Author Archives: Paul Long


Everyone Has A Story Podcast with your host Roger Sargent and Special Guest Paul T Long – Trusted Business Lender for the South Sound. Topic: Things that bankers look for in financials when applying for a loan.


Commercial loans are different than residential lending loans. Below is the process and estimated time frame to complete each step. The most important part is when the bank asks for information that you are timely on the response as this Read more…


Yes— but only if you act quickly. If you lose your debit card or discover your PIN or password has been stolen, say something immediately: Federal regulations limit your liability to a maximum of $50 as long as you notify your bank within two Read more…


When you open a new checking account, you’re typically given the option of opting in for overdraft protection. But it comes at a steep price. Suppose there’s only $20 in your checking account, and you try to buy $30 worth Read more…


Yes:  fortunately — although it’s true that consumers are paying more than ever in fees, and free checking accounts have become harder to find. Do some digging online to find a truly fee-free account. And be sure to read your account’s Read more…


If you’ve already graduated and are still living with your parents, you’re not alone. In fact, a whopping 15% of all Millennials lived with their parents in 2016, according to the Pew Research Center. That’s up from just 12% in 2010 Read more…


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…