Conversations with a Luminary: PPC Loan (Dealmaking and Growth)

Summary by Roger Wohlner

We recently had a chance to talk with Dustin Mangone, Managing Partner & Director at PPC LOAN, a member of theThinkAdvisor Luminaries class of 2021.

PPC LOAN was an award winner in the category Products, Programs & Services – Partnerships and Consulting Groups, under the broader category of Dealmaking and Growth Luminaries.

Dustin shared with us that the firm was started by a group of former commercial bankers in the 1990s and initially financed a number of dental and veterinary practices. Their focus has always been in the service sector.

He indicated that the company began developing financing and lending solutions for independent advisory firms in the 2005-2006 time frame. At the time there were no specialized programs serving the specialized needs of the advisory firms, there were no lenders focusing on this space.

Mangone stressed that PPC LOAN is structured to be a long-term consistent source of capital and ongoing partner to the advisory firms that they work with. When PPC LOAN first started working with financial advisory forms, most of the loans they made were to finance acquisitions of other financial advisory firms and practices.

Dustin says that today, PPC’s financing relationships with advisory firms includes not only lending to finance an acquisition, but financing for advisors to buy-in to a practice, as well as internal buyouts in situations where a founder is looking to exit the business. They also offer working capital funding and lines of credit to advisory firms.

Press play to hear the entire conversation with Dustin Mangone and to learn more about PPC LOAN’s business and the key role that they play in providing financing to financial advisory firms for a variety of reasons to help them grow and evolve their business.

About PPC LOAN

PPC LOAN was the first company to develop a dedicated financing program to investment advisors and has been a consistent and reliable source of capital for acquisitions, mergers, buy-ins/buy-outs, equity purchases, successions plans, business debt refinances/consolidations, working capital and lines of credit. Today, as one of the leading conventional lenders, we help fund numerous deals that not only affect the lives of buyers and sellers, but also the firm’s clients.