Blog | Savoy Bank

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What are the 5 C’s of Credit? | How Banks Evaluate Borrowers

10/28/2019 What are the 5 C’s of Credit? | How Banks Evaluate Borrowers The 5 C’s of Credit are 5 characteristics Savoy Bank uses to evaluate potential borrowers. Discover what the 5 C’s of Credit are - and how your…

Seeking a Loan

10/09/2019 Seeking a Loan SEEKING A LOAN? GET YOUR FINANCIAL STATEMENTS IN ORDER BY MARILYN J. MAGETT When seeking a business loan, one of the best things you can do to…

THE SBA: TIME-TESTED CAPITAL SOURCE WHEN FINANCING REAL ESTATE FOR YOUR BUSINESS

08/07/2019 THE SBA: TIME-TESTED CAPITAL SOURCE WHEN FINANCING REAL ESTATE FOR YOUR BUSINESS Embedded in today’s complex web of mortgage conduits, mezzanine loans, limited partnerships, opportunity zones and sovereign wealth funds is a simple…

HOW TO DETERMINE YOUR WORKING CAPITAL NEEDS

08/07/2019 HOW TO DETERMINE YOUR WORKING CAPITAL NEEDS How much working capital does your business need? Most business owners who want to determine their working capital needs ask themselves a simple…

YOUR BUSINESS OPERATING ACCOUNT-SIMPLE WAY TO PUT YOUR MONEY TO WORK

07/23/2019 YOUR BUSINESS OPERATING ACCOUNT-SIMPLE WAY TO PUT YOUR MONEY TO WORK Smaller to mid- sized businesses work harder, dig deeper to use their hard-earned money wisely—from finding creative ways to control inventory to…

WHAT EVERY ENTREPRENEUR SHOULD KNOW ABOUT SBA LOANS

06/25/2019 WHAT EVERY ENTREPRENEUR SHOULD KNOW ABOUT SBA LOANS Loans guaranteed by the Small Business Administration are a vital source of entrepreneurial business funding. In 2017, more than 68,000 SBA-approved…

FIVE REASONS YOU SHOULD WORK WITH A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI)

05/26/2019 FIVE REASONS YOU SHOULD WORK WITH A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) Qualifying for a conventional business loan can be difficult especially for small to mid-sized businesses and organizations. But for businesses that…