LAKE HAVASU CITY, Ariz.—Aug. 16, 2018—Horizon Community Bank will soon be expanding its presence in Lake Havasu City with the addition of a second location, breaking ground last week at 101 Retail Center Drive. Expected to open early 2019, this location will house the mortgage department and provide traditional branch services for business and personal banking.
Business loans can be confusing, especially when it comes to the finer nuances of SBA and USDA loans. Therefore, we’ve created an infographic to help clarify the primary differences between a few of the most popular types of loans: SBA 7(a) and 504 loans, which have a government guarantee for the lender through the Small Business…Details
Lake Havasu City, AZ-August 1, 2018-Horizon Bancorp, Inc. (OTC Pink:HRRB), the holding company for Horizon Community Bank, has consistently shown strong loan growth every quarter since its OTC market listing, continuing the trend with a 2Q earnings report today that announces a 13.8 percent increase as of June 30, 2018, compared to the balance of…Details
When financing, there are many options to consider – especially when it comes to a high-ticket purchase for new equipment. Do you put it on a line of credit? Get a SBA loan? Finance through a bank or where it’s purchased? Lease instead of buy?
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…Details
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…Details
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…Details
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…Details
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…Details
Applying for a business loan is no small thing… it requires a substantial amount of paperwork to demonstrate the business is able to repay the loan. Several years of operating history, tax returns, balance sheets and other documents provide valuable insight to reassure a lender that the business is able to handle new debt. So…Details