Last updated 6 months ago
The terms of a business loan can differ significantly from that of a personal loan. Even if you are familiar with the personal loan process, business financing may be new to you.
This video discusses the differences between business and personal loans. No two business loans are alike, so it may take some research to ensure you get the loan that is right for your business. Additionally, when applying for a business loan you must provide information about your business and personal finances to prove that you can repay your loan satisfactorily.
If you’re looking to secure a business loan to grow your business, contact Amercan River Bank of Sacramento by calling (916) 851-0123. Our financial advisors are here to assist you with financing your business to achieve success. Check us out on the web for more information about our banking services.
Last updated 7 months ago
No matter what size your company, cyber crime can have a detrimental effect on your business. Compromised information systems and identity theft can prohibit you from turning a profit or carrying on as usual. Choosing a secure bank for your small business finance needs can help safeguard your information and key business data. Here are some ways to secure your company against cybercrime:
Shield Sensitive Data If your company keeps customer records or other ledgers, ensure that the files are stored on encrypted hard drives that are frequently backed up to other secure sources. In the event that your place of business is broken into, the encryption will provide a layer of protection for your most sensitive information. It is also a best practice to password-protect individual files and limit the number of employees that may know the passwords at a given time.
Update, Update, Update The most secure systems are those that are frequently updated with the latest software patches, antivirus updates, and operating system fixes. Hackers often exploit holes within data systems, and software companies aim to patch said hole as soon as possible in order to protect their customers. As a result, patches are essential for helping prevent data breaches.
Train Employees to Protect Your Company Aside from identity theft and random incidents of hacking, your employees are your business’ line of defense. Not only do they regularly monitor files and data, but they may be the first to notice that something is wrong. By providing information assurance and security training to everyone that works with computer systems, you can increase awareness of threats and ward off data spills.
Businesses in the Greater Sacramento area, Sonoma County, Amador County, South Bay, North Bay, and East Bay in need of a trusted and secure bank should look no further than American River Bank. Our team knows cyber security inside and out, and can help keep your identity and banking data safe and sound. Call (916) 851-0123 today to see how a member of our staff can protect your business’ most important assets.
Last updated 7 months ago
If you own or manage a business, you know that finding the right office space is essential. However, you may have trouble deciding between buying and renting a building for your business. With SBA 504 loans and conventional financing available, purchasing a building may be an option for your business! Take a look at this infographic from American River Bank, your source for business banking services and real estate loans in Northern California, to find out more about purchasing a building for your business. Please feel free to pass this infographic along to your associates and friends!
Last updated 7 months ago
This video explains the financial concept of covenants as they relate to the small business loan process. Covenants are often synonymous with milestones; they are effective ways to measure a company’s process toward small and large goals as is grows and expands.
In the lending context, a bank will often example a company’s covenants to measure the financial health of the organization. The business’ progress toward their goals often signals information about the company’s profitability. Covenants may also enable loan officers to pinpoint problems and suggest solutions in order to help the company stay current and repay the loan on time. Click play to learn more about this important financial concept.
Are you a small business owner in Greater Sacramento, Sonoma County, Amador County, South Bay, North Bay, or East Bay area? If so, contact a small business loan expert at American River Bank. Or call us by dialing (916) 851-0123.
Last updated 8 months ago
To ensure you’re paying the right amount in taxes, it’s important to have a firm understanding of business income. Business income is any income related to your business. It doesn’t just include cash, checks, and money transfers; but also interest dividends, and any bartering for property or services.
When it comes to the income your business generates, keeping detailed records is key. By working with a qualified business accountant or bookkeeper, you can ensure that you’re not paying too much or too little in taxes. Watch this video for more business income tracking tips.
At American River Bank, we make it easier for businesses in the Sacramento, Amador, Santa Rosa, and Bay Area to manage their income and expenses through a full suite of business banking solutions. To connect with an expert consultant about your business needs, contact us or call (916) 851-0123 today.
Please note that neither this financial institution nor any of its affiliates give tax advice. Consult your tax advisor for information specific to your situation.