While most people know a little bit about personal credit, very few understand anything about business credit. Every day, I see countless people spreading false information about things like what lenders are looking for in underwriting, how to improve your business credit profile, and how creditors report it. The latter is what we’re going to … Read more
I’m a big fan of using 0% introductory rate business credit cards to fund a company because this strategy is superior to others by a large margin. But that doesn’t mean it’s foolproof. The most common mistake I see entrepreneurs make is securing and deploying capital, and then not repaying it in a timely manner. … Read more
Despite increasing interest rates and credit balances, banks are facing a more challenging business environment today. That’s because late payments and defaults are also increasing, and unfortunately, that’s happening at an even faster pace compared to previous years. Our weak economy is also impacting consumers and small businesses as well. Since they don’t have the … Read more
Winning a deal is only the start. The real risks emerge when diligence never reaches the contract.
The Sarasota office adds an experienced advisor with banking and wealth management expertise.
Hancock Whitney is expanding its Florida wealth business after acquiring Sabal Trust.
If you spend enough time doomscrolling social media, you’ll eventually see someone claiming the financial system is about to change forever. Recently, someone forwarded me a viral video warning that major changes to the credit system would destroy Americans’ credit scores overnight. The creator pointed to three issues: Buy Now, Pay Later accounts, the rise … Read more
While there’s something to be said for bootstrapping a business, leveraging debt to launch or scale can be a game changer if handled properly. The key to success here is twofold. First, you need to be responsible with debt because it can quickly spiral out of control—especially in a soft economy, so how you use … Read more
There’s a reason portable mortgages are suddenly a topic of conversation everywhere lately. The housing market is a mess because rates are up, qualifying for a mortgage is tougher than ever, and for every single house that has skyrocketed in value, hundreds of buyers are priced out of the market. On the surface, portable mortgages … Read more
There’s been a lot of talk lately about using regulatory bodies to cap credit card interest rates as a way to lower costs for Americans in today’s softening economy. On the surface, this sounds logical. If you cap credit card interest rates to some arbitrary lower number—like the 10% cap currently being proposed—consumers’ monthly payments … Read more