Silver fox advisors lunch learn program thursday january 22 2009 financial resources
Download
1 / 14

Silver Fox Advisors Lunch & Learn Program Thursday, January 22, 2009 Financial Resources - PowerPoint PPT Presentation


  • 312 Views
  • Updated On :
  • Presentation posted in: Pets / Animals

Silver Fox Advisors Lunch & Learn Program Thursday, January 22, 2009 Financial Resources. www.silverfox.org. Financial Resources Program Presenters. Gerry Seay xxxx xxxx xxxx xxxx Richard Hendee, Branch President First National Bank 11100 Southwest Freeway Houston, Texas 77031

Related searches for Silver Fox Advisors Lunch & Learn Program Thursday, January 22, 2009 Financial Resources

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha

Download Presentation

Silver Fox Advisors Lunch & Learn Program Thursday, January 22, 2009 Financial Resources

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Silver fox advisors lunch learn program thursday january 22 2009 financial resources l.jpg
Silver Fox AdvisorsLunch & Learn ProgramThursday, January 22, 2009Financial Resources

www.silverfox.org


Financial resources program presenters l.jpg
Financial ResourcesProgram Presenters

  • Gerry Seay

    xxxx

    xxxx

    xxxx

    xxxx

  • Richard Hendee, Branch President

    First National Bank

    11100 Southwest Freeway

    Houston, Texas 77031

    281-776-1702

    www.webfnb.com

  • Glen Shepard, CPA, President

    Catalyst Financial Company

    11511 Katy Freeway, Ste. 300

    Houston, Texas 77079

    281-870-9182

    www.catfinco.com

www.silverfox.org


Strategy for business owners for dealing with your banking l.jpg
Strategy for Business Ownersfor Dealing with Your Banking

  • Why do I need a relationship with a Banker?

  • Prerequisite – Business owner must have right attitude.

www.silverfox.org


Slide4 l.jpg

Strategy for Business Ownersfor Dealing with Your Banking(continued)

  • How do I develop a “Banking” relationship?

  • Basic to all Businesses

    • Profit & Loss Statement

    • Balance Sheet

www.silverfox.org


Slide5 l.jpg

Strategy for Business Ownersfor Dealing with Your Banking(continued)

  • Commitment to learn about your business from a financial focus

  • Action Items:

    • Monthly statements

    • Reconcile bank account

    • Review results with understanding

www.silverfox.org


Slide6 l.jpg

Strategy for Business Ownersfor Dealing with Your Banking(continued)

  • Develop a Financial Business Profile

  • History of Sales and Income

  • One-Year Projection of Sales and Income

  • Cash Flow Forecast

www.silverfox.org


How to deal with your banker in this present financial environment l.jpg
How to Deal With Your Bankerin this Present Financial Environment

  • Regulatory capital requirements

  • Capital required even on unfunded commitments

  • Lenders do not like surprises

  • Transactional Lending OUT – Relationship Banking IN

  • Planning, Planning, Planning

www.silverfox.org


Slide8 l.jpg

How to Deal With Your Bankerin this Present Financial Environment(continued)

  • Bankers are not venture capitalists – want equity in deal…

  • Provide a complete financing request package

  • Make all loan payments on time – If you can’t, contact your lender…upfront

  • Submit current financial data annually

  • Maintain ALL insurance coverage's

www.silverfox.org


Slide9 l.jpg

How to Deal With Your Bankerin this Present Financial Environment(continued)

  • Don’t overdraw your checking account – Red Flag

  • Pay taxes

  • Maintain regular contact with your lender – two way process

www.silverfox.org


Slide10 l.jpg

Alternative Financing OptionsGiven a Tightening in the Credit Market Place

Equity – Selling a share of ownership is either a business owners dream or nightmare.

  • Pros

    • No debt service to worry about

    • Someone to help carry the yolk

    • Additional avenue for future working capital needs

    • New ideas and business strategies

  • Cons

    • Sharing or giving up control

    • Selling wine before its time

    • Partnership is like a marriage

    • Extensive financial reporting

    • Long wait time for due diligence or time to find suitable

      investors

www.silverfox.org


Slide11 l.jpg

Alternative Financing OptionsGiven a Tightening in the Credit Market Place

Subordinated Debt – Debt or subordinated debt gives the business owner a way to raise capital without giving up as much or any ownership.

  • Pros

    • Adds junior capital to the balance sheet

    • Time frame is spelled out in the note

    • Offers acceptable return to investors

    • Typically structured as interest only

  • Cons

    • Ownership might be lost if certain parameters are not met

    • Dollar amount is fixed unlike a revolving credit facility

    • Raising funds beyond family and friends becomes a

      difficult task

www.silverfox.org


Slide12 l.jpg

Alternative Financing OptionsGiven a Tightening in the Credit Market Place

Equipment Leasing – Leases come in many forms. The primary distinction between types of leases is operating versus capital lease. The type of lease will determine whether the lessee or lessor takes the depreciation for tax purposes.

  • Pros

    • Provides a longer amortization

    • Not treated as debt on the balance sheet

    • Matching of sources and uses

    • Option of purchase or turning in the equipment

  • Cons

    • Company may not be equipment dependent

    • Duration of lease

    • Financial requirements

    • Equipment becomes

      obsolete or loses value

    • Project gets cancelled

www.silverfox.org


Slide13 l.jpg

Alternative Financing OptionsGiven a Tightening in the Credit Market Place

Asset Based Lending – Asset based lenders rely on the value of the underlying collateral to minimize the loan’s credit risk. Businesses can borrow on the value of current assets such as Accounts Receivables and Inventory or fixed assets such as property, plant and equipment.

  • Pros

    • Matching of sources and uses

    • Self liquidating facility

    • Allows borrowing against inventory

  • Cons

    • Financial requirements

    • Financial reporting / daily or weekly

    • Fees – unused commitment, facility, audit

www.silverfox.org


Slide14 l.jpg

Alternative Financing OptionsGiven a Tightening in the Credit Market Place

Accounts Receivable Funding/Factoring – Factoring allows companies to leverage their accounts receivables to provide instant and predictable cash flows.

  • Pros

    • Quick turnaround

    • Self liquidating facility

    • Access to monies with marginal or no historical credit history

    • Credit facility increases when sales expand

  • Cons

    • Paperwork flow

    • Added dimension to the accounting process

    • More costly form

      of financing

www.silverfox.org


ad
  • Login