In this 71st episode of About the House with Troy Galloway, Troy talks to Jason Halteman of PNC Bank about commercial banking. Find out what business owners need to do first to ensure they get approved for a loan.  Contact Jason by calling 314-412-9000 or by email at [email protected] Submit your questions at the Galloway Building Services Facebook page https://www.facebook.com/GallowayBuildingServices About the House brought to you by http://gallowaybuildingservices.com/ 1:32  Jason was in the Army National Guard for 6 years and is now married with 3 kids 2:37 Jason has over 21 years as a business banker 2:58 What will interest rates do? 3:26 Rates dropped in 2008 and have been increasing since then 4:12 Fixed rates for up to 25 years 4:58 Buying a strip mall how and what is an owner-occupied real estate loan 6:22 Troy has been working with Californians because they get more for their dollar in the Midwest 6:58 Investment property 7:30 Troy’s been working with Somalian hotel buyers 8:27 Apartment buildings are commercial once there are 4 or more units 9:30 SBA loans and conventional loans 11:30 Reducing tax burdens 12:25 What to do when getting ready to borrow money 16:55 Construction loan for an apartment building 17:35 How do you know I'm using the loan for the right things. 18:30 Looking at the past 3 years of taxes to see past inventory 19:05 Bad loans affects everyone. Just look at what happened in 2008 19:15 Down payments 20:36 Leveraging your building 21:30 How to get a better opportunity at your bank 24:45 How banks can help with collecting receivables quicker 26:51 Stolen check and post office delays 29:40 Paying with credit cards 31:30 Lender, accountant, and CPA all need to be on the same page 33:27 Will there be another recession? 35:30 Chinese are buying solid assets in America. 37:37 There is a huge lack of inventory but plenty of buyers 38:18 Millionaires were made during The Great Depression 39:03 Buying a business to conserve wealth 39:40 Financing to buy into a new medical practice 40:20 Troy put a little joke in one of his reports at a medial office 42:58 Equipment line of credit to buy new equipment each year 45:48 Friend of the show Jeff Solomon referred Jason Halteman to Troy 46:17 Jason shares a horror story about a buyer signing an impossible contract 48:49 Troy knows a restaurateur whose rehab cost so much that he can't pay the loan now 50:44 Hazardous waste 51:06 contact Jason at [email protected] 51:47 Find out more about PNC Bank’s services at https://www.pnc.com/