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#610838 - 09/08/06 02:11 PM Business Credit Cards
MB Guy Offline
10K Club
Joined: May 2004
Posts: 10,124
Way, way south.
We have no reported business credit cards on our Small Business Loan LAR in the past, opinions on whether we should go back and amend prior years' LARs and add these?

The reason we didn't report them in the past is because we got some bad advice from our prior Compliance Officer.

Appreciate your thoughts.
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#610839 - 09/08/06 03:34 PM Re: Business Credit Cards
Don_Narup Offline

Power Poster
Joined: Jul 2001
Posts: 3,708
Las Vegas Nevada
Do you have a lot of Credit Card lines originated to Small Businesses that it would make a big difference in your percentages?

You do not report individual cards issued to employees of a business just the one line to the business.
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#610840 - 09/08/06 04:20 PM Re: Business Credit Cards
Pale Rider Offline
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Pale Rider
Joined: Aug 2002
Posts: 34,318
under the Lone Star
this type of loan comprised the majority of small business lending at our shop, may be worth going back to analyze --
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#610841 - 09/13/06 06:44 PM Re: Business Credit Cards
CRAatBOK Offline

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Joined: Mar 2004
Posts: 6,172
Further South than I wanna be.
Yep, I think I would go back and look at it.
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