Banks in Austin 78704
Sherri Grocke
A Business Bank Account Protects Owners from Legal Issues
Setting up a business as an LLC or a corporation affords the owners of such entities legal protection from lawsuits against their business. If the business is sued, the owner’s personal accounts are safe from being included in the company’s assets. Mingling finances in one personal bank account can put the owner at risk to lose much more in a lawsuit.
Business Credit Cards Have Many Perks
Many times, business credit card accounts come with several bonus features to help get a new business owner started. They usually come with discounts for business expenses such as travel, lower interest rates, and cash back on items you buy every day for your business needs. In addition, business credit card accounts can also offer higher credit limits that may not be a personal account option.
Guaranty Bank & Trust Can Help
Here at Guaranty, we have over 100 years’ experience to help you find the right solutions for your business. Our goal is to help you meet your goals. We offer many services to help you get your business up and running smoothly, such as merchant services to help you accept credit and debit card payments, loan and lines of credit, and credit card options that fit your business needs.
A Small Business Administration loan, also known as a 7(a) loan, is one of the best ways to finance a small business venture. Since these loans are guaranteed by the Small Business Administration, a federal agency, it allows banks like Guaranty Bank & Trust to offer loans with flexible terms and competitive interest rates. Receiving an SBA loan from Guaranty Bank & Trust can help to grow a small business without putting the owner in crippling debt.
The Benefits of a Small Business Administration Loan with Guaranty:
With lower down payments and longer terms, a Small Business Administration (SBA) loan, guaranteed in part by the U.S. government, may be the right solution for you. We offer personalized expertise and professional guidance so you can take full advantage of SBA loan benefits. Some other benefits include lower equity requirements, lower debt service coverage requirements and less restrictive collateral requirements.
