Last week I had the pleasure of spending two quality days with Greenstone Farm Credit Services in Michigan and Badgerland Farm Credit Services in Wisconsin. By the end of our two-day tax return analysis training,
Once again, I sense you are looking for a definitive answer. And it is....(wait for it)...it depends.When it makes sense to use Capital Gains as recurring cashflow:The borrower is receiving payments on an installment sale.
As a lender, you have three questions to answer before you can say 'Yes' to their loan request: Would the borrower pay the loan if they possibly could? Does it look like they can pay
We just went to print on our new manuals updated for 2009 tax forms. Perfect timing since they are due this month (unless your borrower extended to October).Purchase the manuals if you don't have them
What works on auditors may work on lenders A 2009 study performed by researchers at the University of Massachusetts at Amhurst demonstrated that auditors are less likely to find manipulated earnings when management directs their
Here is an interesting post by Jane Harford, FHA DE Underwriter writing for the National Association of Mortgage Processors blog.She does a great job of listing the red flags that pop for her and what
Your business borrowers are making big decisions in very 'confused seas'. Is it time to:Rehire workers?Add to production?Beef up inventory?Market more aggressively?Borrow money?Last weekend I planned to take the kayak out for a trial
This would be a bad time to miss an add to taxable income. Your borrower's need all the help they can get to qualify for your loan.Some in this list are personal and some are
Sam Thacker works with small businesses to secure all types of financing. He is often referred by bankers who either can't do the deal themselves or realize the borrower needs help putting together the loan
Long before I focused on working with lenders to understand business and make good loan decisions, I focused on working with the businesses themselves. I still do.I am one of the Business Credit bloggers on
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