JTB Associates, LLC

Website Links

Description

JTB Associates, LLC was founded in 1998 as a full service CPA firm and business advisory firm. We recently merged with a non bank lender now providing in-house accounting to our non-bank partner, as well as dedicating the Chicago office to finding the right funding solutions for your company. Our deals are funded in-house, as well as with our intermediaries. We are approved by over 70 lenders ranging from smaller specialized financing companies to the largest lenders in the country. We have the ability to offer a broad array of financing solutions for businesses large and small across the credit profile spectrum. With access to active financing programs combined with over 30 years of financial services and captial markets expertise, we provide solid solutions in today's difficult credit environment. We do this buy underwriting for our lenders and are very educated on their financing programs and "sweet spots" We invite you to learn about what we have to offer and the new finance programs that are available. Our finance handbook series is intended to ensure you have a good understanding of not only our finance products, but the different finance programs available worldwide.

Contract Monetization, (contract financing or monetizing a contract) is a very flexible financial tool that can provide needed capital to a business. Each transaction can be custom product designed to meet the needs of the borrower, but it does require a UCC filing on the borrowerâ??s equipment. It is much less expensive and onerous than equity or subordinated debt. The capital derived from contract financing can be used for virtually any purpose. The contract must be with a company that has investment grade credit (BBB or higher), OR the equivalent in terms of its financial strength. Federal, State, and Local governments are ideal. The term of a Contract Finance can be as short as 12 months, or as long as 10 years. This product is available to U.S. based companies. Minimum size is $ 1 million with no maximum. Typically, a client will seek to monetize their contract, when they are unable to get financing done through a commercial or merchant banker, and they are turned down from Private Equity Groups and Venture Capital Firms. Companies that do well with contract monetization are typically service providers, manufacturers, and IT consultants, or companies.

At JTB Associates, LLC our mission is to help our clients achieve their goals by providing core CPA services, resources for growth and expansion capital. We also help businesses sell their products by offering financing options that fit your clients needs. Whether your business is a start up or an established business, JTB will give you a specific roadmap to achieve business capital growth.

JTB Associates offers specialized lending to doctors, and medical related industries. We have dedicated Medical Financing Specialists that will come out to your office, and show you cost effectives ways to start, acquire or expand your practice. Most lenders due to lack of practice finance experience, are often reluctant to provide financing for practice start ups, and usually will not adjust their terms to meet your needs. We recognize that start up practices may have low initial cash flow, and offers you the option to make no payments at the beginning.. with graduated payment options for up to 36 additional months. That three years to get up and running.. with help from our Medical Financial Specialists. Itâ??s rare to find someone who takes the time to sit down with you, ask the right questions, and come up with financing specifically designed to help you succeed.

Revenue loans are short term construction loans from 3 months, 6 months, 9 months, and 18 months. We can even do a 1 month loan. What makes us different than other alternative construction finance sources is that our rates are in line with other industries. Other lending sources will distribute a loan, but charge interest rates upwards of 45% just because the client engages in construction. With our business revenue loan, approval depends on many qualitative factors and the strength of the company. A typical approval amount is 8% to 20% of gross revenue, and interest rates start at 16% APR. The loan is flexible, and can be paid back as either fixed amounts, or a percentage as deposits. Payments can be daily, weekly, or monthly, depending on the situation, and what works best for your company. The best part about it is the efficiency and ease of working with JTB Associates, LLC. Approvals are given within 2 business days of receiving a complete application, and funds are distributed between 24 â?? 48 hours, in some cases, funded in 1 day. This allows a construction company to factor interest reserve and contingency funds into the cost of a new building project!.

Products & services

Similar companies nearby