Alternative financing refers to non-traditional forms of supplying a business with sources of capital. Business owners usually turn to alternative financing when they do not have three years worth of gainful financial statements or do not have enough equity. There are many different sources to look to when a business needs additional funding. One source … Read more
Subprime mortgages are loans made to people with less than pristine credit. It’s a code word for those of us who have some sort of credit issue in our past and don’t make the cut as a “prime” borrower. For several years now, subprime borrowers have been getting subprime loans, which mean loans with substantially … Read more
Debt problems affect millions of people psychologically, physically and emotionally. Debt management solutions offer some of the best tricks to deal with personal debt problems. Statistics on Personal Debt Problems There has been a significant growth in personal debt problems in the last few years. The slower economy, growing population, higher unemployment and ever-growing expenses … Read more
Recently, my newspaper reported that a local bank “…earned a four star excellence rating for the sixty-fourth consecutive quarter.” That’s sixteen years of four star excellence! The article went on to say that the “rating is based on a complex formula that includes …capital safety levels, quality of loan portfolio, and the ability to meet … Read more