Friday, February 12, 2010

Need Loans? Create a Need.

Remember Cash for Clunkers?

Beginning in March, the government will begin Cash for Appliances.

Many states will be offering rebates for energy efficient appliance upgrades. Like "Cash for Clunkers," this program will only last as long as the funds do.


Sure, it's not a $300,000 mortgage, but in an environment where every loan dollar is precious, offering customer education on the program and an unsecured $5,000 loan for new, energy efficient appliances now may yield you some incremental loan dollars and a new loan customer in the future when they have additional needs.

Happy lending,
Eric

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