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Countdown to Compliance: The Corporate Transparency Act
October 18, 2024
Categories: Business, Financial Education
The Corporate Transparency Act (CTA) marks a significant shift in the regulatory landscape for many U.S. businesses. This legislation introduces new compliance requirements, requiring businesses to share more information about who owns and controls them. Companies now need to learn about these new rules and figure out how to follow them correctly..
What is the CTA?
It’s designed to make it harder for criminals to hide illegal activities through businesses.
Its...
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The Inside Scoop: What Banks Look for in a Business Plan
October 11, 2022
Categories: Business
Imagine this: You’re looking to fund your new business.
How do you get the money you need? Here’s what banks look for when making business lending decisions:
The purpose of your loan Your business model Your repayment source Your plans and vision for your business’s future Your budget and financial projections forecast How your business may be impacted by current economic conditions Your reputation and history Your management teamThis...
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Park Bank Backing the Usona Institute’s Groundbreaking Research
January 5, 2022
Categories: Business, Commercial, News & Releases
MADISON, WI (January 2022) — Park Bank is excited to be the lead financial institution backing the new Usona Institute that is under construction in Fitchburg, WI. Scheduled to open in 2023, the $60 million, 93,000 square-foot campus will serve as the new home for Usona’s existing team of 30 employees and include space for therapy, training, and education.
The not-for-profit medical research organization conducts and supports pre-clinical and clinical research...
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Your Business Credit vs. Your Personal Credit – Why It’s Important to Know the Difference
October 5, 2021
Categories: Business, Consumer, Financial Education
For many entrepreneurs, using personal financial resources to help meet the financial needs of their company is common, especially during those critical start-up years. What most of these entrepreneurs don’t know is that blurring the lines of personal and business finance can have negative outcomes and consequences in the future. Let’s look at the issue from the start:
Personal Credit vs. Business Credit. On the personal side, your credit score is linked...
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5 Marketing Resources for Nonprofits
October 4, 2021
Categories: Business, Nonprofit
The world of marketing is constantly changing and even a full-sized marketing department with a large budget may struggle to keep up. Nonprofit organizations often have limited resources and employees may have to fill several roles. We have rounded up the top five marketing resources that nonprofits can use to help them save both time and money.
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Mitigating Business Fraud
August 4, 2021
Categories: Business
We take financial safety of our clients very seriously. We are committed to providing you up-to-date information and resources to help you protect and manage your business finances.
Common Types of Business (Corporate) Fraud 9 Things Your Business Can Do to Avoid Fraud Keep all software and business technology up to date. Enable...
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PPP Round 2: Small Business COVID Relief
January 21, 2021
Categories: Business, News & Releases
Round Two of the Paycheck Protection Program is here. This round of PPP funding includes positive changes that expand program eligibility and provides added benefits for businesses. And, if you received a PPP loan last year, you can apply for another one.
It’s important to apply for this round of PPP funding as soon as possible, as PPP funding is limited...
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Positive Pay – Preventing Check and Electronic Payment Fraud
March 12, 2019
Categories: Business
For business owners who send and receive payments at a higher volume than the average consumer, protecting accounts from fraud is especially important. That’s why Positive Pay is such a valuable tool.What is Positive Pay?Positive Pay is a service that matches checks and ACH transactions presented to your business account against a list of payments...
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