Banking Is Personal - Blog

Welcome to Banking is Personal. This blog is a place where Salin Bank hopes to give you information you can use. Our goal is to arm you with resources and knowledge about mortgages, wealth management, business lending and other banking-related issues that affect you and your financial objectives.


SBA Loans Explained

By Matthew Fields, Salin Bank Vice President, Business Development Officer on February 23, 2015

If you’re planning to start or expand a business, there are financing options available for you. The Small Business Administration (SBA) participates in a number of loan programs designed for business owners, entrepreneurs, start-ups, growing businesses, minorities, and veterans who may have trouble qualifying for a traditional bank loan.

To start the process, you should first visit a local bank or lending institution that participates in SBA programs. Salin Bank is a lender that participates in the SBA program.   It’s important to note the SBA isn’t the entity that makes the loan or credit decision to start or grow a business. A bank determines that the loan is eligible for SBA financing and provides the actual loan; the SBA provides a guarantee to banks and lenders for a portion of the money they lend. This guarantee protects the lender’s interests if the business owner defaults on the loan. (Think of the SBA as a co-signer on a SBA loan.) 

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Is Your Identity Safe with the IRS?

By Katz, Sapper & Miller on February 16, 2015

As tax filing season begins, the media and Internet are full of stories discussing telephone scams and e-mail phishing schemes related to the IRS and your personal information.
 
The telephone scam usually works like this: A person calls stating that he or she is with the IRS. This person will provide a last name – usually a common last name – and badge number. The person will give you the last four digits of your social security number. Your caller ID may even show that the call is from the IRS. The person will then state that you owe taxes and they need information from you in order to make arrangements to pay the amount supposedly owed. You may hear background noise to make it sound as if the person is calling from a call center. You may be threatened with legal action, jail time, or suspension of your driver’s license.
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ID Theft: What A Business Can Do To Protect Itself

By Denise Maines, Salin Bank Vice President - Security Officer on February 6, 2015

In light of this week’s breach at Anthem, Salin Bank wanted to remind everyone how vulnerable we all are to this growing problem. Every year, an estimated 8 to 12 million identity theft crimes occur. According to the U.S. Department of Justice, identity theft has become the No. 1 for-profit crime in the United States today.

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Top 10 Year-End Tax Planning Considerations for 2014

By Katz, Sapper & Miller - http://www.ksmcpa.com/ on December 17, 2014

Need help developing an effective tax plan? We’ve teamed up with the professionals at Katz, Sapper & Miller to help individuals develop effective strategies to optimize their 2014 taxes. We encourage you to take advantage of this information and read about the top 10 year-end planning considerations.
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Business Planning 101: Why Create a Plan and What to Include

By Frank Whelan on August 11, 2014

A business plan is the foundation of all businesses—new, old, large, or small—because it serves as a visionary roadmap and living document of where you want your business to go and how you will get it there. Business plans are not just for start-ups. Existing companies need planning, too.

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