Bank Consulting
FMC assists bank clients in several critical areas ranging from bank acquisition and start up to various aspects of operations, lending, investment and compliance.
Bill Lucado has extensive bank consulting experience including starting banks and being President and CEO of a payment services oriented bank. He has performed analytical, compliance, lending, and specialized payment services for banks and non-bank financial institutions. He has been working in FinTech since the starting of electronic payment services in trucking and the automation of credit card acquiring at retailers and supermarkets.
Recent projects include assistance in formation and organization of a new company to acquire one or more banks, location of a small TN bank for purchase; securing non-bank financing services for clients, such as factoring for clients and other transaction processing work. In 2020, our major project is working with a client on establishment of an internet bank.
Accounts Receivable (FACTORING) Finance
NON-RETAIL BUSINESS
FMC assists operating companies in obtaining financing based on their receivables. Sometimes our clients qualify for accounting receivable financing. But often they are best served by our having a reputable, highly skilled factoring company handle their receivables.
Factoring involves the sale of a business's invoices (receivables) for almost immediate funding.
- Provides working capital, converts receivables to cash within 24 hours.
- Reduces credit problems, as the factoring company helps screen customers.
- Reduces collection problems making cash flow more predictable.
Any business selling to other companies can be a candidate for accounts receivable finance or factoring.
For example:
- Trucking and transportation
- Staffing and home healthcare
- Manufacturing and distribution
- Technology services
Business GROWTH
FMC is a long established, independent consulting firm working with banks, specialized lenders and companies.
We help locate equity capital investment or term financing for growing companies. We do this with our specialized referral partners,
Bill Lucado has successfully worked on over 20 acquisitions and mergers.
These projects have ranged in size from small companies to large regional debit networks and processors.
Additionally he has worked with several start up companies including both a commercial bank and a credit card bank where he secured the charters, from the regulatory authorities.
Equipment Finance
FMC helps client companies finance capital equipment. Equipment can be trucks, construction equipment or some type of office or factory equipment.
This financing generally involves lease financing.
Additionally, FMC offers fee based assistance to professionals, e.g. doctors, dentists and attorneys, in securing financing for their offices.
Merchant Cash Advance & Merchant Credit CARD PROCESSING
RETAIL BUSINESS
FMC assists businesses serving retail customers by securing Merchant Cash Advances. These advances are made based on the company’s monthly credit card volume.
These advances against the retail business’s future credit card receipts are used by companies in various businesses.
The top industries served include the following:
Auto Repair Grocery Stores
Bars/Nightlife Light manufactures
Contractors Restaurants
Dentists Retail Stores
Doctors Salons/Spas
Gas Stations Plumbers
Gift Stores Sporting Goods Stores
We also help retail customers locate and obtain highly efficient, service-oriented credit/debit card merchant processing services.
SBIC Lending
BUSINESS PLANS
Many growing businesses need business plans for both their bankers and for managing their business. Business plans helps companies manage their growth.
- Basis for budgeting
- Key information for cash flow management
- Data for marketing planning
- Information on managerial performance securing SBIC loans.
BANK CONNECTIONS
We provide the introduction to banks providing SBIC lending.
We have an independent outside consultant that is highly experienced in preparing business plans.
The plans he prepares are suitable for presentation to the SBA lenders for SBIC loans.
Many banks do not offer accounts receivable or inventory financing.
We offer our bank clients the opportunity to retain relationships with these clients, while obtaining specialized financing from other institutions that are not competitors of the referring bank.
Venture Capital
FMC helps locate venture capital investment for existing, well performing companies.
Venture Capital Projects are long term, highly intensive projects that require extensive consulting time and effort.
We have the expertise and the connections.
We are currently working on venture capital deals in both health care informatics and financial services.
We generally require both initial retainers plus performance fees for venture capital finance.
