The Six Rules of Business Borrowing Columbia City IN

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.

Mark S. Dahlenburg (RFC®), CHFC, CLU, LUTCF
(765) 447-1302
3721 Rome Drive Suite B
Lafayette, IN
Company
Financial Planning Consultants, Inc.
Qualifications
Years of Experience: 27
Membership
IARFC, FPA, SFSP, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Business Coach, Charitable Planning, BuySell, Compensation Plans

Data Provided by:
Mr. Mark A. Cade (RFC®), CFP, RHU
(317) 215-2473
7320 US 31 South
Indianapolis, IN
Company
Cade Group, Inc./The Financial Junction
Qualifications
Education: BS from Ball State University
Years of Experience: 30
Membership
IARFC, FPA, NAIFA
Services
Invoice, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, 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, Education Plan, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Sarah stout
(317) 408-0110
Indianapolis, IN
Coaching Types
Health and Fitness, Life, Business
Gender
Female
Certifications
CCN, CNHP, HHC

Data Provided by:
Mr. Brian P. Austin (RFC®), CFP
(317) 818-9365
3850 Priority Way South Dr Ste 118
Indianapolis, IN
Company
Poteet, Virt, Austin & Associates
Qualifications
Years of Experience: 11
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, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, 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 Prot

Data Provided by:
Ellery Moffett
(317) 345-5251
Patriot, IN
Coaching Types
Christian, Business, Life
Rates
$250/Hr

Data Provided by:
James B. Moss (RFC®), CEP
(317) 841-0370
7828 East 88th Street
Indianapolis, IN
Company
Money Concepts
Qualifications
Years of Experience: 55
Membership
IARFC, FPA, NICEP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, Collectable Coins , Precious Metals, Annuities, Life Insurance, Long Term Care Insurance, Medical Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Barbara L. Walker (RFC®), CSA
(812) 283-0727
222 Pearl St #105
New Albany, IN
Company
B&M Walker Enterprises, Inc.
Qualifications
Education: B.A.
Years of Experience: 23
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Tax Returns, 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, Business Coach, Charitable Planning, Education Plan, Healthcare Accounts, Charitable Foundations, Asset Protection, BuySell, Compensation

Data Provided by:
Thomas Barnes
(317) 332-4846
Indianapolis, IN
Coaching Types
Business, Entrepreneurship, Executive
Rates
$100/Hr
Gender
Male

Data Provided by:
Sheryl Delaplane
(765) 203-6609
Anderson, IN
Coaching Types
Life, Family, Business
Rates
$97/Hr
Gender
Female

Data Provided by:
Mr. Curtis H. Robertson (RFC®), CLU
(317) 843-5577
111 Congressional Blvd., Suite 114
Carmel, IN
Company
Integrated Investment Strategies, Inc.
Qualifications
Education: BS in Business from Indiana University
Years of Experience: 43
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Collectable Coins , Precious Metals, Annuities, Life Insurance, Long Term Care Insurance, Charitable Planning, BuySell

Data Provided by:
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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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