Bank Watch
Bank Watch
 |
 Black Rhinestone Flower Dial Watch w Faux Leather Strap  US $6.53
|
 NIXON The Manual RARE ALL BLACK EDITION NEW WATCH US $135.00
|
 Date Stainless Steel Automatic Mens Mechanical Watch US $29.99
|
 1970s 14K Solid Gold Concord Cartier Ladys Wristwatch 17j US $355.00 |
 Vintage 1960s M6 Bulova Accutron 10k GF Spaceview Wrist Watch Runs US $248.38 |
 Vintage ELGIN Starlite 17 Jewels Ladies Wristwatch US $.99
|
 Digital Analog Alarm Chronograph Digital Sports Watch US $1.56
|
 OHSEN New 7 color LED Light white stainless steel quartz women Mens Wrist Watch US $.33
|
 Black Mens LCD Digital Sports Alarm Watch w EL Light US $9.85
|
 Silver Tone Round Dial Stopwatch Time Date Alarm Watch US $13.83
|
 FREELOOK Gold Plated Stainless Steel Brown Rubber Chronograph Wrist Watch In Box US $49.00
|
 new SPiNNiNG SKuLL IRON CROSS WaTCH O RiNG CuFF Nemesis RoCk US $40.83
|
 new SKuLL WaTCH O RING CHAiN LeATHER CuFF Nemesis RoCK GoTH US $40.83
|
 new DRaGoN SkULL BLaCK Silver TaTTOO WATcH Dome Pyramid StUDS CuFF Nemesis GOTH US $41.78
|
 new SKuLL WaTCH O RiNG StUD CuFF Nemesis RoCk PiRATE US $41.78
|
 Javelle XXL GMT AUTOMATIC WATCH Brand new GB US $165.97
|
 INVICTA BABY LUPAH BROWN LEATHER COPPER MOTHER OF PEARL AWESOME COLOR EXCELLENT US $49.00
|
 Colorful Dial Wide Black Faux Leather Watchband Watch US $6.78
|
 NEW DIAL WATER QUARTZ HOURS DATE SILVER HAND SPORT MEN STEEL WRIST WATCH C014WW US $.99
|
 AK Anne Klein Watch Womens SILVER TONE 10 74076 ROUND FACE OPEN BAND L146 US $19.99
|
 AK Anne Klein Watch Womens GOLD TONE BROWN LEATHER CROC BAND 10 7908 L20 US $19.99
|
 GUESS Womens WATCH Silver Tone LINK Band Round Face G662801 L43 US $19.99
|
 AK Anne Klein Watch Womens SILVER TONE 10 7407 ROUND FACE OPEN BAND L143 US $19.99
|
 Digital Sports Multifunction Wrist Watch for Girl Child US $12.58
|
 Casio Databank Mens Wrist Watch US $12.50
|
 Pionier Admiral brand new automatic watch Limited GB US $213.39
|
 BREITLING EMERGENCY MISSION A73321 PROFESSIONAL CHRONOGRAPH US $2,800.00
|
 Mens Casio Data Bank Calculator Watch With 13 Languages Dual Time US $20.00
|
 NEW►►TEUTATES POLARBOCK 2012◄◄ STAINLESS STEEL AUTOMATIC WATCH MEN SILVER LUXURY US $52.00
|
 CASIO AW80 2BV MENS BLACK BLUE 30 PAGE DATA BANK ANALOG DIGITAL WATCH 50M NEW US $24.98
|
 CASIO AW80V 5BV MENS 30 PAGE DATA BANK ANALOG DIGITAL WATCH 10 YEAR BATTERY 50M US $21.50
|
 STEEL WATER ELEGANT QUARTZ HOURS HAND DATE BLACK RUBBER MEN WRIST WATCH C012 US $.99
|
 NEW PIRELLI MENS BLACK STAINLESS STEEL CHRONOGRAPH WATCH R7951904025 US $219.99
|
 CASIO DB380 1 MENS SILVER STAINLESS STEEL 30 PAGE DATABANK WATCH NEW MODEL US $34.98
|
 Blk Plastic Band Unisex Sport Digital Alarm Wrist Watch US $11.53
|
 VINTAGE OMEGA SEAMASTER AUTOMATIC DAY DATE SWISS MENS WATCH OLD USED ANTIQUE US $207.50
|
 NEW SEIKO VELATURA ALARM CHRONOGRAPH SAPPHIRE SPORTS WATACH SNAA93P1 US $389.00
|
 Just Bling watch with 12ctw diamonds black leather band New in case US $125.00
|
 MAUBOUSSIN designers swiss quartz watch with appraisal included $315000 US $600.00
|
 LUXURY ANALOG SPORT MEN WATER CLOCK HOURS DIAL STEEL WRIST WATCH C010BB US $.99
|
 Rhinestone Decor Square Case Pink Watchband Wristwatch US $6.00
|
 MENS OFFICINA DEL TEMPO SPORTS WATCH RARE EXCELLENT CONDITION NO RESERVE US $130.00
|
 MENS OMEGA SEAMASTER PLANET OCEAN CHRONOGRAPH EXCELLENT CONDITION NO RESERVE US $4,000.00
|
 NEW TAVAN LADIES QUARTZ SWAROVSKI CRYSTALS STAINLESS STEEL WATCH $999 RRP US $109.99
|
 ABCD Pattern Rhinestone Dial Silvery Band Women Watch US $6.51
|
 Pippo Luxury Collection Swiss quartz 99ctw diamond watch pink leather band US $800.00
|
 Ladies Seiko Analog Quartz Flex On Band Easy to Read Time Model V700 6091 US $8.50
|
 NIXON THE BANKS BLACK WATCH IN BOX US $25.00
|
 PIPPO Swiss quartz watch with 120ctw diamonds black leather band NIB US $1,100.00
|
 Girls Adjustable Yellow Rubber Band LED Digital Watch US $13.05
|
 |
Heavy Duty High Quality Piano Painted Wooden 20 Watch Display Cabinet Storage Box Sale Price: $179.99  |
|
Watches are the No.1 male accessory and a high class Watch Display Case will also bring up your taste and emphasize your collections. Because both of them encapsulate coveted masculine attributes: namely style, engineering and status... |
Banks Aren’t Lending to Businesses: Why Should They?
Lately, there has been a perception that banks, in general, are not lending money to businesses. A business’ ability to borrow money is instrumental in helping it grow. Loans afford businesses the necessary working capital or liquidity to successfully run their operations. While I don’t agree that banks are not lending money to businesses, I do believe that it’s becoming harder and harder to find quality businesses to lend money to. When a particular bank looks at a loan request there’s a variety of documents that they look at to determine whether or not a business is credit worthy.
Banks typically look at 2-3 years worth of financial statements that include business tax returns, a profit/loss statement and an interim balance sheet. Banks also look at the financial strength of the owners of the business thru the use of a personal financial statement and personal tax returns. Most banks also ask for a personal guarantee from the ownership if a loan is approved. Banks ultimately want to make sure that the business borrowing the money can cover the proposed debt. Most financial institutions look for a debt service coverage or debt to income ratio around 1.3 xs.
Based on the information above, let’s look at why the perception that banks aren’t lending exists. The United States entered into a tough economic recession beginning in December of 2007. Recessions create hardships for a lot of people and businesses alike. They bring a decrease in consumer spending, an increase in job losses, and a decrease in profitability for most businesses. That being said, unless a company was unaffected or affected very little by the current recession, 2008 and 2009 net income was most likely down for most U.S. companies, both large and small. Given that banks look at how a business has faired over the last 2-3 years, underwriters are going to be looking at financials for companies that are losing money or have little to no net income to support taking on more debt.
There are some cases where a business has an existing, long-standing relationship with a bank and this may help the bank become more comfortable in extending new or renewing existing credit. But for a prospect or new customer with no existing lending relationship, a bank would be looking at starting a relationship with a business that is making little to no money. So the question is, “Is granting a loan to a business that is not profitable, whether or not it’s because of recent economic conditions, a good business decision?” I say no. Banks, like any other for-profit company, have a responsibility to their shareholders and stakeholders. After all, isn’t making bad loans part of what contributed to the recent financial crisis?
According to the FDIC (Federal Deposit Insurance Corporation), 3 banks failed, or were unable to meet their operating obligations, in 2007. In 2008, 25 banks failed and so far in 2009, 140 banks have failed. These banks were FDIC insured and therefore sold to a stronger bank or run as a federally owned bank. But we aren’t out of the woods yet. In 2008, the FDIC’s “troubled bank” watch list had 50 banks on it that were being monitored because of their risk of failing. As of today the list is up to 575 banks and is growing every week. Banks are already highly leveraged institutions, due to the nature of taking deposits and loaning them out, so the last thing they need to do is make more bad loans.
In conclusion, how can a bank grant a loan to a company that may not be around in 2 years to pay it back? Banks, just like any other company, need to make good, sound business decisions. They need to lend money but they need to be careful in doing so. In short, most banks are lending money but they are being smarter and more cautious in doing so in hopes of not contributing to a repeat of the turmoil we are in today.
About the Author