Identity Thieves are Great Impersonators. Don’t Get Fooled!

From sending emails that appear to be from companies you know and trust, requesting donations in light of the recent natural disasters (fires, hurricanes, and earthquakes), utilizing fear from the recent Equifax data breach to obtain personally identifiable information (i.e. credit card data, account information, etc.), to adding card-reading devices to ATMs, fraudsters rely on creative ways to obtain your confidential information. Continue reading

Technology and Information Security: What You Think You Know Can Hurt You

When it comes to Internet security, what you think you know can hurt you. A lot of what passes for common sense about this subject is just plain wrong—and often risky. These days we tend to believe that technology can inherently protect us, but that’s not always true. Check out these common misconceptions and see if any apply to you.

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Avoid These Financing Mistakes That Kill Business Valuations

Having a well-financed business that doesn’t rely on bad sources of debt goes a long way to making a company attractive to buyers and ensuring that it fetches an attractive valuation. But, the choices that produce a good balance sheet don’t happen overnight; it takes years of preparation to ensure the best possible sale years later. Continue reading

Real Estate Strategies for Small Business Owners as Rates Rise

For even small real estate purchases, you need a financing strategy. In a rising interest rate environment, the cost of capital is edging higher for all small businesses, but especially those who need to purchase property. As a result, U.S. entrepreneurs are returning to banks in large numbers seeking to finance real estate projects.  Continue reading

Searching for your First Apartment

Finding your first apartment can be one of the most exciting times in your life while also being one of the most overwhelming. Renting your first apartment is not only emotionally demanding, but financially challenging as well. Between finding an appropriate rental price, searching for the right neighborhood, and understanding your daily lifestyle habits, searching for your first apartment can be a chaotic process. Check out these tips to try and relieve the anticipated stress of finding your first place. Continue reading

How Small Businesses Can Control Costs in the Early Stages

Owning a small business is an all-out battle to find the right balance between generating revenue and limiting costs. That’s especially true in a business’s first year, when finding a sustainable customer base requires investment.

We asked Rita Cheng, a financial advisor who works with small businesses, about ways entrepreneurs can keep costs down in the early months. She is a member of NerdWallet’s Ask an Advisor network. Continue reading

You Want to Start a Business – How Should You Finance It?

Getting a small business off the ground is a huge achievement, but establishing financing on a solid footing is critical to whether an enterprise ultimately succeeds or fails.

As a banking officer dealing with financing requests every day, the most common question I hear from founders of startups is, “Should I finance with equity or debt?” I’m here to tell you, there are no pat answers. And even worse, it can be a life and death decision: More than 500,000 businesses are established in America annually but half of them fail within five years. The No. 1 reason for failure is a bad strategy backed by surplus optimism, but the next biggest cause of failure is a lack of funding.

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