Banking Archives

Online Banking for Small Business: How to Protect Yourself

By Lancaster Red Rose Credit Union | Mar 16, 2016

If you’re a small business owner, you’ll want to make sure you’re protecting your company’s assets and funds. Whether you’re the one doing the book work or have someone else doing your finances, you need to be using best practices when performing online banking for your small business or any other financial work online. If…

Special Tax Concerns for Cash Businesses

By 1800Accountant | Nov 18, 2015

Many small businesses do some or all of their transactions in cash. This raises some special issues and concerns. Technically, being paid in cash doesn’t make a difference in terms of income taxes; cash transactions are reported as any transactions by check, credit card, or electronic transfer. However, there are some unique issues that those…

Think Like a Banker and Get the Loan

By Dawn Fotopulos | Nov 13, 2015

Jim Blasingame is a small business owner’s best advocate. Jim and I caught up last week and these are the three small business tips every business owner should know, but doesn’t. Apply for a Loan When You Don’t Need It That’s not a typo. Apply for a loan when your small business is flush with…

What’s New in Small Business Lending?

By Biz2Credit.com | Jul 15, 2015

The small business lending landscape has changed dramatically in the last 50 years. In fact, the most dramatic changes have come in the last 20 years.

How to Know if Borrowing is Right for Your Business

By Susan Solovic | Apr 16, 2015

Big bank lending to small businesses is increasing. In addition to traditional loans, you may find yourself receiving unsolicited credit card offers from major banks.

Looking for a Loan? Go Local, Small Business Owner, Go Local!

By Susan Solovic | Jan 6, 2015

The first lesson a respected college professor taught his students was to not trust academic “experts.” If you look at the track record of these so-called experts, it’s never very impressive.

What to Do When Your Cash Flow is Down to a Trickle

By SmallBizClub | Oct 10, 2014

Cash is the lifeblood of a business. It needs to flow smoothly to keep the business in a healthy, growing state. And yet, cash flow problems are almost the norm, particularly with small businesses.

4 Essential Steps to Modify Your Commercial Loan

By SmallBizClub | Aug 26, 2014

Most small business owners have been accosted with a slew of real estate based troubles. While many have heard about residential loan modifications, small business owners may find themselves in a modification dilemma as well.

Alternative Financing for Full-Service Restaurants

By David Goldin | Jul 28, 2014

If your full-service restaurant has applied for and been denied a bank loan in the past, you’re not alone. Historically, restaurants have been one of the riskiest industries for entrepreneurs to undertake and banks have always been weary of lending to them.

Financing Short Term Assets

By Jerry Osteryoung | Jun 6, 2014

One problem I see all the time is businesses financing their short-term assets improperly, which greatly increases the risk to the firm and can potentially even cause it to fail. This is a serious issue, but it can be remedied by choosing an alternative financing method.