Category Archives: Banking

How is your Business Borrowing Fitness?

Posted on August 31, 2011 by Michael Shelton

The business borrowing process looks like an Olympic bar bell.  One end is heavily weighted with borrowing preparation and the other end with servicing the loan after closing.  Lift these correctly and you will have a successful borrowing experience.  Lift … Continue reading →

Posted in Banking, Borrowing, Business Borrowers, Strategic Planning | Tagged , , , , , , , , | 1 Comment

Lenders are Advancing! Borrowers, Run for the Lettuce!

Posted on February 11, 2011 by Michael Shelton

How do you compete when you are outgunned, outmanned, outmatched and every other OUTed in the dictionary? What hope do borrowers have today?  Is hope the best strategy there is? The Wall Street Journal reported that lenders are becoming very … Continue reading →

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A Legion of Lenders is Coming Ashore: How to Fortify Your Borrowing Defenses

Posted on November 1, 2010 by Michael Shelton

The Wall Street Journal reported that Bank of America plans to hire 1,000 new small business bankers in 2010-2011. The new hires will be responsible for bringing in new business by offering help with lending or cash management services. There … Continue reading →

Posted in Banking, Borrowing, Debt, Money, Strategic Planning, Uncategorized | Tagged , , , , , , | 2 Comments

Top Posts for Business Borrowers

Posted on October 19, 2010 by Michael Shelton

To continue the celebration of the first 25-post milestone, here is a list of the top posts for the business borrower. In an early post I compared the marriage relationship to the borrowing relationship with some keys for creating and … Continue reading →

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What is the Future of Borrowing Money?

Posted on October 4, 2010 by Michael Shelton

So what does the future look like for borrowers big and small? The credit crisis that began in 2007 with sub-prime mortgage defaults and moved to commercial loans in the fall of 2008 with the demise of Lehman Brothers has … Continue reading →

Posted in Banking, Borrowing, Debt, Money, Mortgage, Relationships | Tagged , , , , , , , , , , , , , , | 1 Comment

What’s your Borrowing I.Q.? Take the Test and Win the Title

Posted on September 29, 2010 by Michael Shelton

Here’s a chance for you to test your borrowing intelligence quotient.  Some of the questions were covered in previous posts and some are brand new material.  I’ve wanted to be the devious professor who gives the brutally hard test with … Continue reading →

Posted in About Me, Banking, Borrowing, Debt, Finance, Financial Planning, Home Ownership, Money, Mortgage | Tagged , , , , , , , , , , , , , , , , , , | Comments Off on What’s your Borrowing I.Q.? Take the Test and Win the Title

Home Ownership and Mortgage Rewind

Posted on September 26, 2010 by Michael Shelton

We’ve had some fun looking at home ownership and mortgages over the last several posts.  Let’s review what we’ve learned: September 22, 2010: The tale of the tortoise and the hare is an excellent object lesson about why going long, … Continue reading →

Posted in Banking, Borrowing, Debt, Money, Mortgage | Tagged , , , , , , , , , , , , , | 2 Comments

Are you a Mortgage Tortoise or Hare? How to Calibrate your Home Loan Radar

Posted on September 22, 2010 by Michael Shelton

Why are you in such a hurry to pay off your mortgage?  We should take a lesson from the tale of the tortoise and the hare when it comes to home loans.  Slow and steady wins the financial race. So … Continue reading →

Posted in Banking, Borrowing, Debt, Finance, Financial Planning, Home Ownership, Money, Mortgage, Strategic Planning, Uncategorized | Tagged , , , , , , , , , , , , , | 2 Comments

Financial Rabbit Trails v.s. GPS Financing: How to Avoid Path Integration

Posted on September 5, 2010 by Michael Shelton

Are you following a financial rabbit trail?  Does it loop around in seemingly endless illogical patterns? Animals use path integration to determine their location and direction.  In this post we’ll learn how to manage the impulse to follow a financial … Continue reading →

Posted in Banking, Borrowing, Debt, Due Diligence, Finance, Financial Planning, Money, Negotiating, Relationships, Strategic Planning, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , | 10 Comments

Who’s Afraid of the Big Bad Bank?

Posted on August 29, 2010 by Michael Shelton

Question: If the bank knocks on the door of your ATM or debit card made of straw and asks to come in for the ability to charge overdraft fees what should you say? Answer: Not by the hair of my … Continue reading →

Posted in Banking, Borrowing, Checking and Savings, Debt, Finance, Money, Relationships | Tagged , , , , , , , , , , , , , , , | Comments Off on Who’s Afraid of the Big Bad Bank?