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December 2021- Resources and Knowledge for the Small Business CEO
BURNS FUNDING BINDS TOGETHER A BUSINESS OFFERING THAT PRODUCES PASSIVE INCOME STREAMS!
December ‘21 - Your top news on small business
Burns Funding Binds Together a Business Offering that Produces Passive Income Streams and 'Creates Residual Wealth’
October 2021 - EIN Presswire
Burns Funding Invites Creditworthy Individuals to Participate in Its Brokerage Program!
September 2021 - EIN Presswire
Peter J. Burns III Invited to Speak at 'Family Office Trends for 2021 and Beyond' Conference
August 2021 - EIN Presswire
Millennial Queenmaker ‘Kickstarts’ the Performing Career of Valerie Grace Vadas
August 2021 - EIN Presswire
July 2021 - Forbes Councils
Peter Burns
January 2021 - EIN Presswire
August 2020 - The National Business Post
July 2020 - The Observer & EIN Presswire
April 2020:
February 2020:
January 2020:
EIN Press Wire: “Leading Law Firm in Opioid Litigation Enlists Burns Marketing for Business Development“ (Jan 7)
December 2019 press:
EIN News Desk: “Burns Funding Offers Innovative 60-Day Credit Building Service, Unlocking Capital for Entrepreneurs and Business Owners“ (Dec. 2019)
EIN News Desk: “Burns Funding Acquires the Exclusive Rights to Market and Sell Nearly 150 medspa810 Franchises in California“ (Dec. 2019)
EIN News Desk: “Peter J.Burns III is Singled Out as Entrepreneurship Expert on National Radio“ (Dec. 2019)
Burns Funding blog: “Exploring the Difference Between a Serial Entrepreneur and Serial Start-up Entrepreneur“ (Dec. 2019)
October 2019
September 2019
August 2019
EIN PressWire: “Burn$ Funding Introduces New Division to Help Entrepreneurs Raise Capital by Applying an Underutilized Tax Law“ (Aug. 2019)
Peter J. Burns III Linkedin (blog): “My Very First “Unicorn-in-the Making!““ (Aug. 2019)
KevinMD: “Haven’t thought about investing in group homes? You should.“ (Aug. 2019)
July 2019
Serial Start-up Entrepreneur Finds Niche in the Credit Repair Industry
Peter J. Burns III thinks of new business ideas like other people think about their next meal. The ideas are that frequent. The challenge for Burns has always been sifting through the many ideas and building out the good ones. There are only so many hours in the day, even for Burns, who rarely sleeps. Burns, who by his own count has started, run, sold and/or expanded between 100-150 individual businesses in dozens of fields, believes he recently found a good one by connecting the dots in a very fragmented industry. The company, Burns Funding, is near and dear to Burns’ heart. “As any serial entrepreneur will tell you, not every business is a home run,” said Burns. “Some fail through no fault of the entrepreneur, leaving the small business owners in debt, and their credit score plummeting.
“The same is true of regular people, who suffer a run of bad luck, or perhaps were overly optimistic about their financial future. Again, I’ve been there.” What Burns has done is as follows: Let’s say John Doe has $50,000 in high interest credit card debt and credit score around 600. Doe is struggling to make ends meet because of the monthly payments. Doe goes to a credit repair service and asks for their help. Some credit repair services will clean up some of the incorrect reporting and resolve other issues. Others will do that, and they have an individual at their disposal, who is willing to loan money to the applicant, a bridge loan, so he can pay down debt. This would reduce Doe’s all-important Credit Utilization Ratio (CUR), which is a key measuring stick for a credit score, down to 45 percent. This will provide a sufficient bump in the credit score for Doe to obtain low interest debt and pay off the credit card debt, thus reducing the monthly payment associated with credit card interest.
Where Burns has come in is by connecting with multiple financial institutions that are willing to make a bridge loan at a lower interest rate than the individuals. In addition, he has hammered out an agreement with the institutions, where they will go far below the 45 percent CUR to 30 percent or lower. This means Doe is able to pay off more of the high-interest debt, further increasing his credit score and qualifying him for a greater amount of low-interest money. Thus, Doe ends up paying less each month in interest.
Why hasn’t anyone else in the industry done this?
“The main reason is the industry is highly fragmented,” said Darrell Hornbacher, President of Midas-Financial, which is the largest credit repair company in Arizona and has 35,000 credit score restorations to its credit. “This industry has been growing so fast that we all have our hands full servicing new customers. No one is incentivized to move up or down the food chain and create a dynamic marketplace. What Peter Burns is doing, in many ways, is the missing link, creating winners out of everyone in the process. Peter certainly wins, the financial institutions win, and we win. Most importantly, the customer wins because they are paying substantially less in interest each month.”
Burns, for his part, does not fancy himself as a White Knight. Rather he is a capitalist, whose experience as a serial entrepreneur has helped him spot opportunities. “Since founding my first company as a teenager, I have found that my expertise lies primarily in the establishing and growing of niche market businesses in fragmented industries … of any kind,” said Burns. “Fortunately, I have a particularly good skill set of recognizing opportunities early on in the process and being able to fund almost any enterprise with creative financing techniques I’ve learned over my career. “This 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,” he said.
Hornbacher is a believer.
“Peter has disrupted our industry in a matter of weeks, just as the companies that offered credit card stacking did several years ago,” he said. Burns is philosophical about his company’s ability to dominate market place. “Look, 100 companies like me could come into the space tomorrow and do the same thing,” he said. “But there’s enough capital floating around that each of those companies can be successful. There’s that much inefficiency in the marketplace.”
2013:
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A B.S. in entrepreneurship is anything but (11/15/2006)
Both entrepreneurial, managerial styles bring success (09/17/2006)
University launches $1M entrepreneur fund (07/23/2006)
Programs teach entrepreneurism (07/09/2006)
Peter J. Burns, III Co-Working Space Creator
Response to Request for Proposal- Tempe Business Incubator, Tempe TX (03/19/2012)
Six eFactory sites to be housed in retail spaces (09/16/2008)
Club E Network launching companies (08/25/2008)
New chef to spice up Sheraton Downtown (07/27/2008)
My View: Entrepreneurship Conference offered many gems (11/18/2007)
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Entrepreneurs seek school funds (03/04/2007)
Club Entrepreneur geared to be inclusive, supportive (11/26/2006)
Arizona Entrepreneurship Conference (10/17/2006)
Peter J. Burns, III Awards and Recognition articles
Arizona Chapter of the FBLA Names Peter J. Burns III as Its Businessman of the Year (6/19/2007)
Video Coverage
Peter J. Burns III on Rockstar Radio (04/10/2010)
IN THE NEWS
National and local news about the Institute of Entrepreneurship and the College of Entrepreneurship.
Venturecast - Peter Burns Interview
Peter Burns, the Founder of the Institute for Entrepreneurship, joins us today to share his story. Peter has launched numerous initiatives in Arizona having the first ever college-accredited program on entrepreneurship.
Listen to Interview >
New club to bring together like-minded entrepreneurs
Club Entrepreneur is bringing seasoned entrepreneurs and future startup business leaders together.
Read Article >
The only 'pureblood' Bachelor of Science in entrepreneurial education
$4.5M in startup money for students with great ideas.
Read Article >
Encouragement offered to launch own business
University launches $1M entrepreneur fund
The University Entrepreneurs Fund was conceived to assist student entrepreneurs in initially capitalizing the business projects they create.
Read Article >
College of Entrepreneurship
Entrepreneurship is the fastest-growing course of study on campuses nationwide, but never before have would-be moguls been able to get a degree in the field. Until now.
Read Article >
E-Myth Founder Michael Gerber to Be Chairman
The College of Entrepreneurship will house several unique enterprises, including an Entrepreneur Factory, a Club Entrepreneur and an e-Lab.
Read Article >
Both entrepreneurial, managerial styles bring success
You may be moving out of your entrepreneurial comfort zone into the professional management arena, said Peter Burns.
Read Article >
The New Entrepreneur Factory
More students are taking business risks right out of college. Peter Burns is well aware of this trend and has gained public attention for his latest venture: a college devoted solely to the study of entrepreneurship.
Read Article >
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