What has been missing from our economy in recent years? The answer is quite simple. In a word, what has been missing is GROWTH!
Businesses which offer the following types of products or services to consumers will benefit from the new legislation in proportion to their ability to offer creative financing to their customers through such services as consumer receivables financing (retail installment contract financing):
The above are just a few of the types of businesses which will benefit from the discretionary income that will be generated from the proposed Tax Cut and Jobs Act.
Indeed there will be an abundance of discretionary income generated from the proposed Tax Cut and Jobs Act currently being discussed by both houses of Congress. Under the House bill, the annual GDP per household will be permanently higher by an inflation adjusted $4,098. While under the Senate bill the annual GDP per household will be permanently higher by an inflation adjusted $4,403. After nearly two decades of stagnation in median real incomes, these are significant increases in household incomes. These boosts in household incomes will go a long way toward ending the early 21st-century economic malaise that began after the dot-com boom went bust.
Likewise seeing an increase of 3% GDP from an average of a 2% increase in GDP will result in a monumental impact on our economy. Our historical GDP has been 3%, not 2%. Seeing our GDP increase by just 1% from 2% to 3% is really a functional increase of 50%. Those companies who are positioned to offer sub-prime financing to their customers, while at the same time being able to sell their consumer receivables (retail installment contracts) to generated cash flow, will be well positioned to be competitive in a booming economy.
Companies who sell products and/or services directly to consumers can not only benefit from providing sub-prime financing to their customers; but, they can then sell their consumer contracts and generate capital for growing their business.
Access Funding Center, Inc. provides a consulting service related to the process whereby companies can not only provide financing for their prime as well as their sub-prime customers but can also create much-needed cash flow through the subsequent sale of their retail installment contracts.
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