KLC Financial is excited to announce the addition of five new team members to our growing family. With their diverse experiences and expertise, we are confident that these new hires will bring a fresh perspective and help us achieve our goals in 2023 and beyond. Lori Gulbranson, Staff Accountant – [...]
KLC Financial is extremely happy to announce the hiring of Brett Sorensen as Vice President of Sales & Marketing, the promotion of Gyles Uhlenhopp into program development, the promotion of Nicole Van Keulen into business development, and the hiring of Leah Kutsch as a Credit Analyst. Sorensen joins the organization [...]
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 [...]
Credit is extremely important. It helps many aspects of your business, especially with cash flow. But the differences between Personal and Business credit are numerous, and when thinking about using your personal credit to help your business, you should think twice before acting. Personal Risk Associated With Business Performance When [...]
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 [...]
Personal Financial Statements are vital to the success of a loan application. The key to making it easier to set up is to get one now and routinely update it as time goes on. If you don’t have one, now is a great time to start, that way you can [...]
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 [...]
Your business is successful. It’s bringing in clients, retaining them and business is running smoothly. That means business could be growing or expanding, so is your company ready to grow? Sure, you can hire more team members or expand your offerings, but from a fundamental business standpoint, how can your [...]