During these periods of uncertainty, it is especially important to strengthen the relationship with your community banker who can provide meaningful advice to inform decisions affected by interest rate volatility. For example, the inversion of the yield curve creates a dynamic where short-term rates are higher than long-term rates presenting an opportunity for selecting the optimal loan term. The following link provides additional ideas and considerations to discuss with your community bank adviser who is eager to help with those important decisions affecting your business.

Last year, reports of check fraud filed by banks nearly doubled to 680,000, from 350,000 in 2021, according to FinCEN. The FinCen network said it issued the alert last month in collaboration with the U.S. Postal Inspection Service, the law enforcement arm of the post office. USPIS said it received more than 299,000 complaints of mail theft from March 2020 through February 2021, a 161 percent increase from a year earlier.

Is your business facing recruiting and retention challenges? Has inflation and price increases in 2023 had an impact on your budget, topline revenue and margins? Is managing your business’s cash flow keeping you up at night? When we meet with our business clients they answer: Yes, Yes, and Yes!  However, there is no more resilient part of the U.S. economy […]

Capital expenditure (CapEx) planning is an important component of both short and long-term business budgets.  Those considerations impact a business’s long-term direction, focus, and strategic objectives.  The budgeting process for CapEx considerations can be complicated; what equipment should be purchased, how much, and when?

This time of year always seem to brim with new opportunity and hope!  Consider your resolutions as goal setting! What are your business resolutions to help start 2023 off in the right direction?  Are they actionable?  Can they be implemented for success?  Maybe you thought about: Improving Your Creative Problem Solving After the last few years, businesses were driven to […]