October 25, 2020
Published by 
Nicole Vullo on October 25, 2020
Nicole Vullo on October 25, 2020One service area that we are always asked for insight and guidance on is our Business Financing Services. For this month’s column, we combined all of the most popular financing questions into one comprehensive article. Continue reading below as Doug Gober, Partner provides some insights on SBA financing, debt refinancing, borrowing limits, and more. Question: Why would I want to get SBA financing instead of going to my local bank? Doug Gober: Since its inception, SBA lending has become very popular because it opens the door to a larger base of entrepreneurs transitioning into businesses. It does so by reducing the amount of initial investment required and extending the terms on of the loan. Unless you have significant investment dollars available, it is difficult for quality, skilled people to become a business owner using conventional lending. Conventional commercial lending effectively […]
October 22, 2020
Published by Nicole Vullo on October 22, 2020
Nicole Vullo on October 22, 2020Recently, a Foresight client reached out to our team with wonderful news to share. Their lender had completed the review of their PPP Forgiveness application and approved their amount in FULL! We knew that the Small Business Administration officially opened their Paycheck Protection Program loan forgiveness portal to lenders back in August. And of the millions of loans approved under the program, the SBA had only received thousands of forgiveness decisions from lenders. Ultimately, the PPP loan forgiveness process is a lengthy one. It requires the small business to complete the application and submit it to the lender. The lender then has 60 days to give its decision. That decision is then relayed to the SBA, who then has 90 days to process and finalize the application and reimburse the bank for the loan. There is also the possibility of […]
September 21, 2020
Published by Nicole Vullo on September 21, 2020
Nicole Vullo on September 21, 2020We were recently asked what the process would entail for a successful business owner to now branch out and explore new business ventures, specifically Pet Services. John T. McQueen, CFSP, Director of Client Experience provides some insights on how to expand your business and where to begin. Question: My family and I have been running a successful funeral home for many years. We have begun to look into new ventures to expand our business and are interested in pet services. What advice can you offer us and where do we begin? John T. McQueen: Pet services can be a great addition to your funeral home offerings, but it must be well-thought out and planned. There are also three basic models you can use to start a pet business – pet burials, pet cremations, and combination. Most funeral homes that start […]
September 21, 2020
Published by Nicole Vullo on September 21, 2020
Nicole Vullo on September 21, 2020Many funeral home owners are considering opening a discount cremation brand to defend their market share from aggressive competitors. Seems like an obvious idea, but is it the smart thing to do? That depends. On this episode, John T. McQueen, CFSP joins Welton Hong and Ellery Bowker to share his expertise. John, was a successful funeral home operator who simultaneously grew brands at the high and low ends of the market. Click the video below to learn the answers to these three important questions: How to decide if you should (or should not) open a discount cremation business How to avoid cannibalizing your traditional business How to create differentiation between the brands to show value and support pricing
September 1, 2020
Published by Nicole Vullo on September 1, 2020
Nicole Vullo on September 1, 2020Dan Isard, Doug Gober, and Chris Cruger bring long time industry leader to join their team Phoenix, AZ—September 1, 2020 — “We are pleased to announce we have brought on an established industry leader, John T. McQueen, to our ever-growing and dynamic team. The addition of John as our Director of Client Experience allows us to deliver the highest level of knowledge and expertise to our clients,” Dan Isard, the founder and managing partner of The Foresight Companies, recently announced. “John conveys sincerity, confidence and reliability at the highest level. His capabilities and experience in this profession will provide a high level of knowledge to our clients and the entire industry. We couldn’t be more excited to have John on board,” Isard added. “I am excited to be a part of The Foresight Companies and to have the opportunity to […]