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As a former banker, I can’t stress enough the importance of “simple stupid” procedures regarding deposit accounts. It is imperative that bank customers open their statements monthly and review them. Recently, I had an inquiry looking for a banking expert…
When TABASFUNDING was founded in 2002, there were not a lot of alternatives for small business lending. Businesses could go to the bank, but banks often didn’t want to lend to small businesses. The paperwork is mostly the same, whether…
Nancy and I love staying at elegant old hotels, built in scenic out-of-the-way locations, where the destination is the objective. Some examples are the Grand Hotel, built on an island in Lake Huron, and the Balsams Hotel, pressed against Canada…
Does a Bank Have Any Responsibility for Making Loans Ending in Default? The economy is good now, but business doesn’t stay great forever. In a year or three, there will be a downturn, and a trail of bad bank loans…
My brother Robert and I own an antique boat, a 1947 Ventnor that belonged to our father. We had the boat restored over 8 years, and began to use it in 2013. The Ventnor mostly stays on a trailer in…
We’ve had two longtime friends pass recently, Carl Cousins, DVM and Clint Campbell. “Doc” Cousins was the proprietor of Haverford Animal Hospital for many years. I knew him as a kind man and a capable Veterinarian. I did not realize…
I read in the Philadelphia Inquirer about three Wharton grads who developed a new app, “Beer Me”. They intend to change the way that people order at bars. According to Beer Me’s calculations, using the App cuts the average payment…
At TABASFUNDING, we don’t make student loans. Our funding is strictly for expansion or acquisition of businesses. In the course of looking at those, however, we do review borrower’s financials. One recent husband and wife whose financials we reviewed have…
