For anyone who has somehow managed to miss one of the big stories of the summer, this is the 50th anniversary of the film, “Jaws.” Many credit Jaws with being the first true blockbuster, although “Ben Hur” and “Lawrence of Arabia” might deserve the classification as well, not to mention “Dr. Zhivago” or our favorite, “El Cid.” At any rate August seems an appropriate month to reminisce about the film, as it is a quiet time in the financial world, and Jaws’ production suffered a lot of downtime, thanks to issues with the lead, “Bruce” the mechanical shark, which kept breaking throughout the filming. (Apparently, Bruce was named after the Director’s lawyer, who was reputed to be as difficult – or terrifying – as his namesake.)
What does this have to do with personal loans against illiquid assets? Well, during downtime, the actors in Jaws sat around discussing their roles and the film in general, which clearly led to some superb performances by greats like Robert Shaw, Richard Dreyfus and Roy Scheider. Our clients do the same, using downtime in August to strategize about ways to find the most economical longer-term sources of capital, debt, vs. equity, etc.
Intriguingly, despite economic volatility, gyrations in geopolitics, and overall uncertainty, our clients and prospects are already dusting off their business plans for the fall and 2026. Inquiries are picking up, as animal spirits seem to revive and peoples’ fears about the direction of the country are receding as a source of anxiety.
Clearly, despite reminiscences of Bruce and increased sightings of his natural brethren off our beaches, entrepreneurs appear willing to take a plunge once again. The best way to do so, however, is with reliable, medium-term debt that avoids personal dilution and the risk of an early call by more conventional bank debt. Six-year money with no prepayment penalty and no equity dilution makes a loan from New York Private Finance the ideal solution for choppy waters of any sort. Who says you need a bigger boat?
Please contact us to learn how we can help.
