Florida Capital Bank

St. Pat's Stats | MGIC Infographic

Posted by MGIC on Mar 15, 2017 9:00:00 AM


Have you ever been curious about what St. Patrick's day is really about? Take a look at these St. Pat's stats for more information on this internaional day of celebration!

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"I Want to Diversify My Net Worth, But I Am Not Ready to Sell My Company." : Florida Capital Advisors

Posted by Lesli Carroll on Mar 8, 2017 9:00:00 AM


Even after so many years of serving as CEO of your closely held private or family owned business, you find that you still experience great satisfaction and personal motivation from leading the strategic direction of your company. You have asked and answered the important question of whether or not you are ready for an ownership transition - and your answer is a resounding:  “NO”!   You have invested time and energy, weighed all options carefully, and determined that there is so much potential yet to achieve.  While you remain “All-In” with your company, however, you may find that your mind is not quite truly at peace just yet.

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Solving for X: Florida Capital Advisors

Posted by Chuck Owston, CM&AA, CEPA on Mar 1, 2017 9:00:00 AM


You may remember from high school algebra something along  the lines of; solve the following for X. Solving for X means finding the value of X that would make the equation true. For example, what is the value of X if X+1=3. Well it must be two, since 2 + 1 = 3, X = 2. With a simple equation like this it was possible to just think briefly about it and get the answer. The more complicated the equation gets, the more work is involved.
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Preparing for Adjustment: 5 Ways to Ge Ready for an ARM Rate Change

Posted by Florida Capital Bank on Feb 22, 2017 9:00:00 AM

One of the great selling points of an adjustable-rate mortgage (ARM) is that it comes with a relatively low interest rate during the early years of the loan’s life, making it a great borrowing option for a number of reasons, depending on your personal housing goal. If you’re less likely to stay in a home longer than five or seven years, taking advantage of a 5/1 or 7/1 ARM rate may be in your interest. However, when that agreed-upon time period comes to an end, you’ll want to be ready for a change in finances despite what new rates may look like.

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How to Accomplish an Internal Sale of Your Business to Management or Family

Posted by Chuck Owston, CM&AA, CEPA on Feb 15, 2017 9:00:00 AM

If you decide the best scenario for you is to transfer ownership of your business to management or family, more often than not you will need some combination of bank financing and seller financing.  The buyer’s goals most likely will be to minimize their personal out of pocket equity contribution and to maximize the amount borrowed.  This approach not only covers their buy in, but also can provide additional working capital to accomplish new growth strategies and cover closing costs associated with the acquisition.  The key to executing this approach is to minimize the lender’s perceived risk in financing the transaction.  Admittedly banks are in the risk business; however, there are strategies that seller and buyer can collaboratively employ to minimize the risk of a particular transaction.  One way to mitigate risk for the bank is for buyer/borrower to utilize the SBA 7a Government Guaranteed lending program.

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Favorite Facts About Valentine's Day | MGIC Infographic

Posted by MGIC on Feb 8, 2017 9:00:00 AM

Embedded from MGIC Connects

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A Different Perspective on Growing Business Enterprise Value

Posted by Chuck Owston, CM&AA, CEPA on Feb 1, 2017 9:00:00 AM


What should business owners do to grow the value of their business? Most advice favors increasing sales and enhancing profits. Instead, business owners should strive to get the business viewed as a low risk, highly desirable investment opportunity. Every lender, investor or buyer looks at a business differently; however, the one factor that trumps all others is how much perceived risk is inherent in the business.

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5 Bad Habits Common to Mortgage Brokers (And How You Can Drop Them)

Posted by Florida Capital Bank on Jan 25, 2017 9:00:00 AM

 

Between keeping up with closing loans for current clients and beginning the loan application with new clients, it can be easy for mortgage brokers to pick up behaviors that are detrimental to their success. No matter if you are a new broker starting out in the mortgage industry, or have been closing loans for more than 20 years, you may find yourself picking up one of these five common bad habits.

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Topics: mortgage, broker's blog

8 SBA Loan Challenges You May Face and How to Overcome Them

Posted by Florida Capital Bank on Jan 11, 2017 9:00:00 AM

 


Utilizing a Small Business Administration (SBA) loan to move further towards the goals you’ve set for your business is a great idea—one that was effectively used by more than 12,000 small-business owners in 2016. However, the process may not always come without bumps in the road. While many borrowers meet the same challenges when it comes to obtaining an SBA loan, there are solutions that will get you to your end goal.

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4 Ways to Ensure the Security of Your Mobile Wallet

Posted by Florida Capital Bank on Jan 4, 2017 9:00:00 AM

 

The ease of mobile wallets has lent itself to the growth of its use. From Apple Pay to PayPal, mobile wallets allow for a faster and more convenient way to check out in person and online. However, maintaining your security is just as important through your phone as it is through using physical debit and credit cards. Here are four ways to keep your mobile wallet secure.

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Topics: security, mobile banking security, cyber security