Stearns Bank N.A.
What is Working Capital?
Posted: May 11, 2022 | By: LendVer Staff – Working capital consistently ranks among the top financing needs for small business owners but what it is, or what it can be used for still remains a mystery to many. Under its most basic definition, it is cash-on-hand to fund the continued operation of your business. [...]
What is a Business Line of Credit?
Posted: May 11, 2022 | By: LendVer Staff – If you’ve found this article then chances are you’re a small business owner who may not be familiar with what a business line of credit (aka business credit line) is or how it works. In all likelihood, you know about loans and have probably even taken [...]
Why You Should Open a Business Bank Account
Posted: May 11, 2022 | By: LendVer Staff – Opening a business banking account may seem like a daunting task especially if you are a new or startup business, but it’s actually easier than you think. You may even believe that you don’t need to open a business bank account, but there are many reasons [...]
3 Tips to Saving Your Business Money During the Pandemic
Updated: May 6, 2022 | By: LendVer Staff – There is no doubt that taking care of your health and staying safe during the COVID-19 pandemic is the most important thing. However, an unfortunate side affect of the current crisis has been its negative effect on the businesses and finances of many. Millions of people [...]
Federal Reserve Increases Benchmark Rate 50 Basis Points
Posted: May 5, 2022 | By: LendVer Staff – The central bank announced the increase of its benchmark interest rate by 50 basis points after the meeting of its Federal Open Market Committee (FOMC) on Wednesday. This marks the largest rate increase since 2000, and follows an increase of 25 basis points in March of [...]