How We Became Lake Ridge Bank
We knew right from the start that one of the most important decisions we would need to make was what to name our new bank.
We’re in the midst of a particularly unpredictable and challenging economic period. Yet, regardless of whether times are tight or plentiful, your bank should serve as a strategic business partner. If your banker simply takes orders and responds to requests rather than getting to know your business and anticipating needs, it could be costing you money.
If your business needs expensive or specialized equipment like machinery, fleet vehicles, heavy duty trucks, or high-end computers, you may be wondering how to finance these purchases. Let’s consider some factors that might influence your decision to either buy or lease.
As any business owner knows, there are many financial considerations to make when deciding how to run the company. A qualified tax adviser can help.
Interest rates have been extraordinarily low for the last 10–20 years, giving a generation of business owners confidence in their ability to repay loans to grow exponentially and operate more efficiently. That may change soon. When making decisions about new equipment, business expansion projects, or modernizing processes, you have several choices.
Before you get started on plans to expand your business, there are several steps experts recommend to properly prepare for an effective expansion. Your banker or potential investor will want to know you took these steps seriously and may even ask for data supporting your conclusions. Here are five ways to improve your chances of obtaining financing from a bank or investor.
How do small businesses make large purchases, start new construction, or finance other development opportunities? Here are several ways.
If your business requires a physical location, one of the biggest dilemmas can be whether to build, buy, or rent. In truth, there is no one-size-fits-all answer to that question. The most important thing to remember is, the answer that's best for you and your business should be based on facts and not fear of the unknown.
Help your business thrive this year by examining how lessons learned in 2020 can be the key to your success moving forward.
LIBOR has long been used as the market-driven index to set interest rates for business loans, in the U.S. and abroad. And it is on the verge of ending.
The actual forgiveness of your PPP loan – or probable forgiveness of your PPP loan – affects how you will file your taxes.
In a high-tech world, most check fraud is decidedly low-tech. Here are a few suggestions for businesses to avoid becoming victims of check fraud.
Every craftsman knows there are multitudes of ways to construct a beautiful piece of furniture. The same holds true for commercial financing.
Launching a business takes courage. Ensuring its success requires something more – namely, capital.
Your bank is open for business and here to help. Get financial assistance, use online tools, anticipate trends and act now. Learn more about these tips!
Your business derives maximum benefit from a bank that does more than process transactions. Here's how to ensure you're getting what you need.
There are tools that can help you create efficiency in your cash flow cycle. Where are you currently spending your time, and where would you like to?
In the last two years I have not spoken with a business owner or human resources manager, regardless of the industry, that is not having difficulty finding employees.
You're ready for the next steps for your business. But do you know how to prepare for those next steps?
One of the main decisions in commercial investing is whether to buy an existing property or build new construction.
Do you know how the new tax law affects C-Corporations versus Pass-Through or S-Corporations? Learn the tax rate difference.
Capital Expenditures are important to most business operations. Investment often leads to a gain in operating efficiencies and increased profit margins.