Atlanta, Georgia August 18, 2010

Business Banking Thought Leader offers CPAs Important Perspectives for Advising Clients on Business Banking Issues

CEO Bill McDermott will be offerring attendees at the upcoming 2010 Southeastern Accounting Show (SEAS) keen insight in to the challenges of navigating the banking industry in this current economy. 

In "Your Banking Relationship, a Case Study, McDermott will give perspectives on
The current state of the banking industryThe effect commercial real estate loans will have on banks and our economyThree case studies of banking relationships and how these clients successfully worked with their bank to get what they wanted"With the changes in the banking landscape, clients are dealing with anything from their bank was just closed by the FDIC and their loan is now held by a bank they never heard of before.  They may find themselves transferred to the Special Assets division of a bank and have no idea what that is and why they’re there.  They may find themselves being asked to sign a forbearance agreement because their bank asked them to sign and they have no idea what it is or why they’re being asked to sign it." McDermott says.

Over 1,500 CPAs will attend the 2010 Southeastern Accounting Show, which starts Wednesday at the Cobb Galleria Centre in Atlanta.

About McDermott Financial Solutions
McDermott Financial Solutions is a business banking advisory firm for business owners.  We leverage over 30 years of banking experience and contacts to provide a services comprised of loan packages, bank presentations and other consulting services to help companies ensure that growth will never be slowed by an inability to find financing.  We're like a GPS for banking.  Visit us at www.mcdfs.com

For Immediate Release

Atlanta, GA June 1, 2010

McDermott Financial Solutions Launches The Financial Health Checkup

"Business owners are having a hard time getting a bank to yes to their loan request, it may be time to understand why" says Bill McDermott, CEO and owner of McDermott Financial Solutions. The Financial Health Checkup is an important piece of the company's suite of business consulting services for business owners.  It starts with a full analysis of the last three years of financial statements.  The analysis presents trends in a company's balance sheet, income statement and cash flow that the business owner may or may not be aware of.  McDermott Financial looks for changes in leverage, liquidity, profitability and activity and helps the business draw conclusions about their overall financial health.  This is what a client said recently about their Financial Health Checkup:

"Bill's true value to a business owner is the ability to make the numbers simple and provide clear direction on what levers can be pulled to improve overall margins and profitability. I feel lucky to have found a real person, who has real knowledge, who builds real relationships and is a real joy to do business with!”

You might be thinking about selling your company to a strategic or financial buyer. The Financial Health Checkup can be an annual exercise to be sure you are on track to your business succession plan or exit strategy.  

For further information, contact Bill McDermott at 678-597-8184 
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"Bill listens to your plans and figures out a way to make them happen.  I have known Bill for over 15 years and highly recommend him"

Robert W. Darden, CPA

"I hired Bill to help finance a permanent loan on a new business venture.  When others see obstacles Bill sees opportunity.  His knowledge of the banking business and his long term relationships in the industry are extremely valuable to his clients."  Tom Major, CEO, Major Concepts

"I've enjoyed our relationship with Bill.  It's not often you find someone who is knowledgeable about banking as well as small business.  He responds to questions quickly.  I would highly recommend Bill as person to handle your business banking needs."  Ruth King, CEO, On the Ribbon 

"Having had numerous opportunities to work with Bill McDermott on a business level, I can personally attest to his professionalism, integrity, and superior knowledge of the lending profession.  My company, CTR Partners, represents the interests of firms that are leasing or purchasing commercial real estate.  We always enthusiastically recommend Bill to those firms who have a lending need, as we know he'll end up making us look good in the process!" 

Kevin Murray, Managing Partner, CTR Partners