Autobooks: Simplifying Your Business or Non-Profit’s Finances

Small businesses and non-profits are always looking for easier and more economical ways to manage their money, and one exciting new tool to explore is Autobooks

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Your Business, Your Terms. Explore Commercial Loans Tailored To Your Vision.

Whether laying the foundation of a new venture or scaling up an existing one, obtaining the right financing is crucial. At Crews Bank & Trust, we strive to meet the needs of our communities and since 1929 we’ve been doing just that. 

In this blog, we’ll break down the basics of different commercial loans to provide the knowledge you need before making your next business decision.

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Did You Know that Even Businesses Need an Estate Plan?

Owning a business is a significant achievement but with it comes the responsibility of planning for its future. Whether you intend to keep the business within your family, sell it, or ensure its smooth operation after you pass away, adequate planning is crucial. Careful estate planning can protect your business from unexpected tax liabilities and ensure its continuity according to your wishes.

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Thinking About a Small Business Loan? Use the '7 Cs' to Prepare

As a small business owner, you wear all the hats – sales, marketing, accounting, human resources – and you arebusy.

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Real Estate is Booming on I-4 Corridor. Here's Why.

The I-4 corridor in central Florida has become increasingly popular in recent years. This area, which stretches from Daytona Beach to Tampa, is home to a diverse range of businesses and industries, making it an attractive location for investors and entrepreneurs.

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How to Use Credit Cards Responsibly: 5 Things to Do

Using a personal credit card can seem complicated, especially if you’re working to build credit. It’s a balance between spending enough to build your credit history, but not overspending and going into debt. Challenging? Sure, but definitely not impossible. Here are our five tips for using your credit card responsibly. 

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5 Things to Know About Balloon Payments for Commercial Loans

A balloon payment is a lump sum payment that is significantly larger than the monthly payments and paid at the end of a loan’s term. Unlike loans that have a series of fixed payments to pay off the balance of the loan, a loan that includes a balloon payment is made up of lower fixed payments and a final larger payment. 

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8 Qualifications to Meet SBA 7(a) Loan Requirements

The U.S. Small Business Administration (SBA) helps small businesses lock in funding by setting guidelines for loans and reducing lender risk. SBA loan programs provide financial support to small businesses by helping build capital, recover from disasters, purchase real estate, and more.

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How to Afford the Down Payment for a Commercial Loan

A commercial loan is a type of loan that is available for businesses to fund growth, equipment, property, and more. Depending on the type of loan, how much money you need, and your credit history, the down payment for commercial loans varies. 

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5 Financial Planning Strategies Business Owners Can Use to Control Expenses

Before you can begin to control expenses en route to lowering them, you must know where your money is going. Numerous financial management programs are available to help you keep track of your expenses, but they won’t help unless you or your business manager enters the proper information.

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Avoid Corporate Account Takeover

Cybercriminals are targeting small businesses with increasingly sophisticated attacks. “Corporate account takeover” is a form of identity theft of a business. Criminals phony emails pretending to be someone you know to trick you into clicking on links or attachments that can lead to malicious software being installed on your computer. Once this happens, they will ask you to enter credentials where they will gain access to your email account. At that point, they will send emails to the bank appearing to be from you to initiate ACH and wire transactions.

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What Are the Different Types of Commercial Real Estate Loans?

Whether you’re a business or a broker working in conjunction with a business, finding the right commercial real estate loan is almost always required if the business plans to expand or renovate. Commercial real estate loans function similarly to real estate loans, in that the loan requires a down payment and is typically paid off over a period of time, and interest rates can vary depending on the type of loan.

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Business Owners Need Ransomware Protection

Ransomware is a type of malicious software that locks up your files so that you no longer can access them and demands you pay a ransom to unlock the files. Paying in Bitcoin or cyber currency gives the cybercriminal anonymity and cannot be traced.

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Economic Recovery Is Underway

With the completion of the fourth quarter of 2020 corporate earnings releases, investors are monitoring daily COVID headlines, rising interest rates, and the potential for a new stimulus program. Corporate earnings were mostly better than expected and guidance for the year ahead was surprisingly strong.

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Initial Market in President Biden's First Days

The S&P 500 Index was down 1% in January based on investors’ revised expectations of corporate revenue growth and earnings. First, the COVID-19 vaccine distribution and inoculation process is proceeding slowly while the virus is mutating. The new strains appear to be slightly more virulent and the vaccination timeline will take longer and delay economic normalization.

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