Mar
15
2023
W. Karl Baker, CPA
When discussing commercial financing needs with prospective clients, one of the first things we get asked all the time is “What’s the rate?” That depends on a lot of factors, such as property address, the borrower’s...
Feb
07
2023
By W. Karl Baker, CPA
Industry commercial lending underwriting criteria contain some “norms” that are universally agreed upon but applied differently from lender to lender. One of those “norms” is the rule of thumb that lenders will loan at 80%...
Dec
23
2022
By W. Karl Baker, CPA
There's lots of news out there saying "now’s not the time." "The economy is slowing down." "We're headed towards a recession." "The cost of borrowing is going up." This is a good...
Mar
03
2022
There are going to come times when your business experiences a disruption with its cash flow. When this happens, it can prevent you from taking care of crucial expenses related to keeping your company operational. To avoid a catastrophe,...
Feb
03
2022
Many people are looking to make and start something that has never been done before. Small businesses are starting to pop everywhere as people realize it’s something almost anyone can start. If you are looking to open one, there...
Jan
06
2022
Starting a small business can be an exciting process, however, it may not always feel easy. This can be especially true when it comes to figuring out how to finance it properly. That doesn't mean, though, that there's nothing...
Dec
02
2021
While a strong work ethic is an admirable attribute, if unmanaged, it can get out of control and harm other areas of your life. Finding a healthy work-life balance may not be something you have prioritized, but without it,...
Nov
04
2021
When starting or running a business, there can be a lot of things to think about, especially when it comes to your business's finances. When it comes to the finances of your business, one thing you will often need...
Oct
07
2021
If you're planning to start a company, one of the best things you can do is to break out of the mindset of living paycheck to paycheck. Instead, saving and budgeting is the name of the game. This will...
Sep
02
2021
Investing in long-term rental properties can be a great way to build income quickly, if you know how to do it. It's not a guarantee, and it does take diligence and hard work to build a portfolio of residential...