SBA 504: Buy or Refinance Your Fixed Assets Effectively
by American Chartered Bank You have probably heard of the Small Business Administration (SBA) but do you know what the SBA 504 program is? The program assists small businesses with the financing of major fixed asset acquisition, such as real estate,… Read more→
Understanding the Impact of the Cash Conversion Cycle
by American Chartered Bank Many family businesses concentrate solely on revenues and expenses to manage cash flow, but if their cash conversion cycles are not closely examined – cash flow can get tied up really easily. Here are some real… Read more→
“I’m Sorry, But You Just Don’t Meet Our Underwriting Standards”
“I’m Sorry, But You Just Don’t Meet Our Underwriting Standards” This phrase is: A banker’s favorite saying, or What an informed business should be able to say to a bank. The answer is B. Now more than ever, it is… Read more→
Understanding the Impact of the Cash Conversion Cycle
Optimizing the Cash Conversion Cycle (CCC) affects your companies bottom-line, your cash flow and influences the amount of external funds needed to run your business. While many concentrate solely on revenues and expenses to manage cash flow, it’s usually not… Read more→
Traditional Fixed Term Borrowing vs “Synthetic Fixed Rate” Term Borrowing
What is “Synthetic Fixed Rate Borrowing”?: A creative way of obtaining fixed rate borrowing at desired terms with lower overall fixed rate costs. Rather than borrowing with a traditional fixed rate term note, commercial borrowers can borrower on a VARIABLE… Read more→
Advantage Illinois – The State Small Business Credit Initiative
Just when you thought Illinois had no money, it turns out they found some and they are trying to give it away! As part of the Small Business Jobs Act of 2010, the “State Small Business Credit Initiative” was created,… Read more→
Is Your Business Strapped for Cash?
Cash is the life line of your business. Understanding your business’ cash cycle can help you prepare for periods of high growth and declining revenues. As a business owner, it is important to understand the impact of cash on a… Read more→