Loan or line: Which funding method is right for your business?
Every business needs cash to either sustain inventory, expand into new markets, purchase equipment or invest in marketing Sometimes that means borrowing money. Here's a look at two popular funding methods and how to pick the right option for your business. Read More >
Consider key person insurance to help mitigate your business risks
While your business is likely insured against property damage or theft, have you also protected your business’s most important asset, its key employees? Lost furnishings and fixtures are likely easily replaced, but key employees can be nearly irreplaceable. That’s why forward-thinking business owners purchase what’s called key person insurance to cover themselves against financial loss if a key employee were to die or became unable to work due to disability or illness. Read More >
Why you should know your business credit rating
If your small business is like many that responded to a 2015 Small Business Credit Survey by the Federal Reserve Bank, you may need a business loan or line of credit to expand your business or meet operating expenses. Almost half (47 percent) of the businesses surveyed had applied for credit in the past 12 months. Read More >
8 ways to help make your mobile device more secure
Among small businesses that don’t use mobile banking, the most common concern holding them back is security, according to a survey reported in The Financial Brand. Whether you use mobile banking or not, you should be aware that steps you take can make your smartphone or other mobile device more secure. Read More >
Is it time to review your company's retirement plan?
If your business offers a retirement plan to employees, such as a 401(k) or SIMPLE IRA plan, have you reviewed it recently? A well-designed retirement plan can help your business remain competitive with other California employers. A recent Society for Human Resource Management survey reveals what retirement savings and planning benefits other California employers are offering. Read More >
