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The Six Rules of Business Borrowing Kent WA

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.

Ilana Diallo
(206) 830-0363
Federal Way, WA
Coaching Types
Business, Money and Finance, Entrepreneurship
Rates
$25/Hr

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Mr. Warren B. Stickney (RFC®), LUTCF
(425) 462-6335
2050 112 Ave., NE 210
Bellevue, WA
Company
Stickney Research
Qualifications
Education: College and GraduateTax Summit annual Estate Planning Conference, The Strategic Coach, The Aspen Institute
Years of Experience: 24
Membership
IARFC, MDRT, Bar, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Family Offices, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Business Coach, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

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Mr. Perry L. Smith (RFC®), CHFC, CLU
(425) 462-2072
800 Bellevue Way N.E. #400
Bellevue, WA
Company
Perry L. Smith Consulting, LLC
Qualifications
Education: Gonzaga U 1968-1970Eastern Wash U 1970-1972-BA American College-CLU-1982American College-ChFC-1989 NASD S7,S63,S24 - 1985RFC -1985Real Estate 1990Wealth Preservation Institute-CWAP & CAPP-2006 Golden Gate University -GGU - MS (Tax)
Years of Experience: 33
Membership
IARFC, FPA, SFSP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, Healthcare Accounts, Charitable Foundations, Asset Protectio

Data Provided by:
Mr. Warren B. Stickney (RFC®), LUTCF
(425) 462-6335
2050 112 Ave., NE 210
Bellevue, WA
Company
Stickney Research
Qualifications
Education: College and GraduateTax Summit annual Estate Planning Conference, The Strategic Coach, The Aspen Institute
Years of Experience: 24
Membership
IARFC, MDRT, Bar, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Family Offices, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Business Coach, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Ronald W. Hannes (RFC®), RFP
(800) 264-2757
202 East Spokane Falls Blvd., Ste. 301
Spokane, WA
Company
Hannes Financial Services, Inc.
Qualifications
Education: Eastern Washington University,
Years of Experience: 27
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Mutual Funds, 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:
Meisha Rouser
(360) 265-9628
Seattle, WA
Coaching Types
Life, Business, Executive
Rates
$100 - 150/Hr
Gender
Female
Certifications
CPCC
Membership Organizations
ACC

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Lauren Owen
(206) 427-2856
Seattle, WA
Coaching Types
Business, Leadership, Team
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$Varies depending on project/Hr
Gender
Female
Certifications
Marshall Goldsmith Stakeholder Centered Certified Coach

Data Provided by:
Heather Rouge
(206) 778-7114
Seattle, WA
Coaching Types
Life, Business, Entrepreneurship
Rates
$100/Hr
Certifications
Cretrified through Coaching from Spirit Institute and Seattle Life Coach Training

Data Provided by:
Sherra Grasser
(425) 343-7861
Lynnwood, WA
Coaching Types
Life, Relationship, Business
Rates
$75/Hr
Gender
Female

Data Provided by:
Mr. Perry L. Smith (RFC®), CHFC, CLU
(425) 462-2072
800 Bellevue Way N.E. #400
Bellevue, WA
Company
Perry L. Smith Consulting, LLC
Qualifications
Education: Gonzaga U 1968-1970Eastern Wash U 1970-1972-BA American College-CLU-1982American College-ChFC-1989 NASD S7,S63,S24 - 1985RFC -1985Real Estate 1990Wealth Preservation Institute-CWAP & CAPP-2006 Golden Gate University -GGU - MS (Tax)
Years of Experience: 33
Membership
IARFC, FPA, SFSP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, Healthcare Accounts, Charitable Foundations, Asset Protectio

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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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