November 20, 2015
BY JOHN PATTERSON – Jupiter, FL Once a year the Federal Reserve Bank puts out an exhaustive survey report called the Joint Small Business Credit Survey Report. The survey engages the business community and asks them questions concerning their financing and credit needs. The survey provides wonderful insight into the dynamics behind […]
January 4, 2016
Were you wild in your youth? Get ready for some additional work and time. A Small Business Applicant is not eligible for SBA assistance if the business has an Associate of Poor Character. An individual with Poor Character includes a person who is incarcerated, on probation, on parole, who are currently under […]
March 22, 2016
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 […]
October 26, 2016
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 […]