Business checking accounts are commonly used by business owners who want to keep their business funds separate from their personal funds. While checking accounts can be useful, they are not the only option to consider. A business savings account can be a superior option for business owners who want to reap the key benefits of… Read More »
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Business Line of Credit vs. Credit Cards
When unexpected cash shortages occur, a business line of credit and business credit card are two viable financing options. Both can be useful when you need funds to make a large purchase, fund operational expenses, or pay suppliers. There are some distinct differences between the two which may make one a better choice over the… Read More »
Insured Cash Sweep 101
Insured by the Federal Deposit Insurance Corporation, Insured Cash Sweep (ICS) is a service that allows you to secure large deposits while still maintaining access to your funds. You can also continue earning interest on any funds that are placed into a demand deposit account or money market deposit account. Not all banks and savings… Read More »
The Advantages of a Business Mortgage Loan
As a business owner, you have the option of leasing or purchasing a commercial property in which to run your business. While leasing can be a quick and convenient option, most business owners prefer to own their own space. Similar to a personal mortgage loan used to buy residential homes, a business mortgage loan can… Read More »
What Is a Personal Money Market Account?
When it comes to saving money, your options are not limited to a standard savings account. To maximize your savings, it is important to compare your options and choose an account best suited for your financial goals and needs. A personal money market account (MMA) is a viable option for depositors who desire a higher… Read More »
5 Reasons Why Your Business Should Acquire a Line of Credit
When it comes to borrowing money, businesses have several great options. From personal investments and commercial loans to equity financing and government programs, each of these funding options offer their own unique set of benefits. One of the most popular ways to borrow is through a business line of credit. A business line of credit… Read More »