“…if it ain’t got that swing!”
One of the most common business loan requests we get as bankers is a line of credit request. While the loan structure itself isn’t that complicated, determining exactly how much is needed can be a little more complicated. Because loan terms can be slightly different across the industry, we will consider a line of credit as any type of loan where the borrower may request disbursement of funds at some date other than the closing date. Lines can be closed-end which means that once they are drawn up once, they can’t draw that amount again. Lines can also be open-end,…
This Is Worth Saving
We all know we should save money. Some of us even have something we’re saving for. But if the statistics are right, most of us aren’t doing a very good job at it. The thing is, it’s not even hard once you have a plan. And we’ve got a few simple tips to help you get started. A budget is worth its weight in gold. Saving money starts with knowing how much you can save—and that means you need a budget. Be realistic about your monthly expenses. It’s better to overestimate them. Then earmark an amount from what you have…
Turns out you can put a price on love.
According to the FBI, victims of romance scams lost over $600 million last year. So how can you tell the difference between dating and defrauding, and what can you do to protect yourself? We’re here to help. As friends, of course. Speed Dating vs. Too Speedy Dating Relationships take time to progress. They don’t go from, “Nice to meet you” to “Add me to your financial accounts” in a matter of weeks. If someone is moving too fast or you feel pressured, it should raise some red flags. At the very least, you’ve got to ask yourself if you really…
Give Some Thought To Holiday Spending.
The most wonderful time of the year can also be the most expensive. Here are some easy tips so you don’t end up in a hole after the holidays. The best way to avoid spending more than you planned is to actually have a plan. Set a total budget. Then make a gift list and check it twice. (Santa knew what he was doing.) Start with the people who are definitely getting something under the tree, then add to the list only if there’s room in your budget. Not all holiday expenses are gifts. Food, decorations, travel, babysitting (for those inevitable holiday parties)—they all go up at this…