Category: Loans

Small Business Loan Checklist: Watch the Details

Small Business Loan Checklist: Watch the Details

When it comes to completing a small business loan application, it’s time to pay really close attention to the details.  A post by Sam Thacker at AllBusiness.com makes a good case as to why business owners need to “sweat the details”.  He reminds us that as the business owner, the buck stops at your desk.  […]

December 4, 2014 | By More
What is collateral for a small business loan?

What is collateral for a small business loan?

Do you pay attention to the articles, notices, and other bits of information in your feed on LinkedIn?  If you don’t, you should.  I’m always finding something, particularly from those folks who are “influencers”. There was an article from Gary Swart (CEO of oDesk) who talked about the launching of new businesses in 2014 and his […]

May 7, 2014 | By More
A Bank Loan and a Personal Financial Statement

A Bank Loan and a Personal Financial Statement

Over the years working in banking, I certainly provided many a business owner with a personal financial statement form for them to complete.  Depending on the circumstance and customer, some were better at filling them out than others.  But, as a business owner, if you want to get a bank loan, it’s the first document […]

April 18, 2014 | By More
A Bank’s Management Committee Meeting

A Bank’s Management Committee Meeting

A meeting held behind closed doors.  An assistant taking minutes [notes of what people say and details on what is presented] on a laptop.  Talking, talking, and more talking.  Essentially those three activities sum up what goes on at a bank’s management committee meeting.  Well, maybe there is a little bit more to it.  In […]

December 10, 2013 | By More
5 What-Ifs Before Buying a Home With Another Person

5 What-Ifs Before Buying a Home With Another Person

There was television sitcom back in the 1980s called The Golden Girls.  It has popped up in syndication and is a program my sister watches.  In brief, the storyline evolves around four older single ladies who rent a place together.  I don’t know if the script ever mentioned the financial benefit of pooling the women’s […]

September 4, 2013 | By More
4 Ways to Pay:  Making Your Loan Payment

4 Ways to Pay: Making Your Loan Payment

If you’re reading this Post and you’re a banker, real estate agent, portfolio manager, or other profession who has you interacting with money, you’ll understand what I’m about to say. A funny thing happens when you work with money, particularly if you see large dollar amounts.  In time, you become desensitized to the reality of […]

August 5, 2013 | By More
Goodbye Car Loan, I Won’t Miss You!

Goodbye Car Loan, I Won’t Miss You!

Sometimes you just have to share good news.  For me, the happy news is I’m saying goodbye to my car loan.  Yes!  I called the financial services company where I have my loan and asked for the payoff.  It seems like I’ve been paying forever on that loan, although it really hasn’t been all that […]

May 31, 2013 | By More
A Business Loan: Do You Know the 3 C’s of Credit?

A Business Loan: Do You Know the 3 C’s of Credit?

Are you familiar with the idea of “Plan B?”  If you haven’t heard me talk about it, let me shed some light on the concept.  In its simplest terms, Plan B is about preparing an alternate way to make a living should your primary source of income fall through.   For many Plan B preparers, following […]

April 25, 2013 | By More
More About the Payday Loan Trap

More About the Payday Loan Trap

Financial education, ability to perform basic mathematical calculations, and knowledge about the industry can be strong tools to avoid getting pulled into the payday loan trap.  As a refresh, let’s look at what a payday lender loan is: Payday lender loans are “unsecured loans that borrowers promise to repay out of their next paycheck or […]

February 13, 2013 | By More
What is a Payday Lender?

What is a Payday Lender?

In the summer, I remember meeting up with friends after breakfast and playing outside all morning.  We rode our bikes, played tag, looked for toads in the window wells, and made our plans for walking down to the subdivision’s public pool after lunch.  But, there was one sound we kept our ears riveted for should […]

February 12, 2013 | By More