The idea that business and personal lives are completely separate is not true for anyone. Work is a source of personal satisfaction, close relationships, and the money it takes to live. Business and personal worlds are especially linked for business owners, whose personal passion and assets are tied up in their business.
Many businesses think of banks primarily as a place to deposit and borrow money, but there is a whole range of services, known collectively as treasury management, that can elevate a bank from a service provider to a partner for businesses of any size.
After two years of improvisation and unexpected challenges, many businesses are ready to look forward. Whether applying lessons learned or seizing new opportunities, owners are seeking capital to help them start their next chapters. For many small businesses, a loan from the U.S. Small Business Administration (SBA) may help them make the shift from “surviving”…
Your banking relationship is one of the key professional partnerships for your business. Your banking partner is responsible not just for protecting and managing your assets, but also helps arrange financing to leverage your strategic plan and provides you with insights that come from working with a wide range of businesses.
Debt is an important and sometimes misunderstood part of a business’s balance sheet. Owners may mistakenly assume all debt is bad and should be avoided. The truth is more complex.
The state of public health and the economy over the past year and a half led large numbers of people to turn to charities for help. These same forces created both challenges and opportunities for business owners and high net worth families, many of whom have reevaluated what they want their legacy to be.
Deposit products offered by Alerus Financial, N.A. Member FDIC.
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