Making Your Case For a
afar, the commercial lending process may appear comical. On
one side of the desk you have the lenders, who want to manage
their risk by loaning money to only successful business
On the other side of the desk,
you have the business owners — many of whom believe they can't
truly become successful until they get the money!
To avoid this disconnect, you have to approach business
financing as a partnership rather than a provider-customer
relationship. If you were going into business with someone,
you'd want to clearly understand his or her vision for your
venture. It's the same with lenders.
For example, say you're asking for money because your company
is so far behind on vendor payments that it needs the working
capital to catch up. In this scenario, you'll need to make a
case for how catching up on payments will allow you to get the
raw materials needed to make a big push forward on sales.
Or, as another example, you need money to open a new location
in a city nearby. Here, you'll have to produce some solid
market analysis that explains to the lender why your business
stands a good chance of succeeding in a new locale.
shall you put it?
Before you ask for a loan, devise a clear plan for what you
want to do with the money and how you'll repay it. You and
your top managers should be able to verbally articulate your
plan, of course. But craft a written statement as well.
The written statement doesn't need to be a 50-page proposal
bound in embossed leather. It can be one page as long as it
clearly describes your strategic challenge, your plan for
overcoming it, and where and how the lender's money plays into
The lending process can be daunting and, at times,
frustrating. We can assist you in gathering and presenting the
right financial information to secure the working capital
you're looking for. Call us at
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,