And typically you will be required to personally guarantee the lease. Financial Products and Services Running your business is what you do best and enjoy most. Why not consider shifting some of the financial fuss to others. Banks and other financial institutions are prepared to help. In addition to offering business checking and savings accounts, many offer services you may not have known existed.
Businesses move through cycles of producing and selling goods and services.
Cash management reacts to these fluctuations to help you to earn as much interest as possible on cash not currently needed for operations. Collection services speed the conversion of accounts receivable into cash and consolidate funds from operating accounts into a master account. It also allows you to update receivables electronically. Disbursement services increase the speed and efficiency of your cash flow by using electronic services. The bank can automatically debit or credit accounts and instantly remit payments electronically.