We know that when you’re a small business owner, you wear many hats for your business and have many tasks on your plate. However, making sure you have solid business banking systems in place is an extremely important piece in managing your business. That’s why we’ve put together some important small business banking best practices to help you...
No business has the same cash management needs. However, with a financial partner like Mechanics Cooperative Bank by your side, you’ll receive the help you need to determine the best combination of Cash Management services required to unlock your business’s full potential. The right services will help you maximize cash flow, save money, and reduce...
Many businesses reach a point where they need additional financing to take them to the next level. A business loan can be one of the most reliable sources of funding for a small or medium business that needs capital. However, navigating the business loan application process can be confusing, especially for first-time applicants. If you’re...
Creating and launching a new business is an exciting experience, but it can also be tricky to navigate with so many unknowns in the early stages. Success ultimately comes down to cash flow, so you are on the right track if you are making more than you are spending. However, if you are burning more cash than you make early on, this is common but...
The right amount of cash flow can help small businesses thrive! This allows these businesses to make payroll, pay suppliers, and keep their everyday operations going. To maintain a positive cash flow, businesses can always turn to commercial bank lending to fill in any gaps in their finances, but banks don’t provide loans to just any business. Tap...
