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Cash Management

What are Your Business Lending Options?

Whether you’ve been in business for a few months or many years, access to funds is vital for your growth and sustainability. To that end, you may need to get a loan to help. But, which type of loan is the best fit for your business? To answer this question, take a look at your lending options to determine how they fit into your financial plan. Consider how much cash you need, how quickly you can repay your loan, and whether you can provide collateral.  Here are five common types… Read More >

Keep Your Business and Personal Finances Separate

You probably spend a lot of your day dealing with the operation of your business — buying supplies, paying employees, and more. Just be sure that whatever you do, you keep your business and personal finances separate.   Here’s why: Unless you’re a sole proprietor, you must file a separate tax return for your business. When you keep your expenses separate, it makes this process much easier and more manageable. Plus, if you use a business account to conduct business with your customers, you’ll reflect more credibility and professionalism (think… Read More >

Five Strategies to Successfully Manage Your Cash Flow

Maintaining positive cash flow is critical to the long-term success of your business. You need cash to pay rent and salaries, buy supplies, purchase new office equipment or invest in new technology for your company. When you manage your cash flow effectively, you can then position your company to take advantage of opportunities when they arise and experience continuous and sustained growth. Consider these five strategies to help manage your cash flow more effectively: Stay on top of accounts receivable Your goal should be to collect payment from your customers… Read More >

Merchant Capture – A Benefit You’ll Enjoy

Your day is finally over, and you’re exhausted. But, you still need to make your deposit for the night. It’s 7 p.m. and you don’t want to drive to the nearest branch to make your deposit. This is where Merchant Capture comes into play – it’s like having a 24-hour teller right in your office.   Here’s how it works:   Using a desktop check scanner, scan both sides of the checks in a single pass. Prepare your deposit – you’ll be able to view the scanned checks right on… Read More >

Finding a Healthy Burn Rate

Did you know that 29% of startups fail because they run out of money? That’s why it is critical to understand what your company’s burn rate is, why it is what it is, and how spending levels will inevitably change as your company grows. Let’s start with the basics from Investopedia: Burn rate is typically used to describe the rate at which a new company is spending its venture capital to finance overhead before generating positive cash flow from operations; it is a measure of negative cash flow. Burn rate… Read More >

Aug. 21 2019 | Posted in Business, Cash Management, Growth & Capital

5 Ways to Optimize Your Small Business Cash Flow

Keeping your cash flow rolling along is essential for running a small business and for your own peace of mind. You’d think it would be simple. Just make sure you have more coming in than going out. But with the ups and downs of business, it takes a smart strategy, planning and the discipline to monitor your finances on a regular basis. Here are a few tips that can help you maintain a steadier cash flow. Negotiate payment. It’s your business, so you have the power to negotiate. Make sure… Read More >

Coming Soon for Treasury Management Customers!

If you are a Treasury Management customer, a new statement is coming soon in addition to the monthly account statement. It is set-up to show your products, services, fees and balances in a clearly understandable presentation. If you have any questions, please feel free to call your Electronic Banking Support Team at 877-759-7939. If your business is not a Treasury Management customer but you are interested in learning about products to assist you in running your business more efficiently, learn more here or contact a member of our Treasury Management Team listed… Read More >

Get your Small-Business Finances Organized

Owning and running a small business can be challenging. There are a million little things to take care of and lots of big things that cannot be ignored. We’ve brought together our 6 top tips to get your small-business finances organized. Follow these suggestions to gain peace-of-mind and to thrive in your business! 1.  Keep a Separate Bank Account Congratulations! Your business is making money. Now it’s time to separate your business and personal finances.  Why is it important to have separate accounts? You appear far more professional to clients… Read More >

How healthy is your cash flow?

What’s your why? Whatever your business, you probably jumped in because you saw a great opportunity or you loved the field. But just because you love baking cakes or you’re an amazing web designer, doesn’t necessarily mean you love every aspect of the business. It’s easy to spend less time on areas you aren’t as passionate about. But success means not neglecting anything, and cash flow is an important area. Why cash flow matters It’s always worth it to keep an eye on your cash flow. Why? A healthy cash… Read More >

Convert Your Accounts Receivable into Liquid Cash

Could you increase profits by operating from an enhanced cash position? We would like to introduce you to a program that puts you on all-cash basis by providing working capital for your receivables from a local financial institution! The program, called BusinessManager®, provides companies with immediate cash for their outstanding accounts receivables. More than 30,000 businesses have discovered that this program is the key to running and growing their businesses more effectively. Unlike a traditional line of credit secured by receivables, BusinessManager® converts your accounts receivable into liquid cash by bridging… Read More >

Apr. 3 2017 | Posted in Business, Cash Management, Growth & Capital