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Lessons In Lending: Early retirement – Are you sure it’s what you really want?

By James Terwilliger
POSTED: November 2, 2011
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Early retirement sounds tempting. It’s a goal for many folks. But for some, it falls into the category of: “Be careful what you wish for. You might just get it!” Planning for retirement, particularly early retirement, tends to focus mostly on financial factors: • What are my income needs? • How much will be supplied [...]

Lessons In Lending: Why is working capital so important?

By Robert L. Lowenthal
POSTED: October 3, 2011
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In early 2010, I wrote an article on some ideas to better manage working capital. This time the focus is on the reasons why working capital and the conversion to cash are so important to commercial and industrial companies. Let us first review the definition of working capital.

Lessons In Lending: Lessons learned from the Great Recession (access required)

By J. Michael Reed
POSTED: August 1, 2011
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The Great Recession is a headline that is hard to turn away from. It’s like that accident you drive by but just have to glance at before you pass. The National Bureau of Economic Research has proclaimed the Great Recession to be a thing of the past …

Lessons in Lending: Cash management — how important is it? (access required)

By Mike O'Donnell and Leslie Bamann
POSTED: July 5, 2011
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Recently we had a conversation with a small business client, when the discussion of cash management came up. Our client was lamenting the fact that she just could not seem to match up the time that her business received payments from customers, with the interval of time to make payments …

Lessons In Lending: There’s no vacation from your finances (access required)

By Kari Carlotta
POSTED: June 6, 2011
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You can get away from your job, your home and your neighbor’s barking dog, but your finances follow you wherever you go. So, it makes sense to review your financial situation at least annually to find out where you stand and whether you need to make any changes to your spending plan.

City to reduce capital spending plan

By Daily Record Staff
POSTED: May 5, 2011
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Among the cuts being eyed by the city to close a $50 million budget gap is $15.9 million from the 2011-12 capital improvement program as part of the city’s reductions to close a $50 million budget gap.

Lessons In Lending: Is there risk in commercial real estate? (access required)

By Brendon S. Crossing
POSTED: May 2, 2011
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A real estate investor I was recently working with was evaluating the feasibility of purchasing a commercial building for investment purposes. During our conversation, the investor commented that there was “no risk” in the proposed investment.

Lessons In Lending: Former-employer 401(k) plans: Leave or move? (access required)

By James Terwilliger
POSTED: April 4, 2011
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Do you have a 401(k) or similar plan residing at a former employer? This might be the result of retirement, changing jobs or leaving the workforce temporarily. The key question is: “What should I do with the funds? Keep them intact or move them out?”

New attorneys sworn in

By Daily Record Staff
POSTED: March 7, 2011
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A total of 278 recent law school graduates joined the New York State Bar on Thursday after being sworn in during ceremonies hosted by the Appellate Division, Fourth Department, at the Hyatt Regency Rochester.

Lessons In Lending: Are banks changing their views on equity? (access required)

By Jeff Barker
POSTED: February 28, 2011
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Down payment or equity is a term that has been thrown around a lot in the banking industry over the past couple of years. As the credit markets have changed over the past three years, have banks changed their attitudes about equity?

Lessons In Lending: A review of 2010 and a forecast for 2011 (access required)

By Greg MacKay
POSTED: February 3, 2011
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At this time last year, I talked about the decided change undergoing the economy. The crushing blows of home, stock, and business meltdowns of 2008 had given way to an orderly recovery by mid-2009. The year 2010 saw that recovery continue.

Lessons In Lending: Analyzing collateral and why banks need it (access required)

By Gary Babbitt
POSTED: December 7, 2010
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Although there is no comprehensive industry-wide data available to show what percentage of commercial loans made in the United States are backed by collateral, an educated guess would be that the majority of business loans …

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