Wisconsin Lt. Gov. Mandela Barnes, Senate candidate, supported cutting prison population in half

Wisconsin Lt. Gov. Mandela Barnes, a Democrat running against incumbent Republican Sen. Ron Johnson, has repeatedly advocated for cutting the state’s prison population in half, eliminating cash bail and other progressive criminal justice reforms.

Before entering public office, Barnes previously worked as an organizer for Milwaukee Inner City Congregations Allied for Hope, a Milwaukee-based social justice group, when he teamed up with another organization, Wisdom, to launch a 2012 initiative aimed at cutting Wisconsin’s prison population in half.

The 11×15 campaign sought to reduce the state’s prison population to 11,000 inmates by 2015, Barnes told local media at the time.

Barnes later served two terms in the Wisconsin State Assembly before he was chosen as the running mate to now-Democratic Gov. Tony Evers. 

MANDELA BARNES’ TIES TO LINGERIE PARTY BARRING ‘RATCHETS’ COULD HAUNT HIS WISCONSIN SENATE BID

During their campaign in 2018, Evers signed onto Barnes’ idea of halving the state’s prison population. Evers, who at the time was the state schools superintendent, said he wanted to do that by allowing inmates to be released for good behavior, creating or expanding court diversion programs and treating 17-year-old offenders as juveniles instead of adults, the Milwaukee Journal Sentinel reported at the time.

Evers did not put a time frame on halving the prison population, but he called it a “goal” and said he would not release violent offenders. 

Months before the election in July 2018, Barnes celebrated Evers and other Democratic gubernatorial candidates for supporting his initiative.

“6 years ago when we kicked off the 11×15 campaign to cut the prison population in half, we could hardly find elected leaders or candidates to get onboard,” Barnes tweeted. “To see it embraced at a gubernatorial candidate forum makes me proud to have worked with such visionary organizers/activists.”

After Evers and Barnes won the election in November 2018, narrowly defeating incumbent Republicans Scott Walker and Rebecca Kleefisch, Barnes continued supporting the prison initiative, tweeting in October 2019, “Cool, let’s cut our prison population in half.”

Since Evers and Barnes entered office, Wisconsin’s prison population has been reduced by about 15%. In 2019, the population was 23,777, compared to 20,123 today, according to 2022 statistics from the state Department of Corrections.

The vast majority of those currently incarcerated – 68% – are classified as “violent” offenders, meaning it would be impossible to cut the population in “half” without releasing at least some of those violent offenders.

WISCONSIN DEM SENATE CANDIDATE SPENT NEARLY $600K ON POLICE DETAIL WHILE COZYING UP TO DEFUND POLICE MOVEMENT

In 2016, when he was still a state legislator, Barnes sponsored a bill to end cash bail in Wisconsin. The measure, which did not make it out of committee, would have required a defendant to be released unless there was “clear and convincing evidence” that he or she was a flight risk or a danger to society, the Milwaukee Journal Sentinel reported.

During a September 2018 podcast, Barnes also said he supported allowing inmates to vote.

“I’ve long championed restoration of voting rights immediately once someone has served their sentence, and I mean, honestly, even when someone is locked up,” he said.

Barnes has also made statements online with a soft tone on the defund the police movement, and his campaign has received funding from five groups that advocate for defunding cops.

“Defunding the police only dreams of being as radical as a Donald Trump pardon,” Barnes tweeted in July 2020.

On Sept. 3, 2020, Barnes blasted the criminal justice system after the police officers involved in the shooting death of Breonna Taylor did not face charges.

“You can feel how you want about to calls to reform, defund, or abolish but the question is, how can a system that allows this to happen continue to be upheld?” he wrote.

The lieutenant governor also spoke at a major meeting for the Center for Popular Democracy — a far-left group that supports defunding the police and claims Israel targets Palestinians with “violent attacks.”

“Defund police. Defund police states,” the group tweeted in May of last year. “Defund militarized occupation. Defund state-sanctioned violence.”

Barnes has stated in the press that he does not support the defund the police movement, despite his past statements. 

Johnson’s campaign slammed Barnes as “dangerous” in a statement to Fox News Digital.

“Lt. Gov. Barnes is a socialist liberal who cares more about catering to his ‘woke’ base than keeping Wisconsin families safe,” Johnson campaign spokesman Alec Zimmerman said.

“Crime is out-of-control in Wisconsin, and we can’t afford to elect a radical who cares more about criminals than their victims. Mandela Barnes is dangerous for Wisconsin,” he said.

Barnes’s campaign did not respond to Fox News Digital’s request for comment.

Fox News’ Houston Keene contributed to this report.

New comment by devKnight in "Ask HN: Freelancer? Seeking freelancer? (August 2022)"

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TECH PRINCIPLES: We have a mature test suite and endeavour to maintain it as part of our development process. All code changes are peer reviewed. We think the best features are a result of tight collaboration between product and engineering. We use the best tools for the job, but they need to be proven.

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New comment by iseff in "Ask HN: Who is hiring? (March 2022)"

Goodbill | Full Stack Engineer | Anywhere in the US | Remote | Full-time

Goodbill saves people money on hospital bills by identifying billing errors and inflated charges. We’re a small, but growing, team and recently raised a seed round from Maveron, Founder’s Co-op, Liquid 2, and some incredible angels. We currently work distributed across Pacific and Eastern timezones.

If you like complex problems, lots of data, doing something that’s never been done before, changing people’s lives, and want to tackle one of the hardest problems in medical billing, you’re in luck. Benefits include competitive salary, generous equity, unlimited PTO, flexible work hours (we’re all parents), 100% of medical/dental/vision, and a home office stipend or a co-working desk, whichever floats your boat most.

Tech stack: Rails 7, Hotwire

You can email me (https://www.linkedin.com/in/iseff) at iseff@goodbill.com or apply here https://www.goodbill.com/jobs/apply.

How to Increase B2B Sales 150% During a Slow Q4

It’s Q4, and the pressure is on.

You have three months left to hit your sales targets and end the year on a high note.

The only problem?

Your sales pipeline is dry. No one is signing up for your offers, and your forecast looks bleak.

Luckily, not all hope is lost.

I’ve compiled some of my top strategies which will help you increase B2B sales and smash your Q4 targets. Not only have these tips helped grow my agency, but these are tried-and-true methods we use for our clients as well.

Let’s dive in and open the B2B sales flood gates.

10 Ways to Increase B2B Sales

Whether you’re an SME or a massive conglomerate, you can use these strategies to increase your sales and give your Q4 pipeline a kick in the direction.

1. Leverage Social Selling

Still not sold on the buying power of social media? You’re leaving money on the table.

  • Fifty-four percent of social media users research products on different platforms.
  • Seventy-one percent of users will make a purchase based on social media referrals.
  • Seventy-seven percent will choose a brand over a competitor after a positive social media experience.

What is social selling? It’s the process of finding and engaging with your potential customers online. 

Every time you log into Instagram and reply to a DM or share an article on LinkedIn, you’re providing value and social selling. It’s a much softer approach than cold emailing and focuses more on building long-term, authentic relationships than traditional sales techniques.

how to improve b2b sales - social selling

How can you leverage social selling?

  • Position your brand as the go-to industry expert: Use content marketing to answer your prospect’s most pressing questions and lead them down your marketing funnel.
  • Share case studies and testimonials: Social proof is a driving factor for online purchases. Use your results to prove you’re the best and develop a deeper know, like, and trust factor with your audience.
  • Focus on engagement: Instead of spending all your time creating content, focus on building relationships. Reply to all your DMs, jump into conversations in LinkedIn groups, follow your ideal customers, and engage with their content.
  • Talk about your transformation: Businesses and people buy transformations, not features. When talking about your product or service online, focus on the result someone gets from working with you.

2. Support Your Sales Team

If there is one thing that can ruin a potential sale, it’s bad sales rep interactions.

Whether it’s someone dropping the ball and ignoring an email for weeks, or a dumpster fire cold email, it can quickly tank your brand’s rep and Q4 income goals.

How do you prevent a sales mishap?

By training your team.

People buy from people they know, like, and trust. Your sales reps need the tools to figure out how to develop a rapport and close the sale.

For a successful Q4, make sure your sales training includes:

  • Scripts for people to fall back on and avoid awkward silences or sounding unsure.
  • How to overcome common objections and communicate your brand’s results.
  • Strategies for finding leads and moving each one along the buyer’s journey.

Remember, the better trained your sales team, the quicker you’ll get to your 150% Q4 sales target.

3. Cash in on the Holidays

The holidays are a gold mine for increasing your B2B sales. With the right strategy in place, you can scoop up some of the disposable income people have during these months.

Here are some ideas to get the ball rolling:

  • Use expiring bonuses: This works well for Black Friday and Cyber Monday. Each day, remove one bonus to create a sense of urgency and FOMO (fear of missing out).
  • Increase the price: Start with your lowest price for an offer, and slowly increase it each day.
  • Create an exclusive offer: Put together a new product, service, or package for the holiday season. You can add a sense of urgency by telling your audience it’s only available for the holidays.
  • Offer free shipping or a discount: Cash in on the psychology of free stuff to lure in more sales. Getting something for nothing is a powerful emotional trigger known as the “zero price effect” and it’s extremely hard to resist.

4. Ask Existing Clients for Referrals

Referrals are the backbone of any business.

Why?

It’s the easiest sale you can get.

Unlike a cold pitch where you have to establish trust before someone gives you a yes, referrals are warm leads. The person already trusts your brand and is ready to give you their money because the personal recommendation came from a friend, family member, or colleague.

It’s one of the reasons why influencer marketing is dominating the online space. Brands are paying for the endorsement and trust the content creator has with their audience, which has more sway than a random ad in the newspaper.

How do you get more referrals? Create a referral program.

You reward your biggest fans for doing the hard work for you: finding quality niche-specific leads that usually lead to sales.

How to Increase B2B Sales - Ask Existing Clients for Referrals

5. Don’t Neglect Cold Calling or Emailing

Cold calling (or emailing) is not dead.

It’s very much alive and kicking and one of the best ways to increase B2B sales for Q4.

However, there is a catch.

Cold outreach is only effective if done correctly.

If you’re mass spamming everyone and anyone with no real strategy, you’re not going to see any results.

Why?

No one likes to waft through irrelevant pitches. You’ll earn brownie points by taking the time to identify a problem you can solve and presenting a solution in a format that feels tailored, not mass-produced.

6. Use Paid Ads to Increase Leads

Not using paid ads yet?

With more people online than ever before and 80.76 percent of the global population owning a smartphone, it’s time to dip your feet into this gold mine.

By honing in on the keywords your audience uses to find solutions to the problem you solve, you can increase B2B sales while you sleep.

If that’s not enough to get you opening up a Google AdWords account, this will:

  • PPC ads yield 50 percent more conversions than organic advertising.
  • Google ads can increase brand awareness by 80 percent.
  • Paid ads have a 200 percent ROI rate.

The results are equally impressive on social media. The Content Marketing Institute found B2B paid advertising increased to 83 percent, with LinkedIn ads dominating the pack.

Of all paid distribution channels, paid social media ranked second in producing results, with SEM taking first place.

7. Create a List of Potential Clients

The best strategy for increasing B2B sales? Knowing exactly who you want to target.

Before diving into any of the other tips in this post, get clear on who you want to convert into paying customers.

It’s the foundation of your game plan. Without it, you’re only wishing for a result instead of making it happen.

How do you make a list of potential clients? Answer these questions:

  1. How many employees does your dream client have?
  2. How much does the business make in annual revenue?
  3. What is the niche problem you solve?

The more specific you get here, the better chance you’ll increase your B2B sales during a slow Q4. 

Once you have those answers, you can use tools like LinkedIn or Angelist to find companies that match your dream client description.

How to Increase B2B Sales - Create a List of Potential Clients

8. Develop a Strong Email Marketing Strategy

Almost every couple of years, Facebook, Instagram or Twitter goes down, and influencers, business owners, and users start spiraling. 

It’s a harsh reminder that any of the apps you’ve spent hours on growing a community can vanish with a click of a button.

That’s why it’s crucial you get your followers onto a platform you can control, like email marketing. Not only will you always have access to your list (unless someone unsubscribes), but it’s profitable.

According to OptinMonster, email marketing generates $44 for every $1 spent. That’s a mindblowing 4400 percent ROI, making it one of the best ways to increase B2B sales.

Start your Q4 off strong and warm up your list with a strong email marketing strategy. 

Don’t have a list? Use the next three months to grow one with email opt-ins like:

  • e-books
  • cheatsheets
  • checklists
  • industry reports

9. Prioritize Video Content

Video marketing is here, and it’s disrupting the industry, but what makes it so successful?

After all, isn’t it faster to scan a few lines of a blog post (like you’re doing right now) than sit through an entire 10-minute video?

While videos do require a bigger time commitment, customers still prefer it to text, and it has a plethora of business benefits.

With Instagram trying to compete with TikTok, the platform is working hard to gain market share.

The result? Instagram Reels has high engagement, and the algorithm prioritizes it above photo posts. In fact, Instagram came out and said it’s a video-sharing platform, not a photo-sharing app.

The takeaway: There’s no better time to add videos to your content marketing mix and use it to increase your B2B sales. Start a YouTube channel, develop a Reels strategy, or embed videos on your website.

10. Use Case Studies to Increase B2B Sales

Selling to B2B is a little different from B2C.

For one, there’s usually more than one person involved in the decision process. If you want a resounding yes from everyone involved, you need to show how your product or service delivers value.

One of the most powerful marketing tools you can use to illustrate this is case studies. This piece of content is typically used near the end of the consideration and early decision stage of the buyer’s journey. It can help sway business your way when a prospect is deciding between two possible solutions.

With 81 percent of people trusting friends or family over a business, a case study helps you leverage an outsider’s perspective in your favor. 

Even though you’re creating the content, it’s about how one of your customers achieved a specific result and what someone can expect from working with you.

It’s that all-important social proof we spoke about earlier, and it can go a long way in driving more B2B sales in Q4.

Frequently Asked Questions About Increasing B2B Sales

What is a B2B strategy?

A B2B strategy is a marketing strategy employed by a company that sells products or services to other businesses instead of individuals.

What are the four types of B2B marketing?

There are four types of B2B marketing: producers, resellers, governments, and institutions.

What is the B2B selling process?

The B2B selling process is a business’s steps to market and sell its services or products to another business.

What does B2B mean in sales?

B2B stands for business-to-business. It happens when a business transaction takes place between two companies. For example, one company will buy raw materials from another to make their final product.

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Increase B2B Sales Conclusion

While the world of B2B sales has changed a lot over the last 10 years, you have a whole host of new tools at your disposal. Instead of resisting social selling or the rise of video content, embrace it, and use it to increase your B2B sales for Q4.

Remember, the more proactive you are with your strategies, the bigger your competitive edge. Keep experimenting with your sales strategies and stick with the ones which give you the results you want.

Which of these strategies are you going to use to increase B2B sales in Q4?

Securities-Based Lines of Credit

You may have heard about securities-based lines of credit. But what are they, exactly?

What are Securities-Based Lines of Credit?

The term securities-based lending (SBL) refers to the practice of making loans using securities as collateral. Securities-based lending provides ready access to capital. This can be used for almost any purpose, such as buying real estate or investing in a business. The only restrictions to this kind of lending are other securities-based transactions like buying shares or repaying a margin loan.

Here are the Details on Securities-Based Lines of Credit

It is generally offered through large financial institutions and private banks. People tend to seek out securities-based loans, if they want to make a large business acquisition, or if they want to execute large transactions like real estate purchases.

How Does the Process Work?

Lenders determine the value of the loan based on the borrower’s investment portfolio. In some cases, the issuer of the loan may determine eligibility based on the underlying asset. It can end up approving a loan based on a portfolio of US Treasury notes rather than stocks.

Once you get approval, the borrower’s securities (the collateral) are deposited into an account. The lender becomes a lienholder on that account. If the borrower defaults, lender can seize the securities. Then they can sell them to recoup their losses.

In general, borrowers can get cash in just a few days. Securities-based lending is also relatively cheap. The rate borrowers are charged is generally variable, based on the 30-day London InterBank Offered Rate (LIBOR).

What is LIBOR?

Interest rates are typically 2 – 5 percentage points above LIBOR, depending on the sum. LIBOR is derived from an average of daily self-estimates of borrowing costs, supplied by a small group of large global banks.

Demolish your funding problems with 27 killer ways to get cash for your business.

Here are the Advantages of Securities-Based Lines of Credit

Get access to cash when you need it. You can potentially avoid capital gains taxes from selling securities. Typically lower rates than other forms of credit. No setup, non-use, or cancellation fees. Ability to borrow a significant percentage of your eligible assets, depending on the collateral and type of credit you receive.

SBL offers access to cash within a couple of days at lower interest rates with considerable repayment flexibility. These rates are often much lower than home equity lines of credit (HELOCs) or second mortgages. It works best when used for short periods of time in situations that demand a significant amount of cash quickly, like an emergency or a bridge loan.

SBL also provides benefits to the lender. It offers an additional and lucrative income stream, without much additional risk. The liquidity of securities used as collateral can help to mitigate much of the credit risk associated with traditional lending. See investopedia.com/terms/s/securitiesbased-lending.asp.

You can stay invested. You can keep your investment plan and asset allocation in place, without disrupting your long-term strategy. Financial flexibility is another bonus. You can quickly access liquidity for a range of uses.

Demolish your funding problems with 27 killer ways to get cash for your business.

Here are Some of the Disadvantages of Securities-Based Lines of Credit

You are pledging securities. Also, events outside your control affect their value. Hence market fluctuations may cause the value of pledged assets to decline. A decline in the value of your securities could result in selling your securities to maintain equity. Hence you may suffer adverse tax consequences as a result of selling securities. See wellsfargoadvisors.com/why-wells-fargo/products-services/lending/securities-based.htm.

SBL’s growing usage has led to concern, due to its potential for systematic risk. If interest rates increase, financial experts are concerned that there could be fire sales and forced liquidations when the market turns.

The Securities and Exchange Commission (SEC) doesn’t track securities-based lines of credit. Neither does the Financial Industry Regulatory Authority (FINRA). Still, both continually warn investors of the risks in this market. Another risk is if you depend on your securities for your retirement funding, is if they lose considerable value during the life of the loan. But that is a risk with all securities.

When equity and fixed-income markets perform poorly, which is often cyclical, the market value of many assets can hit low levels that were previously unthinkable. Unless the borrower has a lot of surplus liquidity, beyond the securities backing the loan, or the securities backing the loan consist almost entirely of assets like short-term US Treasury bills, this can result in the bank calling in the investor’s collateral.

A bank calling in the investor’s collateral could trigger forced liquidation of the borrower’s holdings at disadvantageous prices. In such cases, the borrower does not have the option to buy and hold. Also, they don’t have the choice of waiting for the market to recover.

Generally, Which Sorts of Securities Can Be Used with Securities-Based Lines of Credit?

While the specifics will depend on the lender, the following are securities which are often acceptable: marginable equity securities, this includes ETFs (exchange-traded funds) and most mutual funds; cash and cash equivalents, such as certificates of deposit; and fixed-income investments. This can include most investment-grade corporate, treasury, municipal, and government agency bonds.

Did You Know that Credit Suite has a Securities-Based Financing Program?

Our securities-based financing offers a powerful and flexible way for businesses and franchises to leverage assets currently in stocks or bonds. You can get a low interest credit line. In as little as 2 weeks, you can invest some of your stocks or bond in your business. This gives you more control over the performance of your retirement plan assets. Also, it gives you the working capital you need for business growth.

Check Out These Details on Credit Suite Securities-Based Lines of Credit

You can get approval for a low-interest credit line for as much as 90% of the value of your securities. Most stocks and bonds are accepted! You keep all the interest and appreciation from your securities. You pay no pre-payment penalty. Also, your securities stay in your name.

Here’s How to Qualify for Credit Suite Securities-Based Lines of Credit

Securities-based financing is very easy to qualify for. You won’t need financials, or good credit for approval. To qualify all the lender will require is a copy of your two most recent securities statements. If your stocks or bonds have a value over $25,000, you can get approval, even with severely challenged personal credit.

But what If You Have Credit Issues Now?

Our securities-based financing program is perfect for business owners who have credit issues. Lenders are not looking for, nor do they require, good credit to qualify.

Credit history is not important, except that there can be no bankruptcies or foreclosures in the last 5 years. Lenders won’t use credit history to determine rate or LTV% (loan-to-value). This is one of the best and easiest business financing programs you can qualify for. Also, you can get really good terms, even if you have severe personal credit problems.

You can Get FAST Funding with the Credit Suite Securities-Based Line of Credit

After the lenders review your securities statements, you can receive your initial approval and funding in 2 weeks or less. You can get a working capital credit line, to use for whatever purposes you need.

Demolish your funding problems with 27 killer ways to get cash for your business.

Check Out Credit Suite Securities-Based Lines of Credit’s Powerful Benefits!

Enjoy 24-hour pre-approval. No penalties for rollover. Easy securities review for approval. you pay no application fees.

You can get approval with very bad credit. Application to funding in 2 weeks or less. Get approval with no revenue requirements. Rates of 5% are common. Get a credit line for 70 – 90% of securities value.

Most stocks and bonds are acceptable. Your securities remain in your name. You keep all the interest from your securities. No pre-payment penalty. You keep 100% of your appreciation.

Get approval for up to 90% of value. Bad credit is acceptable. Your collateral is just your stocks, bonds, or other securities. Also, you DON’T need financials!

Securities-Based Lending: Takeaways

Securities-based lending, including for lines of credit, lets you leverage securities without having to sell them. Rates tend to tie to the London InterBank Offered Rate (LIBOR). There are both advantages and disadvantages to this form of financing. Only you can choose if it’s worth it

Credit Suite offers a securities-based line of credit program. Get up to 90% of the value of your holdings. Also with a fast decision and low rates. Also, you can qualify even with bad credit. Choosing to go for a securities-based line of credit is a big step. Let’s take it together.

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