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.
Not all businesses were affected by the economic turmoil of 2020-2021 equally. Some businesses will require careful nurturing to recover. Others saw a drop in expenses, increase in business , or both, and may have more cash and liquid assets on hand than normal.
Owning or running a business is a thrilling but stressful endeavor. Long hours, few peers, and knowing other people’s livelihoods depend on you can cause many sleepless nights. Add in the false expectation that a business leader should be an expert in all areas of business and the pressure can be overwhelming.
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