Loans & Financing

4 Things You Should Know About Your Equipment Term Loan

August 9, 2017

Equipment purchases are a vital part of starting (and running) a small business in Maryland. Equipment updates and modernizing old equipment can make your business more productive, efficient and even save you money in the long run. However, purchasing equipment is not an insignificant investment. While there are many ways to finance business costs, many […]

What is a Standby Letter of Credit and How Are They Used?

June 29, 2016

Financing for your small business isn’t always easy to come by—but it’s important to look down every avenue of opportunity; you might not be aware of one of the most powerful financing tools out there. Standby letters of credit can help your business in tough contractual and financial situations, making people more likely to sign […]

EMV Chip Cards: What Retailers and Consumers Need to Know Now

November 10, 2015

The Payment Networks’ Liability Shift (PNLS) associated with EuroPay, Mastercard® and Visa (EMV) credit and debit cards – already adopted by Europe, Canada, Latin America and the Asian/Pacific region – took effect in the United States on October 1, 2015. As a result, global payment card and point of sale (POS) technology requirements are changing […]

5 Benefits to Building a Relationship with your Maryland Loan Officer

January 30, 2015

Small business owners interested in securing a commercial loan can expect to receive advice from numerous professionals. Of nearly all advice received, however, none is as undervalued and underemphasized as the need to build a relationship with your loan officer. While it may seem insignificant, it can drastically impact the direction and speed at which […]

How to Get a Maryland Business Line of Credit to Finance Growth

August 27, 2014

Managing a small business growth spurt is a challenging experience for business owners. Oftentimes an initial cash outlay is needed to take advantage of growth opportunities—whether it’s increasing manufacturing, hiring more employees, or investing in new ideas and new products. While company growth is a good thing, the popular aphorism “it takes money to make […]

5 Ways to Increase Your Line of Credit in Maryland

August 12, 2014

For many Maryland small businesses, securing a business line of credit is a considerable milestone.  As a business matures, however, it may become clear that the initial business credit line isn’t able to keep up with the growing need for financing. Here are a few ways Maryland small business’s can increase their line of credit. […]

3 Things You Should Know About Real Estate Lending in Maryland

June 4, 2014

With the U.S. economy on the road to recovery and banks feeling more comfortable with lending, commercial real estate lending is expected to pick up significantly over the coming year nationwide as well as here in Maryland. If you’re in the market for commercial real estate or want to increase your company’s assets, purchasing your […]

3 Factors Affecting Small Business Financing in Maryland

May 28, 2014

Most small business owners know that at some point they will likely need some form of small business financing to grow and expand their business in Maryland or anywhere. Many of these entrepreneurs, however, don’t have a great understanding of the different factors that banks take into account to determine the terms of small business […]

6 Advantages of Opening a Commercial Line of Credit

September 2, 2013

Whether starting a business or growing an existing one, all business owners know that working capital is essential to smooth and successful operations. Choosing the right source of that working capital, however, can be tricky. Many business owners are not sure whether they should open a commercial line of credit, use a commercial credit card, […]

5 Tips on How to Build Business Credit

August 2, 2013

Trying to build business credit can feel like a Catch-22 to small business owners – you need a strong credit history to get a loan, but it’s hard to develop that credit history if you can’t get a loan in the first place. Yet, a strong credit history can lower your interest rates and open […]