Florida Capital Bank

Watch Out For Prize Scams – So You Don't End Up Losing

Posted by Florida Capital Bank on Apr 26, 2017 8:30:00 AM

The announcement comes via regular mail, email or a phone call.

You’ve won a big prize, and now it’s time to collect your money.

All you have to do to claim the cash is pay a processing fee by supplying your credit card number, checking account number, or other personal information, such as your Social Security number. You might even be asked to wire money to a specific bank account before your winnings can be sent.

Don’t do it! It’s probably a scam.

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Beware of Chip Card Phishing Scams

Posted by Florida Capital Bank on Apr 12, 2017 8:30:00 AM

Enhanced security credit and debit chip cards are being rolled out to consumers as a powerful new defense against fraud and counterfeiting.

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As a Business Owner, Why is it Important to Understand the Value of Your Company: Florida Capital Advisors

Posted by Chuck Owston, CM&AA, CEPA on Apr 5, 2017 8:30:00 AM

There are approximately 6 million companies in the United States with revenues from $1 million to $150 million. Baby boomers own roughly 50% of these businesses. Typically, the perceived value of the business by the owner represents 75% or more of their personal net worth.

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Considerations for Diversifying Ownership in Your Company: Florida Capital Advisors

Posted by Peter Allport on Mar 29, 2017 9:00:00 AM

There are many reasons an owner of a company might consider diversifying ownership. The timing for a change in equity ownership can be driven by a number of factors.  Often it’s the natural progression of a majority owner seeking to diversify a portion of his/her net worth.  For many business owners, private company equity ownership often represents their single largest asset.  Therefore, this diversification can be an important step in de-risking the majority owner’s financial world.

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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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