Tag Archives: interest

While small business loans slid 4.1% from 2009 to 2010, there was still some $310 million extended in 2010. So while credit may be tight, capital is out there. But what do banks look for these days before extending a loan? “I think a lot of people seem to have the impression that banking is rocket science,” says Douglas Dillon, Senior Vice President of Commercial Lending for Industrial Bank (No. 8 on the BE BANKS list with $382 million in assets). “I’m not of that impression.” He says banks look at the following five criteria before extending a business loan. —Alan Hughes

5 Tips on How to Secure a Small Business Loan

If you want the bank to say yes to a loan, know these five things they look for

Getting a small business loan can make or break a budding business. Here are five…

By Alan Hughes

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A tip from a trusted friend or relative, a little monetary incentive or even just the location can usually steer consumers to their bank of choice. But one look at the fine print can have potential customers re-thinking their decision. While Capitol Hill has banks scrambling to make up new revenue sources, consumers are usually the ones slighted as new fees means less banking value for your buck. With the savings rate up 5.8% in January, according to the Bureau of Economic Analysis—the highest since August—it’s important to make sure the financial institution you decide to do business with is giving you the best service. Here’s a checklist of questions you should always ask to ensure you’re getting the most out of a savings or checking account.

14 Questions to Ask Before Opening a Checking or Savings Account

Not all bank accounts are created equal. Mind your money with these essential questions

Not all bank accounts are created equal. Mind your money with these essential questions

By Renita Burns

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Dealing With Debt: 5 Reasons You’re Headed for Financial Ruin

Everything you need to know to tame your debt and keep it under control

Check out these five financial blunders that will lead you to ruin.

By Renita Burns

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kids and money

Kids & Money: Grow Money Fast with Compound Interest

Money lessons we need to teach to our kids from K-12

Here’s a quick and easy compound interest exercise you can perform everyday for one week…

By Renita Burns

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