5.14.12 – Happy Centennial BBB!

Happy 100th Birthday, BBB!

Most people have heard of the Better Business Bureau a.k.a. the BBB. But what is it exactly? The BBB is a corporation founded, believe it or not, in 1912! That’s right. It celebrates its Centennial this year, as it turns 100 years old.

The BBB consists of separately governed and incorporated local organizations throughout the United States and Canada wearing the name Better Business Bureau. These independently operated branches are affiliated with the Council of Better Business Bureaus (CBBB).

Okay. So that’s who they are, but still what do they do? The Better Business Bureau gathers and records information it receives about businesses, both locally and nationally. It is the collection of this information that determines the grade given to established members, as well as, whether or not a business will be granted membership.

The BBB plays an even larger role and it is an important one. It publicly reveals details about business reliability, legal issues and ethical conduct. The BBB acts as a trusted liaison between consumers and businesses sharing this information and resolving disputes.

According to the BBB’s website, their mission is “advancing marketplace trust.” Below is a link to the “Standards of Trust” expected of members.

The Better Business Bureau Standards of Trust

Hard money lender, Source Capital is a respected member of both the San Diego, California and Arizona Better Business Bureaus. They maintain a grade of “A” from both chapters. This means that they meet all of the requirements and standards of conduct. Below are links to Source Capital’s BBB profiles for San Diego and Arizona.

Grade A member of the San Diego Better Business Bureau

Grade A member of the Arizona Better Business Bureau

In general, having this information is helpful when choosing who to do business with. The hard money industry has a known history of unscrupulous dealings. When selecting a business within such a controversial grouping, a high Better Business Bureau rating becomes even more important.

North San Diego County, Rancho Bernardo based private money lender, Source Capital is the whole package. They are not only formally rated as exceptional in the areas of professionalism, integrity and ethical conduct, by the BBB, but their clients testimonials mirror the validation of these attributes.

If you have experienced a foreclosure, short sale or have established bad credit at some point along the way, you don’t have to settle for just any private lender. Whether seeking a real estate or construction loan, contact San Diego hard money lender, Source Capital. Give them a chance and they certainly will give you another one too.

Not only do real estate loan experts, Sacha Ferrandi and Pat Hook have a reputation for their compassion and support of hard money borrowers, but they are also well respected among investors. If you are looking for a safe, low risk, high return real estate investment opportunity, Source Capital’s private money investment programs, could be just what you are looking for.

Contact Sacha or Pat by calling 858.705.6144 or via email using their online form. To learn more about what loan and investment clients are saying about Source Capital, visit their Google profile page. If you have worked with San Diego’s premier private money lender, Source Capital, feel free to share your experience by adding your testimonial to our Google page. Thank you and happy Monday! -Sindi Somers