Category: Uncategorized

08 Nov

More Skin in the Game: The SBA’s Proposal to Reinstate the Personal Liquidity Test

Lending regulations are constantly changing, especially those that apply to SBA backed loan products. Earlier this year the SBA instituted a new version of their Standard Operating Procedures (SOP), which included language referred to as the “Personal Liquidity Test” added as part of the Credit Elsewhere Test. The Personal Liquidity Test suggests looking at all […]

16 Jul

SBA Franchise Directory Listing for Broker/Dealers

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 […]

08 Feb

Business Valuation Resource Guide for Financial Advisor Lending

Whether you are seeking a loan for expansion, acquisition, or a partner buyout, you will need plenty of documents, and that often includes a business valuation. At Salt Creek, we use the SBA 7(a) loan program which comes with a government guarantee. It’s this guarantee that helps us offer such competitive rates and terms for […]

06 Feb

How Do We Calculate Global Cash Flow and Why Is It Important?

Usually one of the strongest credit aspects when financing an advisor practice acquisition is the consolidated cash flow that is available from the practice that is being purchased, and the existing practice of the buyer. Often, the practice being acquired can comfortably service the project debt associated with the practice acquisition. This is an ideal […]

05 Jan

Prepare Your Financials Now for Speedier Loan Approvals

Now that we’ve entered a new year, this is the perfect time to update your 2017 year-end financial statements and get them in order to submit to your lender for loan approval. Though it will likely be several more months before you have your 2017 tax returns completed, preparing your year-end financials right away can […]