Having reliable access to working capital is critical to any business’s health, and a lack of access is often to blame when issues arise at an otherwise healthy company. Working capital can come in several forms, and those forms typically follow a company’s stage of life. For a young startup, the most common source of working capital may be the owner’s personal
The Business Banking Team at Elevations provides a consultative approach to help businesses across Colorado’s Front Range realize long-term success. Get to know Juan, a Business Banking Relationship Manager at Elevations. Which Colorado Front Range areas do you serve? I work out of our offices in Interlocken at 1 Environmental Way, Broomfield, and I serve our business members in Longmont. How long have
The business banking team at Elevations serves businesses across Colorado’s Front Range. Our team provides a consultative approach to help you realize long-term success for your business. Get to know Michaela, a Business Banking Relationship Manager at Elevations. How long have you been with Elevations? I have been with Elevations for nearly five years. My
The business banking team at Elevations serves businesses across Colorado’s Front Range. Our team provides a consultative approach to help you realize long-term success for your business. Get to know Nadine, who was the very first Business Banking Relationship Manager at Elevations. How long have you been with Elevations, and which locations do you serve?
You have many choices when it comes to your small business banking and lending needs. Beyond ensuring that your financial institution has the products and services your business requires on a day-to-day basis, your choice can also have an impact on the long-term success of your business. Not all financial institutions take the same approach
If you are self-employed or own a small business and haven’t established a retirement savings plan, what are you waiting for? A retirement plan can help you and your employees save for the future.
Elevations Business Online Banking provides members with quick and easy access to manage their accounts. Here are six frequently asked questions from our business members to help you make the most of this tool. 1. How do I transfer funds from my business account to my personal account? If your business structure is a sole
In the first installment of this blog series, we learned about the critical role the balance sheet plays in managing a high-performing company. Then we looked at what good inventory management looks like. This month we’re sitting down with Mike Thomas, CEO of Alpha Widgets, to see if there is anything we can teach him
In the first installment of this blog series, we learned about the tremendous impact the balance sheet can have on the health of a company. We talked about how the income statement and balance sheet play two very distinct, equally important roles, and how understanding both of them is critical to operating a well-managed company.
How well do you understand your company’s balance sheet? What about your cash conversion cycle? Could you quantify, in real dollars, how much it costs to maintain a certain level of receivables on your balance sheet or that inventory on the shelf? Could you articulate the true cost, or savings, of a loan or line