About
Tenet

Tenet Financial Group helps business owners navigate the complex process of funding a venture, from start to finish. From franchising to recapitalization, our veteran advisors get you funded quickly and securely, so you can focus on growing your business.

About
Tenet

Tenet Financial Group helps business owners navigate the complex process of funding a venture, from start to finish. From franchising to recapitalization, our veteran advisors get you funded quickly and securely, so you can focus on growing your business.

Meet Our Leadership Team

Tenet Financial Group has more than a century of combined funding experience as well as business ownership acumen. We have been business and franchise owners, franchise development directors, sales managers, franchise consultants, and so much more. Our uniquely experienced consultants, administrators, client service representatives, and loan processing teams – led by our servant-minded Leadership Team – positions us to help entrepreneurs realize their dreams of owning their own businesses.

Derrick Skogsberg

Founder/ Owner

Business funding is an incredibly emotional and, at times, challenging process … something that Derrick Skogsberg understands with a great degree of personal experience. In the early 2000s, Skogsberg identified an unmet need in the franchise development marketplace for comprehensive financial consulting. The end game as he saw it was not ”fund it and walk away” but rather to create a strategic, long-range plan to set the new business/client up for success for years to come. After examining the market carefully, Skogsberg founded FranFund and grew the organization into a multi-million-dollar enterprise within just a few months. He then divested his interest in that company to form Tenet Financial Group in 2008, again using his personal retirement savings to fund a second multi-million-dollar business. Skogsberg is the only executive in the franchise funding space that can make that claim.

Today, Tenet Financial Group supports many thousands of small business clients through 401(k) Rollovers, SBA Loans, Unsecured Lines of Credit, Equipment Leases and other funding options. The company is headquartered in Aledo, Texas, and has employees in 10 states and operations in four states. 

I have put together an experienced team of professionals and I am proud to have them as employees at Tenet Financial Group. They can, and will, educate you on the rollover program as well as other funding options. To speak with a Senior Consultant, call (817) 381-8907.

Lindsey Lair

Director of Operations

A member of the Client Services team since 2013, Lindsey initially worked on plan documents, including opening accounts and processing ROBS/401(k) documents, as well as processing state and IRS documentation. With a background in both human resources and administrative management duties, Lindsey has played a critical role in client onboarding and initial set-up. In 2021, Lindsey moved into her new position as Director of Operations. She now oversees billing, payroll and daily operational tasks in addition to Client Services at Tenet Financial Group.

A native of Nebraska, now living outside Tulsa, Oklahoma, she received her associates degree in liberal arts from Tulsa Community College. Lindsey and her husband, Greg, have three teenage sons and relish in trying new restaurants, watching movies and participating in sports/outdoor activities.

Jen Preston

Director of Plan Administration

A member of the Tenet team since 2011, Jen has worked in the industry of 401(k) plan administration since 2004. At Tenet, Jen’s responsibilities include the administration and compliance of hundreds of Rollover as a Business Start Up (ROBS) 401(k) plans for Tenet Financial Group clients.  She handles participant loans, distributions, 1099s, contribution calculations, eligibility and vesting calculations, and other detailed IRS reporting.

Jen received her bachelors of finance from Iowa State University, including distinction on the College of Business Deans List, and her associates degree in arts and sciences at Western Iowa Tech Community College, where she was also a member Phi Theta Kappa International Honor Society.

Jen was certified by the American Society of Pension Professionals & Actuaries (ASPPA) as a Qualified 401(k) Administrator (QKA) in 2010.

She is very active in her community, including serving as a local youth soccer and softball coach for 20+years, and treasurer of the Nodland/Sunnyside Elementary School PTA Board since 2014. Jen and her husband, Adam, host and sponsor a local coed softball tournament every year, the Prestonstock. From 2014-2020, Prestonstock has raised over $24,000 for a local family in need. They have two children, Kade and Kole, and two dogs, Champ and Diesel. In her spare time, Jen plays softball and loves music events, being outdoors and boating.

Lindsey Lair

Director of Operations

A member of the Client Services team since 2013, Lindsey initially worked on plan documents, including opening accounts and processing ROBS/401(k) documents, as well as processing state and IRS documentation. With a background in both human resources and administrative management duties, Lindsey has played a critical role in client onboarding and initial set-up. In 2021, Lindsey moved into her new position as Director of Operations. She now oversees billing, payroll and daily operational tasks in addition to Client Services at Tenet Financial Group.

A native of Nebraska, now living outside Tulsa, Oklahoma, she received her associates degree in liberal arts from Tulsa Community College. Lindsey and her husband, Greg, have three teenage sons and relish in trying new restaurants, watching movies and participating in sports/outdoor activities.

Derrick Skogsberg

Founder/ Owner

Business funding is an incredibly emotional and, at times, challenging process … something that Derrick Skogsberg understands with a great degree of personal experience. In the early 2000s, Skogsberg identified an unmet need in the franchise development marketplace for comprehensive financial consulting. The end game as he saw it was not ”fund it and walk away” but rather to create a strategic, long-range plan to set the new business/client up for success for years to come. After examining the market carefully, Skogsberg founded FranFund and grew the organization into a multi-million-dollar enterprise within just a few months. He then divested his interest in that company to form Tenet Financial Group in 2008, again using his personal retirement savings to fund a second multi-million-dollar business. Skogsberg is the only executive in the franchise funding space that can make that claim.

Today, Tenet Financial Group supports many thousands of small business clients through 401(k) Rollovers, SBA Loans, Unsecured Lines of Credit, Equipment Leases and other funding options. The company is headquartered in Aledo, Texas, and has employees in 10 states and operations in four states. 

I have put together an experienced team of professionals and I am proud to have them as employees at Tenet Financial Group. They can, and will, educate you on the rollover program as well as other funding options. To speak with a Senior Consultant, call (817) 381-8907.

Lindsey Lair

Director of Operations

A member of the Client Services team since 2013, Lindsey initially worked on plan documents, including opening accounts and processing ROBS/401(k) documents, as well as processing state and IRS documentation. With a background in both human resources and administrative management duties, Lindsey has played a critical role in client onboarding and initial set-up. In 2021, Lindsey moved into her new position as Director of Operations. She now oversees billing, payroll and daily operational tasks in addition to Client Services at Tenet Financial Group.

A native of Nebraska, now living outside Tulsa, Oklahoma, she received her associates degree in liberal arts from Tulsa Community College. Lindsey and her husband, Greg, have three teenage sons and relish in trying new restaurants, watching movies and participating in sports/outdoor activities.

Jen Preston

Director of Plan Administration

A member of the Tenet team since 2011, Jen has worked in the industry of 401(k) plan administration since 2004. At Tenet, Jen’s responsibilities include the administration and compliance of hundreds of Rollover as a Business Start Up (ROBS) 401(k) plans for Tenet Financial Group clients.  She handles participant loans, distributions, 1099s, contribution calculations, eligibility and vesting calculations, and other detailed IRS reporting.

Jen received her bachelors of finance from Iowa State University, including distinction on the College of Business Deans List, and her associates degree in arts and sciences at Western Iowa Tech Community College, where she was also a member Phi Theta Kappa International Honor Society.

Jen was certified by the American Society of Pension Professionals & Actuaries (ASPPA) as a Qualified 401(k) Administrator (QKA) in 2010.

She is very active in her community, including serving as a local youth soccer and softball coach for 20+years, and treasurer of the Nodland/Sunnyside Elementary School PTA Board since 2014. Jen and her husband, Adam, host and sponsor a local coed softball tournament every year, the Prestonstock. From 2014-2020, Prestonstock has raised over $24,000 for a local family in need. They have two children, Kade and Kole, and two dogs, Champ and Diesel. In her spare time, Jen plays softball and loves music events, being outdoors and boating.

Frequently asked questions

For starters, we’re not a sales company! We provide a very high level of customer service to ensure that the design, execution and administration of your fundingplan is perfect for your business. We know that this process is largely unfamiliar to most people, which is why we see a professional responsibility in educating, communicating and informing our clients—without sales pressure to complicate the situation.

We specialize in Rollover as Business Startups(ROBS), helping you use your 401(k) to fund a new business startup. In addition to ROBS orchestration, we’re also experts in applying for SBA 7(a) loans. We can help you navigate the complexities of these funding opportunities, as well as apply for unsecured lines of credit.

Our specialty is working with entrepreneurs who are just getting started, and who want to pursue a franchise business. We also work with startups striking out on their own, under an independent business venture. Our capabilities extend to both brand-new startup companies and established businesses seeking an infusion of capital to help them grow.

Funding speed depends on the amount you’re financing and the product you’re applying for. In most cases, the average length of time to fund a corporation through ROBS is 4-5 weeks. Unsecured lines of credit can take as long as 5 weeks to process. SBA 7(a) loans tend to take much longer; however, SBA Express loans can see approval in 45-60 days.

We highly recommend it. A well-qualified tax advisor is an integral part to the funding process. To ensure your opening balance sheet is correct and all ongoing administrative responsibilities are met, we recommend you meet with and retain the services of a certified tax advisor.

As your Third-Party Administrator (TPA), Tenet Financial Group will maintain all records of funding associated with your startup—specifically the incorporation and 401(k) paperwork for ROBS or your SBA loan application documents. If you receive an IRS Inquiry letter, Tenet Financial Group would assist you in accurately answering all of the questions.

Since the IRS implemented its review process in 2008, Tenet Financial Group has never had a plan inquiry escalate into a full audit. If your plan is audited, we’ll assist until it’s complete.

Franchisors We've Worked With

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Ready to connect with us to discuss small business and franchise funding? We’re here to help and look forward to speaking with you. Complete this form to get started.

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Let’s Work Together

Ready to connect with us to discuss small business and franchise funding? We’re here to help and look forward to speaking with you. Complete this form to get started.

We can’t wait to speak with you!

By submitting a form, you agree to this website’s Terms of Service and you grant consent to receive information from Tenet Financial Group at the email address and/or telephone number you provided. This form does not obligate you in any way to do business with us.

Contact us

Interested in Learning About (Check All That Apply):
This field is for validation purposes and should be left unchanged.