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Paul T. Long

Paul T. Long

Business Acquisitions, Owner Occupied Commercial Real Estate and Equipment Financing

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HomeFrequently Asked Questions

Posts in category: Frequently Asked Questions

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Banker Question: If you notify your bank of fraudulent activity, will you be on the hook for it?

Frequently Asked Questions

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: Federa ...

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Banker Question: Can overdraft protection help you avoid huge fees?

Frequently Asked Questions

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 ...

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Banker Question: Are there still free checking accounts?

Frequently Asked Questions

Yes:  fortunately — although it’s true that consumers are paying more than ever in fees, and free checking accounts have become harder to find. ...

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Banker Question: Does the Federal Reserve sets the interest rate on your savings account?

Frequently Asked Questions

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 wh ...

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Banker Question: Are banks required to have FDIC insurance?

Frequently Asked Questions

Yes. FDIC insurance guarantees that, in the unlikely scenario that your bank collapses, the federal government will make you whole up to $250,000. Whi ...

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Banker Question: Does online banks offer higher interest rates than brick-and-mortar institutions?

Frequently Asked Questions

Yes, generally. Since they save money by not operating storefront branches, online banks can afford to offer much higher rates than the national ave ...

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Whats new with Small Business – Infographic

Frequently Asked QuestionsHelpful Articles & Tips

  by sba.gov

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Small Business Survival Rates and Firm Age

Frequently Asked QuestionsHelpful Articles & Tips

  by SBA.gov

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Watch out for IRS Scams… Even Bankers get the call- Listen to it here

Frequently Asked QuestionsHelpful Articles & Tips

I got a call from the IRS that I owe them money. Listen to see how the call went :) Paul    

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Spy on Your Competitors- Instapaper

Frequently Asked QuestionsHelpful Articles & Tips

Instapaper – a tool for organization This is a simple tool that allows you to save web pages for later to read on your computer, mobile phone, or eve ...

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