Archive - July 2021
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Benefits and Drawbacks of Crowdfunding for Startup Businesses
Posted On: July 20, 2021 by Falcon National Bank in: Invest your Money | Investment Banking, Manage your Business | Business Banking
A growing trend in raising funds for a business is something called crowdfunding. You may have heard about this idea before: asking friends, family, and even strangers to invest in a business idea or help raise funds for improvements, expansions, or other business expenses. On paper, it seems easy. A business can start by signing up with a crowdfunding platform, list some information about the business, and simply watch the money roll in! Of course, there is much more to it than that. Even though...
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Understanding and Managing Unexpected Business Expenses
Posted On: July 1, 2021 by Falcon National Bank in: Manage your Business | Business Banking
After a year like 2020, unexpected business expenses have taken on a whole new meaning. Especially when operating a small business or a startup, unexpected expenses seem to be a cost of doing business. The best course of action against these surprise costs is to be prepared and plan ahead. Four Unexpected Costs to Businesses Small businesses must account for many costs, especially as they are just starting out. These can include anything from permits and equipment maintenance to payment delay...
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