SCORE in Jacksonville ran a great all-day workshop on all things related to funding a business last Saturday. We had the opportunity to meet some great people looking for the best deal on a business loan.
When getting a commercial loan one item you might forget to ask about are prepayment penalties. Forgetting to ask might be an expensive mistake if in the next five years you refinance or make a significant reduction in your loan balance. Why do lenders charge prepayment penalties? Although it might seem like […]
Predatory lending is any lending practice that imposes unfair or abusive loan terms on a borrower. It is also any practice that convinces a borrower to accept unfair terms through deceptive, coercive, exploitative or unscrupulous actions for a loan that a borrower doesn’t need, doesn’t want or can’t afford. Scenario: Despite trying your best your […]
Commercial Loan Rate Survey – Florida – March 2016 By: John Patterson CFP ® March 23, 2016 Spring has sprung but interest are holding steady as we head into the end of March. Although the Federal Reserve Board did not change the Federal Funds Rate when they met on March 16th, outside […]