Originally established as a business consulting firm, Kilpatrick and Hart, Ltd., Inc., developed a particular expertise at crafting loan and funding packages and arranging financing for its clients’ ventures. Headquartered in Kendall Park, New Jersey, Kilpatrick and Hart serves clientele around the world and celebrated its 25th anniversary in 2013.
Thomas Hart, the CEO of Kilpatrick & Hart, emphasizes the importance of community service and supporting local charitable endeavors. Leading by example, he serves his local church and has chaired fundraising efforts and directed ushers. He also sat on his town’s zoning and planning boards. As a homeowner in a residential subdivision, Thomas Hart served as treasurer of the homeowners’ association’s board of trustees, as well as its president. At other times during his 16 years of service to the board, he chaired its finance committee and its planning committee.
One of the most rewarding forms of community service Thomas Hart performs is as a member of Caring Hearts. These volunteers visit with patients and their families prior to open heart surgery and during recovery periods. As a member of Caring Hearts, Thomas Hart visits with hundreds of patients every year.
Kilpatrick and Hart, Ltd., Inc., has been assisting clients with funding options for their businesses since 1988. In 2012, Kilpatrick and Hart received the Best of Kendall Park Award in Financing. With this award, founder Thomas Hart and his staff were recognized for their contributions to small businesses and the local community. In his spare time, Mr. Hart actively supports several charitable organizations and enjoys playing golf.
Question #1: How did the game of golf originate?
Answer #1: The origins of golf can be traced back to chole, a game similar to hockey, in which players hit a ball with a stick until the ball reaches its goal, usually a post. The game of chole differs from golf in that players are allowed to interfere with the ball. Chole originated in Belgium and was introduced to players in Scotland in the early 1400s. After the Scottish players refined the game, they changed the name of the sport to golf. The game gained popularity in England in the mid-1500s, and made its way to the United States in the late 1780s.
Question #2: What are a few of the most common mistakes made by golfers?
Answer #2: A few common mistakes include swinging too hard, positioning the feet incorrectly, taking the eyes off the ball, and gripping the club too tightly.
Question #3: What are some things golfers can do to improve their games?
Answer #3: The most helpful thing golfers can do to improve their game is to practice, practice, practice. Golfers should also work to improve their mental discipline, as the game can be both physically and mentally taxing.
Since 1988, Kilpatrick and Hart, Ltd., Inc., has assisted companies in creating business, financial, and marketing plans. The firm currently focuses on commercial funding both inside and outside the United States.
To do so, an eight-step funding process is used. The firm begins by requiring a prospective client to send in a pre-qualifier worksheet, project or executive summary, or business plan. It then reviews the funding concept, asks for any additional information needed, and creates a fact sheet to forward to potential sources of capital.
Next, Kilpatrick and Hart receives projected terms from the capital source. After the proposal is executed, the applicant receives a Letter of Interest or term sheet from the capital source, at which point the company provides the applicant with a document checklist to prepare for due diligence.
The final steps in the process include formal due diligence, a conditional commitment from the capital source, and final funding of the project. Kilpatrick and Hart, Ltd., Inc., never guarantees funding, but it does guarantee that several steps in the funding process will occur, including the issuance of a term sheet from a capital source.