The BankFive Business Blog


Informative Articles on financial topics and tips for your business.

business owner looking at tablet
Marissa Scott — 
Business

5 Tips for Purchasing Business Software and Tools

In today’s tech-driven world, there is an app or program for just about any business need and in most cases, multiple options for the same solution.

woman working on laptop with baby
Marissa Scott — 
Business

6 Tips for Work-Life Balance as a Small Business Owner

Running your own business takes hard work and dedication. Here are some suggestions to help you strike a balance between your business and your personal life.

person on laptop writing in notebook
Marissa Scott — 
Business

Choosing a Business Structure: Corporations Explained

Here we discuss some advantages and potential disadvantages of incorporating your business.

Employee Retention Credit form and pen on desk
Marissa Scott — 
Business

What Your Business Should Know About the Employee Retention Credit

The ERC was first announced in 2020, and is a refundable tax credit for eligible employers. Take a look at what this could mean for you as a business owner.

woman working at home office desk
Marissa Scott — 
Business

Making Self-Employment Work as a Small Business Owner

Before making the leap into self-employment it’s important to evaluate all aspects the decision to determine if it’s the right move for you. 

two business people shaking hands
Marissa Scott — 
Business

Tips for a Business Succession Plan

Having a business succession plan in place can eliminate the stress associated with a transition of ownership, and ensure it is done correctly if plans change quickly. 

café employee looking at tablet
Marissa Scott — 
Business

How to Prepare Your Business for a Recession

With many experts predicting a recession, it’s smart to take steps to prepare your small business in case it does become reality. Here are some things to focus on.

SBA loan documents, calculator and pen on desk
Marissa Scott — 
Business

How to Apply for an SBA Loan

Whether you're starting a small business or looking to grow an existing one, here is some guidance for receiving assistance through the Small Business Administration.

Person on laptop with several icons in front
Marissa Scott — 
Business

5 Tips for Setting up a Payroll System for Your Business

Regardless of how you choose to tackle the setup of your payroll system, here are 5 important tips to keep in mind.

Stamper reading "NONPROFIT"
Marissa Scott — 
Business

Funding Options for Non-Profit Organizations

Although many non-profit organizations operate similarly to for-profit businesses, finding and qualifying for funding can be more difficult for non-profits.

Someone paying with a credit card
Marissa Scott — 
Business

What Small Businesses Should Know About Card Processing Fees

Many small businesses are familiar with transaction processing fees, but understanding them can be confusing. Take a closer look at debit & credit card processing fees.

Woman sitting on her laptop holding a credit card
Marissa Scott — 
Business

Building Your Business Credit Score

To run your business as effectively as possible, a good credit score is helpful. Here are some tips to help build and maintain your credit score as a business owner.

People brainstorming ideas on a paper
Marissa Scott — 
Business

Tips for Developing Your Small Business

Being aware of the various stages of business development and having an idea of what each phase might look like can help ease the stress of managing your business.

Two people looking at data on an ipad
Marissa Scott — 
Business

6 Tips for Managing Your Small Business Finances

Here are tips for efficiently managing your business’s finances, so you can continue to focus on the aspects of your business that you’re most passionate about.

increasing coin stacks with graph lines following
Marissa Scott — 
Business

Why Money Market Accounts Make Sense for Businesses

Take a closer look at some of the benefits a business money market can provide.

solar panels with skyline in background
Marissa Scott — 
Business

Reasons to Consider Solar Power for Your Business

Installing solar panels can be beneficial for businesses of all sizes. Take a closer look at some of the potential benefits that solar power could provide.

papers laid out with business plan notes
Marissa Scott — 
Business

How to Prepare a Business Plan when Applying for a Business Loan

Having a solid understanding of what to include in your business plan can help streamline the process. Take a look at what's included and how to help ease stress.

spreadsheet with refinance stamp over numbers
Marissa Scott — 
Business

Does Refinancing Make Sense for Your Small Business?

There are several reasons a business owner might consider refinancing a business loan. Take a closer look to help determine whether this option might make sense for you.

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