Commercial Lending Solutions » Featured

Bridging the Gap Between Hospitals and Senior Living Communities

cls — Tue, 01 Jun 2010 15:32:17 +0000

I had the pleasure of interviewing Ron Henry, Chief Development Office for North Fulton Hospital and Kamela Sooknanan, RN Associate Administrator of Clinical Quality Improvement for North Fulton Hospital.

Both Ron and Kamela have work diligently to increase the quality of care for the senior patients who enter into care at North Fulton Hospital.

We met to discuss an outreach program that they have developed to bridge the lines of communications between the hospital and the senior living communities that serve the patients being admitted to North Fulton Hospital.

The outreach program is 3 pronged:

1. Care Transitions Task Force-which is made up of clinical representatives from a senior community. North Fulton is currently seeking more communities to become involved in the task force. If your community is interest in becoming involved in the solution to care for seniors please contact Kamela Sooknanan at (770) 751-2973 or email to kamela.sooknanan@tenethealth.com.

2. Senior Care Network

3. ACE Unit

To learn details about each of the three components to this cutting edge approach to senior care, be sure to watch the video…

Can Telecommuting Really Work?

cls — Mon, 29 Jun 2009 20:18:31 +0000

As I have started to grow my team of Commercial Loan Consultants, most of who would much rather work from home than drive into the office daily; I have an urgent need to put basic processes in place to insure timely communication amongst us. I must admit that the thought of not seeing them is a little concerning for me. How can we develop a close knit team if we are rarely together? I was watching this video on msnbc that answered many of my questions.

http://www.msnbc.msn.com/id/21134540/vp/31444409#29678141

I am eager to try many of the things that are working for the company they interviewed, especially video conferencing. They hired a consultant to go out to each team member’s location and set up the necessary technologies as well as train them on how to use it. I spoke with a IT friend of mine Bob Wells, with Bob’s Computer Company and here is what he had to say, “Telecommuting/working is definitely a big deal these days. Today’s technologies make it easy to setup and use; employees can access company resources, email, line of business applications, data, you name it 24/7. It just makes sense.” For more information regarding Telecommuting, Please contact Bob Wells (678)315-0954 www.bobscomputercompany.com

The Truth About the SBA Guaranteed Loan

cls — Mon, 18 May 2009 13:08:14 +0000

Rarely a day goes by without an entrepreneur contacting CLS about funding their current business or starting a new venture. At least once a week, without fail, someone will say, “The SBA turned down my loan request”. This is probably one of the most inaccurate statements in Small Business Lending. SBA is not a lender. It can not turn down your loan request. The SBA guarantees the funds after the lending institution makes the lending decision.

If you need money for your business, your first thought is go to your local bank and speak with your favorite banker. The banker than takes your request to their loan officer. Once this person reviews your information, they will contact and advise you as to whether or not your request fits into their lending parameters. This is the key to securing funding for your business with any lending institution. Does your need fit their portfolio requirements?

Lending Parameters are very real and vary from lender to lender. For example, there are some lenders who prefer not to include hotels in their lending portfolio, which means a customer desiring to acquire or construct a hotel would not fit into their lending practices.

True story…. I received a referral from a lender who was unable to fund the construction of a hotel for one of her favorite customers. The project itself made sense. The borrower had bought and built over 14 hotels over a 20 year span. All of those hotels still in his portfolio are performing well even in this economy. He has already invested over $1.2 million of his own capital in this project and needs less than $3.0 million to complete it. His personal financial statement is stellar and experience level superb. So why on earth would a lender not do this project for one of their longtime customers? Because the property type (Hotel) no longer fits into their lending parameters. Simply put, the lender is not interested in hotels.

The beauty in this is there’s funding available with other lenders who actually have a taste for YOUR business. Whether it’s a restaurant, hotel, office building, industrial building, etc., the key is to find the right fit for both the lender and borrower. This is one of the values of working with a reputable commercial broker. For example, CLS has already made the upfront investment with dozens of funding resources to understand their lending parameters, their appetite for certain transactions and their tendencies for SBA guaranteed loans. Bridging the cause of borrowers and lenders, that’s what CLS does best. What’s your cause?

Erica Parker, Owner/Broker Commercial Lending Solutions www.clscause.com