What is a Funding Executive?

What is a Funding Executive?

Q: What is a Funding Executive? A: A funding executive is a financing expert who interacts with banks and lending institutions on your behalf. They have an in-depth understanding of all the types of business funding as well as a large pool of financing sources. Contrary to a banker, they do not work with one bank or lending institutions but a multitude. Q: What does a Funding Executive do? A: A Funding Executive helps businesses procure financing for their organizations. They select, solicit and negotiate funding on your behalf, representing your interests and not those of any particular banks and lending institutions. For example, your banker can only offer you a loan or line of credit from the bank he/she works for, limiting your options. A Funding Executive, on the contrary, doesn’t work for one bank or lending institution but rather have a ‘distributor’ relationship with multiple banks and lending institutions. That allows the Funding Executive to compare and find the best options available for you on the market. Q: How does a Funding Executive get paid? A: A Funding Executive gets compensated through commission paid on the amount of financing secured. Depending on the type of funding, commission can be paid either by the lending institution or by the business for which funds have been secured. Note: These commissions do not include any preparatory work, performed by their underwriting back office, that may be required. Q: Why do I need a Funding Executive? A: A business loan (or other business financing type) is not the simplest product! A good Funding Executive can navigate you through many question marks, compare...
5 Contract agency opportunities for Florence recovery

5 Contract agency opportunities for Florence recovery

Your company can help in Hurricane Florence recovery efforts Following Hurricane Florence’s September 14 landfall in Wilmington, North Carolina, the Thomas T. Stafford Disaster Relief & Emergency Assistance Act. requires FEMA (Federal Emergency Management Agency) to contract with businesses like yours, located in the affected area when feasible and practical, to help with recovery efforts. Follow these three steps: Register with the System for Award Management (SAM) Complete the Disaster Response Information Section here indicating you want to be included in the Disaster Response Registry. The Disaster Response Registry is used by FEMA and the U. S. Army Corp of Engineers to establish their list of contractors. You can also contact your local PTAC (Procurement Technical Assistance Center) for assistance and to make sure you are registered in all other important databases, like insurance approved contractors. They will assist you with registering for free. Click here to find your PTAC. Complete FEMA’s Industry Liaison Program Vendor Profile form Submit the form to: industry@fema.dhs.gov and look for Contracting Opportunities on the following sites: Federal Business Opportunities (Fedbizopps) Contract opportunities exceeding $25,000 DHS Advance Acquisition Planning System To monitor the DHS Acquisition Planning Forecast System – contract actions exceeding $150,000. Potential Subcontracting Opportunities with DHS Prime Contractors: Information on large business Prime Contractors who are interested in subcontracting with small, small and disadvantaged, women-owned small, HUBZone-certified, 8(a), veteran-owned small, and service-disabled veteran-owned small businesses, complete with tips on how to pursue subcontracting opportunities with them. Secure or extend your line of credit, working capital or other financing tools to withstand partial or delayed insurance and federal payments. If you need assistance,...