[OGDEN, 3/2/2018]—Financing a startup is never easy. Money will always be a factor in business, no matter how small the company is. Finding a bank that can cater to the needs of startups and novice entrepreneurs is, therefore, important.
In today’s unpredictable economy, startups need all the help they can get. Fortunately, TAB Bank has flexible financing options for startups — from loans to treasury management. The bank offers flexible financing options that deviate from traditional, constrictive loans.
Types of Financing
Through TAB Bank, startups can apply for financing using their assets as collateral. The bank weighs the business' assets, such as inventory, balance sheets, and even select equipment, to come up with the perfect financing package for its clients. Here are two:
• Accounts receivable (A/R) financing allows startups to use receivables such as unpaid loans or uncollected debts as collateral for loans. This option gives businesses access to fast, immediate cash.
• Certificates of Deposit (CD) allow a startup maximum savings through competitive rates and flexible terms. TAB Bank uses CDs to deposit funds in a time savings account, allowing a business’ funds to earn and grow.
Treasury Management
TAB Bank acknowledges that not all businesses are the same. Depending on their size, different businesses have different financial needs. TAB Bank offers treasury management services for businesses that are looking to get a handle on their books and balance sheets.
The company’s treasury management services help entrepreneurs put their payroll in order, give them access to a secure lock box and online banking, and assign them a dedicated relationship manager.
About TAB Bank
Established in 1998, TAB Bank specializes in financial assistance and business loans for startups and small to medium enterprises. They also offer personal and business banking.
Contact https://www.tabbank.com/ and apply for a small business loan today.