Lenders and underwriters in my training workshops on Cashflow Analysis of Tax Returns often stumble a bit on that word 'guaranteed'. After all, we all know what that means, right? Well, it is dangerous to
Really? Can you do that? Check your Guidelines Well, first, consider that a lender/underwriter can do whatever the financial institution's (FI) guidelines allow assuming they are consistently applied in a legal manner. So if your
I live at sea level but only two hours from Mt. Rainier. We had a very late summer this year, some would say we missed it altogether in the Northwest. But Friday was a summer
S Corporations A corporation that decides to be taxed under Sub-chapter S of the Internal Revenue Code is an S-Corporation. The Corporation files an 1120S instead of an 1120. The big difference between a
This article,The Allowance for Loan and Lease Loss Becomes a Heavier Burden for Credit Unions, includes my thoughts on one of the up-and-coming challenges for credit unions and banks in keeping up with the time
Here is how you end up with Interest from a Schedule K-1 on 1040 Schedule B:Schedule B includes all taxable income.Interest income received by an S Corporation or a 1065-filing entity like an LLC or
I just published the latest eCourse at www.LendersOnlineTraining.com. I know that some small business owners sign up for the Lender's courses to see what the lender wants. This would be a good one! Here is
Every year I teach Junior Achievement classes in elementary schools. It does not matter how busy I am with 'teaching' business owners and lending professionals. I take time out because it is the right thing
One of the LinkedIn Groups I belong to is having a raging debate about whether that first C of Credit, 'Character', can be considered any more. Or should be considered again! (BTW: Connect with me
Many business lenders use global analysis to consolidate cashflow among related entities. For example, if a small business has one 80% owner and another 20% owner, it is likely you'll consider the cashflow of the
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