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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.

Business Banking, Commercial Lending

Does Your Bank Provide Answers or Solutions?

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.

Business Banking, Commercial Lending, Small Business, Business Operations

When It Comes to Business Equipment, Is It Better to Buy or Lease?

By: Jeff Schleis

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.

Business Banking, Commercial Lending, Small Business, Business Operations

Business Income: Begin With The End In Mind

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.

Business and Commercial, Commercial Lending, Business Banking, Small Business

Now or Later: When Is the Best Time to Borrow?

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.

Commercial Lending, Business Banking

5 Tips for a Successful Business Expansion

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.

Business Banking, Commercial Lending, Small Business, Business Operations

Large-Project Financing Options for Small Businesses

How do small businesses make large purchases, start new construction, or finance other development opportunities? Here are several ways.

Business Operations, Commercial Lending, Small Business, Business Banking

A Blueprint for Construction Loans

By: Paul Cardarella

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.

Commercial Lending, Small Business

Lessons of Survival from 2020 Can Help You Thrive in 2021

Help your business thrive this year by examining how lessons learned in 2020 can be the key to your success moving forward.

Business Banking, Commercial Lending

Will the End of LIBOR Affect Your Loans?

By: Stanley D. Koopmans

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.

Business Banking, Commercial Lending

Tax Implications of SBA PPP Loans

By: Tara L. Grays

The actual forgiveness of your PPP loan – or probable forgiveness of your PPP loan – affects how you will file your taxes.

Commercial Lending, Treasury Management, Security & Fraud

Prevent Check Fraud, Gain Efficiency

By: Sam Huntington

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.

Business Banking, Commercial Lending, Small Business, Business Operations

How the SBA 504 Loan Program Can Help Your Business

Every craftsman knows there are multitudes of ways to construct a beautiful piece of furniture. The same holds true for commercial financing.

Business Banking, Commercial Lending, Small Business

When It Comes to Business Capital, It Pays to Weigh Your Options

By: Jeff Schleis

Launching a business takes courage. Ensuring its success requires something more – namely, capital.

Business Banking, Commercial Lending, Online Banking, Mobile Banking

Tips For Interacting With Your Bank ... Now And For The Future

By: Stanley D. Koopmans

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!

Business Banking, Commercial Lending

Five Ways To Get More Out Of Your Banking Relationship

By: Sam Huntington

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.

Business Banking, Commercial Lending, Small Business, Business Operations

Time Is Money and Cash(flow) Is King

By: Benjamin L. Swanson

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?

Business Banking, Commercial Lending, Business Operations

Where Are All The Employees You Need?

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.

Business Banking, Commercial Lending, Business Operations

The Steps Before Your Next Step

By: Benjamin L. Swanson

You're ready for the next steps for your business. But do you know how to prepare for those next steps?

Commercial Lending

Build or Buy? Financing Considerations for Commercial Property Investors

One of the main decisions in commercial investing is whether to buy an existing property or build new construction.

Business Banking, Commercial Lending, Small Business, Business Operations

2018 Tax Reforms: Pass-Through Corporation or C-Corp?

By: Jeffrey A. Zwettler

Do you know how the new tax law affects C-Corporations versus Pass-Through or S-Corporations? Learn the tax rate difference.

Business Banking, Commercial Lending, Business Operations

Rx for CapX – Part II

Capital Expenditures are important to most business operations. Investment often leads to a gain in operating efficiencies and increased profit margins.

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