A Message from Our CEO
This month has been an exciting one for Fordham Capital! I am honored to have been accepted into Forbes Business Council and am excited to get started. Check out the announcement in our What’s Happening section below.
For this month’s topic, I wanted to address one of the things I get asked about frequently which is what advice I would give to anyone applying for an MCA loan. I always stress to people how important it is to make sure they read the fine print. Before signing your name and agreeing to any transaction, you should always ensure that you understand the terms and conditions. Since there are a variety of lending alternatives in the market, you need to pay attention to the conditions of the contract. Know their repayment plans and find out if there is an advance payment at a set date that you may not be ready for. Ask if there is an early pre-payment penalty or a discount for early payoff. This can save you thousands of dollars. Also, do your calculation to determine if the cost of capital will be more than the principal over the duration of the loan. Lastly, always ask what the total fees are. Many lenders like to hide fees in very inconspicuous places in the contract.”
REVIEW OF THE MONTH
Rob Winston, President and CEO of Fordham Capital LLC Accepted into
FORBES FINANCE COUNCIL
Rob Winston, President/CEO of Fordham Capital LLC has been accepted into the Forbes New York Business Council, the foremost growth and networking organization for small business owners in Greater New York City. He joins other Forbes New York Business Council members, who are hand-selected, to become part of a curated network of successful peers and get access to a variety of exclusive benefits and resources, including the opportunity to submit thought leadership articles and short tips on industry-related topics for publishing on Forbes.com.
Rob says, “I am honored and excited to be accepted into the Forbes Finance Council. Being part of the Forbes platform and having a direct connection to likeminded entrepreneurs and access to Forbes resources will be an instrumental part of Fordham Capital’s growth. I am looking forward to sharing my knowledge and experiences with my fellow entrepreneurs on the Forbes platform and in the business community in order to help as many people as possible reach their business goals and exceed them.”
Click here for the full press release.