Georgia 10- Florida 14
Banking | Financing

Georgia 10- Florida 14

This is actually NOT a SEC football score between the Dawgs and the Gators, but rather the frenzy of bank mergers that were announced during 2018, and we still have 2 weeks to go! This week alone, Fidelity Bank, First Landmark Bank, and Calumet Bank announced they had been acquired by larger banks.  So what…

Inside Your Banker’s Mind
Banking

Inside Your Banker’s Mind

When it comes time to renew your line of credit you might be wondering, what’s my banker thinking? For bankers, everything about your line of credit  is analyzing any changes in risk.  The financials tell a story about what happened in the business this past year. But more importantly your banker will ask you the…

How to Talk to Your Banker
Banking | Financing

How to Talk to Your Banker

You may have discovered that bankers unintentionally speak a language that business owners have a hard time understanding. I call it BankSpeak. Bankers use terms like liquidity, leverage, profitability, working capital, cash flow, EBITDA and sometimes don’t explain the context or the calculations behind these terms and how they might impact your business positively or…

5 Things You Must Know About Loan Covenants
Banking

5 Things You Must Know About Loan Covenants

We’ve closed several commitments for lines of credit, term loans and mortgage loans for equipment and real estate.   When reviewing your term sheets or commitment letters, after you go through the borrower, loan amount, rate and fees, collateral and guarantor section, you’ll end up at a section called covenants.

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