Financial Poise Webinars
Practical and entertaining education for business owners and executives, Accredited Investors, and their legal and financial advisors.

BUSINESS BORROWING BASICS


Dealing With Defaults- What to Do and Not Do When Your Company Violates its Loan Agreement

You can view the accompanying slideshow for free by clicking the “On Demand” button below.

To view this webinar for CLE/CPE credit, click here.

When a company defaults under a loan agreement the results can be catastrophic to the company, and any guarantors of the loan. On the other hand, some defaults are much easier to deal with than others, and even significant defaults can be dealt with in a manner that avoids disaster. This webinar explains the different types of defaults, the range of lender reactions to various defaults, and how to best deal with them. In particular it focuses on the steps borrowers and their advisors can take to keep the lines of communication open and mitigate the negative effects of a default.


Financing a Business With Help From the Feds: SBA Loans and Other “Special Programs”

You can view the accompanying slideshow for free by clicking the “On Demand” button below.

To view this webinar for CLE/CPE credit, click here.

A new or expanding business may want to consider looking to the United States Small Business Administration (“SBA”) for help with financing. The SBA participates in a number of loan programs designed for business owners who may have trouble qualifying for a traditional bank loan. Such programs are not direct loans from the government but, rather, involve a government guaranty.  The guarantee typically covers between 75% and 90% of the loan, thus eliminating much of the risk for the actual lender and enabling the lender to offer more favorable to borrowers. The downsides are that additional paperwork needs to be filed, extra fees need to be paid, and it takes longer to get a decision. This webinar focuses on two such programs (504 and 7a), and touches on some other alternatives borrowers have to leverage the government’s support of small businesses.


Alternative Financing – When the Bank Says “No”

You can view the accompanying slideshow for free by clicking the “On Demand” button below.

To view this webinar for CLE/CPE credit, click here.

Just because the Bank says “No” doesn’t mean a business is out of options. Even before the Great Recession there were plenty of “alternative” (non-bank) lenders but the number exploded in the past several years.  Peer-to-peer lending, alone, came out of nowhere just a few years ago to become a major source of financing for millions of businesses. And this new business model is just the latest entrant into the larger category of what is commonly called “alternative lenders.”  Indeed, just listen to a business radio station, go to a business-focused website, or open your morning mail, and you are likely exposed to all sorts of advertisements asking you if your business would like a loan- fast and with few questions asked.  This webinar paints a picture of what the alternative lender landscape looks like, how to access it, how to assess individual lenders and discusses the pros and cons of going various routes.


Negotiating a Loan Agreement

You can view the accompanying slideshow for free by clicking the “On Demand” button below.

To view this webinar for CLE/CPE credit, click here.

Like most other important contacts, the contract by which a bank (or other lender) lends money to a borrower is commonly governed by a written contract: the loan agreement.  This is somewhat misleading, however, since the relationship between borrower and lender is commonly governed by a number of separate documents, with the “loan agreement” being just one. Others typically include a security agreement, a pledge agreement and a personal guaranty. Many lenders present the loan documents as “take it or leave it” propositions.  Most lenders, however, are in fact willing to negotiate.  The terms that a lender will agree to will depend on a number of factors, including the creditworthiness of the borrower, the nature of the borrower’s business and the level of competition among lenders. This webinar provides guidance on what terms are “market,” what terms are more easily negotiated, and strategies to negotiate loan terms.