Top 5 ICB Business Blog Articles of 2019

The year-end typically brings a lot of countdowns…top songs of the year, top news stories of the year, top movies of the year, and of course, the countdown to midnight on New Years Eve. We’ve put together a countdown of our own - a recap of our top five most popular business blog posts of 2019:

5. The Basics of a Business Line of Credit (LOC)

A recent report on The State of Small Business Cash Flow states approximately 69% of small business owners have been kept up at night due to cash flow concerns. Any small business owner will agree that efficient cash flow management can be a challenging task, especially when businesses are seasonal, or follow a cyclical sales cycle. Fortunately, business lines of credit may be a dependable financial tool to help alleviate the pressure. Find out if your company may benefit from a business LOC by learning about this unique short-term financing option from Business Banker Sandy Retzki.  

Read the blog here

4. Managing Small Business Working Capital: Guidelines & Solutions

All small business owners, regardless of industry and employee count, need to understand their company’s working capital cycle, or the amount of time it takes from producing a product or service to receiving payment for that product and service. The longer the cycle, the longer a business is tying up capital without receiving cash to further invest or pay obligations.

Fully understanding all components of your cycle is a matter of business viability, as it allows you to better manage your cash flow. It’s also an excellent indicator of your company’s efficiency and short-term financial health – positive cash flow is a sign that a business is well-positioned for expansion, growth, or acquisition.

This blog, by Business Banker Sandy Retzki, offers advice for calculating, managing, and bolstering working capital to help position your company for profitable growth.

Read the blog here.

3. The Benefits of Digital Banking

As a business manager, you know business doesn’t stop when you’re out of the office, and sometimes important financial transactions just can’t wait until you get back. Or, you get so busy with day-to-day operations of your business that it’s hard to find time to get to the bank during regular business hours.

Thankfully, the 21st century has given us the technology that allows us to bring the bank to you. Learn about the newest banking tools from Matt Lemke, VP of Banking Services.

Read the blog here.

2. Borrowing Base Certificates: How They're Calculated and What to Look For

One of the many challenges entrepreneurs face is keeping their capital levels sufficient enough to fund their growth. Other than cash on hand, many businesses rely on having a business line of credit (LOC). Young, rapidly growing businesses, including manufacturers and distributors that have a lot of seasonality in their sales, may benefit from having an LOC tied to a borrowing base.

A borrowing base is the amount of money a lender will loan to a company based on the value of the collateral. Lines of credit that rely on a borrowing base are typically made on a percentage of accounts receivable and inventory. It is repaid by customer collections, and new advances are made against receivables and inventory as these are created. Because loans are tied to fluctuating collateral, the amount available for borrowing will increase under increasing sales. This blog, written by business banker Tom Pennings, explains how.

Read the blog here.

1. 6 Important Considerations When Choosing a New Building Site

Location, location, location. Those are the three most important words when it comes to real estate, right? Well…yes, and no. When you’re looking to expand your business, of course location is very important, but there are other factors to also consider to ensure a successful building project.

Whether you’ve outgrown your current space and need to expand, or you’re looking to start from scratch with a new, state-of-the-art facility, choosing a location is not always a simple task. Learn about the many other components to factor into the decision from Architect Ian Wilson. 

If you missed our most popular blog of the year, you can read it here.

As we wrap up 2019, we’d like to thank all of our subscribers for following the ICB Business Blog. If you like the content we share, please consider recommending our blog to a friend or share on your social media pages. If you have a topic suggestion for an upcoming blog, please email us at Wishing you and your business a successful New Year!

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Topics: Financing, Business Growth, Cash Management, Business Acquisition, General Business, Government Loan Programs/Financing Options



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Views provided in this blog are general in nature for your consideration and are not legal, tax, or investment advice. Investors Community Bank (ICB) makes no warranties as to accuracy or completeness of information, including but not limited to information provided by third parties, does not endorse any non-ICB companies, products, or services described here, and takes no liability for your use of this information. Information and suggestions regarding business risk management and safeguards do not necessarily represent ICB’s business practices or experience. Please contact your own legal, tax, or financial advisors regarding your specific business needs before taking any action based upon this information.