Summer is officially upon us, and with it comes the heat and humidity we know all too well here in Baltimore. Staying cool when the temperatures are hot can be a costly proposition, but there are a few tips we’d like to share so you don’t have to break the bank.
º Blow hot air: By having a fan simply move the air around the house, you’ll actually feel cooler. Running ceiling fans counter-clockwise, especially in elevated le... [More]
Our college years can be some of the best years of our lives, and of course we all know the educational benefits, but many of us do not think about the long term financial effects. That future bill left to be paid can be extremely alarming. According to Consumer Reports, the average debt outstanding for 2011 graduates is almost $23,000; however, we’ve all heard horror stories about people who have accrued well over $100,000 of debt by the time they’ve graduated. This is a scar... [More]
There have been many articles written on the topic of the “Personal Guarantee” as it relates to commercial loans. Traditionally, when a business owner comes to a bank requesting a commercial loan, one of the requirements is the owner’s Personal Guarantee. In a nutshell, the bank wants the owner’s promise that if the business fails to generate enough income to repay the loan, the owner(s) will step up and make sure the obligation is satisfied.