LAKE HAVASU CITY, Ariz.—April 2, 2019— Horizon Community Bank is pleased to announce Rebecca Goldberg has been promoted to a top leadership position at its main branch in Lake Havasu City, Arizona. As AVP/ Marketing and Business Development Officer, she will be handling marketing operations for all branches, business development and customer relationships for…
Cash flow is the lifeblood of any business, and managing it has a huge impact on a business. When a business owner wears multiple hats, finance may not be their area of strength, but having a solid understanding of the basics helps them be more successful. These five principals are a strong place to begin.…
Cash flow for a business can be a complicated balance of spending versus saving, but here’s a simple idea from the personal banking side that might be useful: stash extra cash in a certificate of deposit (CD). This common retirement tool makes sense to consider as a safe harbor for business funds, too. Not only…
Here’s what to know before you talk to a banker If making the switch from leasing to owning office space is on your mind, deciding if you can afford a commercial mortgage isn’t quite the cut-and-dried question it might seem. A simple loan calculator can’t replace conversations with a smart commercial banker that knows the…
How do we finance information technology (IT) equipment? The best option might surprise you. Technology is expensive, and like a new car that drops a hefty chunk of its value rolling off the lot, it becomes less valuable over time. It’s a major expense that needs replacement fairly often and like a new car purchase,…
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…
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…
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…
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…
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