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.

The Importance of Your Business Plan

By Frank Whelan, Vice President, Business Development Officer on March 23, 2015

Some people tend to think that creating a business plan is outdated and waste of precious time and energy. To the contrary, a well-written business plan - whether it encompasses one page or entails a multifaceted document - is an integral part of the success of your business.
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Branching Out - Finding the Best Bank for Your Business

By Amy Counts, Vice President, Business Development Officer, Columbus Downtown on March 16, 2015

Choosing the right bank for your business is an important part of your business plan. After all, your bank should be considered a partner in your future success and growth. The relationship you establish can last many years, so you need to be comfortable with the service and support your bank provides. 
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Growing Your Business

By Justin Libey, Vice President, Business Development Officer, Ft. Wayne on March 2, 2015

Saying you want to grow your business is one thing. Making that actually happen is a different story altogether. Almost every business, regardless of size, scope, or industry, shares the common vision of expansion and growth. And while there’s no surefire blueprint to guarantee success, incorporating a few simple ideas into your business plan may help put you on the right path. 
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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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