When the time comes to meet with a bank to consider whether or not you are eligible for a loan, there are five key factors that the bank will take into account in the process. These key factors are known as the 5 Cs of Credit and include Capital, Condition, Capacity, Collateral, and Character. Each… Read more »
Category: Business
Protecting Your Business in Cyberspace

Cybersecurity is constantly threatened. With our growing dependence on technology, you have to ask the question: Is my business taking the proper security measures to keep information safe for my customers and myself? As society operates in this digital age, technology has helped commerce become easier, automated, and organized. Online accounting systems, cloud-based data storage,… Read more »
Looking for Working Capital? We Can Help.
You need money to run your business. At times, you might find yourself a little short on reserves. As you know, things come up. A new employee is hired. A piece of equipment is added. Rent and warehousing bills are due. Business owners sometimes need a temporary boost to sustain these operations. A financially stable… Read more »
Austin Is A Top Spot For Entrepreneurs; Boasts “Epic” Landscape For Startups And Tech Savvy
People are drawn to Austin in a mystical way, pulling up roots in far-flung places, and settling there – secure in their choice. A star of the Lone Star State, Austin attracts the business elite and startup ventures, artists, and the tech-focused. It is a magnet for the visionary and laid-back lovers of the outdoors…. Read more »
Define Your Financial Goals for 2017
The greatest basketball player of all time once said, “You have to set your goals before you can achieve them.” Even with his incredible talent, Michael Jordan recognized the importance of setting clear goals. Most businesses want to increase profitability, help their employees become more productive, or additionally, take a greater share of the market…. Read more »
Detroit: The Good News City for Businesses Big and Small
Detroit has been experiencing a building boom. In the last few years, more than a hundred new restaurants have opened in the city, including Gold Cash Gold, opened by passionate locals, and Roast, a creation of famed chef Michael Symon, an Iron Chef on Food Network. The resurgence in the city’s restaurant business can… Read more »
Four Steps to Take If Your Business Is Audited
For many small businesses, once the business tax return is filed, and taxes are paid, they wonder, ‘What if we’re audited?’ It’s not likely. According to the IRS, only 57,000 businesses were audited in fiscal-year 2014 – the fewest since 2006. This represents 0.57% of U.S. businesses. So, what if your company is one of… Read more »
Four Tips to Successful Business Growth
You may think that rapid growth for your business is a good thing, but growing too fast sometimes causes unexpected challenges. There are many successful businesses that grew too fast, and experienced significant problems, and even failure. Of course, growth is the goal of a business; managing it well should be part of the plan. Here… Read more »
Sound Financial Systems: Help Small Businesses Succeed
Control and confidence vs. chaos and stress. This is the teeter totter of owning and managing a small business. Entrepreneurs gain a mastery of their small businesses when they make financial management systems a priority. There is strength in knowing the numbers, and where a business stands day-to-day. This information positions owners for big-picture planning,… Read more »
The Value of Going Green for Manufacturing Companies
You may be green in the face from all the talk about “going green.” This trend over the last decade refers to the attention and effort to reduce waste in all areas of our lives, adopt more sustainable processes, and use materials that have minimal impact on the environment. There are many steps businesses can… Read more »