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About Finance Guy
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Expertise
1. All questions relating to finance 2. All practical aspects of mergers and acquisitions 3. Many general business questions

Experience
Considerable experience in the area consisting of 25 years in both consumer and commercial finance and business management, including 15 years specializing in international Mergers and Acquisitions with over $100 billion in assets acquired Education/Credentials Business administration undergrad Wharton post grad in finance Awards and Honors numerous corporate awards Past/Present clients range from small enterprenurial companies to large multinationals
   

You are here:  Experts > Business > Small Business: Canada > Financing -- Loans

SubjectDate AskedExpert

Loan to future husband7/13/2008Finance Guy
  Q: I am in the process of making a 7% loan to my future husband for the purpose of paying off his ...
  A: My first question is why? Why are YOU playing banker? A lot of things could happen to your ...
sell gas station business6/25/2008Trish Hullen
  Q: I have a SBA 504 loan for a gas station business and property. I am about to close on the sale the ...
  A: John, The loan documents you signed most likely has language that makes it an event of default in ...
Payday Loan6/23/2008Bobbi Buehl
  Q: I live in Ohio and have defaulted on a payday loan. Collectors keep calling me and threatening ...
  A: I can't give you legal advise, but I can tell you this. If you defaulted on a payday loan, go to ...
Sosigner on loan6/17/2008Finance Guy
  Q: I own a piece of property with my 2 sisiters. My younger sister and I cosigned a personal loan for ...
  A: I am not an attorney, but know of no way that you can remove her without her permission. Keep track ...
Get A loan6/16/2008Finance Guy
  Q: I have a business plan. I just need a large amount to buy equipment. It is well servicing. I need ...
  A: Banks, finance companies, leasing companies can all easily finance this amount. The question is ...
Audit danger?6/15/2008Finance Guy
  Q: I heard that the works of an auditor comes with danger including being threaten and even murdered to ...
  A: Maybe if you take a job with the Mafia... Perhaps in some very extreme and rare cases, this could ...
Auto loan6/10/2008Finance Guy
  Q: Is it advisable to take a loan from my 401k to buy a used car worth under 10,000$? What other way ...
  A: Relatives, friends, neighbors... for a low interest rate car loan. Also, try a credit union. Next ...
mortgage payment raise6/9/2008Bobbi Buehl
  Q: recently my mortgage payment went from roughly $1127 to $1650 after an escrow re-analyzation. the ...
  A: Unfortunately, you are going to have to pay the back taxes. What I would suggest is this; take out a ...
What would you do?6/9/2008Finance Guy
  Q: If you were able to go back time, what would you do different, financially and career-wise, that ...
  A: A complete answer would require a book... Simply, listen more to the wisdom that my parents tried ...
Being a Financial Analyst?6/8/2008Finance Guy
  Q: How far can a person go in this world by being proficient in financial analysis? I am not but ...
  A: Dennis kozlowski, remember him? Chairman and CEO of Tyco, International, a $100 billion market cap ...
Interest on Bond6/6/2008Finance Guy
  Q: How can I check that I am being charged the correct amount of interst on my bond account
  A: If you are Canadian, then you can easily verify that the amount deducted from your pay has been ...
Accounting fraud?6/3/2008Finance Guy
  Q: Is there a possibility where a corporate borrower, realizing that banks evaluate it's accounts ...
  A: Sure, but it goes deeper than ratios. Corporations have inflated the value of assets, refused to ...
Salary woe?6/1/2008Finance Guy
  Q: Will the salary of a manager/exec involved in marketing/managing/approving loans for project ...
  A: Typically, the greater degree of difficulty, the more education required, the larger the dollars ...
Standard Loan5/31/2008Finance Guy
  Q: I'm trying to check something out on my loan. It appears that the loan office has messed up. On ...
  A: At 23.46% interest, your first payment of $100.00 should have had $20.12 applied to interest and ...
Banker vs Broker?5/29/2008Finance Guy
  Q: I'm not sure if you know these, but... In terms of income and career advancement, which of these 2 ...
  A: Wow... I take it you wouldn't settle for an "it depends" answer, right? First, if you make a ...
Rescheduling & Provisioning5/28/2008Finance Guy
  Q: 1. What's the meaning of rescheduling credit facilities? Can you give me a real-life example? 2. ...
  A: "Rescheduling" is simply the alteration of the terms and conditions of a loan agreement by either ...
add on interest5/26/2008Finance Guy
  Q: what is the diffence between the interest mechanics of add on interest and rule 78?
  A: Rule of 78ths, is a method of calculating interest that "earns" most of the interest for the lender ...
Auto Lease Disposition Fee5/21/2008Finance Guy
  Q: Are companies permitted to charge sales tax on auto lease disposition fees? If so, any idea where I ...
  A: for more see: http://www.leaseguide.com/lease09.htm Lease Fees and Taxes In car leasing, as in ...
pay off co-owners of land5/16/2008Finance Guy
  Q: I am a co-owner of 1 acre of land with two siblings. They want to sell now, I don't. I want to own ...
  A: 1 acre for $90K? Sounds high in this kind of market. How much money do you have to put down? ...
bank on yourself-?5/15/2008Finance Guy
  Q: Recently I've heard alot about a strategy known as "banking on yourself", and in doing a brief ...
  A: Bank On Yourself OK, what is up with this link: Bank On Yourself Is this some sort of scam, or is ...
loc obtained new business, partner left5/13/2008Finance Guy
  Q: Our 2 year old business obtained a line of credit thru the bank as a Small Business finance option. ...
  A: Sorry, did not realize that you were in Canada, ay... OK, what I would do, (IF YOU HAVE A GOOD ...
loc obtained new business, partner left5/13/2008Finance Guy
  Q: Our 2 year old business obtained a line of credit thru the bank as a Small Business finance option. ...
  A: I will give you a finance guy and business guy's perspective/opinion. First, the bank will probably ...
finance (mergers)5/4/2008Finance Guy
  Q: is it possible to form a profitable company by merging two business failure companies?
  A: Possible, but not likely... It all depends on the reasons that the two companies are failing. If ...
finance (liquidation)5/4/2008Finance Guy
  Q: why do liquidation usually result in losses for the creditors or the owners or both?
  A: This sounds like a homework question, but I will give you the benefit of the doubt... Simply ...
advice5/2/2008Finance Guy
  Q: my boss owns a moving compayn, and he wants me to buy it in the near future. i am 23 years old and ...
  A: This may be a great opportunity for you, if it is a good business and you can transition from an ...
shelf corporations5/1/2008Finance Guy
  Q: I presently own a business and have received some loans but they required guarantors. We were told ...
  A: You are wiser than the supposed consultants... I agree completely. The shelf corporations are only ...
The Bank Says I still Owe Money4/30/2008Bobbi Buehl
  Q: I recently re-financed my home loas (1st and 2nd). Both loans show on the bank's website as "PAID ...
  A: Yes, you do need to pay it off!! If you don't pay it off now, someday when you need to refinance ...
Co-signing4/30/2008Finance Guy
  Q: My son co-signed for a roommate for a loan to finance a motorcycle. He knows the roommate is late ...
  A: This is something my son would do, just that perfect combination of naivete and good heartedness... ...
co-signing a mortgage with my sister4/30/2008Bobbi Buehl
  Q: My husband and I own a house that is for sale in one state and have moved to another and are ...
  A: Is the reason you aren't buying the house yourself due to the fact you have another home? If so, all ...
Home Equity/ Line of Credit4/22/2008Finance Guy
  Q: I have a mortgage on my current home, right now I am looking to get something bigger and have found ...
  A: Typically, at least now, banks will not loan you 100% of the value of your property. Simply go to ...
Home Equity, financing a home4/22/2008Bobbi Buehl
  Q: I have a mortgage on my current home, right now I am looking to get something bigger and have found ...
  A: To take an equity loan out on your present home, contact a local bank and see what you qualify for ...
Business Grants4/16/2008Finance Guy
  Q: I'm starting 2 companies. One Is going to be established as a non profit and the other a ...
  A: 1. Pray 2. Relatives 3. Friends 4. Potential investors 5. Potential customers 6. Other ...
company financing4/13/2008Finance Guy
  Q: "I am studying a certificate in business and am stuck (have been for weeks) on oneUnder what ...
  A: test book answer: http://vig.pearsoned.co.uk:8081/catalog/uploads/FMF_C06.pdf CREDIT Credit is ...
Start up Capital4/3/2008Finance Guy
  Q: I am interested in starting a small operation repairing computers and I have a decent plan put ...
  A: Get your customers to invest in your business. That is, get PREPAID orders for your services. ...
Financing4/1/2008Finance Guy
  Q: I'm considering a second home purchase. Let's say the purchase price is $100,000.00, I have an ...
  A: The lowest, of course, is your own cash. Short of that, some people borrow against their CD's for ...
Mortgage Payments3/28/2008Bobbi Buehl
  Q: Is it true that you can save interest and pay off your mortgage earlier if you split your payment ...
  A: Kathleen, You can also knock off how long it takes to pay your home off by making additional ...
Mortgage Payments3/26/2008Bobbi Buehl
  Q: Is it true that you can save interest and pay off your mortgage earlier if you split your payment ...
  A: Kathleen, Yes, its true! You can also knock 3 years off a 30 year mortgage, if you make an ...
payday loan3/26/2008Finance Guy
  Q: I received a call from someone threatening me that I was going to be arrested for fraud and theft ...
  A: What you describe violates both state and federal law: I have listed both the PA state's debt ...
Theft of Property Real and Personal by lawyers3/26/2008Bobbi Buehl
  Q: How do you recommend would be the best way to directly contact Bank Chairman to advise lawyers have ...
  A: I guess it would depend how accurate your proof is, that there was a theft involved. If you have ...
obtaining financing for small business start up with less than perfect creedit3/24/2008Finance Guy
  Q: my name is Corey and I am interested in opening an ice cream/sub shop in a small town in rural ...
  A: Your decision should rest on the amount and type of due diligence that you do in researching this ...

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