Social Distancing is Wrong…

Chris Gallant Uncategorized

Let me explain before I get too many negative comments! The term “social distancing” is currently everywhere. From every direction, we are being told that we need to socially distance from one another. This term has always rankled me because it goes against everything that makes us human. Humans are …

What is EBITDA, and how do you calculate it?

Chris Gallant Uncategorized

The accounting technique EBITDA — earnings before interest, taxes, depreciation and amortization — is an important standard measure of profitability. What makes EBITDA valuable is that unlike standard net income calculations that use a simple formula of revenue minus expenses, EBITDA factors in other expenses, like taxes and interest. EBITDA …

Commercial Loans – Asset versus repayment – DSCR

Chris Gallant Uncategorized

The first thing that a lender considers is repayment, not asset. The lender needs to know that you can service the debt and in order to know that, they use what’s known as a DSCR or Debt Service Coverage Ratio. The debt service coverage ratio is one of the least …

New Website Launched!

Abstract Marketing Uncategorized

I am proud to announce the launch of my brand new website, designed and developed by the staff at Abstract Marketing, 216 King St. W in Chatham-Kent. I also encourage feedback, please feel free to leave a message via my contact page. Thank you!