What is an entrepreneur to do in order to find money? No matter what business you have created or what you are selling, it will require capital. Establishing your LLC or S or C corporation is just a start. Once the business is actually open, it is necessary to find money. A bank loan may Read More

I had a conversation with a wealthy married couple who wanted to borrow money to renovate two houses for quick resale. They were both financially savvy, and the wife was a talented decorator. At first, they asked about a mortgage to do this, hoping to hold the mortgages for a short period of time and Read More

“Ed” owns an outdoor clothing and equipment store. While he did well selling clothing and footwear for camping, hunting, skiing, and other outdoor recreation, he wanted to expand his store. He needed room for additional inventory that would now include kayaks and paddles, tents, skis, and other equipment. While profitable, those products are large and Read More

“Manny” called late one afternoon and needed a $1.5 million commercial real estate loan. Before discussing his bank relationship over the phone or initiating an application, I had to “authenticate” him. Authentication involves a series of questions about his bank relationship that only the proper owner could answer correctly. He answered them correctly and without Read More

A husband and wife team owned a plant nursery and garden store. The store was small, and located in a relatively upscale, established neighborhood. We saw each other from time to time when they came in to make deposits with the tellers. One day, they sat down with me and told me that they had Read More

A woman who was working as a highly paid scientist decided to start a clothing design business as a side venture. She used an incorporation service, and said that if we opened her checking, she wanted credit. She also said that a competing multi-state bank took good care of her. I called her back once Read More

“Justin” is a 28 year old entrepreneur who sells nutritional supplements online. After a four-year tour as a U.S. Army infantry officer, he was able to amass approximately $40,000 in personal savings, thanks largely to exclusions on income tax of combat zone pay. He contacted me for assistance with setting up his business banking. He Read More

Crowdfunding can be a misunderstood term and as a funding option, has not been nearly as widespread or readily available as believed. The concept seemed simple enough; large numbers of people could just fund your startup if they chose to. However, that notion of crowdfunding was not available because the U.S. Securities and Exchange Commission Read More