3 smart places to stash cash reserves for your business

  Cash flow is the lifeblood of any business. Balancing income with expenses, investing money back in the business, using smart financing to grow and understanding how much cash you need to keep on hand and in reserve are key components of its success. Just how much cash to keep in reserve is a delicate balance that should be positively influenced by where it’s kept.

Protecting your money: is your bank account secure?

Behind the scenes of daily banking activity, banks go to great lengths to protect their customers, spending massive budgets on cybersecurity, data encryption and fraud prevention. Protecting customer data is a priority and clearly their measures are working. According to the American Banking Association’s most recent data, banks stopped nearly $17 billion in fraudulent transactions in 2016, a substantial increase from prior years. Debit and credit card fraud accounted...

Dodd-Frank: We’re lobbying hard for your success

Something noteworthy happened last week for the banking community; the very first act of legislation was signed to begin improving the Dodd-Frank Act, a bill intended to protect consumers that went too far. Passed in 2010 as a knee-jerk reaction to the financial crisis of 2007-2008, the Dodd-Frank Wall Street Reform & Consumer Protection Act was an effort to improve consumer protections and prevent unhealthy lending practices that influenced...

Is a business line of credit the best loan choice for your small business?

A business line of credit (LOC) is a familiar loan that’s appealing to many because of its flexibility. It can be easily misunderstood, however, so understanding its nuances are important. A discussion with a lender will often determine whether or not it’s the best solution for a borrower’s needs. Other loan products are often better suited. What is a business LOC? While there are several different types of LOCs,...

Horizon Bancorp, Inc. releases 1Q financial highlights, more than 12 percent annual loan growth

Lake Havasu City, AZ – May 1, 2018 – Horizon Bancorp, Inc. (OTC Pink:HRRB), the holding company for Horizon Community Bank, announced an annual loan growth of 12.6 percent as of March 31, 2018, compared to the balance of loans outstanding at March 31, 2017. The loan growth was steady in all of the bank’s branches and loan production offices, and included the establishment of new loan production offices...