Business Sense

Business Loan Tips

Tuesday, November 18, 2014

Applying for a business loan can be a challenge and being turned down a real disappointment. Even if you have a sound business proposition, not understanding what bankers look for when considering an application can cause problems. 

Do you have a relationship with the bank you are applying to? Can you clearly explain the value proposition of your business? What about contingencies to repay the loan should things not work to plan? 

Having your application turned down is often the result of not being properly prepared or being unable to present your business plan effectively. Read the following two articles for some in-depth advice to make sure your next loan application is successful!

Tips for Small Bank Loans

4 Ways to Get a Business Loan 

*By clicking the above links you will be leaving the Flagship Community Bank website. Flagship Community Bank does not endorse, monitor or review the site you are going to, nor are we responsible for its contents. You should note that the site’s privacy and security policies may be different to ours. We recommend that you review their policies.

What do You Look For When Shopping for a Bank?

Thursday, July 31, 2014

Your Bank is more than just a place to process checks and deposit money. Most business owners spend more time shopping for office equipment than they do shopping for a Bank.

Whether you are considering a new bank or wondering if your existing bank is right for you, ask the following questions: Does your local banker have lending authority? What about their understanding of your local economy and your unique business needs? Will the bank you are considering meet your needs in the future as your business grows and develops?

Before choosing a new bank, make an appointment with one of their bankers and see if you feel comfortable with them. Go over their products and services to make sure their fees and charges are clear. Transparency is the first step towards trust and a strong relationship.

Read More Here

* By clicking the above links you will be leaving the Flagship Community Bank website. Flagship Community Bank does not endorse, monitor or review the site you are going to, nor are we responsible for its contents. You should note that the site’s privacy and security policies may be different to ours. We recommend that you review their policies.

Security Tips for Remote Deposit

Tuesday, May 13, 2014

If you are a current business user of Remote Deposit Capture or are considering this convenient method for depositing checks without leaving your office, don’t forget security!

  • Is the location of your equipment secure?

  • Who has access and/or authorization to use the equipment?

  • Do you store original documents in a secure location?

  • How often are you shredding orginal documents?

  • What is the quality of your scanned images, can they be easily read?

  • Do you have a procedure in place to protect duplicate scanning?

For more information on the benefits and security of Remote Deposit Capture, feel free to give us a call: (727) 451-2020

Saving Time and Money With Remote Deposit

Wednesday, April 30, 2014
It’s smart business to find new ways to reduce operating costs and increase profitability. Companies that routinely receive payment for goods and services by check can now reduce the cost of transporting those checks to their bank and gain faster access to those funds by taking advantage of one of latest time saving business technologies: Remote Deposit Capture (RDC).

RDC is easy to use – you simply scan the checks using the equipment provided by your bank and the funds will be directly deposited into your account over a secure online connection. That means no more trips to the bank to deposit checks or standing in long teller lines, saving both time and money.

For more information about Remote Deposit Capture:

Remote Deposit Capture - A Primer

Online Security Tips

Wednesday, April 02, 2014
Whether you are an individual or a small business, there are security risks involved when completing transactions using your computer or mobile device. We all enjoy the convenience of shopping and carrying out financial transactions online, but recent industry reports state that every year millions of people around the world are victims of online crime. Small businesses are not immune. A relatively new kind of fraud is called “account takeover”. This gives the criminal access to business accounts, allowing them to transfer funds, make unauthorized transactions or even set up false employees for payroll payments. 

In 2012, financial transactions carried out on mobile devices doubled and are set to triple by 2014. Needless to say, millions of individuals and small businesses use mobile technology for many every day activities, exposing private information and financial data to high-tech thieves. 
The American Bankers Association has prepared three excellent checklists for individuals and businesses using the internet on computers and mobile devices.

Follow these links for more:


* By clicking the above links you will be leaving the Flagship Community Bank website. Flagship Community Bank does not endorse, monitor or review the site you are going to, nor are we responsible for its contents. You should note that the site’s privacy and security policies may be different to ours. We recommend that you review their policies.

Should You Act Now While Rates Are Still Low?

Tuesday, August 13, 2013
Demand for housing is strong and continues to grow. According to Fannie Mae’s June 2013 Housing Survey, the combination of positive attitudes towards personal finances, improved financial prospects and low interest rates are encouraging many prospective homeowners to buy now.

Although interest rates are still at near historic lows, increases are likely to continue as demand in the housing market heats up. With the economy continuing to improve, the Federal Reserve may begin cutting back on their bond-buying program some time this year, resulting in higher rates.

Now is a great time to consider refinancing or buying a property.

For a more detailed analysis Click Here.

Get Accounts Receivable Payment in 24 Hours

Wednesday, February 20, 2013

If you received payment for your customers’ invoices the very next day, do you think that might change the way you do business?

Speeding up your cash flow cycle could help you meet your payroll, remit payables on time, or let you take advantage of potential supplier discounts for early payment. You might even be able to bid on larger projects without the fear of an additional cash flow burden. How would you like to be able to track receivables with detailed reports, improve your liquid working capital, increase inventory, or perhaps offer your customers extended terms?

For over 20 years community banks, using BusinessManager, have been providing growing small businesses with the ability to get cash deposited directly into their bank accounts by selling their accounts receivable to the bank at a discount. All types of companies are participating in the program, including manufacturing companies, who often have to wait 60 days or more to get paid. Think about the competitive advantage you could have freed from the restrictions of a tight cash flow.

If that position feels good to you, click here to Read More > 

The SBA Business Loan Program

Monday, October 22, 2012

The Small Business Administration’s loan programs are designed to help small business that may not qualify for conventional financing through the private sector banking system. These loans are guaranteed by the SBA and therefore, more likely to be approved because of the reduced risk to the lender.

To qualify for an SBA loan, there are some basic guidelines:

• You must run a for-profit business.
• Your business must be located in the US.
• Your business must meet the SBA’s definition of a small business.
• Your business plan must demonstrate the need for an SBA loan.

Most private lenders (banks, credit unions, etc.) are familiar with SBA loan programs so interested applicants should contact their local lender for further information and assistance in the SBA loan application process.

Click Here

Are You Prepared?

Monday, July 09, 2012

Because it’s been almost 100 years since the last major hurricane, Florida officials are working harder than ever to convince individuals and businesses to be prepared.

It’s not just physical property that can be damaged by a big storm. Your finances can take a hit too. Have you considered what you would do if your local bank branches were inaccessible because of flooding or structural damage? Banks are required to be prepared to continue banking services in the event of a disaster.

You should take steps to prepare too. Preparations can include enrolling for direct deposit whenever possible and signing up for online banking to give you access to your account information anywhere, any time. Businesses that rely on getting to the bank to deposit checks can set up Remote Deposit Capture that will allow them to deposit checks from their own location electronically.

For more information on Hurricane preparedness Click Here

Risks of Online Payments

Thursday, May 31, 2012

Like individual consumers, small businesses are using credit and debit cards to pay bills online in greater numbers every year. While paying online is convenient, business owners should understand that it comes with some risk of liability that individual consumers are not exposed to.

For instance, consumers are somewhat protected by The Truth in Lending Act, but the FDIC points out that businesses are not covered by the regulations.

If your personal debit card is lost or stolen, a consumer has some protection from unauthorized transactions, but a business may not. 

To read more about the implications for your business when paying with plastic Click Here.



By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest bearing transaction accounts, visit

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