Every Business Needs a Strong Banker

Every Business Needs a Strong Banker

I’ve met my fair share of Business Owners who are skeptical of lawyers, bankers, accountants and/or financial planners. When it comes to bankers, I’ve known some who give some information to one banker and other information to another banker but never give the full story to any single banker. Others view bankers as necessary evils – when you need a loan, make nice with them - but...
Being Responsible for Another’s Debts Shows Lack of Judgement

Being Responsible for Another’s Debts Shows Lack of Judgement

There are four passages in the book of Proverbs which discuss the scenario in which one person (Guarantor) takes on the responsibility to pay the debts of another person (Debtor) should the debtor default on his payments. Here are the passages: Proverbs 6.1-6 My son, if you have put up security for your neighbor, if you have shaken hands in pledge for a stranger, you have been...