The Six Rules of Business Borrowing Summerville SC

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. Robert L. Gardner (RFC®), CHFC, CLU, LUTCF
(843) 837-8562
1536 Fording Island Road, Suite 101
Hilton Head Island, SC
Company
Wealth Strategies Group
Qualifications
Education: CLU, ChFC, LUTCF
Years of Experience: 29
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Executive Compensation Planning, personal Coach, Retirement Planning, Seminars Work, Stocks and Bonds, Mutual Funds, CommOptions, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Business Coach, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
David E. Moore (RFC®), LUTCF
803 613 9486 x-12
Talbert & Moore Business Center
North Augusta, SC
Company
Talbert & Moore Financial Group
Qualifications
Education: MDRT, RFC, CLTC, LUTCF
Years of Experience: 20
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, LiabCover

Data Provided by:
Sheena Prailleau
(803) 767-8688
Columbia, SC
Coaching Types
Life, Health and Fitness, Business
Rates
$65/Hr
Certifications
RN, MSN

Data Provided by:
Mr. Richard L. Leverette (RFC®), LUTCF
(803) 309-3824
PO Box 389
Ballentine, SC
Company
Brokerage Consultants
Qualifications
Years of Experience: 36
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Medicaid Planning, Seminars Work, Employee Benefits, Mutual Funds, Mortgage Loans, 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:
Donnie L. Campbell (RFC®), RHU
(864) 627-5515
P. O. Box 26147
Greenville, SC
Company
Financial Management Group
Qualifications
Years of Experience: 28
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Employee Benefits, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Antonina Geer
(864) 416-1372
Greer, SC
Coaching Types
Money and Finance, Business, Christian
Rates
$297/Hr
Gender
Female

Data Provided by:
Mr. John L. Cote (RFC®), CEP, CSA, MBA
(843) 467-2881
1200 48th Ave N Unit 102
Myrtle Beach, SC
Company
FinancialNsights, Inc.
Qualifications
Education: B.S. Accounting - Clemson University 1975M.B.A. Duke University - 1988
Years of Experience: 12
Membership
IARFC, MDRT, FPA, NICEP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
E G Sebastian
(843) 252-9966
Beaufort, SC
Coaching Types
Business, Leadership, Relationship
Rates
$550/Hr
Gender
Male
Certifications
CEC - Certified Empowerment Coach (through IPEC Coaching)

Data Provided by:
Todd R. Rhine (RFC®), CFP, CHFC, CLU
(843) 682-4041
7 Finch Street
Hilton Head Island, SC
Company
Todd Rhine Planning
Qualifications
Education: BS
Years of Experience: 16
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Seminars Work, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, CommOptions, Collectable Coins , Precious Metals, 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, A

Data Provided by:
Bolen Paul Cfp
(843) 875-2133
810 Travelers Blvd
Summerville, SC
 
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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