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Charter School Business
February 2010 Newsletter
YOUR CUSTOMER
By: Rick Van Alfen
Charter schools must produce a better product than traditional public education, or they will fail quickly because students are not compelled to attend.
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Satellite TV for apartment buildings
Satellite TV for Apartments
childrens folding table chairs
Children's folding table and chairs
Business Telecom Network Services
Telecom Network Service Providers
MPLS Network Providers
MPLS Service Providers & Carriers.
Rustic Log Furniture for
Log Cabins.
Rustic Log Furniture for Cabins
Log Home Furniture and
decorations.
Affiliate Websites
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Tuesday, February 09, 2010
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UNDERSTANDING WHAT TO EXPECT
At Providence Financial, we provide both financial consulting and brokering services.
What is the difference between financial consulting and brokering?
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Brokering: A broker searches for and identifies lenders that will likely be a good fit for a given project and presents to them the necessary
information on the prospective borrowing entity, the collateral, etc. A broker should at least know the general types of lenders
that would have an interest in a project and, in many cases, will know of specific institutions most likely to finance the project.
The broker should know how to present the information on the prospective borrower in a manner that will provide the best opportunity
to get a favorable result. A good broker will do all he/she can to meet the needs of the borrower while protecting the interests of
the lender. The broker assists in the documentation and closing of the deal as needed. Once the loan is closed, the broker is paid
either by the lender or the borrower and his job is completed.
Financial Consulting: A consultant takes the above process a few steps further, depending on the needs of the client. The consultant is an advisor, a
strategist, and an advocate for the client. He/she will help the client decide what type of funding or combination of funding
vehicles will be most advantageous for the client. A consultant will assist in preparing a financial package and getting it ready
for a prospective lender to review. The consultant remains available to advise the client throughout the process of
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securing accounting/audit services, appraisals, architects, engineers, or any other professionals who are needed to complete a project because
they may affect the funding parameters.
People use financial brokers and/or consultants for two main reasons. First, those who lack the financial expertise to accomplish
their funding objectives use a broker/consultant to assist them. Second, many people who possess the expertise to do it themselves,
use financial brokers and/or consultants because they are so immersed in other pressing concerns that they need temporary help on
specific projects. Further, a consultant has dealt with so many different financial institutions by using his experience, a client may
save far more money in rates, terms
and fees on a project than it costs in broker/consulting fees.
At Providence Financial, our fees are based on our assessment of the complexity of the task and how much time we think it will take
to accomplish a positive result. Generally, our fees may be included in the loan amount and are paid at closing. Expenses and
certain other costs may be charged separately.
Please give us a call at toll free 1-877-610-6766 to see how we can help you.
The photos on this site are for illustration purposes only and are not meant
to imply that these people are employed by Providence Financial Co., Inc. or
that these projects were financed by Providence Financial Co., Inc.
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