The Six Rules of Business Borrowing Collinsville IL

Rules” to business borrowing! An interesting concept. True — the “rules” presented below may be considered as act-on “options”. But the consequences of not being aware of these options, achieving a successful business loan program, can be costly to your business, your fortune and your peace of mind.

Mr. Anh Le (RFC®), CPA, EA
(618) 622-0829
524 Lincoln Hwy
Fairview Heights, IL
Company
Le Financial Inc.
Qualifications
Education: MBA, SIU, Edwardsville,IL1993BS, UIUC, Urbana-Champaign, IL 1988
Years of Experience: 5
Membership
IARFC, AICPA
Services
Invoice, Business Planning, Tax Planning, Tax Returns, Seminars Work, Education Plan

Data Provided by:
Mr. Jerome Mark Mikulich (RFC®)
(951) 816-9966
1650 N. Arlington Heights Rd #100
Arlington Heights, IL
Company
World Equity Group Inc.
Qualifications
Education: Series 6, Series 63, Insurance Producer, Variable Contracts. Licensed in IL, IN, CA.
Years of Experience: 15
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Family Offices, Mutual Funds, Annuities, Life Insurance, Group Insurance, Business Coach, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, Compensation Plans

Data Provided by:
Mr. Craig J. Horvath (RFC®), CFP, CSA, LUTCF
(630) 441-1049
2650 Warrenville Rd
Downers Grove, IL
Company
Horvath Planning & Wealth Management
Qualifications
Years of Experience: 15
Membership
IARFC, MDRT, FPA, SCSA, NAIFA, SCRFA
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, Retirement Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Mr. David J. Dahl (RFC®), CFP, CHFC, CLU, MSFS
(815) 946-3399
7908 West Judson Rd.
Polo, IL
Company
Dahl Financial Services
Qualifications
Education: BSBA Roosevelt UniversityMSFS American CollegeMSM American CollegeMA Liberty University
Years of Experience: 29
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Family Offices, Charitable Planning, Education Plan, Asset Protection, Compensation Plans

Data Provided by:
Tom Lemanski
(312) 566-7707
Chicago, IL
Coaching Types
Executive, Leadership, Business
Rates
$300/Hr
Gender
Male
Certifications
Affiliate relationships with Target Training International Certification, Resource Associates Corp. Affiliate

Data Provided by:
Mr. Jerry Thielmann (RFC®), CSA
(773) 837-9695
6420 W. 127th St
Palos Heights, IL
Company
Legacy Capital Resources, Inc.
Qualifications
Education: -Bachelors degree, Mgmt, Elmhurst College, 1988.-CFP Certificant, Loyola Univ, 1999.
Years of Experience: 19
Membership
IARFC, MDRT, SFSP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Medicaid Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Mutual Funds, Collectable Coins , Precious Metals, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Auto Home Insurance, Charitable Planning, Charitable Foundations, Asset Protection, Compensation Plans

Data Provided by:
Mr. Edward W. Towers (RFC®), CFP, CSA, MBA
(847) 283-0371
1381 Conway Rd.
Lake Forest, IL
Company
Tiger Brokerage Group
Qualifications
Education: BS in Bus. Adm. (Finance),MBA (Marketing)
Years of Experience: 26
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Retirement Planning, Seminars Work, Life Insurance, Business Coach, Healthcare Accounts, Compensation Plans

Data Provided by:
Hon. Richard F. Rekash (RFC®), CEP, CFP, LUTCF
(630) 241-1161
6169 So. Chase Avenue
Downers Grove, IL
Company
Genworth Financial Securities
Qualifications
Education: Continuing education 40 plus hours
Years of Experience: 40
Membership
IARFC, NICEP
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Family Offices, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Business Coach, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided by:
Mr. David W. Schlossberg (RFC®), CEP, CFP
(847) 426-1077
1141 E Main St Ste 215
East Dundee, IL
Company
Assured Concepts Group, LTD
Qualifications
Education: Financial Planning Courses at Boston University and DePaul.
Years of Experience: 31
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, Precious Metals, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Mrs. Terri L. Gilmoure (RFC®), LUTCF
(815) 942-9266
401 N Liberty Street
Morris, IL
Company
Terri Gilmoure Insurance Agency, Inc.
Qualifications
Years of Experience: 26
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Retirement Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Education Plan, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided by:
Data Provided by:

The Six Rules of Business Borrowing

Provided By: 

Business Borrowers Should Consider BOTH Traditional and Alternative Lenders
By Kenneth P. Easton, Jr.

“Rules” to business borrowing! An interesting concept. True — the “rules” presented below may be considered as act-on “options”. But the consequences of not being aware of these options, achieving a successful business loan program, can be costly to your business, your fortune and your peace of mind.

“Rules” are actions businesses should adopt ensuring they obtain the best arrangements with their current lender; in good times or in worst case scenarios. These rules also apply to a new or replacement lender (whether the move is voluntary or forced by circumstances).
Observation: There is a great diversity of lenders out there — which one (or two) will be best for you? Only a few can address your specific needs or situation. However, your search process may well determine not only the success and costs of your quest, but the duration —from 30 days to possibly a year or more. No one needs that kind of a hold up.


Know Your Money Sources

The “Traditional Lenders” are commercial banks and thrift institutions (savings banks) that continue to be the most utilized sources. Many stop there simply hopeful for the best deal — unaware of the many, and probably more appropriate, alternatives. Frequently, physical convenience dictates choice — not relevant in this “connected” age. You want the best deal, not the shortest walk. These “mainstream” or “prime” lenders offer: standard loan products; rather inflexible loan structures; unattractive pricing options; and “boilerplate” loan covenants. Neither too receptive nor creative. There are, of course, unique exceptions; especially within “community banks”. Tough credit situations or specialized loan needs are best left to alternative lenders.

“Alternative Lenders” offer wide spectrums of business loans; meeting unique needs and quick turnaround requirements. Many larger credit unions offer business loans. Business membership (a requirement) usually happens at the loan closing. As with most alternative lenders, they are staffed with seasoned business lenders from banks and other alternative lenders. Most offer quick turnaround, access to decision makers with many dedicated to assisting the more difficult credit requirements. Other “Alternatives” include independent and specialized finance companies, divisions or captives of industrial or insurance companies, or even subsidiaries of some banks. Do not forget state and municipal loan programs.
Alternative loan sources may offer a variety of specialization, to include traditional loan programs:
• receivable and inventory financing
• equipment loans and leasing programs
• seasonal inventory loan advances
• purchase order financing (including government contracts)
• invoice financing (factoring)
• letters of credit
• loans to hospitality / health care businesses
• real estate / investment property mortgages
• mezzanine (quasi-c...

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