by Jerry Ernst, as seen on azcentral.com, Sept. 2017 Whether you support Trump or not, there’s no denying POTUS is pro-business. His agenda to deregulate banking recognizes the cumbersome over-regulation that occurred as a knee-jerk reaction to the subprime mortgage crisis and resulting bailouts. Consumer protections are vital, but a sound system must balance value…
When someone is ready to borrow money, figuring out the right type of business loan can be difficult. The variety of options are dizzying. Is a line of credit appropriate? Should I consider an SBA loan? What is a USDA loan? Why do interest rates vary so much? According to Nathan Burnell, Horizon Community Bank’s vice…
Thanks to progressive technology and security that’s tighter than ever before, banking from any location has never been easier. It’s simple to check a balance, transfer money, pay bills, or perform other common tasks from the comfort of your desk or using a phone. Everyone knows about it. What every everyone DOESN’T know, however, is…
Retirement can be unpredictable and many retirees struggle to balance their spending so they don’t outlive their money. They want to ensure their money lasts as long as they might need it by avoiding more volatile investments, but without being so conservative it can’t earn interest. One investment opportunity ideal for this situation is the…
Business loans can be imposing in their requirements—even for a relatively uncomplicated line of credit—and cloud-based lenders with fast online loan applications have never been more attractive. Time-consuming updates to your business plan (or creating your first one!), dozens of hoops to jump through, reams of paper and emails flying back and forth, the agony…
Yes! Let me explain if you’re new to the whole business of commercial real estate… Walking into a bank to seek a commercial mortgage loan, the first question any borrower can expect is related to use of the property. “Will this be an owner-occupied or investment property?”
These common obstacles can derail funding While some kickstart a new commercial construction project by talking directly to a builder, it often makes sense to first confirm you’re financially qualified to take on significant debt. Construction isn’t cheap and exploring how much debt you can comfortably afford may define scope of the build and where you buy…
Equipment is an expensive commitment for many businesses, and the decision to rent, buy or lease makes quite an impact on cash flow. They also have different levels of flexibility, tax deductions, maintenance and more.
Wondering how to find the right commercial builder? Tapping the experience of a local banker who specializes in commercial construction is invaluable. They’re immersed in commercial projects every day and intimately familiar with what’s happening in their city. Commercial banks often play a quarterback role as a consultative resource – especially when building from the ground…
Discovering terms of a loan are unfavorable AFTER being locked into a contract is never a happy circumstance. It’s easy to be hurried, assume the contract mirrors something said in conversation, or gloss over a detail we don’t understand. It’s also common to have details from a templated contract sneak into places it doesn’t belong. A…
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