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You’ve likely heard that cash flow is the life blood of your business. Without a good grasp on how cash is flowing in and out, many businesses fail. Managing cash flow can be challenging, but we’ve put together some strategies to help you.
When it comes to debt or large expenses, there are a lot of options. If you own your home, you may be able to utilize a low-interest Home Equity Loan or a Home Equity Line of Credit (HELOC). These can be better alternatives to high-interest credit cards or other loans as the rates are often lower and terms more flexible. Today we’re going to cover each type of loan, including their risks and benefits.
As our world becomes more and more digital, cyber security is a growing concern for small businesses. Breaches are expensive, in both loss of revenue and reputational risk, with 60% of small businesses going out of business within six months of a breach. Unlike large corporations, your business likely doesn’t have a big cyber-security protection budget. The good news is that there are relatively inexpensive tactics to keep your business safe.
We understand that not everyone may be a fan of crunching numbers and budgeting like we are. But even if you’re no financial guru, you probably like earning money and making it work for you. But to make your money work for you, you have to be strategic in how you use it. That’s why it’s smart to open a checking account with a community credit union like ours.
A good credit history will definitely help you get more credit. But did you know that it can affect your everyday life—even in the near future?
The information used to calculate your credit score comes entirely from the information in your credit report. Credit scores tell lenders and other businesses how likely it is that you will fail to make payments in the next two to three years. Scores range from 380-850, with 850 being the best.
When you don’t have enough money in your account to cover a bill or other charge and the account goes into the negative, the transaction is left unpaid and you’ll be given a Non-Sufficient Funds (NSF) fee. These fees can add up quickly if you’re not checking your account or receiving account notifications. Plus, it can leave your bills unpaid. Here are six ways to avoid overdrawing on your account.
The current housing market might make it easier to sell a house in most neighborhoods, but there are still ways to expedite the sale of your home. Give these tips a try, and most experts agree you’ll have an easier time making a sale.
We are excited to announce that we have a new auto buying partner! You know that Rivermark is a great place to get pre-approved for an auto loan at one of the most competitive rates around. But did you know that Enterprise Car Sales is different than buying from anyone else?
April is National Credit Union Youth Month! Financial education is crucial, and we want to help you teach your children about the importance of being responsible with money and saving for the future.