Bizjournals.com reports on Sept 22 that existing home sales fell in August for the first time in four months as investors stepped away from the housing market according to the National Association of Realtors, which reports that sales of existing single-family homes, townhomes, condominiums and co-ops fell 1.7 percent last month. “There was a marked decline in all-cash sales from investors,” said NAR Chief Economist Lawrence Yun.
Every bank is going to tell a prospective client that they can serve their needs, but asking the right questions will reveal whether a bank is the right one for your business.
“Banks say they serve all businesses but you need to find one who has experience in your industry, who will share your priorities and focus their resources in areas that are important to you,” says Caroline Harkins, senior vice president and Southern California regional manager at Bridge Bank.
Smart Business spoke with Harkins about the process of choosing a bank.
It doesn’t have to be a total loss when the bank turns down your request for a loan to expand your business. When you take the time to explore why your application was rejected, you can boost your odds of gaining approval the next time around.
Every time another high-profile company like Target falls victim to fraud, both consumers and businesses scramble to ensure they have safeguards in place to keep it from happening to them.
It’s a tough battle to fight, of course, as criminals are always plotting to find a way around the latest security software and protocols to stay one step ahead of the authorities.
Investment volume registers above historical quarterly average ($3.8B) at $7.1 billion. The Silicon Valley continues to represent the region with 34% of the total sale volume.
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Employment - Men still lag behind women. Overall, men have 699,000 fewer jobs now than they did in December 2007, when the recession began. Women, on the other hand, recovered all their lost jobs last year. Why is this happening? First, men were hit harder in the recession than women. Second, the jobs that are returning are not the same ones that were lost in crisis. Male-dominated industries like construction and manufacturing accounted for about half of all jobs lost in the downturn, and those positions have been slow to return.
Companies that only do three or four international sales a month are often not aware of the various payment mechanisms that are available to them.
“They may not focus on the risks that come with international transactions and how banks can help mitigate those risks,” says Ken Rosenberg, senior vice president and group manager for the International Banking Division at Bridge Bank.
Smart Business spoke with Rosenberg about letters of credit and the value they can provide in protecting companies engaged in international commerce.
Software companies usually don’t have the accounts receivable, inventory or equipment needed as collateral for traditional bank loans. But lenders, recognizing the growth of the software market, are finding ways to provide businesses with additional financing.
The Silicon Valley bizjournals.com reports that Downtown San Jose's largest-ever high-rise housing project could break ground before the end of the year, developers said after receiving all city approvals for the just-under 2-acre parking lot at North San Pedro and West St. James streets. Developer KT Properties is currently meeting with potential financing partners to get the more-than $250 million project going, and fast. On tap: Two towers rising 228 feet tall with about 643 units between them, and 20,000 square feet of retail.