Gulf Coast Bank & Trust Company acquired the assets of KLC Financial, Inc and KLC Capital Partners, LLC (together “KLC”) and is continuing KLC’s success as KLC Financial, LLC, a subsidiary of Gulf Coast. Founded in 1987 and located in Minnetonka, Minnesota, KLC provides specialized lease solutions for vendors and [...]
Navigating your own personal financial world is a tough task. Not to mention keeping your business’s finances in order being an exponentially more complicated endeavor. What about the changing financial world around you and your business? When the federal government changes its approach, it affects many different aspects of overall [...]
In conjunction with having accurate and detailed personal financial statements, a lot goes into the decision to provide financing to a potential client. Oftentimes, your business is doing the right things to be successful in your industry, but one or two things can hold you back from getting the financing [...]
The thought of ownership may seem attractive but depending on your situation, it may serve your bottom line better if you can resist that urge and lease the equipment you need instead. Leasing equipment instead of purchasing it can free up capital which can then be used in other [...]
Recently Spencer Thomas joined Shawn Gardner to discuss “Alternative lending sources when the bank says no.” The article covered the pros and cons of asset based lending, accounts receivable lending, and lease financing. The Vice President of SPECTRUM Commercial Services talked about asset based and accounts receivable lending, while our [...]
KLC Financial has helped businesses get the financing they need to grow their businesses since 1987. One important measure of our success has always been the success of our customers. Today we are proud to highlight four KLC customers in the news for their achievements. You may recall seeing Mercury [...]
We love our customers and we love celebrating their successes! Today we are proudly highlighting four KLC customers that are making headlines for their achievements. Congratulations to The Fehn Chair, St. Croix Valley Blow Molding, Butcher and the Boar, and Mucci’s for their impressive accomplishments! The Fehn The Fehn Chair [...]
Jena Morgan, KLC’s Director of Systems, Solutions and Marketing, recently wrote an article for the AACFB’s magazine, Commercial Break. Pushing Through a Business Plateau For the first few years in the industry, it is common to be in the weeds or in a mode of hustle, hustle, hustle. You are [...]
KLC has been financing businesses like yours since 1987. One of the greatest measures of our success is the success of our valued customers. Seeing KLC’s customers in the news brings us great joy, knowing that our mission of bringing advantageous equipment finance solutions with integrity, depth of knowledge and [...]