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What You'll Need to Pass SBA Muster

by Samia S. Morgan

What you'll need to pass SBA muster

Banks are once again offering loans backed by the Small Business Administration, but even a federal guarantee doesn't mean the decision is easy. Lenders want to see detailed spending plans, management's résumés and full financial data, writes Rachel Zippwald, a vice president at California Bank & Trust. Also, she advises, be prepared to explain your projections, defend your credit score and answer plenty of questions. Reuters/Entrepreneurial blog (12/3)

Samia Morgan is proud to be listed with the Better Business Bureau - 
BBB Accredited business since 03/01/1994

Your San Mateo Real Estate Advisor

BBB - TrustBrief - Advancing trust in the marketplace


Ready or Not: It's Time to Prepare for Tax Time

by Samia S. Morgan

Ready or not: It's time to prepare for tax time

Talking to your accountant now about a few key areas can save you real money when April 15 rolls around, Ned Smith writes. Some equipment purchases won't be tax deductible next year, for instance, and you must establish retirement plans before year's end, even if you don't fund them until 2011. December is also a good time to review insurance coverage, especially since premiums are falling sharply. BusinessNewsDaily.com (12/8)

Samia Morgan is proud to be listed with the Better Business Bureau - 
BBB Accredited business since 03/01/1994

Your San Mateo Real Estate Advisor

BBB - TrustBrief - Advancing trust in the marketplace


Technology Rebuilding Trust in Banking

by Samia S. Morgan

New companies use technology to rebuild trust in banking

In the wake of the financial meltdown and foreclosure mess, companies such as Venmo, BankSimple and Blippy are working to gain something big banks seem to have lost: trust. Venmo allows friends to easily exchange money, without charging a fee, while BankSimple aims to make banking more efficient, more transparent and cheaper. Inc.com (11/22)

Samia Morgan is proud to be listed with the Better Business Bureau - 
BBB Accredited business since 03/01/1994

Your San Mateo Real Estate Advisor

BBB - TrustBrief - Advancing trust in the marketplace


Shifting Employees' Duties: Key to Preventing Fraud

by Samia S. Morgan

Why shifting employees' duties is key to preventing fraud

Small businesses are relatively more likely to suffer from employee fraud than large ones, writes forensic accountant Nathaniel McKenzie, who cites thorough résumé checks as the first line of defense. Once on the job, any employee who handles money should be rotated periodically into a different position, allowing you to spot cash-flow patterns that could indicate fraud. The Miami Herald (free registration) (11/8)

Samia Morgan is proud to be listed with the Better Business Bureau - 
BBB Accredited business since 03/01/1994

Your San Mateo Real Estate Advisor

BBB - TrustBrief - Advancing trust in the marketplace


Getting Easier to Win the SBA Numbers Game

by Samia S. Morgan

It may be getting easier to win the SBA numbers game

About 2,600 of the 8,000 banks in the U.S. participate in the Small Business Administration's 7(a) loan program -- and each makes an average of 17 loans per year. But higher loan limits and reduced fees approved by Congress in September should help to increase those numbers, experts say. "The changes in the program ... are going to have more and more bankers get into the SBA lending programs," says Paul Merski of the Independent Community Bankers of America. U.S. Banker (12/2010)

Samia Morgan is proud to be listed with the Better Business Bureau - 
BBB Accredited business since 03/01/1994

Your San Mateo Real Estate Advisor

BBB - TrustBrief - Advancing trust in the marketplace


Time to Buy...or Not?

by Andy Block - Mortgage Advisor

Open a newspaper or search online news on any given day and you can easily find contradictory articles telling you why now is the best time to buy...or conversely, why now is not the right time to buy. What we know from working with our clients is that there is no ‘one-size-fits-all’ right or wrong time to buy. Financial lifestyle and retirement goals need to be given priority consideration in any assessment of when to buy, refinance, sell or “move up.”

For example, interest rates that have been at their lowest in more than 50 years have recently begun to rise, and are expected to continue to rise through 2011. This means that as rates go up, the loan amount you will be able to qualify for will most likely go down. Additionally, last month the California Real Estate Association released their 2011 yearly outlook and indicated that home sales and the median price paid for a home should improve slightly next year, even as the economy continues to struggle. So with both interest rates and housing prices at their lowest levels in years (but expected to rise in the coming year, slowly albeit), this may be a very good time to consider buying, refinancing, selling or “moving up.”

Keep in mind that as you consider making any type of change, you’ll want to make a thorough assessment of all of your financial obligations and ambitions – and both the short-, and long-term impacts your decision will have on your retirement goals. Every important financial decision you make has a lasting impact on your retirement. Knowing how different scenarios will play out can equip you with the information you need to make a wise decision.

If you’re considering buying, refinancing or selling at this time, give me a call and I will begin a thorough assessment of your financial situation so that you’ll be completely prepared to make the decision that is right for you.

Andy Block - Mortgage Advisor & Financial Advisor
Opes Advisors

Email Me
 
Direct: 650.931.0605
Fax: 650.931.0601

License #01096311
400 S. El Camino Real
Suite 250
San Mateo, CA 94402
Fax 650.931.0601


Opes Advisors is licensed as a registered investment advisor with the Securities and Exchange Commission (SEC) and is licensed as a Residential Mortgage Lender by the CA Dept of Real Estate.

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5 Tips for Year-End Cash Flow Issues

by Samia S. Morgan

5 tips for year-end cash flow issues

The end of the year is a perfect time to review your business plan, Rosalind Resnick writes, with an eye toward tweaks that can help you survive a cash crunch. Other steps you can take to get through a lean November and December: Use credit cards instead of your checkbook, start lining up work for 2011 and cash in loyalty points for holiday gifts or parties. The Wall Street Journal (10/29)

Samia Morgan is proud to be listed with the Better Business Bureau - 
BBB Accredited business since 03/01/1994

Your San Mateo Real Estate Advisor

BBB - TrustBrief - Advancing trust in the marketplace


Finding a Contractor and Avoiding Credit-Card Scams

by Samia S. Morgan

BBB FAQs include finding a contractor and avoiding credit-card scams

BBB's Paula Fleming answers some of viewers most frequently asked questions about BBB and consumer protection in this interview. Questions include how to file a BBB complaint and what happens next, how to find a home improvement contractor, and how to avoid scammers trying to get your credit-card information over the phone. ClipSyndicate/WFXT Fox 25 /Boston (11/10)

Samia Morgan is proud to be listed with the Better Business Bureau - 
BBB Accredited business since 03/01/1994

Your San Mateo Real Estate Advisor

BBB - TrustBrief - Advancing trust in the marketplace

Time to Thaw Out Salaries?

by Samia S. Morgan

Is it time to thaw out salaries?

Business owner Jay Goltz writes that most workers have not seen any sort of raise since the recession began three years ago. At first, those workers were happy just to have a job. But three years is a long time, and news reports say the economy is getting better. Does that mean it's time to start handing out raises again? There's no easy answer to that question, he writes. NYTimes.com/You're the Boss blog (11/4)

Samia Morgan is proud to be listed with the Better Business Bureau - 
BBB Accredited business since 03/01/1994

Your San Mateo Real Estate Advisor

BBB - TrustBrief - Advancing trust in the marketplace

Get More of What's Coming to You

by Samia S. Morgan

Get more of what's coming to you

In this economy, no small business can afford to let receivables go unpaid, so Robert Bovarnick, founder of Bovarnick & Associates, offers five tips for collecting what's yours. For instance, calculate the interest you've already let slide and put that number in writing, along with a date you will start demanding interest. It's a simple step that works every time, according to Bovarnick. Forbes (11/22)

Samia Morgan is proud to be listed with the Better Business Bureau - 
BBB Accredited business since 03/01/1994

Your San Mateo Real Estate Advisor

BBB - TrustBrief - Advancing trust in the marketplace

Displaying blog entries 1-10 of 22

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