Tag: line of credit
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Choosing Between Business Credit Cards and Business Lines of Credit
Posted On: June 8, 2021 by Falcon National Bank in: Manage your Business | Business Banking
Have you ever heard or repeated the phrase, “You have to spend money to make money”? If so, you might be the owner of a small business. Access to a business line of credit allows small businesses to execute daily functions, cover daily expenses, purchase inventory, hire staff, and much more. Business owners know that keeping a company’s ship afloat means understanding cash flow and profits–it’s not all about how much you have in the bank at one time. Fortunately,...
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Why your Business (big or small) should have its own Business Line of Credit
Posted On: January 7, 2020 by Falcon National Bank in: Manage your Business | Business Banking
Starting your own business is a huge personal feat. It’s not until months or maybe years later when you realize how wrapped up your business and personal finances have become. Not only is it important to have separate business and personal bank accounts, but it’s also important to have a line of credit devoted specifically to business expenses. Most individuals assume they should open a business credit card, when in reality, a business line of credit is a better option for them. Establishing...
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