Include emergency funds in your business plan– Your business plan should indicate your organizational structure, operational benchmarks and objective for an emergency fund. Keep the emergency fund separate– Don’t put the money in your normal business account so you don’t risk spending it. Make...
No doubt you’ve heard the saying, “save some money for a rainy day.” Well, it turns out that it’s not only good personal advice, it’s also solid and trusted small business advice. In the business context, such savings are typically called “business emergency funds”, “cap...
Savings accounts are great for setting aside cash for big purchases, like buying a house, or for emergency funds. You can set up scheduled transfers from your Huntington checking account to your savings account, which can help you reach your savings goals even faster. Learn More Step 2: Plan...
And the savings are undeniable: With a card like the Aspire Platinum Mastercard®, which has a 2% balance transfer fee and no interest for six billing cycles (after 8.15% to 18.00% variable APR), you could pay off a $3,000 balance in roughly six months with payments of $500 per mont...
Investment-grade bonds or bond funds: For those seeking slightly higher returns, investment-grade bonds or bond funds are options that provide regular interest payments while maintaining liquidity. These bonds are relatively safe and can be sold in the market when needed, though they may carry some...
In such periods, a money market fund has the opportunity to reprice higher. The reason for this is that money market funds majorly invest in short-term securities which upon maturity allow for reinvesting at higher rates consequently boosting investors' returns while at the...
Prepare a good business plan and pitch. This goes back to your need for the loan. Depending on how much you are asking for, lenders will expect a detailed and insightful business plan that explains why you need the funds and what they will do for your business once you have them. Busin...
Rather than relying on your emergency savings, use sinking funds to work them into your monthly budget. Save a little each month and by the time the expense rolls around, you have the money set aside to cover it.How to Start an Emergency Fund...
Fed Lent $300B in Emergency Funds to Banks in the Past Week More Benjamin Fanjoy Security guards let individuals enter the Silicon Valley Bank's headquarters in Santa Clara, Calif., on Monday, March 13, 2023. The federal government intervened Sunday to secure funds for depositors ...
In the face of unexpected challenges, having access to a dependable credit facility can make all the difference for your business’s survival and growth. Razorpay Line of Credit offers a powerful solution that empowers businesses with immediate access to funds, flexible credit limits, and competitiv...