The Six Rules of Business Borrowing South Amboy NJ

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. Saul M. Simon (RFC®), CFP
(732) 623-2070
333 Thornall Street Ste 9B
Edison, NJ
Company
Simon Financial Group
Qualifications
Education: AA, BA
Years of Experience: 23
Membership
IARFC, MDRT, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, BuySell, Compensation Plans

Data Provided by:
Mark T. Wade (RFC®), CSA
(908) 647-6000
500 North Ave Apt 3
Garwood, NJ
Qualifications
Education: Mark Wade has more than 26 years of experience advising affluent clients. He is passionate about addressing the whole picture of his clients financial lives and helping them streamline their financial affairs.Mark graduated from Fairleigh Dickinson Un
Years of Experience: 31
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Employee Benefits, Family Offices, 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, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Mr. Thomas M. Schreiner (RFC®), CSA, LUTCF
(973) 258-1711
110 Hillside Ave Ste 201
Springfield, NJ
Company
Knights of Columbus
Qualifications
Education: King's CollegeWilkes-Barre, PA.Double Major = 1)Economics2)Marketing
Years of Experience: 24
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Retirement Planning, Annuities, Life Insurance, Long Term Care Insurance, Charitable Planning, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Dr. Edwin Hernandez (RFC®), MBA
(718) 439-5750
463 54th Street
Brooklyn, NY
Company
Targeted Instruction, LLC
Qualifications
Education: AS, BS, MBA, Ed.D.Licensed NYS Teacher of MathematicsLicensed NYS School Administrator
Years of Experience: 18
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, personal Coach, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Business Coach, Education Plan

Data Provided by:
Mr. Frank J. Eberhart (RFC®), CEP
(908) 879-4330
57 Main Street
Chester, NJ
Company
The Investment center
Qualifications
Education: Business and Finance majorAuthorSPAN small publishers association of North America, CEP, RFC, member BBB, Chamber of Commerce
Years of Experience: 14
Membership
IARFC, NICEP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Tax Planning, Seminars Work, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, Annuities, Life Insurance, Medical Insurance, Group Insurance, Charitable Planning, Healthcare Accounts, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Stuart M. Stern (RFC®), MBA
(732) 679-7050
18 Throckmorton Lane, Suite #201
Old Bridge, NJ
Company
Stern Capital Management, Inc.
Qualifications
Education: BS, MBA
Years of Experience: 24
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, personal Coach, Retirement Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Business Coach, Education Plan

Data Provided by:
Mr. Sean T. Keating (RFC®), CFP, CHFC
(201) 779-7187
9 Christopher Way
Eatontown, NJ
Company
Patriot Financial Advisors LLC
Qualifications
Education: St. John Fisher CollegeB.S. Business Management
Years of Experience: 5
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Mortgage Loans, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Business Coach, Charitable Planning, Education Plan, Healthcare Accounts, BuySell, LiabCover, Compensation Plans

Data Provided by:
Jason Weberman
(973) 467-6778
Springfield, NJ
Coaching Types
Leadership, Business
Rates
$250/Hr
Gender
Male
Certifications
CPCC

Data Provided by:
Mark T. Wade (RFC®), CSA
(908) 647-6000
500 North Ave Apt 3
Garwood, NJ
Qualifications
Education: Mark Wade has more than 26 years of experience advising affluent clients. He is passionate about addressing the whole picture of his clients financial lives and helping them streamline their financial affairs.Mark graduated from Fairleigh Dickinson Un
Years of Experience: 31
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Employee Benefits, Family Offices, 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, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Stuart M. Stern (RFC®), MBA
(732) 679-7050
18 Throckmorton Lane, Suite #201
Old Bridge, NJ
Company
Stern Capital Management, Inc.
Qualifications
Education: BS, MBA
Years of Experience: 24
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, personal Coach, Retirement Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Business Coach, Education Plan

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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