Raised in Saginaw, Accounting and Law degree make me spend too much time on details. Die hard Spartan/Lions/Tigers/Red Wings fan
Belleville, MI
Joined October 2012
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Think the government's 75% SBA loan guarantee protects you?
Think again.
Your home and personal assets could be at risk.
In Part II of Bank on Banking, I explain SBA loan defaults, personal guarantees, and what happens when things go wrong.
youtu.be/AQgfgq9jvZc
#SBALoans #SBA7a #SmallBusiness #BusinessLoans #BusinessFinancing #CommercialLending #Entrepreneurship #BankOnBanking
If MAGA were a Russian intelligence operation, what would it do differently?
Undermine American elections, discredit the FBI, divide Americans, weaken NATO and abandon Ukraine.
Russia interfered in our elections to benefit Trump and secretly funded American propaganda.
There is no proof Russia controls #MAGA, but Putin could hardly ask for a movement that better serves his interests.
The irony is that so many MAGA supporters genuinely believe they are putting America first, while advancing Russia’s interests.
Noem. Bondi. Chavez-DeRemer. Gabbard. Now Wiles.
Five powerful women out. Five men in.
For a guy who claims to hire only the best people, he sure seems to have a problem keeping the women.
#Trump #SusieWiles
🤖 Made with AI
SBA loans are not free money, and the government is not your rich uncle.
So why do banks use SBA guarantees, and why do borrowers still get rejected?
In Part 1 of Bank on Banking, I explain how SBA lending really works.
🎙️ Watch: youtu.be/eC_1rc0CaeQ
#SBALoans #SmallBusiness
Hugh_Herbert_Humphrey retweeted
Haley Stevens is so bat shit crazy I’m surprised I haven’t married her.
I said throughout the Democratic primary that Haley Stevens was little more than a shill for Israel and AIPAC. Nothing since has changed my opinion.
At the Michigan Democratic convention in April, Stevens was booed throughout her speech, while Mallory McMorrow and Abdul El-Sayed energized the crowd. The difference was striking.
AIPAC’s affiliated super PAC spent more than $30.6 million supporting Stevens and opposing El-Sayed during the primary. More recently, AIPAC reportedly directed another $9 million to a group supporting Republican Mike Rogers.
That is nearly $40 million spent trying to keep Abdul El-Sayed out of the United States Senate.
Why? Apparently, challenging America’s unconditional support for Israel is unacceptable, even when Americans are struggling to afford groceries, housing, and health care.
Israel provides universal health coverage to its citizens, while American taxpayers help fund its military. Yet millions of Americans still struggle to afford their own health care. Something is fundamentally wrong with those priorities.
When Stevens attacked Abdul, did he get angry or double down? No. He kept his focus where it belongs: lowering the cost of living, making health care affordable, and improving the lives of Michiganders.
That tells me everything I need to know about the character of these two candidates.
Abdul El-Sayed is a good and decent man who understands whom he is supposed to represent.
Michigan needs a senator who answers to its people, not AIPAC or its wealthy donors.
Vote Abdul El-Sayed.
Hugh_Herbert_Humphrey retweeted
I spoke with Haley Stevens yesterday.
Feeling a bit absurd in pointing out the obvious and being far kinder than I should have been, I reminded her that the outcome of this senate race will be viewed in the light of a future Supreme Court vacancy, and I expressed a hope that all of us understand the stakes.
She assured me she's supporting Dr. El-Sayed, sent me a video of a recent speech she gave blasting Mike Rogers and said this: "Still stands. I promise."
She also said she's been sending this video to other folks to make it clear where she stands on this race.
Again: that was yesterday.
I have known Haley Stevens for years. I have counted her as a friend and an ally. We've had many thoughtful conversations about this country, and she has never failed to remind me that her mother is a fan of my writing.
Whatever other political differences we have, she has always made it clear to me she would stand with LGBTQ people. It was a red line she refused to cross.
Instead, she has made the inexplicable decision to endorse a man who views LGBTQ Americans as second-class citizens unworthy of full equality.
I can't help but wonder what her mother must be thinking right now.
I have no idea what has happened to the person I thought I knew, but clearly, she has completely taken leave of her senses in endorsing a Republican who is little more than a Trump sycophant -- less than 24 hours after promising me that she has not wavered from the bigger picture.
I am disgusted with her cynicism and cowardice in this moment. God forgive me for trusting her.
If you're a Michigan voter and as disgusted as I am, get to your polling place and vote for Dr. El-Sayed.
Florida comes in early. If Nixon wins, this is what I am thinking. If she wins by more than 3%, watch out, could be 58-60
#Senprediction #BlueTsunami #democratsenate. .
The same business loan can be approved by one bank and rejected by another.
Big banks and community banks operate differently. Knowing those differences matters.
A "no" from one bank is not a "no" from banking.
Episode 8 of Bank on Banking is out today.
youtu.be/KxFA5Fv1lTo?si=4GbD…
#BankOnBanking #BusinessLoans #SmallBusiness #CommercialBanking #smallbankvsbigbank
Hugh_Herbert_Humphrey retweeted
You know it's true🎶
Everything Mike does🎶
He does it for Trump🎶
Hey Mike Rogers, when you see Trump today, show him this!
I have to give #Trump credit. He’s pulled off some remarkable feats:
He turned immigrants into the villain, even though undocumented workers are helping keep Social Security afloat. They paid about $25.7 billion in Social Security taxes in 2022 alone, for benefits most of them will never be allowed to collect.
He has cut health care, shifted enormous wealth to billionaires, and somehow convinced the middle class to cheer for the robber barons.
He took a party that spent decades distrusting Russia and got it to embrace Russia.
And his obvious decline has left a lot of #MAGA supporters stuck in the denial and bargaining stages of grief.
He is diminishing by the day. It’s only a matter of time before he lashes out at someone or has a medical emergency on live TV.
Dementia can strip away inhibitions and social filters, revealing what was underneath all along. Maybe we are seeing the real Trump, who happens to be gay.
I have no problem with that, but guessing his Christian nationalist base may feel differently…..
Trump on Jon Husted: "I'm studying his body. I've never studied the body of a man before. It's not my thing. Nothing wrong with it, of course. But it's never been my thing. But I looked at his ass. I said, 'His ass, shit, it's like a pile of muscle.' Then I looked at his legs and I said, 'Man, his feet are big.'"
Your business owns $1 million in assets.
That doesn't mean your bank will lend you $1 million.
Banks discount collateral values, sometimes substantially.
In this episode of Bank on Banking, I explain why.
youtu.be/ThueKBr4OV8
#BankOnBanking #CommercialLending #BusinessLoans #Collateral #FiveCsOfCredit #SmallBusinessFinance
Strong cash flow. Excellent credit. Plenty of collateral.
Still denied a business loan?
The fifth C of Credit—Conditions—may explain why.
This week on Bank on Banking, I explain how banks evaluate the economy, industry risks, and loan purpose.
bizmedica.com/bank-on-bankin…
#BankOnBanking
youtu.be/zVeM2X92cBU
Hugh_Herbert_Humphrey retweeted
A god who wants the government to live stream executions but gets furious about the government helping the poor, welcoming the immigrant, feeding the hungry, and protecting our planet is not the god revealed by Jesus Christ but a god invented by cruel and greedy men.
