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The Six Rules of Business Borrowing Telford PA

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. Steven R. Sanson (RFC®), MSFS
(215) 256-7845
425 Main St
Harleysville, PA
Company
Financial Voyages LLC
Qualifications
Education: Master of Science in Financial ServicesB.B.A.- Economics
Years of Experience: 13
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Seminars Work, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Auto Home Insurance, Charitable Planning, Education Plan, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided by:
Mr. J Drew Shumski (RFC®), LUTCF
(215) 822-1818
595 Bethlehem Pike Suite 202
Montgomeryville, PA
Company
Wealth Planners Group
Qualifications
Education: BS, LUTCF
Years of Experience: 18
Membership
IARFC, MDRT, NAIFA, GAMA
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, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Education Plan, Healthcare Accounts, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Mr. Thomas A. Kalejta (RFC®), CHFC
(610) 831-2195
740 W Main Street
Trappe, PA
Company
Kalejta Financial Management, P.C.
Qualifications
Education: BS Degree in Business and Marketing from Penn State
Years of Experience: 17
Membership
IARFC, 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, Tax Returns, Seminars Work, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto

Data Provided by:
Susan Sussman
(610) 825-8572
Lafayette, PA
Coaching Types
Life, Performance, Business
Rates
$200/Hr
Gender
Female
Membership Organizations
MCC

Data Provided by:
Marla Mosser
(610) 807-9035
Lehigh Valley, PA
Coaching Types
Leadership, Executive, Business
Gender
Female
Certifications
MBTI, MRG Leadership 360, Prosci Change Management

Data Provided by:
Mr. George P. Brown (RFC®), CHFC, CLU
(215) 822-6601
190 Bethlehem Pike, Suite One
Colmar, PA
Company
Summit Trust Company
Qualifications
Education: BSME - USMMABusiness - Hofstra Univ.
Years of Experience: 54
Membership
IARFC, SFSP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Seminars Work, Mutual Funds, Precious Metals, Annuities, Life Insurance, Business Coach, Charitable Planning, Charitable Foundations, Asset Protection, BuySell

Data Provided by:
Kurt W. Hesser (RFC®), LUTCF
(215) 993-1548
P.O. Box 127
Chalfont, PA
Company
MEMBERS Financial Services
Qualifications
Years of Experience: 22
Membership
IARFC, MDRT
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Mr. Joel A. Goodhart (RFC®), CLU, CSA, LUTCF
(610) 825-4066
4066 Butler Pike
Plymouth Meeting, PA
Company
BIRE Financial Services
Qualifications
Education: B.A. Temple University 1975
Years of Experience: 35
Membership
IARFC, MDRT, SCSA, SFSP, NAIFA, SCRFA, NICEP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Employee Benefits, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Education Plan, Healthcare Accounts, BuySell, Compensation Plans

Data Provided by:
Corinne Valentine
(267) 918-8658
Abington, PA
Coaching Types
Life, Business
Rates
$50/Hr
Gender
Female
Certifications
Certified by CTA in August 2011

Data Provided by:
Penny Zenker
(484) 362-7228
Devon, PA
Coaching Types
Executive, Business, Life
Gender
Female
Certifications
CPC, NLP Master Practitioner
Membership Organizations
ACC

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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