Whose lending? Continued..

Got a call back from Jason Haynes, a financial specialist at Wachovia Bank, on our lending issue. The question is: if you had a pretty decent long term relationship with your banker, with all things being equal on your business end, why would your bank decline your request for additional capital?

Mr. Haynes replied that, " Wachovia's adheres to pretty conservative and strict lending procedures already, and their lending process is not so much market driven versus the quality of documentation the client is providing for the loan," your debt to income ratio- business and personal, and of course your credit scores. Increasing debt ratios, poor credit scores and improper or bad documentation, could cause your loan to be declined. So, depending solely on your relationship with your banker to get you that loan that your business need may be a bad idea, although maintaining a good relationship could help you in the long run, if your banker keeps you abreast of any new loan programs and changing criterion your bank may be offering.

Comments

Tax Free Income: NC Bonds with 6.15% Coupon Available

WILMINGTON NC LTD Bonds , OBLIG- REV TXBL SER B B/E- OID. Rating: AA2/AA, State: North Carolina, Cpn: 6.15% Mat: 6-01-2027, PRX: 108.452. If you are interested in obtaining additional information regarding the purchase of these bonds, please contact Best Advisor Rick @1-877-788-1732.

The Old Reality is Still the New Reality

The Old Reality is Still the New Reality Dodd Frank Illustration I sat at my desk last week wondering what went wrong. Was I experiencing some type of trading depression? I checked my models, macro numbers, company profits, software, pricing etc. Some of my option contracts were either worthless or were on their way to being worthless. The pricing of the contracts were not in-line with the actual underlying price of the securities that I was trading. The options' pricing per contract were either priced 40% or more above what the underlying security was worth or priced 40% or more below what the securities were worth. This old reality was still the new reality even after all of financial fixes implemented to fix these same problems that contributed to the financial meltdown in 2007-2008. The new Dodd-Frank Wall Street Reform and ConsumerProtection Act which was supposed to clean up many of the abuses in the financial system such as accountability, transpare

What to Buy- Foreign vs Domestic funds?

Calm before the storm. At least that's what I've been reading. It seems that there is still not much buying. Much of the buying seems to be just shifting funds from one account to the next. It's called "churning" in broker turns. So, I wanted to see if anyone was buying, you know, new money. I clicked on over the Investment Company Institute website to see if they could shed some light on this matter. Based on their recent reports, "Estimated inflows to long-term mutual funds were $ 12.48 billion for the week ended Wednesday, June 10, 2009 ", versus $ 13.646 billion for the week of June 3. At least it wasn't negative. There is buying. As a matter of fact, buying has almost doubled compared to inflow numbers reported in May. I also noticed that Equity Foreign Funds had a larger percentage increase than other categories while Taxable Bond Funds had a noticeable percentage decrease in inflows as compared to the previous periods. Interesting. Are in

All Things ETF

Search This Blog