A business bank account doesn’t have to cost you anything. You can find online accounts for your business that have $0 minimum deposits, $0 monthly fees, and $0 minimum balance requirements.
Square POS and Square for Restaurants are great options to use in bars or nightclubs. They have hardware for mobile payments and each have a free plan with a strong feature set
Business property insurance usually covers some but not all natural disasters. Certain types of natural disasters are almost always excluded from standard policies, including hurricanes, floods, earthquakes, and volcanic eruptions. If you live in an area that’s vulnerable to those types of disasters, speak with your insurance provider to learn your options.
Maybe your business has been generating a solid amount of income, and you’ve been storing that cash in a traditional business savings account. You want to make more passive income on your savings, but you don’t want to risk your funds evaporating in a volatile marketplace. A high-yield savings account is the middle ground for business owners in this scenario.
Credit card trends tend to be closely tied to economic trends more generally. For business owners considering applying for a business credit card to finance business activity, being aware of trends in the credit card industry — and being aware of what macroeconomic conditions may mean for your search for a business credit card — is vitally important.
The most important kind of insurance for most small businesses is general liability insurance. Commercial property insurance is also important. You may be able to combine these two types of coverage into one policy, known as a business owner’s policy or BOP that lets you obtain coverage at a discount.
SBA loans take longer to fund than other business loan types. SBA loan approval time varies depending on your lender and SBA loan type, but generally, the total time between application and funding is between two and three months.
The most popular employee payment methods are direct deposit and paper check payments. However, other employee payment methods, including cash, cryptocurrency, and pay card payments are also used across the US.
Online banking works similarly to traditional banking; there’s just no physical location for you to visit and sometimes fewer products (loans, different accounts, etc.) to choose from.
Most commercial renters insurance will cover damages to your business inventory, computers and electronic equipments, furnishings, and damages to the building caused by your business operations. Personal property is generally not covered. Damage from natural disasters or from faulty utilities may not be covered.
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