KEEPING YOU INFORMED
The ins and Outs of Remote Deposit Capture
Remote Deposit Capture is defined as the ability to deposit a check into a bank account from a remote location without having to physically deliver the check to the bank. As a commercial business, you may have heard of or use Remote Deposit Capture. Here at Bank of Southern California, we provide you with a Remote Deposit Capture scanner free-of-charge,
Seven Cash Management Tools That We Offer Part 2
To continue with Seven Cash Management Tools That We Offer Part 1, below are the last of them: Positive Pay – With Positive Pay, clients submit an electronic file of checks issued to protect their business against fraudulent activity. We then match this list against items that have been submitted for payment and present any exception items for your review
Seven Cash Management Tools That We Offer Part 1
Do you want to minimize unnecessary fees while optimizing cash balances and earnings? If so, at Bank of Southern California, we offer a wide range of easy-to-implement cash management tools. Below are just a few to start: Online Banking – With online banking, you have 24/7, real time access to your accounts. Unlike most major banks, there is no monthly
Six Reasons to Get a Business Loan Part 2
To continue with Six Reasons to Get a Business Loan Part 1, here are the last three reasons why one may want to consider applying for a small business loan: You Are Building Future Credit – You may realize that you will need larger-scale financing for your business in the coming years. To build business credit, you might want to
Six Reasons to Get a Business Loan Part 1
You may think that taking on any debt for your business is not a smart idea. Depending on the situation, that may very well be true. However, if your business is ready to grow but does not have the working capital to do so, you might want to re-consider applying for a business loan. Here are three reasons why: You
Types of Business Loans
At Bank of Southern California, we offer a wide range of business loans, such as lines of credit, term loans, commercial real estate and construction loans, SBA loans, letters of credit, and business credit cards. If you need a business loan but are not sure which type, we can make the process a little easier by quickly defining the different
The SBA Loan Application
Is it easy to apply for an SBA loan? Is the SBA loan application straight forward? What is even on the SBA loan application? You can apply for an SBA loan directly on our website by filling out this painless application that tells us about you and your business. However, if you want to learn about the Small Business Administration’s
The Benefits of SBA Loans
SBA loans are one of the best ways to finance your small business, and they allow lenders like us to offer flexible terms and low rates to small businesses. Some of the benefits of SBA loans include: Guaranteed by the Small Business Loan Administration Access to capital to grow your business Low interest rates and lower down payments compared to
The Difference Between the SBA Advantage Loan Program and the SBA Grow Loan Program
Firstly, do you know what an SBA loan is? Well, for all of you who may not know, an SBA loan is a more flexible, government-guaranteed loan designed to help small businesses with various types of loan fundings. You may have also not been aware of the two types of SBA loans. Yes, there are two types: the SBA Advantage
What Is an SBA Loan?
If you are planning to start a business or expand an existing business, you may need help with business financing. That is where SBA loans come in. The Small Business Administration (SBA) has a program of government-guaranteed loans (The SBA Advantage Loan Program and the SBA Grow Loan Program, formerly known as SBA 504 loans and 7(a) loans) that are
