If you're an entrepreneur with dreams of owning your own operation one day, you might already know the importance of a business plan. But do you have everything else you need to set-up shop? We're breaking down some essentials business owners should consider before opening their establishment's door.
The Right Business Loan
First things first - a business loan. For most, financing for their business is needed, so it's important to determine what type of loan will work best. From commercial real estate loans to equipment financing and floor plan dollars, there are lots of choices. Work with an expert at CorTrust to help guide your decision.
Now that you have a business loan squared away, you probably should be thinking about your day-to-day banking needs. You'll want to have a business checking account to deposit checks and pay for incoming bills. Another consideration might be a business credit card to pay for your expenses, like travel and supplies.
Is your establishment one that takes payments? If so, merchant services should be on your radar. From check and card readers to point-of-sale, contactless, and wireless terminals, we offer an array of products and services through many respected manufactures to ensure you can handle any client payment method.
According to the Insurance Information Institute, 40 percent of small business owners have no insurance at all. You definitely don't want to be a part of that statistic, so prioritize getting business insurance. Luckily, CorInsurance can help find you the right amount of coverage, like property insurance and liability, based on your needs.