News Grid

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 […]

18 Oct

Strategies to Retain Clients After An Acquisition

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 […]

12 Apr

Tax Time: What’s Needed For Lending

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 […]

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 […]