Tie Up Your Financial Loose Ends! The Importance of Managing High-Interest Loans

Managing High-Interest Loans

Are high-interest loans leaving you on a never-ending spiral?

Strategic business growth begins with well-managed financials, and managing your loans is no exception. While paying off loans can be a source of great stress for many business owners, tying up your financial loose ends can mean the difference between endlessly owing money to your lenders, and elevating your company to the next level.

The question is this: are your accounting systems and processes up to standard? If not, chances are you are paying much more on loans than you should be.

Our team at Blueprint CFO can help! Here is one example.

Case Study:

When the Blueprint CFO began working with a local building supplies contractor client, the firm had three outstanding loans: Loan #1 (40% APR), Loan #2 (55% APR), and Loan #3 (25% APR). Because the firm had to make weekly payments on these loans, they had continued cash flow issues. The company also found themselves in a Catch-22, stuck in a never-ending cycle of acquiring loans – with even higher rates – to pay off the previous loans. There seemed to be no end in sight.

In auditing our client’s financials, the Blueprint CFO team found that the company’s books weren’t properly prepared, which led them to experience a number of issues, including their loan-related predicament. While the company utilized Quickbooks Desktop to issue invoices and bills, the firm did not have a cohesive record of its expenses, assets, equipment rentals, etc. Moreover, their bank accounts had not been reconciled for three years.

The Blueprint CFO team responded to this in a number of ways.

First, we improved automation and created an up-to-date view of relevant data by transferring the company’s numbers from Quickbooks Desktop to Quickbooks Online. This allowed our client to have a clearer view of their records so we could work towards a new financial strategy – one that would truly lead to growth and profitability.

We then built high-integrity financial statements and records, which increased bank confidence in the company. This led to acquiring a loan from a Regional Bank with a LIBOR rate of + 2%, interest-free for the first year.

As a result, the company could pay off all outstanding loans, saving them $150,000 in 2021 interest expenses. With their new financials, our client also now qualifies to apply for their PPP loan payoff as well as the new California Grant.

All in all, our rockstar accounting team at Blueprint CFO was able to rebuild the client’s books and reconcile their bank and credit card accounts, resulting in hundreds of thousands of dollars worth of savings.

We can help you do the same! With our signature Profitability Roadmap formula, our all-star team of accountants at Blueprint CFO can help you make sure you have the systems and processes in place to set your business up for success.

Curious how the rockstar Blueprint CFO team can help you save on financing and your loan payments? Visit to learn more about our fractional CFO services.

Valuation Planning

Blueprint CFO will work with executive leadership to determine shareholder value, and run various models to determine estimated company valuation. Together, we will determine milestone objectives to increase shareholder value and track company performance in relation to these targets. We will review your company’s organic and acquisition growth options to create shareholder value, and emphasize tax planning to optimize shareholder value upon a sale or purchase. We can also focus on Initial Public Offering (IPO) Planning and Readiness.

Analytics & Business Intelligence

We believe that being data-driven is key to profitability. As such, we can help you create meaningful dashboards and scorecards for your business, analyzing performance against key performance indicators and other factors. Our profitability reporting and analysis tools will help drive business decision-making and provide insights into trends, predictions, results, and potential strategic direction moving forward.

Goal Setting & Tracking

Our team can partner with company leadership to establish goals and objectives for the company, for both the short and long term. Additionally, we will help leaders develop meaningful Key Performance Indicators (KPIs) to track and measure results.

Insurance & Tax Planning

Blueprint CFO can work with businesses to review insurance needs and requirements, as well as plan for taxes and R&D credits.

Human Resources

We can assist your HR department with employee benefits planning, and can also perform compensation studies to ensure best practices are implemented across the business.

Accounting & Finance Support

Whether you have an internal team in place or need more hands-on assistance, Blueprint CFO can oversee and advise your accounting and finance department. From preparing general ledger transaction entries to completing month-end closes, forecasting to crafting financial statements, developing customized reporting packages to implementing more effective software, Blueprint CFO can bring you everything from a supportive junior or senior accounting team, all the way to high-level strategic CFO consulting.

Mergers & Acquisitions

Blueprint CFO can partner with company leadership to improve strategic business plans and assist with the development of organizational growth strategy. We can also create financial reporting packages and proformas for capital raises, investments, acquisitions and/or banking requirements, and provide due diligence on company-focused deals.

Financial Planning

We can prepare, create and/or review financial statements. This includes providing trend analysis, developing cash flow projections, and tracking operational and financial performance, with insight into budget and forecast variances.

Banking Services

Our team can help your company to establish high-level banking relationships, and offer expert advice and support when it comes to sourcing bank loans, etc. Additionally, we can review and determine the optimal capital structure for refinancing or a liquidity event.


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