As a business owner, one of the biggest transactions you will ever embark on is buying your own commercial real estate. Since commercial real estate purchases are so complex, and because they are typically such high-value purchases, many banks look not only to the business for a financial guarantee, but they also look to the individual owners or executives as well. This is referred to as a personal guarantee, and here's what you need to know if your lender is asking for one.
Video banking allows you to connect with a bank teller, ask questions about your account or financial concerns, and even talk to a banking professional like the bank manager. Why should you consider giving video banking a try? Here are some good reasons it could be the way you bank in the future.
You Can Bank In-Branch Without Waiting In Line
A popular way to video bank is to head to your bank branch — one that has a video banking machine and do your transaction at the video banking machine.
People who have filed a workers' compensation claim often find that actually getting the money can take a long time due to appeals and other blocks from the employer. For someone who is injured and lacking income due to a work-related injury, this delay can be devastating. While some manage to get by due to savings or a spouse's income, others find themselves in a real bind. Pre-settlement funding is an option, but at first, it sounds like a loan that someone might not be able to pay depending on case outcome.
You might have dreams of opening up a small business of your own, but you might not have the cash on hand to open up your business. You could be hoping to use a small business loan to help, but you might be worried about not qualifying and getting approved. A few tips that can help you get a small business loan for the new business that you want to start have been listed below.
If you own a small business, you need to make sure that you're making smart choices at all times. How you handle your business finances is important. Many new business owners attempt to keep using their personal bank account when they first start out. While that may feel easiest, it can create a lot of problems down the road. It's best to utilize commercial banking services so that your business finances are properly in order.