December 19, 2016

Commercial Loan Rate Survey – Florida

Commercial Loan Rate Survey – Florida By: John Patterson CFP ® Up, up and away. Unfortunately Cats & Kittens, interest rates have recently gone up and future rises in interest rates in 2017 looks probable. The prime rate just rose ¼% and is now at 3.75%. In a little over a month the 5 […]
November 21, 2016

Florida Bridges Falling Down? Local Business Finds Financing

London Florida Bridges Falling Down? Local Business Finds Financing When the top guardrail & bridge repair company C. Slagter Construction Inc. had the opportunity to acquire a fantastic deal on machinery and equipment they reached out to us to find the best financing. This growing company also had the need for working […]
October 26, 2016

Five Red Flags to Spot a Predatory Small Business Lender

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 […]
October 3, 2016

Commercial Interest Rate Survey – Oct 2016

By: John Patterson CFP ® Rates are “Super” right now. No local lenders/banks reported any increases in their commercial loan rates and a few actually lowered their interest rates slightly. There is talk however of future tightening from some area Lenders The prime rate remains unchanged at 3.5% and the 10 year T-bill […]