funding for entrepreneurs.
“I’m not fond of traditional banks. They weren’t supportive when I was a fledgling entrepreneur,” Burns said. “Every other funding company of which I’m aware is staffed by people with a financial background without experience in starting and operating a business.
“I take JFK’s proclamation ‘Of which much is given, much is expected’ to heart. Helping empower people to become independent financially through my mentorship, connections, and resources is my mission of giving back,” Burns said. “This (Burn$ Funding) is the first company to offer a vertical integration approach of repairing credit and providing fresh new debt capital at rates and terms that benefit everyone involved.”
More than five decades have passed, yet Peter J. Burns III vividly remembers the story. The warm childhood memories still evoke a smile, and the experience played a pivotal role in shaping a young boy’s future path while paving opportunities for many others to achieve their dreams.
The oldest of four children, Burns was raised by well-established parents — first in the exclusive Chicago suburb of Barrington Hills, and then in affluent New Canaan, Ct. The family summered on Nantucket Island and wintered at Sanibel Island (Fla.), and when they were home, Burns’ father spent ample time playing golf at a country club. It was there that Peter made his first dollar at the Biltmore Country Club.
“I retrieved golf balls that golfers hit into water hazards and sold them back with a glass of lemonade,” said Burns, who was 6 at the time. “It didn’t take long for my venture to be shut down, but I made $50 that day, compared to my $2 a week allowance.”
“I never forgot that lesson, and it inspires me to this day,” Burns added. “By thinking of an idea, and implementing it, I provided a service that was in demand and was generously rewarded with what I earned. That implanted the concept in my mind that ‘what one can conceive, one can achieve.’”
Life is a series of evolving chapters. For the now 62-year-old Burns, those chapters have featured one constant theme — a thirst for launching and growing business ventures. The serial start-up entrepreneur has started, operated, sold and/or expanded 150-plus companies in an array of industries.
He started the first moped rental business in America as well as the nation’s first college for entrepreneurship as well as a travel company that spawned a partnership with the nation of Vietnam, yielding him a share on revenue of every travel dollar spent and every VISA issued to tourists. These are only a sampling of the aforementioned 150-plus enterprises.
His affection for spearheading new enterprises remains, and it is complemented by a passion for offering funding and guidance to aspiring entrepreneurs in fields as diverse as his own roster of ventures.
Burns first embarked on an endeavor to help aspiring and existing business owners gain access to capital when he created the Entrepreneur’s Credit Card in 2016. Success from that idea sparked one of his newest endeavors — the development of Burns Funding (www.burnsfunding.com), an innovative financial services firm that offers primary credit lines, bridge loans and shelf corporations. Through the company’s credit repair partners, people in need can take the steps to improve their finances and qualify.
“Doing Well by Doing Good”
Response to Burns Funding has further escalated Burns’ commitment to “doing well by doing good” through his own ventures that deliver a positive impact on society and by helping others accomplish their goal of financial freedom as a business owner. As far as Burns knows, he is the only entrepreneur who provides funding for entrepreneurs.
“I’m not fond of traditional banks. They weren’t supportive when I was a fledgling entrepreneur,” Burns said. “Every other funding company of which I’m aware is staffed by people with a financial background without experience in starting and operating a business.
“I’ve lived and breathed the life of an entrepreneur for four decades,” Burns added. “I understand how to raise capital for start-ups and growing businesses, and I’m genuinely passionate about providing guidance so they succeed.”
The Entrepreneurial Chapters Begin
Burns’ personal story of forging a career as a lifelong entrepreneur inspires the fledgling business owners with whom he works.
After serving in the U.S. Army, Burns received an appointment to the United State Military Academy at West Point, attended West Point Prep and gained a four-year Army ROTC scholarship to the University of Virginia. It was there where his first official business was hatched. Burns was freshman at the renowned McIntire School of Commerce, and he enrolled in an “Entrepreneurship” course typically reserved for seniors.
“We are assigned to write a business plan for a real business, and my plan focused on importing mopeds to the U.S. from Europe and renting them to tourists at U.S. resorts,” Burns explained. “When the class was over, I implemented the plan on Nantucket Island and made $55,000 in 10 weeks. That was a substantial sum for a college kid, and my entrepreneurial fire was fueled.”
Unlike his brothers, who he calls “titans” in the entertainment and finance industries, Burns says he has never worked in a “job” where his earnings and freedom are defined and limited. Following his time at the University of Virginia, and the vibrant moped rental business, he started more ventures and graduated from the Harvard Business School’s Owners and Presidents Management Program. At 29, he was the youngest student admitted since Harvard created the program in 1972, a claim he still holds today.
Time after time, Burns has demonstrated a keen eye for creating innovative businesses and partnerships. Some of these ventures have flourished, some have struggled and others have seen modest success. After the moped rental business, Burns started dozens of companies over the next two decades. There was the nation’s first “Dolphin Tour” business using jet boats on guided tours through wild dolphin habitats and the first franchised rental chain of bicycles, mopeds, Harley-Davidsons, exotic cars, water sports equipment among other endeavors.
A New Millennium Brings a New Home and Mission
When the new millennium arrived, Burns relocated to the Phoenix area, brimming with anticipation about his next chapter. A self-made millionaire from his multitude of prosperous enterprises, he accepted a pro bono role as an adjunct faculty member at Arizona State University’s Barrett Honors College. The school — and many universities, for that matter, Burns believed — needed a program exclusively focused on entrepreneurship. Across town, Grand Canyon University’s entrepreneurial-spirited founder Brent Richardson was enticed by Burns’ idea, and the duo spearheaded the country’s first College of Entrepreneurship.
“Arizona State was not interested in a program specifically for entrepreneurs. Brent and Grand Canyon were,” Burns said. “There are multiple layers to becoming a successful entrepreneur, just as there are for becoming a physician, a nurse, an accountant and a professor. I think that entrepreneurship programs and degrees should be commonly found at universities because small businesses, and small business owners, are the backbone of our country and our economy.”
Named Businessperson of the Year by the Arizona chapter of the Future Business Leaders of America, Burns founded the Institute for Entrepreneurship with the intention to license entrepreneurship programs at other colleges, and he started Club Entrepreneur, which was designed to bring entrepreneurs together in an “open source entrepreneurship” platform. The Phoenix chapter grew to 10,000 members. Club E was difficult to monetize, though. Burns opted to embark on his next journey.
“Any serial entrepreneur will tell you that not every business is a home run,” Burns said. “Ultimately, the ventures that have not thrived as expected have taught me as much as the companies that have flourished. I recognized that among my best strengths is connecting the dots and connecting people for profit.”
New Chapters Lead to Ethiopia, La Jolla and Vietnam
Burns opened his book to another new chapter. Prompted by his brother, Burns served as a volunteer for a non-governmental organization in Ethiopia, providing assistance to residents in the impoverished third-world nation. He served for six months in Ethiopia’s capital, Addis Ababa as the NGO’s de facto Entrepreneur-In-Residence.
“As a lifelong entrepreneur, I was amazed at the significant business opportunities that abounded in this newly capitalistic country,” Burns said. “I vowed to return to Ethiopia and start much needed businesses there in numerous fields.”
When he returned to the United States, Burns immersed himself in identifying opportunities to bolster the vitality of Ethiopia. That gave birth to Ethiopian Capital Partners, the world’s first capital fund serving the country of Ethiopia. Ethiopian Capital Partners strives to bring quality medical technology, cancer treatment clinics and dialysis centers as part of its social commitment to improve the quality of medical care in Ethiopia while establishing new medical technology careers and services.
Yearning for a change of scenery, Burns drifted from California to Las Vegas, and then to New Hampshire and the Hamptons. The odyssey generated an idea for a business that monetizes empty time in multi-million dollar vacation villas.
“I was approached by a successful airline travel provider headquartered in San Diego, and he lived in La Jolla. He wanted to partner with me on the idea, and I decided to stay in La Jolla long term after we launched Avia Travel Services,” Burns said.
Avia Travel Services gave Burns access to more than one million hotels and other services in the travel and hospitality industry. In a separate project, he collaborated with HI-TEK Inc., a longtime Vietnamese-American owned technology partner with the nation of Vietnam.
This led to the partnership with the nation of Vietnam, which is how Burns receives a share on revenue of every travel dollar spent and every VISA issued to tourists (www.travel.vn and www.vietnamvisa.com) for 10 years. Stimulated by a deep interest in travel, tourism and real estate, Burns followed that by starting companies centered around luxury villas, luxury charter air travel and even a charter air travel business for people and their pets.
“I remain inspired to create by observing problems or non-apparent relationships between seemingly unrelated components that, when joined, create profit,” Burns said. “All my life, I’ve had an uncanny ability to recognize patterns and opportunities that of which no one else is aware. It’s my nature to act rather than just talk about it.”
Burn$ Funding is a prime example of his initiative. Burns is not the first person to think of the idea to use a bridge loan to reduce credit card debt and gain a higher credit score. Yet the premise is generally attributed to shady companies charging exorbitant rates with the intention of making money off hard-working consumers. Motivated by the dozens of daily requests for financial help from existing aspiring business owners, Burns developed a platform where consumers struggling with credit card debt and small business owners eager for capital can unlock more money at better rates.
Identify a Problem, Implement a Solution
Entrepreneurs Credit Card and Entrepreneur Credit Repair led to the idea for Burn$ Funding, and all three ventures illustrate Burns’ commitment to creating profitable ventures that have a lasting positive affect on people.
“Fortunately, I have a particularly good skill set of recognizing opportunities early in the process and being able to fund almost any enterprise with creative financing techniques I’ve learned over my career,” Burns said. “This (Burn$ Funding) is the first company to offer a vertical integration approach of repairing credit and providing fresh new debt capital at rates and terms that benefit everyone involved.”
The mind of a serial entrepreneur is always percolating with an interest in creating new enterprises. Moved by a commitment to help owners of luxury villas reap tax mitigation benefits while benefitting charitable organizations, he crafted a cost segregation program (www.hlcostseg.com). His facilitation of BurnS Funding has resulted in forays that include a company that helps “vetrepreneurs” transition from the military and into business ownership, and a business that funds and develops the careers of talented independent musicians and artists.
He is currently exploring a project that will seem outlandish to some, but to Burns, it represents the chance to offer a solution to a problem, help people and earn a profit. Shark attacks in beach towns that rely heavily on tourism represents millions of dollars in lost revenue. Multiple reports in recent months have shown that Orca whales are a predator to sharks, and sharks leave any area occupied by the Orcas, which are not a threat to humans. Why not form a venture where captive Orcas can be saved and humanely relocated to areas prone to shark attacks?
“I spent a lot of time on Nantucket Island and Martha’s Vineyard as a child, and shark incidents there is what inspired the book and the movie, ‘Jaws.’” Burns said. “It would be a beneficial venture to purchase Orcas that are in captivity and have them moved to your beachfront community since they do not harm humans, and end the shark problem. What a perfect example of finding a problem, implementing a solution and making a difference for humankind.”
Note: Previously published by Peter J. Burns III on Medium (2019)
I’m a “tried and true” start-up entrepreneur with 150 business ventures under my belt (www.peterjburns3.com). Over the last 4 decades, I’ve had hundreds of employees and while sometimes they are even effective…I’d take a whip-smart intern over a “cubicle-dwelling wage slave” any day of the week. The challenge has been in finding these accomplished, eager and dedicated young men and women that enjoy the “Art of the Start-Up” and my rather unorthodox style of hands-off management.
Quite by chance, I stumbled upon a very professionally administered Internship Program at one of the local San Diego-based universities that has since delivered a very talented young intern with a second joining me as soon as tomorrow. There aren’t many in the Cohort and up to 75 local businesses vie for these top International Interns (most with Masters and Doctorates) but from what I’ve experienced so far…I’d take them all, if I could.
See this nice “Reach Out” by the Program Director to her Cohort below:
Internships — Peter Burns
Wed, Feb 13, 4:59 PM (5 days ago)
Hope you are doing well!
I just wanted to let you know that Peter Burns still has openings for interns, working at the local Giostar co-working space, located by UTC. He has an assortment of projects related to alternative energy, stem cell research, travel, cosmetics etc… This list of opportunities continues to grow. He will customize the internship projects to meet your internship objectives.
We currently have one of our students interning with him right now. She just submitted her mid-quarter report and she thoroughly enjoys working with him. She likes being included in the deal-making strategic planning meetings and has learned a lot. According to her — “Peter is very helpful for students who plan to be an entrepreneur. He is willing to teach students how to help develop their new business ideas.” If you are interested in applying, email your resume and cover letter to Peter Burns (copied).
Please let me know if you have any questions. Have a great evening!
Program Manager | Business Programs for International Students
UC San Diego Extension
At any one time, I maintain 6–10 active businesses and realistically launch a new 1 or 2 every few weeks. There is a large and growing list of perfectly viable ideas that are added to my Future Projects TAB on my site, www.peterjburns3.com. What I need besides traditional interns to undertake projects for my existing ventures, are actual Project Managers to oversee and operate the fledgling business ventures that, once ready to launch the prototype, will receive my funding from the resources described below:
So….consider this a reach-out to all those able-bodied and ambitious students wanting actual experience with a “pureblood” entrepreneur who will mentor and guide you in the realm of entrepreneurship like no other. Likewise, all of you “wannapreneurs” out there, cursed by the words of abject failure “Woulda, Shoulda, Coulda”….give it a shot and come join me in my “Adventures in Capitalism.”
Last Friday was like the proverbial “visitation from hell.” I made the naive mistake of thinking that I could actually have my own cash easily transferred from one place (Arizona) to another (California). Foolish me.
With the ever-increasing advent of security breaches and the accompanying banking laws which are ever more draconian…the ability to conduct actual and seamless commerce is being hamstrung…even in the World’s last bastion of capitalism…the United States of America.
So, I had a relatively modest cash payment (few thousand) due me from a colleague in Arizona that I assumed could be transferred to me and in an immediately accessible format (cash). Well…was I sure wrong on that one! I had flashbacks to the time I showed up for duty as the de facto Entrepreneur-In-Residence at an Ethiopian-based NGO with a bunch of cash for the 6 month duration, back in 2013. To my chagrin, I came to realize that money transfers, including Western Union…only work one way….into Ethiopia (www.expatrepreneur.us)…and are not transferable out. I started to feel the exact same way on Friday as I explored one method after another trying to get at my cash.
First lesson learned is that cash may NOT be deposited into another’s bank account. Then, I learned that while Cashier’s Checks could be deposited into my account, the bank would actually put a “hold” on the Cashier’s Check for a day or two, weekends not counted and since there is a bank holiday this coming Monday…I would likely not get my actual cash in my hands until next Wednesday or so.
I examined such transfer services as Cash.me, Plastiq.com and even that “old faithful” Western Union but I was loath to pay 3% to 5% or more in “fees.” It might not sound like much but my Scottish ancestry precludes me from just wasting money. That being said, my really, really bright Arizona colleague and I had a brainstorming session and we chanced upon a likely solution….
I would open up a new bank account at a branch of my friend’s own National Bank. Then, we would do an “account to account” transfer at zero cost to either of us. I would simply remove my awaited cash at the bank branch or take it out with my newly issued (to be) temporary ATM Card. Simple? Not so much…
Have any of you tried to open up a new checking account lately? Well, I haven’t for years and the process and paperwork had an eerie resemblance to buying a new home and executing those endless mortgage and note forms at the escrow company’s closing session. One hour later I had an account…and my money. Just what I needed…another bank and checking account. NOT!
I am a “Business Problem/Challenge Solver” and I started putting my very unusual brain to work. Since I’ve been or am currently involved with so many ventures (at least a half a dozen seemingly unrelated ventures simultaneously)…I quickly came up with one perfect solution to my little dilemma of moving cash. It came about from a brilliant new vertical of my Vietnamese Travel Project. (see link below)
One of this Project’s verticals involves the game-changing “Travel Token,” a way for anyone (including the unbanked) to pay for their travel needs seamlessly, immediately and with only a minimal cost. This revolutionary product comes intact with a “funds transfer” component which in itself, will completely replace those painfully onerous and expensive funds transfer services. All is KYC-protected and “bullet proof” (my Vietnamese partners provide Cybersecurity for the Country of Vietnam) and each party simply receives an eWallet…completely free. Funds are added and distributed between parties with a modest .05% fee is earned by my Vietnamese Partners. The transfer is instantaneous and the fiat can be repatrioted in any number of simple ways. (see link below)
I have been working 1 1/2 years with the Vietnamese and the travel booking engine (1 million hotels with significantly discounted pricing, complete with airfare) is complete. The integration of the “Travel Token” as a form of payment with the booking engine is about to be launched. The eWallet and money transfer system is in place. It is now my intention to “solve” the issue described with an easy and inexpensive funds transfer….and once more, I am hoping to solve a challenge and make a significant profit through a “game-changing” technology.
It is the remaining 20% that is the “Unique Differentiator”….and for that one needs to pick the “best in class” to complete the picture. That’s really what I am most skilled at doing…picking the “best in class.” It really doesn’t matter what the industry is to me…if there is profit in it and the project interests me…I will take the shot.
Today’s “Project” is in the insurance field. I was approached on Linked In (where else? lol) by a fledgling insurance agent for a very fast growing insurance company. Their model was to recruit agents, first as part-timers and then to build their base of clients to move them into full-timers… earning residual income from their own “recruits” as well from the premiums derived from their client base.
There was a well-researched and executed Affiliate Program in the insurance field…an industry that has been plagued with stagnation…until now. This insurance company had generated over 10,000 Independent Agents in the past several years, earning the founder tens of millions in net worth and setting the foundation for their ambitious goal of reaching 500,000 Agents by 2029. The unique piece that caught my eye was their focus of embracing the industrious Immigrant Populations..which the founder, himself was a member off. The “American Success Story” was exemplified by targeting Immigrant Populations and offering them a chance to better their financial lives through becoming licensed Insurance Agents.
I invited the nice woman, who was ambitious but struggling in her new role as a fledgling Agent for this aggressive and successful Insurance Brokerage. Her “past life,” first as a “suit” in the traditional Corporate environment, until she was unceremoniously downsized led to her employment at half her former salary as a Social Worker. This tenure was short-lived and not nearly as rewarding, especially on a personal level, as she had high hopes of “doing good,” even if it wasn’t financially rewarding.
We met over coffee across from the Ocean where I lived in Southern California. I took in her “story,” offering parts of my own in the effort to see how our goals might be aligned so that I could practice my mantra of “doing well by doing good.” We came to some initial conclusions that there was indeed something there to build upon. She reached back a couple of days later suggesting that I meet with her again and be joined by her Direct Supervisor, a whip-smart young 30-something from the entertainment field. He had ditched all (and the commensurate high income) to be off on his own now inside this very successful insurance venture.
The three of us met over coffee at my new home town yesterday and we explored a number of initiatives that might find a “home” with their company as a “value added” proposition. It was obvious to me how having access to 10,000 Independent Agents, who may well have need of my unsecured funding and credit repair offerings (www.burnsfunding.com) would be of interest. Likewise, my own state-of-the art targeted lead generation program, perfectly suited for financial services as well as insurance companies, could have great benefit in both client acquisition for writing policies as well as for developing a steady stream of suitable affiliate candidates.
As is the usual case of my instinctive and accelerated “learning curve,” as well as the fact that I was an accomplished chess player since the age of 9…I already envisioned the “end game” of this new association. The challenge would be in dealing with the “suits” and the “authorities” present in any large organization, especially in as regulated an industry as insurance..which likely would involve the “red tape” and compliance issues that would inevitably work against a timely and workable solution between us unless…
Actually, the lady Agent offered the idea to me, which I glommed on to immediately and we just left our third meeting together minutes ago. She would willingly be my “beta test,” proving that with my help, resources and ingenuity, I could scale her own efforts to reach her immediate goals of reaching the next level in the insurance company’s “hierarchy.” This would both establish herself as a successful insurance professional and prove the model for replication within the Company…when they could finally catch up with my rapid pace. As I’ve always said..”I’d rather ask for forgiveness than permission.” lol
So…I already put into motion my plan of action of assisting this fledgling Agent to support her efforts in reaching her goals while paving the way for achieving my own goals in this completely new (to me) field of insurance. In my eyes, this is simply another “Project,” with a potentially huge upside as well as the opportunity to help someone earn her slice of the “American Pie.”
Since I am already heavily vested in the Immigrant Population of the Vietnamese-Americans through one of my bigger “Projects,” (see link below) and have an extension of both my funding project and Immigrant Populations linkage (see blog link below)
….it stands to reason (at least to me, lol) that with the help of my new Agent friend and the cooperation of those in her immediate circle in the insurance business, I can successfully “prove the model” with her and offer the chance to successfully replicate same throughout her very quickly growing Insurance Company Parent.
In my mind, it is certainly worth my effort here and it proves my axiom once again…”All Businesses are 80% The Same.”
Actually, “Today’s” Start-Up is simply an aggregation of the tools, connections and practices that I’ve been utilizing for over 4 decades…first for my own ventures and in the past 10 years or so, for others needing capital. As I’ve mentioned in past blogs, I’m most adept at “debt funding,” as raising equity is really most suitable through Investment Banker-types and Angels. To that point, I’ve just launched my own version of a “One-Stop-Shop” of debt funding for the individuals starting in business and even those simply in need of debt consolidation at 0% loans. My Program offers many tools and debt capital resources to existing and start-up businesses and even provides a “white label” solution to businesses seeking to offer funding to their own client base to stimulate additional sales…with our money. (Please click on link below)
Even as an accomplished entrepreneur with 150 start-ups under my belt (see www.peterjburns3.com) I can often get bewildered by the sheer volume of solicitations from so many so-called financing resources out there. I’ve “culled the heard” and only do business with the actual owners (fellow entrepreneurs all) in three of the most credible and successful debt capital resources. Combined, these funders do hundreds of millions of dollars in unsecured debt funding annually. And they are still small enough to take my call. lol
Other providers of credit repair, credit enhancement (Primary Trade Lines), seasoned shelf corporations and even a 48-hour “Rapid Rescoring” have been vetted and are part of my own “One-Stop-Shop” Program. I even have my own significant credit line to offer Bridge Loans to over-stretched credit card debtors to lower their balances on their old high-interest lines in order to qualify for our 0% interest (12–21 months) at greater amounts of “fresh” capital.
While I am currently involved in many new and existing ventures like Stem (Adult) Cell Cosmetics Manufacturing, Cost Segregation Study Marketing, the Entrepreneur Credit Card, Cannabis Banking Services, Cryptocurrency Rig Financing and Insurance and a myriad of others…the fact remains that “Money” is my main business.
Please visit our new site of Burn$ Funding (www.burnsfunding.com) and let’s see if we can help you with your capital needs.
Does anyone remember the old ESSO (predecessor to EXXON) ad campaign depicted in the picture above? Some of the advertising slogans from days long ago remain firmly entrenched in our consciousness and I thought it was an appropriate symbol for my Blog today…
Below it a recent Post that shares the “quick and dirty” of my messaging:
Below is a Blog I recently did regarding the expansion of capital raising (debt) in the US for the purpose of helping eligible US-based immigrant populations to assist their friends and family in the businesses back home:
Now, I’d like to try and tie it all together in here for those existing businesses, start-ups and “wannapreneurs” out there…
Access to affordable (debt) capital is my forte. As a young entrepreneur (a long, long time ago, lol) I had to “invent” all sorts of ways to fund my business dreams because traditional bank loans and outside equity infusions for my ventures were a mere “pipe dram.” As a result, I got pretty darn good at raising money from unconventional resources. Only a couple of years ago an old investment banker friend introduced me to a unique unsecured debt capital resource that I fashioned into the Entrepreneur Credit Card (www.entcreditcard.com/imagine) and through the Forum of Linked In Blogs and Posts, I managed to fund many business ventures for my readers to the tune of millions of dollars.
I expanded that “reach” to assist those whose credit requests were declined (too much existing debt, “bumps” on their credit reports, etc.) by enlisting a credit repair/enhancement service to get these would-be borrowers back “into the game” by cleaning up their credit and even bridging them with short term loans to pay down their credit card balances to acceptable ratios.
I used a couple of debt capital providers to fund those coming to me for money. One was the actual provider who “invented” the capital structure and infrastructure that is the foundation of my Entrepreneur Credit Card (www.entcreditcard.com/imagine). This funder requires “A” credit of 700 FICO scores, so those that are “credit challenged” are out of luck with this provider. Their innovative FinTech product has funded $500 million in the first two years of offering this product.
The second provider specializes in “B,” “C,” and “D” paper, offering extensive credit repair services and then installment debt options for clients that I refer to them. In their 14 years in business, they have provided $1 Billion in debt capital to thousands of clients and repaired the credit of 35,000 customers.
Recently, I was approached through Linked In with one of the principals of a 2 year-old start-up in the same financing field…with $200 million in business generated already. The 4 principals of this company were young and ambitious and after spending much time chatting with them and testing out their array of products, (several unique and proprietary) I decided to make a significant equity investment in their fledgling company.
As I mentioned, I’m approached every day with requests for capital, joint venture opportunities etc. This has been going on for years and in servicing these requests, I’ve made a large number of connections in the Consumer Financing vertical and learned many “tricks of the trade.” In the past several weeks alone, I have lined up two $100 million in annual lending clients that I can bring to the table of my latest partner-to-be and while I currently do earn my healthy commissions for new business I generate for them…I conjectured that in this case, I really can “have my cake and eat it too” by becoming an equity investor in the parent.
Access to the inner workings of a consumer financing company has also manifested in additional and powerful new opportunities. For instance, I learned of the exceptional profits that can be generated through a “bridge financing” element to pay down client credit card balances to gain approval for fresh capital from the lending resource. It is complicated with all sorts of legal restrictions and the bridge lender must be “firewalled” from the consumer lending company so I am starting my own bridge lending company and offering my services not only to the new consumer lender I intend to join as a principal but I am also offering these bridge ending services to my two large existing credit providers. I’m lining up all the legal “gobbleygook,” agreements with my Direct Lender resource for my line of credit and processes of implementation as we speak.
In my search for creating the “perfect storm” of debt capital resources, I’ve added two more little-known resources for the consumer, which I will also offer: a 48 hour “Rapid Rescoring” option and the “renting” of Primary Trade Lines for the applicant. The “Rapid Rescoring” allows for the credit profiles to reflect the bridge loan pay downs and repair to the consumer’s credit to be posted on all 3 Bureaus in only 48 hours instead of the traditional waiting for the next reporting cycle of 30 days or more….which greatly accelerates the funding process. The “renting” of Primary Trade Lines positively accentuates one’s credit profile and is done in a totally legal and acceptable methodology.
The end result is that I have cobbled together three very significant offerings (bridge lending, Rapid Rescoring and Primary Trade Lines) with my access to three of the largest consumer credit grantors in the country…managing to create the greatest possible consumer lending platform for the individual and business borrower available. When you couple these combined benefits with the tried and true 4-decade-old entrepreneurial experience that I have under my belt (www.peterjburns3.com)…there truly is no one more qualified to assist any and all borrowers to let me “Put a Tiger in Your Tank.”
For those of you out there that need access to immediate real estate acquisition, refurbishing and “fix ‘n flip” capital at short term (12–18 months) at “affordable hard money rates”…one of my lenders has offered me access to $1 Billion in readily available funding for my real estate clients. Reach out directly to me at email@example.com for this financing.
Yet another recent article, this time about my “for hire” work:
“After 43 years in the industry, Peter J Burns III has a rather impressive repertoire of business under his belt. Since entering the entrepreneurial space, Burns has launched over 150 business and with experience and expertise on his side, it appears as though he won’t be stopping anytime soon.
As a “serial-entrepreneur” Burns has covered the spectrum in terms of possible entrepreneurial undertakings, working in cryptocurrency, cannabis, and most recently, travel. His vast knowledge of the space has inspired him to give back, but not in the traditional tax write off type of way. Burns is giving back to the entrepreneurial community by acting as a “hired gun”. This savvy businessman is looking to partner with start-up companies, and established ventures alike, doing contractual or project work.
Along with his know-how, Burns brings more to the table with over 40,000 personal contacts. His contacts range from those in high ranking government positions, to the Harvard Business School and everything in between. Burns’ two siblings also hold their own in their respective Entertainment and Finance industries.
It is for this reason that Burns is looking for cream-of-the-crop clientele, those with established business models who seek fine tuning to maximize efficiency and profitability, or those who are still in the beginning stages and need assistance with financing and planning. Regardless of where you’re at in this stage of the game, Burns provides an unparalleled level of assistance and connections that will assuredly help you to prosper in the dog-eat-dog world of entrepreneurship.
If you’d like to work with Peter, you can contact him via his website: