Creating a relationship with your bank is crucial when it comes to your finances. As we already know, it’s almost impossible to buy a house or car without good credit established, but many people don’t know where to start. Choosing the right bank will allow you to create a relationship based on trust, interdependence, and confidence when it comes to making financial decisions.
Category: Corporate Banking
Employee theft and fraud can happen in any business, but often small businesses and startups are particularly vulnerable because they have not instituted the right checks and protections as a preventative measure. Unfortunately, embezzlement also hits smaller businesses harder because they often have less padding in their budgets and revenue streams.
With the reputation that many see now a days, banks and small businesses may seem like they have nothing in common with each other, when in reality they actually have more in common than most people notice. Here are some common interests found between banks and businesses.
The first thing every successful business needs is money. Whether you’re a first time entrepreneur looking to turn your dreams into reality or an established business looking to grow and expand to the next level, every business relies or has relied on investors for support and resources at some point in its journey. Convincing people to believe in your vision as much as you do isn’t easy, but the payoff is well worth it. So how do you go about finding investors?
If you have an inspiring vision and boundless enthusiasm for your business, we want to see it take off! Even the most successful corporate giants started small and humble, and they faced many pitfalls along the way. Even intelligent, savvy business owners are at risk for falling into these old and dangerous traps. Luckily, you can protect yourself by anticipating common problems and taking steps to avoid them. Study up on these business mistakes that can lead to financial disaster to make sure you can guide your business confidently past them and onward to success.
The world of banking can be a complicated path to tread, especially when it comes to the differences between investment and corporate banking. The variations between the two can be a source of confusion. Corporate finance has rapidly involved in the recent past, which leads to many options and types of financial groups that deal with slightly varied roles.
It’s important for banks to understand what their clients need and want and then meet those desires, thus building trust. Here are some important areas that can make or break a relationship with a client.
There’s a lot more to consider when choosing the right bank for your business than when you’re opening a personal account. It’s not just a matter of interest rates and fees. The right bank can be an invaluable ally, and the wrong one can hold your business back. Salaam African Bank shares the right questions you’ll want to be ready to ask
If you’ve always dreamed of starting your own business and building it into a successful venture for years to come, chances are you’ll need a little help along the way. You are not alone! Most small business need a lot of support when they first get started, and even established and successful businesses often need some extra support as they focus on growth and stability. To make your business work, you will need to draw on your family, your friends, and of course your own boundless creative vision and passion. You will also need a strong bank standing behind you. One of the most important first steps for many startups and businesses on the edge of exciting growth opportunities is securing asset financing, which has much lower interest rates than a credit card. Good asset financing can give you the power to begin turning a dream into reality.
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