Competition & Choice is Critical in Lending

As a Financial Advisor you have done all the heavy lifting of identifying a practice to purchase. You were most likely in heavy competition with other FA’s that also wanted to purchase the practice you are close to finalizing. You spent the time and sweat equity developing a relationship with the seller to get her […]
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It’s Almost Guaranteed A Lender Will Want A Personal Guarantee

In today’s lending environment most conventional commercial loans and all SBA loans require a personal guarantee (either in full or in part) from any principal with 20% or more ownership in the advisory business is required.   For advisors’ cash flow based business models, which are usually light on collateral, a personal guarantee will almost […]
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