Carter Ingram > Carter's Quotes

“What you do is what matters, not what you think or say or plan.”
― Jason Fried, Rework

“When you don’t know what you believe, everything becomes an argument. Everything is debatable. But when you stand for something, decisions are obvious.”
― Jason Fried, Rework

“Corporate lending involves financial institutions providing loans to businesses – and since businesses are the lifeblood of the economy, corporate lending is really important.”
― Hendrith Vanlon Smith Jr.

“Interest coverage ratio measures a company's ability to pay interest on its outstanding debt. If a company can’t effectively pay interest on its outstanding debt, the likelihood that it can afford new debt is extremely low.”
― Hendrith Vanlon Smith Jr.

“Mezzanine financing combines debt and equity, providing lenders with additional security. If your lender is interested in doing this, just know that’s it’s a way for them to mitigate risk. On the flip side, it may sometimes be smart to come out the gate with this as your offering.”
― Hendrith Vanlon Smith Jr.

“Revolving credit lines allow businesses to borrow, repay, and re-borrow within a specified limit. In terms of managing a business’s cash flow, utilizing revolving credit lines may be a great way to go.”
― Hendrith Vanlon Smith Jr.

“Cash flow analysis helps lenders assess a business's ability to generate sufficient cash to meet debt obligations. In terms of managing your business’s money, free cash flow is a good metric to keep front and center.”
― Hendrith Vanlon Smith Jr.

“Secured loans have collateral, while unsecured loans rely solely on a borrower's creditworthiness. As an entrepreneur, you’re in a stronger position if you have both the creditworthiness piece and the collateral piece.”
― Hendrith Vanlon Smith Jr.

“Bridge loans provide short-term financing until long-term financing is secured. If you’re having trouble getting full financing, try seeking a bridge loan for the time being.”
― Hendrith Vanlon Smith Jr.

“Defaulting on a corporate loan can result in financial penalties and damage the business’s credit. You wanna avoid default by any moral means necessary.”
― Hendrith Vanlon Smith Jr.

“Refinancing involves replacing an existing loan with a new one, often to secure better terms. But it’s a bit of a paradox because to benefit from what may be much needed refinancing, you need to qualify for refinancing.”
― Hendrith Vanlon Smith Jr.

“Lenders often consider a company's industry, market conditions, and competitive landscape in their risk assessment. Everything matters.”
― Hendrith Vanlon Smith Jr.

“Loan amortization schedules outline how loan payments are allocated between principal and interest. These can make the difference between pays as agreed or default at some future point in time.”
― Hendrith Vanlon Smith Jr.

“Working capital loans help businesses manage day-to-day operational expenses. But it’s really important that cash flow optimization is prioritized in this.”
― Hendrith Vanlon Smith Jr.

“Interest rate risk arises when there's potential for interest rates to change, impacting loan costs. It’s a serious consideration for lenders.”
― Hendrith Vanlon Smith Jr., Capital Acquisition: Small Business Considerations for How to Get Financing

“Restructuring may occur if a business faces financial challenges, involving changes to loan terms. It can be a tedious process, but often times, better than the alternatives.”
― Hendrith Vanlon Smith Jr.

“Regulatory compliance is crucial in corporate lending, with financial institutions having to adhere to various laws and guidelines. It represents another set of costs and risks that lenders have to consider.”
― Hendrith Vanlon Smith Jr.

“Currency risk is a consideration in international corporate lending, given fluctuating exchange rates. It represents another set of costs and risks that lenders have to consider when lending internationally.”
― Hendrith Vanlon Smith Jr., Capital Acquisition: Small Business Considerations for How to Get Financing

“Corporate lenders play a vital role in supporting economic growth by providing capital to businesses. Without corporate lenders, the ability and rate at which businesses are able to grow would likely be considerably less.”
― Hendrith Vanlon Smith Jr., Capital Acquisition: Small Business Considerations for How to Get Financing

“Commercial lending is a vital component of the financial industry, supporting businesses in achieving their growth and operational goals. Without corporate lenders, the ability and rate at which businesses are able to grow would likely be considerably less.”
― Hendrith Vanlon Smith Jr.

“Commercial bankers have a responsibility to holistically evaluate the creditworthiness of businesses seeking loans to ensure responsible lending practices.”
― Hendrith Vanlon Smith Jr.

“Understanding the unique needs of each business is crucial in tailoring financial solutions that align with their objectives. It’s never a one size fits all when it comes to financing.”
― Hendrith Vanlon Smith Jr.

“Corporate loans can be used for various purposes like expansion, working capital, or equipment purchases. Sometimes these loans fuel the next level of growth, and sometimes it help keep afloat a company that might otherwise die.”
― Hendrith Vanlon Smith Jr.

“Interest rates on corporate loans can be fixed or variable, depending on the agreement. And depending on the length of the loan, whether it’s fixed or variable can have a significant impact on the risk profile of the loan.”
― Hendrith Vanlon Smith Jr.

“Lenders assess a company's creditworthiness before approving a loan, considering factors like financial health and repayment ability. So if you’re leading a business, it’s really important for you and your team to be proactive about establishing good credit health for the business.”
― Hendrith Vanlon Smith Jr.

“Collateral, such as assets or property, may be required to secure the loan. So as an entrepreneur, it’s something to consider – it’s going to be a good idea to consider what part of your business’s assets can be collateralized, to what extent, and with how much ease.”
― Hendrith Vanlon Smith Jr.

“Corporate loans can be short-term or long-term, depending on the business's needs. Each business’s leaders should think very methodically about future revenue projections and macro conditions, among other things.”
― Hendrith Vanlon Smith Jr.

“Banks, credit unions, and non-bank private lenders are common corporate lenders. But when you’re leading a company, it’s important to think carefully about which of these will be the right partner for your lending needs. Having the right lender may be as important as obtaining the right amount of money.”
― Hendrith Vanlon Smith Jr.

“Loan covenants are agreements outlining specific conditions the borrower must meet during the loan term. If you’re an entrepreneur obtaining a business loan, you really need to think methodically about the loan covenant.”
― Hendrith Vanlon Smith Jr.

“Syndicated loans involve multiple lenders sharing the risk and funding a single loan. Sometimes these are good plays for both lenders and borrowers. If you’re a borrower experiencing difficulty getting approvals, maybe consider the syndication route.”
― Hendrith Vanlon Smith Jr.