Covid has brought many changes and challenges to the financial industry. It has also brought opportunity in the form of government programs designed to keep small businesses not only open, but also growing. Chief among them are the SBA 7(a) and 504 loan programs, which are designed to make credit accessible to business owners looking […]
When applying for a business loan, you want to take advantage of every opportunity to speed up and streamline the lending process so your business can get the funds it needs as soon as possible. In addition to being prepared with key documents and being a responsive and responsible borrower, another way you can enjoy […]
Lending has evolved over the past decade. The unfortunate actions of a few have led to increased regulations and, as a result, an increase in the amount of information that has to be gathered and vetted during the loan process. Of course, due diligence is a critical component of sound lending practices and although it […]
The value of any financial advising firm lies in its book of clients. It’s that value that serves as the basis of monetary worth during an acquisition. The projected return on investment justifies the expense of purchasing, that is if the buyer can maintain that book of business once the deal is closed. As lending […]
Is your Broker/Dealer on the SBA Franchise Directory? They need to be for SBA lending. Considering an SBA loan to help grow your financial advisor practice? If you operate under any type of signed agreement with a Broker/Dealer (think rep agreement), those agreements need to be reviewed by SBA, and the brand listed on the […]
With April 17th a few days away, you are probably hurriedly preparing your documents and getting everything in order to file your taxes. We wanted to take some time to clarify what details you will need to provide a lender for financial analysis for your financial advisor loan. As is normal with tax topics, this is […]