Accountant Lending Solutions

Where you are in your accounting practice five years from now depends on what you do today.

You are dealing with an accounting lending specialist. You can expect us to understand your business, including how you make a profit and how debt structure impacts your wealth.

The accounting industry has nuances that define its profitability and challenges.  As a business owner or manager you feel them everyday. Your practice has special challenges too.

As a niche accounting practice lender, we have provided financing for many businesses in your industry.  As a result, we understand the risks and challenges that affect you.

Each niche has it's own financial metrics:

• Current business valuation trends - what have businesses like yours sold for recently?

• Typical revenue streams for your size business - are you above average?

• Typical operating overhead for your type of business - are you more efficient?

• Cash flow averages for your industry - are you making more than your peers?

We don't share information about specific clients but we do share industry trends and common profitability statistics.  If we didn't understand our niche markets, you wouldn't be able to obtain the flexible terms we provide.

Cash flow drives your business.  

Proper debt structuring can make the difference between a good cash flow and great cash flow.  We provide long-term financing for companies in our niche markets, and can help you think through the long-term issues that will impact your business.

Don't take a chance with your future.  Seek a specialist to help you structure the proper debt required to help you reach your goals.  And that's what it's all about.

As an accountant you understand the value of owning your own practice.

So do we. We specialize in financing accounting practice acquisitions because we understand their true value.

We speak your language.

Midwest Bankers Commercial Lending Services understands your profession and how to accurately appraise it. Funding is based on the cash flow of the practice - not just the value of the office equipment. We offer a range of funding solutions to help you acquire your first or grow an existing accounting practice.

Financing available for practice acquisitions, owner-occupied real estate, equipment, working capital and debt re-structuring. For details see each section of our website.

Finance programs include:

• Transactions from $100,000 to $5 million

• Financing up to 100% LTV for acquisitions, equipment & CRE

• Equipment leases with terms up to 7 years

• Business loans with terms up to 10 years

• Commercial real estate construction and permanent loans with terms up to 25 years

Your lender of choice.

We are a niche lender that specializes in select vertical markets. Choose a lender that understands your profession and your objectives.

Financial Advisory Firms

• Growth Case

Midwest Bankers will finance up to 100% of the purchase price of your practice plus the needed working capital to keep you cash flow positive while you build your business. We can provide 10 year terms so you can maximize your monthly cash flow and begin your retirement savings in your first year of ownership.

While client care is the most important aspect of your practice, sound financial planning and management will allow you to retire on your terms. Paying off debt early or having a short term note to get out of debt quickly can actually delay your retirement by decades. Yes, decades.

Do not confuse personal debt with business debt. Business debt should be considered a tool to leverage your financial performance. If deployed properly, you can create extra monthly cash flow to fuel your life and your retirement. Talk to one of our Business Development Officers for more details and some support materials that can help you maintain a strong cash flow.

Required Financial Information

• Completed loan application

• Three years of your signed tax returns

• Personal Financial Statement (signed & dated)- Located on website under "Think Tank" in the "Other" section

• Copy of your resume

• Copy of your professional & drivers license

• Three years of the practice's tax returns

• Current YTD financials for the practice

• Purchase agreement

• Equipment listing

Midwest Bankers Commercial Lending Services specializes in owner-occupied commercial real estate lending. We lend money for new construction, acquisitions and refinancings. We lend up to 80% of the appraised value of the building with terms up to 25 years. We will allow you to borrow your down-payment further leveraging your return.

Midwest Bankers Commercial Lending Services will consider lending you the down-payment if you have qualified collateral like your practice. 100% financing gets you into your building and preserves your cash.

Required Financial Information

• Completed loan application

• A clear and concise description of your project

• Three years of your signed tax returns

• Personal Financial Statement (signed & dated)- Located on website under "Think Tank" in the "Other" section

• Copy of your resume

• Copy of your professional & drivers license

• Three years of the practice's tax returns

• Current YTD financials for the practice

• Purchase agreement for building (if applicable)

• Contracts, plans and specifications for new construction (if applicable)

Do you know the answers?

• What are the key factors to address in order to achieve your retirement goals?

• What is the most effective way to repay your existing debt?

• Should you pay cash for equipment and other purchases?

Most doctors have not spent much time thinking about these questions. Why should you? Because properly structuring your debt can accelerate your retirement by a decade.

Consider the following restructuring example:

• 36 month equipment lease, $19,000, 13% interest, $640 per month

• 36 month equipment lease, 13%, $25,000, $842 per month

• 60 month practice loan, 9% interest $150,000,$3,113 per month

• 48 month car loan, 10% interest, $35,000, $888 per month

• Total monthly payments BEFORE restructuring: $5,483

• Restructure to 120 month practice loan, 11.5% interest, $229,000, $3,219 per month

• Total monthly savings AFTER restructuring: $2,263

Lesson: the term of your loan is important, not the rate.

• Invest the savings monthly for 10 years at 13% and accumulate $552,344 for retirement.

• Maintain the investment for 10 more years and your account grows to $2,012,557.

Can you sustain your lifestyle in retirement with $2 million or do you need more? While we do not offer financial planning, we do understand the concepts of wealth accumulation and can help you properly structure your debt. We can also recommend a financial planner that can put the entire plan together for you.

Required Financial Information

• Completed loan application

• A clear and concise description of your project

• Three years of your signed personal tax returns

• Personal Financial Statement (signed & dated)- Located on website under "Think Tank" in the "Other" section

• Copy of your resume

• Copy of your professional & drivers license

• Three years of the practice's tax returns

• Current YTD financials for the practice

Equipment and Improvement Financing

A project finance transaction typically includes new equipment and leasehold improvements. Our clients projects typically cost more than $100,000 to complete and some get as large as $1,000,000. We can help you with more than just the financing. We pay all of your equipment vendors and building contractors directly so you know they have been paid. We will also monitor your construction project to make sure you don't pay for items that have not been budgeted.

Required Financial Information

For projects up to $100,000 simply fill out the application on this site.

For projects greater than $100,000 please submit the following information.

• Completed loan application

• A clear and concise description of your project

• Three years of your signed tax returns

• Copy of your resume

• Copy of your professional & drivers license

• Three years of the practice's tax returns

• Current YTD financials for the practice

• Purchase agreement for building (if applicable)

• Contracts, plans and specifications for new construction (if applicable)

Consider what projects will accelerate your progress. Then contact us at 317-581-1776 for a confidential discussion with one of our business development officers.

Deals Done

 

Practice Acquisition > Accounting Solo Practitioner > 10 Year Term - $450,000 > Upper Midwest, closed in 5 weeks   CPA from private industry position purchased a $400,000 public accounting practice. Included $50,000 working capital.	Discover the advantages of a strategic partnership with Midwest Bankers Commercial Lending Services. We offer in-depth knowledge of your business. Excellent terms. A seamless lending process. And numbers calculated to build wealth for your organization.   Contact us at 317-581-1776 for a confidential discussion with one of our business development officers.
Practice Acquisition > Accounting Solo Practitioner > 10 Year Term - $100,000 > Northern California, closed in 5 weeks   $200,000 practice adds $100,000 practice acquisition to their existing practice.
Practice Acquisition > Accounting Solo Practitioner > 7 Year Term - $205,000 > Midwest, closed in 4 weeks   CPA buys $250,000 practice.