Archive | Financial Spotlight Interviews

Three Cs of Credit

In the final post on Bob’s interview with Dave Perry, Sr. Vice President of Fidelity Bank and Larry LaChance, President of Banker’s Capital, Dave and Larry discuss how their companies make decisions when someone is looking to borrow. Dave discusses the 3 C’s of credit – character, capacity and collateral. By looking at these three areas, financial institutions can make a decision on whether to loan to the prospective borrower. From the unconventional leasing perspectives, character is critical because if they are looking here, there is a story that has put the business owner in the position to use unconventional means to acquire money. Listen to the discussion on the 3 C’s of Credit

Continue Reading

Buying Foreclosed Property

Part four of the interview series with Dave Perry, Sr. Vice President of Fidelity Bank and Larry LaChance, President of Banker’s Capital, discusses what you need to know if you want to buy a foreclosed property. Do your due diligence. Know what you want to do with the property and know what you are getting into. Listen to the discussion on buying a foreclosed property

Continue Reading

Commercial Equipment Leasing

In part three of the interview with Dave Perry, Sr. Vice President of Fidelity Bank and Larry LaChance, President of Banker’s Capital, Larry discusses how you can secure financing for commercial equipment. Bankers Capital provides unconventional financing for those who need it and can’t get it through other means. Listen to the discussion on commercial leasing for equipment

Continue Reading

Commercial Financing – SBA 504 Loan and Small Business

Bob continues his interviews with Dave Perry, Sr. Vice President of Fidelity Bank and Larry LaChance, President of Banker’s Capital, about various topics on residential and commercial lending. Dave discusses the SBA 504 loan available to businesses trying to buy a commercial building. These new programs ensure the borrower has “skin in the game” so that the financial institutions and the borrowers will work together to ensure both benefit. Listen to the discussion Continuing the discussion with Dave Perry, Sr. VP of Commercial Lending at Fidelity Bank, small business owners can use the Small Business Development Center through Clark University to put together a plan to go to the bank to secure a loan. Listen to the discussion

Continue Reading

Residential Real Estate – Mortgages and Property Values

Bob interviews Dave Perry, Sr. Vice President of Fidelity Bank and Larry LaChance, President of Banker’s Capital, about various topics on residential and commercial lending. The first interview is with Dave regarding the residential mortgage market. They discuss current market conditions. Did you know that as of January 2012, if your mortgage has been sold to Freddie Mac or Fannie Mae, you can qualify for refinancing. Listen to the discussion Dave shares his thoughts on the residential values. Will the housing prices ever return to the inflated values that were prevalent a few years ago? The answer is no. However it is cheaper to stay in the home and refinance than to foreclose and rent. Listen to the discussion

Continue Reading