I would highly recommend Bill McDermott for any financial solution. He is a highly skilled consultant that was able to help our medical practice obtain a rather large loan ($700k) in order to refinance debt and equipment and also provide working capital. He made the process effortless and was a pleasure to work with. His many years of experience in banking made dealing with the rigors of an SBA loan rather easy. We certainly recommend him without hesitation and look forward to working with him on an ongoing basis.
Dr. Jason Morris, DPM FACFAS | Physician / Partner – Primera Health Group
My business partners and I were frustrated with the inability to find a bank that understood our capital needs. We spent nearly 2 years contacting large and small institutions in hopes of securing a line of credit against our portfolio of single family homes. Phillip helped us structure a credit facility, and found the RIGHT bank that provided us with the necessary capital to grow our business in less than 6 months. We’ve since been using this credit facility to grow our portfolio while building stronger ties with the lender.
Dillip Vara | Bleckley LLC
I hired Bill to assist with my SBA loan application for the purchase of an existing business. Bill assembled my presentation package, kept close contact with me and my lender and was always available when I needed help. He reviewed my approval letter with me and came to the closing. He was a great resource to me during this stressful, but exciting time.
Jackie Seabolt | CPA
I have worked with Bill on several SBA loan requests. Bill does a lot of the heavy lifting and presents the information in a very organized manner. With Bill’s help, I have been able to help existing businesses expand and rebound from the great recession.
Sherry Kinard | Vice President, Brand Banking Company
I was introduced to Bill by a trusted advisor and engaged him to help my small business through a difficult relationship with our banking partner. Bill exceeded all of my expectations by guiding us through the options that existed and negotiating on our behalf with several involved banking institutions and helped us architect a win-win scenario for all involved. I highly recommend Bill for navigating the waters of the banking world as well as helping a small business formulate strategy on how to grow their business.
Randy Geoghagan | CEO, TracePoint Consulting, an ISG Business – Organizational Change Management Specialists
The quarterly financial review with McDermott Financial serves to keep us on task towards achieving our monthly, quarterly and annual goals. We set a plan, we go to work with certain expectations and measure our performance against those expectations with Bill. The review is a key tool in our overall strategy for our business.
Ken Madren | CEO, PermaTherm
Bill McDermott’s thorough understanding of the banking industry made him invaluable to us. With knowledge, expertise, and care and concern for clients, Bill McDermott and McDermott Financial are highly recommended.
Ric Zampatti | CEO, The Barter Company
Since working with Bill McDermott and his firm, I have been able to help clients from both sides: the bank-side and the business-side because Bill speaks both languages. Having worked for many years in the financial services industry, Bill knows what banks are looking for…profitability and leverage. Cash flow is King with available cushion, but banks also like to know what collateral is available to support the deal. Bill is able to explain this clearly to the client. In turn, he is also able to educate his client on good business decisions. When to move, when to stay. When a decision is beneficial and when waiting patiently will payoff in the long run for a better option down the road with better partners, better processes. He is a TRUSTED ADVISOR in every sense of the term. Making an introduction to Bill McDermott, the GPS for Banking, to my clients is the easiest introduction I can make.
Samantha McElhaney | Business Banking Market Manager|Georgia
Having a financial professional with 30+ years of banking experience on our team has been extremely beneficial. Mr. McDermott has represented our company with integrity and has helped us identify financial solutions that would have been missed without his involvement. I highly recommend McDermott Financial Solutions and am thankful to our mutual friend, Beau Fields, for introducing us.
Kevin McOmber | The Georgia Trail at Sugarloaf
I want to thank you for the great job and professional plan you put together for me. Not only were you able to develop a solid plan you were able to show my lenders our cash flow needs and make them recognize that several assumptions they made were incorrect. I appreciate the great job and would highly recommend you and your services to prospective clients.
Kevin Panter | CEO Kevin Panter Insurance
We were so fortunate to find someone with Bill’s knowledge and experience in banking. His straight forward way of thinking and his handling of our situation with our bank was unmatched. We were truly blessed to have him doing our negotiations. Bill is one of a kind and he has helped us get back on our feet. We look forward to a bright future due to his efforts.
Sherry Alford | Ace Hardware & Building Center
Bill has been great to work with in helping us accomplish our business goals. He is very knowledgeable and has years of experience in the financial field. His experience has helped us gain new insights into what is working and how we can improve.
Tom Ellis | CEO of The Swarm Agency
If you spend more time poring over financial statements instead of running your business, it’s time to make a change. Let the profitability coaches at McDermott Financial Solutions show you which levers to pull to drive profitability forward. With nearly a century of combined business management and commercial banking expertise, we’ll help you find and fix what’s holding you back and get you on your way to growth and profitability.
We would love to talk with you about your company – how it is functioning currently and where you would like to take it. We are confident that we can help you create or refine your financial plans, and coach you through the steps needed to realize your goals.
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