The Helm: banking, lending and business insight for Minnesota

Kevin Hegland, senior lending officer for Carver County at Security Bank & Trust Co., reviewing a document with a customer at his desk

How Interest Rates Affect Business Loans: The Fed, the 5-Year Treasury and Your Next Reset The Federal Reserve raised its target rate on September 16, a quarter point to 3.75 to 4 percent. How interest rates affect business loans depends on …

Business Strategy

team coordinate business account opening

Opening a Business Checking Account in Minnesota Most owners prepare to open a business checking account by collecting documents. That gets the account opened. It does not make the account work. The …

Business Strategy

Minnesota business owner checking spring inventory before the selling season

Business Line of Credit in Minnesota: How It Works and When You Actually Need One A term loan and a line of credit both put money in your account. They answer different questions. A term loan buys something. A line of credit covers …

Business Strategy

minnesota manufacturing plant

Manufacturing Business Banking: The Warning Signs You've Outgrown Your Bank The used CNC machine was priced right and ready to go. The seller needed an answer in five days. Your bank needed three weeks just to produce a term …

architect reviewing plans at their small business

Why Your Bank Holds Your Check Deposits, and How to Get Faster Access to Your Cash You deposit a check from a good customer on Monday. Payroll runs Friday. And the money is still sitting in limbo, marked unavailable, while your …

Treasury Management

small business owner looking at his equipment

What Business Banking Solutions Support Equipment Financing and Expansion? When a business is ready to buy a new machine or open a second location, the question is rarely whether the growth makes sense. It usually does. The …

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