The Six Rules of Business Borrowing West Palm Beach 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.

Ron Cocquyt
(586) 246-4503
West Palm Beach, FL
Coaching Types
Business, Entrepreneurship, Executive
Rates
$125/Hr
Gender
Male
Certifications
American Consultants League

Data Provided by:
Mr. Barry L. Dayley (RFC®), CFP
561 472 2000 ext. 85050
11440 North Jog Road
Palm Beach Gardens, FL
Company
Money Concepts International, Inc.
Qualifications
Education: BS - Financial & Estate Planning - Brigham Young University - 1980
Years of Experience: 29
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Stocks and Bonds, Mutual Funds, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Robert G. Thornton (RFC®), CEP, CSA
(386) 774-5610
P.O. Box 530730
Debary, FL
Company
Robert G. Thornton, P.A.
Qualifications
Education: BS Aerospace EngineeringCertified Estate PlannerLicensed Real Estate BrokerLicensed Life, Health and Annuity Broker
Years of Experience: 15
Membership
IARFC, NICEP
Services
Invoice, Estate Planning, Business Planning, personal Coach, Seminars Work, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Business Coach, Compensation Plans

Data Provided by:
Marvin H. Feldman (RFC®), CHFC, CLU
(727) 723-9020
Corporate Square
Clearwater, FL
Company
Feldman Financial Group
Qualifications
Education: BS
Years of Experience: 44
Membership
IARFC, MDRT, AALU, SFSP, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Charitable Foundations, Asset Protection, BuySell

Data Provided by:
Dr. David S. Wimberly (RFC®), CHFC, CLU, CPA, MBA, RFP
(850) 219-5750
6811 Donerail Trail
Tallahassee, FL
Qualifications
Education: B.S. Florida State University 1973;M.Acc. Florida State University 1975;M.S., University of Florida 2008;
Years of Experience: 36
Membership
IARFC, AICPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Tax Returns, Family Offices, Collectable Coins , Precious Metals, Life Insurance, Business Coach, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
John P. Walsh (RFC®)
(561) 472-2000
Norht 11440 Jog Road
Palm Beach Gardens, FL
Company
Money Concepts International
Qualifications
Education: University of Detroit
Years of Experience: 45
Membership
IARFC
Services
Estate Planning, Business Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Charitable Planning, Education Plan, Healthcare Accounts, BuySell, 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:
Mr. David S. Appleby (RFC®), CHFC, CSA
(941) 739-5006
2048 43rd Ave W
Bradenton, FL
Company
BeeSure Services Inc.
Qualifications
Years of Experience: 5
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Medicaid Planning, Tax Planning, Tax Returns, Employee Benefits, Stocks and Bonds, Mutual Funds, Precious Metals, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Auto Home Insurance, Charitable Planning, Asset Protection, BuySell

Data Provided by:
Mr. Don Austin Bennett (RFC®), CEP, CSA
(863) 709-1086
5130 S. Florida Ave. Suite 405
Lakeland, FL
Company
Group Plans, Inc
Qualifications
Years of Experience: 19
Membership
IARFC, NAIFA, NICEP
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Employee Benefits, 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

Data Provided by:
Ray Terzynski (RFC®)
(386) 677-5004
5146 Beach Dr SE Apt A
St. Petersburg, FL
Company
Terzynski Associates
Qualifications
Education: University of Miami, Coral Gsbles, FL BEd 1972
Years of Experience: 28
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Medicaid Planning, Seminars Work, Employee Benefits, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

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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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