Commercial fraud poses a significant threat to every for profit and nonprofit customer. Deceptive practices, falsified transactions and cybercrime can lead to substantial financial losses, damage to reputation, and legal consequences. Implement robust strategies to prevent and mitigate the impact of commercial fraud.
Technology has made communication and transactions more accessible than ever. The risk of falling victim to scams has also increased significantly. For businesses, especially small ones, scams can lead to financial loss, damage to reputation and even legal troubles. Be vigilant.
As a small business owner, you're no stranger to surprises. Whether it's a sudden spike in the cost of supplies, a key employee leaving unexpectedly, or even a surge in demand, the entrepreneurial journey is riddled with unexpected twists and turns.
Most businesses rely heavily on email communication, so the threat of business email compromise (BEC) is very real to small business leaders. BEC attacks involve fraudulent emails targeting employees. Put the right strategies in place to fortify your defenses.
You have probably seen the news reports and alerts on social media about check washing scammers stealing personal mail in search of checks sent to businesses, utilities and nonprofits. However, businesses need to be on alert for check washing, too because you are their preferred targets.
In the dynamic and ever-evolving landscape of entrepreneurship, small business owners face a multitude of challenges daily. From limited resources to fierce competition, navigating the path to success requires constant learning and adaptation. One powerful resource that is often overlooked is podcasts.
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Everyone from software companies to the online store you use to order household items are touting small business solutions for customer payments and vendor payments. Before you partner with someone new to the payments industry talk to your bank.
Do you know anyone who actually likes expense reports? Whether your employees travel for business, entertain VIP guests, or need to purchase equipment or supplies to complete a job, they're often left with administrative tasks that, quite frankly, are the least satisfying part of their work week.
Anyone who ever said business isn’t personal, never owned or ran one. Entrepreneurs need a banker who understands your business and feels a stake in your success. National banks may have more branches, but many small businesses find the relationships and service they need at a community bank like Heritage Bank.
Successful small business owners are generally adaptable by nature, so why shouldn’t they have flexible access to credit? If your business is growing or your cash flow is uneven, a line of credit offers the flexibility you need to succeed.
Running a small business takes hard work and dedication. It also requires you to have capital up front to cover planned expenses, from leasing a space and hiring employees to obtaining insurance. Every business also incurs unexpected costs like new equipment, permits and licenses and supplier price increases.
