Businesses that are experiencing a period of reduced income can benefit from short-term financing using a Business Revolving Line of Credit (RLOC). Business Revolving Line of Credit A Business RLOC works similar to a loan, but offers more flexibility for the borrower. When getting approved for a RLOC, a business has a limit to howRead more
The traditional method of receiving paper statements from your bank has an easier, safer, and more environmentally friendly alternative. Most banks offer the option to obtain your statements electronically, sent direct to your email or made accessible online. Switching to eStatements is often simple and has many positive impacts for you and the environment. EnvironmentallyRead more
The CARES Act Paycheck Protection Program Loans can help provide small businesses with assistance to continue payroll during the COVID-19 emergency. The Coronavirus Aid, Relief, and Economic Security (CARES) Act has recently been passed by Congress to help small businesses that have been negatively affected by the recent COVID-19 pandemic. One option available is PaycheckRead more
Alternative Ways to Bank If you’re practicing social distancing and are unable to visit your bank’s local branch, there might be alternative ways for you to access your accounts. Many banks offer mobile and online banking where customers can access their funds anytime, anyplace. Often all you will need is a smart phone, or aRead more
Beware: Coronavirus Scams are on the Rise The recent news and events surrounding the Coronavirus have offered many challenges to our daily lives, one of which is the potential for scammers to take advantage of people’s emotions during these times. Cybercriminals may use email, fraudulent websites, or social media to exploit people searchingRead more
March is National Credit Education Month, and for both individuals and businesses, building and maintaining a solid credit score is important. After all, a strong credit score will help you be successful in areas ranging from renting property to applying for a loan. The following, are a few simple tips to help you or yourRead more
More and more businesses are investing in company culture and there’s a good reason why. Research shows that a strong employee culture can influence organizational performance, customer service, employee engagement, and retention, all while having a huge impact on a company’s bottom line. Here are four reasons why investing in your company’s culture can haveRead more
2020 is finally here. As we embark on this exciting new decade, we are faced with a unique set of challenges. Scammers have discovered a simple way to forge legal documents and are looking to take advantage of unsuspecting people. Good news is you can protect yourself by following one easy tip: Stop abbreviating theRead more
If you’re a homeowner and are contemplating any future endeavors that may require additional funding, look no further. A home equity line of credit (HELOC) can provide many advantages over other types of loans. Lower Interest Rates HELOC’s are secured against the value of your home and will offer lower rates than unsecured loans suchRead more
From our humble beginnings, Bank of Southern California’s mission has always been to make a difference in Southern California communities by providing the best in class resources and solutions to local businesses and organizations. Beyond our services, we also make it our responsibility to help fuel the growth, prosperity and wellbeing of our local marketsRead more