Lots of advantages come with having a credit card for business: it’s a low hassle way to make small purchases, it’s easy to manage with predictable payments, and it helps separate business transactions from personal ones. But does it truly matter if someone has a business credit card, versus using personal credit cards they may…
It’s time to invest in your business assets, be it a better location, new talent or updated machinery… and you’ve toyed with the idea of a business loan. You’ve probably explored a million and one funding options, knowing funds from family, friends and credit cards isn’t an effective solution. But still, you hesitate taking on…
by Jerry Ernst (As seen in June’s issue of InBusiness magazine.) It’s a common situation. You needed a loan to grow your business and, since banks need a substantial amount of paperwork you didn’t have time to produce, you went with an online loan. The loan application only took about twenty minutes, with minimal fuss and…
New phone systems, specialized machinery, software with a hefty price tag, bulldozers or fleet vans… sooner or later, many businesses need to invest in some form of equipment. It’s a natural progression as a business grows and ages. For many, the knee-jerk reaction is to use an “already available” line of credit or operating capital…
Lenders are skilled at matching the right size of home mortgage or auto loan to monthly payments that a borrower can comfortably afford, but what about lending in a business environment? It’s not always quite so obvious or simple. Size + Structure Banks lend money. It’s what they do. The dollar amount you qualify…
Credit scores are simple to understand because they’re fairly cut and dry. Where your score falls within a pre-defined range triggers approval or denial on your loan, and sometimes the interest rate you receive. It can be used on its own, but is typically combined with other indicators of creditworthiness, such as debt-to-income ratio, recent…
When starting up a brand new business, it can be easy to fall into the habit of mingling funds – using your personal checking account to handle both household and business expenses. Perhaps you’re careful to differentiate business from personal expenses and deposits when you enter line items on your checkbook register, but everything is…
It can take dozens, even hundreds of hours to put together a well-done business plan. Should you invest the time? The purpose might start with funding, but there are other impressive benefits, too. It can define those with a great idea from those deeply serious and committed to making their business work. 1. It’s easier to…
Same Rocket-Fast Online Processing + Local Service In today’s mortgage quick loan world, doing things like we did just last year is already a thing of the past. Thanks to cutting edge technology with zero paperwork, rocket-fast home loan approvals, and custom loan packages based on today’s best mortgage rates, Horizon Community Bank holds its…
Sitting on a stash of cash? Putting it into a certificate of deposit (CD) can be a great way to keep your funds safe, while earning a tidy interest rate. Horizon is currently offering one of the best interest rates in the nation on CDs! In exchange for an interest rate higher than money market…
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