DRDA, P.C. Works With Lenders Using A BORSA Plan

As Wall Street continues to fluctuate lenders grow increasingly cautious, yet still look to increase their loan volume. The experts at DRDA, P.C. work closely with professionals in the lending industry to formulate a solid business plan so that money obtained through a BORSA plan or SBA loan is spent wisely.

To reassure lenders that DRDA, P.C is diligent in asking the right questions when conversing with prospective business owners such as:

• Do you have a financial plan? – Having a financial plan is important because having something to measure against is a great way to keep track of goals and yield wealth. A financial plan is more than just a budget, and DRDA, P.C business consultants work hard to create a personalized map to a bright financial future.
• Are you willing to spend money to make money? – As attracting customers is the most important part of operating a business, new business owners need to set aside enough funds to cover advertising and marketing expenditures.
• Are you a risk taker? – Everyone knows that small businesses are risky ventures so someone looking for a risk-free investment needs to look elsewhere. Taking a risk may pay off in the long run, so unless a risk is taken in the first place, a new business will rarely succeed.
• What are your expectations? – According to the U.S. Small Business Administration working long hours for little pay is essentially what new business owners face for the first two years of operation before establishing themselves as a reputable business. DRDA, P.C. works with prospective business owners to access their expectations and advise them accordingly before discussing financing options.
• Do you have an exit strategy? – USA Today states that around 85 percent of new businesses fail within the first year and 70 percent in the second. DRDA, P.C. assists owners with their exit strategy to ensure that they formulate a plan in the beginning, rather than when it’s too late, to increase the odds of future success.

Executives at Sunbelt Business Brokers say:

“I have had nothing but pleasant experiences with DRDA, P.C. Every step of the incorporation and BORSA process was done in a timely and efficient manner” and “DRDA, P.C. has demonstrated the flexibility of the BORSA plan providing alternatives not just a cookie cutter format. We are very pleased and will continue to use them. "

Lenders at Amegy Bank in Houston say:

“I have completed several BORSA plans with DRDA and have been extremely pleased with every aspect of the transaction. They were efficient and professional and we look forward to a long and productive relationship,” and “They were able to provide the necessary equity injection through the use of the BORSA structure in an efficient and timely manner, which makes us realize how essential this service is in our efforts.”

To learn more about the BORSA plan and the knowledgeable staff at DRDA, P.C contact them today at 281-954-6040 or visit online at www.drdacpa.com.