The Six Rules of Business Borrowing Inverness FL

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.

Hon. Michael L. Gudis (RFC®), CEP, CSA, EA, MBA
(352) 795-2044
253 N.W. Bay Path Dr.
Crystal River, FL
Company
Michael L. Gudis
Qualifications
Education: BA MBA
Years of Experience: 43
Membership
IARFC, FPA, NAIFA, NICEP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Medicaid Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Charitable Planning, Healthcare Accounts

Data Provided by:
Mr. John F. Lopez (RFC®), MBA
(305) 448-5550
2100 Ponce De Leon Boulevard
Coral Gables, FL
Company
Stewards of Capital, LLC.
Qualifications
Education: B.S./M.B.A. Finance
Years of Experience: 10
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Retirement Planning, Tax Planning, Stocks and Bonds, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Auto Home Insurance, Business Coach, Charitable Planning, Education Plan, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided by:
Joseph P. Williams (RFC®), CFP, CHFC, CLU
(954) 227-5511
3000 N University Dr., Unit 2F
Coral Springs, FL
Company
Williams Financial Services, Inc.
Qualifications
Education: BS
Years of Experience: 40
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Asset Protection, BuySell

Data Provided by:
Jim McCarty (RFC®), CLU, LUTCF, RHU
(386) 304-9684
2545 S. Atlantic Ave., #2108
Daytona Beach, FL
Company
Showbiz Selling
Qualifications
Years of Experience: 37
Membership
IARFC, MDRT, NAIFA, GAMA
Services
Invoice, personal Coach, Retirement Planning, Life Insurance, Disability Income Insurance, Business Coach, Compensation Plans

Data Provided by:
Jaime Yordan-Frau
(954) 435-8435
Hollywood, FL
Coaching Types
Executive, Business, Career
Rates
$200/Hr
Gender
Male
Certifications
C.P.C., ELI-MP

Data Provided by:
Mr. Charles J. Czajka (RFC®), CEP
(772) 419-0050
2684 SE Willoughby Blvd
Stuart, FL
Company
Macro Money Concepts
Qualifications
Education: University of Conn school of insuranceManchester Community collegeCertified Estate Planner
Years of Experience: 32
Membership
IARFC, MDRT, NAPFA
Services
Invoice, Estate Planning, Business Planning, Pension Planning, personal Coach, Retirement Planning, Tax Planning, Seminars Work, Family Offices, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Education Plan, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Mr. Karl A. Weinrich (RFC®), CFP
561 994 6020 x201
6971 N. Federal Hwy., Suite 100
Boca Raton, FL
Company
Weinrich & Associates, Inc.
Qualifications
Education: CFP,RFC,CRC
Years of Experience: 43
Membership
IARFC, FPA, NAPFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Group Insurance, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Ali Rodriguez
(386) 615-6282
Ormond Beach, FL
Coaching Types
Business, Entrepreneurship, Leadership
Gender
Female

Data Provided by:
Mr. Richard H. Howard (RFC®), CEP, CSA
(904) 636-9307
5209 San Jose Blvd., Suite 103
Jacksonville, FL
Company
Safe Capital Group, Inc. / Wealth Trust Services, Inc.
Qualifications
Education: BSED
Years of Experience: 29
Membership
IARFC, FPA, NICEP
Services
Invoice, Business Planning, Retirement Planning, Tax Planning, Seminars Work, Annuities, Life Insurance, Medical Insurance, Group Insurance, Charitable Planning, Charitable Foundations, BuySell, LiabCover

Data Provided by:
Mr. Douglas W. Finley (RFC®), CFP
(239) 267-7500
8695 College Parkway
Fort Myers, FL
Company
Finley Wealth Management
Qualifications
Education: Masters Degree, Financial Planning, College for Financial Planning, Denver, Co. Bachelors Degree, Finance, Arizona State University, Tempe, Arizona CFP Professional Education Program, The College for Financial Planning, Denver, Co.
Years of Experience: 13
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Retirement Planning, Tax Planning, Seminars Work, Family Offices, Charitable Planning, Asset Protection, 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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