About Us
For over five decades, Spear Consultants has been the trusted partner for organizations seeking expert financial guidance and funding solutions. Our comprehensive Evaluations determine financial viability and answer the critical question – is it feasible to buy or build a facility in a given area? Lenders and bankers require an "outside opinion" from a credible third party, and our reports deliver exactly that level of professional insight and analysis that leads to funding success.
Over 50 years and over 630 Successfully Funded Projects
Spear Consultants specializes in "public funding" loans which offer lower rates and longer terms. We prepare comprehensive Feasibility Reports that outline present and future opportunities to determine financial viability for diverse projects including golf courses, community facilities, hospitality ventures, and more. Our independent approach adds credence and credibility to our clients' efforts, potential investors, and lenders.
We assist clients with both conventional loans and public funding solutions. Public funding options are government-guaranteed loans that require no or limited equity from borrower(s). These are long-term loans (25 to 40 years) at low interest rates (prime + 1) and do not require personal guarantees. With a public funding loan, the government takes away personal guarantees from the lender and replaces it with a government guarantee up to 90%. Equity requirements are typically 20% of the loan, depending on which program is used.
Our principal, Doug Spear, brings insights gained from 20 years at Wachovia Bank, offering an invaluable lender's perspective that strengthens our clients' funding applications.
Every project whether buying, selling, marketing, funding with investors or financing with loans can benefit from an Evaluation to determine present and future values.
Our Principal: Doug Spear - A Legacy of Financial Expertise and Golf Passion
Doug Spear, the founder of Spear Consultants, has dedicated over 50 years to mastering the intricacies of project financing. His journey began with a significant 20-year tenure at Wachovia Bank, where he developed a profound understanding of lending criteria and financial structuring. This banking background forms a cornerstone of our firm's ability to prepare compelling, successful funding applications.
Beyond his financial acumen, Doug is a dedicated Golf Educator, with extensive industry knowledge and connections. His insights into golf operations provide a unique, holistic perspective for our golf-related projects, blending financial strategy with a deep love for the game. This distinctive combination of financial expertise and industry-specific knowledge sets Spear Consultants apart.
Why Choose Spear Consultants?
- Unmatched Experience: Over 50 years in financial consulting and more than 630 successful projects.
- Specialized Knowledge: Deep expertise in USDA, SBA, and conventional funding, tailored to diverse sectors.
- Lender Perspective: Principal's 20-year banking background provides critical insights.
- Comprehensive Feasibility Reports: The cornerstone of our success, providing credible, bankable evaluations.
- Confidential & Client-Focused: We operate with the utmost discretion and dedication to your project's success.
- Diverse Sector Success: Proven track record across golf, community facilities, hospitality, and more.
We understand the often-confusing process of financing projects and guide our clients through it with expertise. With a typical timeline of four to six weeks, our Evaluations are a positive first step in ensuring a successful project outcome. The data from the Evaluation process will determine or validate a plan for successful implementation. Spear Consultants' involvement can place you on the path to success with income-producing properties.
Over the past fifty years we have completed over 630 financial evaluations for successfully funded projects. The majority of these public-funding loans have been with golf operations and community centers, however public funding can be used for many other income-producing projects. We have assisted clients with golf courses, marinas, charter schools, healthcare facilities, sport complexes, funeral homes, and more. Almost any small business is eligible for our services.