Your Personal Guide to Business Banking Invites You Inside The Vault

A premier business banking consulting firm, McDermott Financial Solutions provides "best-in-class" services to:

BUSINESS OWNERS

McDermott Financial Solutions provides relationship-based, financial consulting services where our clients can receive independent guidance from a 35-year banking veteran. We develop a financial game plan that helps your company achieve its goals for growth and profitability.

Business Owners click here

CPAs & ATTORNEYS

In this environment of banking regulations and economic uncertainty, your clients need an experienced, independent banker to help navigate the tight credit market. We can help your clients spot trends in their finances and identify solutions that allow them to reach maximum profitability.

CPAs click here

5 Things to Know about Cash Basis vs Accrual Basis Financials

When you first start your business and begin recording business transactions, you must decide whether to use cash basis or accrual basis accounting.  The big difference is in how you record your cash transactions.  Many people use cash basis...Read more

3 Ways to Get Your Business Acquisition Financed

There seems to be a lot of business acquisition activity in the marketplace right now. I have several clients that are in various stages of this process. Depending on whether you're on the buy side or the sell side, here are three ways the acquisition can get...Read more

3 Red Flag Phrases You Don't Want to Hear From Your Bank

Bankerese is a language understood by bankers, but is a foreign language to most business owners.  Communication is happening, but the business owner doesn't understand what's being said or the implications it has for his or her business.  Often, we...Read more

Bill has developed relationships with multiple banks to help businesses needing financing that have a compelling story and merit to their deal, but may be a bit challenging to get approved for one reason or another. He has a good feel for what “fits” at various institutions. In addition to Bill’s knowledge and experience, he also brings a genuine care and concern for the clients he works with, serving as a true trusted advisor."