Author Archives: Paul Long


No. The Federal Reserve does influence the rate you earn, however. The “Fed” controls something called the federal funds rate, which is the rate at which financial institutions lend money to one another overnight. That rate influences other short-term interest rates, including those Read more…


Yes. FDIC insurance guarantees that, in the unlikely scenario that your bank collapses, the federal government will make you whole up to $250,000. While not legally required, the majority of U.S. banks are insured, including just about any bank that’s a household Read more…


Yes, generally. Since they save money by not operating storefront branches, online banks can afford to offer much higher rates than the national average of .06 percent. That’s why you’ll almost always find leading online banks among the institutions with the highest-yielding savings Read more…


Seven Ways to Prepare for an Economic Slowdown From the Puget Sound Business Journal   Small-business owners can take comfort in how the Puget Sound economy keeps humming along. Employment for non farm jobs in King County grew 3.4% in Read more…


by Paul Long September 11, 2019 Commercial Real Estate Brokers have many types of Real Estate Finance experts at their disposal when closing a transaction and I am sure that there are quite a few commercial bankers in your contact Read more…


Published Tue, Mar 12 2019 • 8:30 AM EDT • Updated Tue, Mar 12 2019 • 11:33 AM EDT Emmie Martin- CNBC The typical American household has an average of $8,863 in an account at a bank or credit union, according to Read more…


By Paul Long May 15, 2019 Starting a business can rewarding, but can also be a lot of work. Many entrepreneurs look to purchase an existing businesses as an alternative.  When you purchase an existing business it gives you the Read more…


By BANKRATE STAFF JANUARY 3, 2019 Claudia Ramos, graphic designer and illustrator from North Hollywood, California, dreams of turning her side business, Claudia Ramos Designs, into a full-time gig. Her dreams are specific: She’d like to see her work and that of Read more…


Lack of funding can lead to unique challenges for disabled business owners By Andrew Paniello  |  Published: January 17, 2019 In 2017 the United States Congress quietly made the move to decrease provisions that enable the Small Business Administration (SBA) to make Read more…


Great time talking with Brian Harding of the Growing your Successful Business Podcast. I talked about how banks look at your loan request and some other small business tips.