By: Robert A. Vandenbergh
From the day Lakeland Bank first opened its doors, we have had a strong tradition of philanthropy. It’s truly amazing what Lakeland Bank’s employees and customers have done over the years to support our local communities. In 2010, we continued our tradition of giving back in many ways, and here are a few that I would like to bring attention to:
- Lakeland Bank employees volunteered 16,000 service hours supporting nonprofit organizations in their neighborhoods including schools and youth athletic leagues. They also volunteered for first aid squads and fire departments and were members of Rotary Clubs, Knights of Columbus and hospital foundations. The service our employees give helps foster ...
By: David S. Yanagisawa
As the economy improves, small businesses may find they need quicker access to cash to rebuild levels of inventory. They may have a project or opportunity on the horizon but might be short on cash to complete it. Asset-based lending could be the right solution.
According to the Commercial Finance Association’s
Q3 ABL Lending Index, asset-based lenders continue to increase new credit commitments and are helping fuel the availability of working capital for businesses emerging from the recession.
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By: Robert A. Vandenbergh
According to the
U.S. Small Business Administration, small businesses represent 99.7 percent of all employer firms in America, and these companies rely heavily upon owner investment and bank credit – averaging $80,000 a year – for financing.
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It is not unusual for these small businesses to experience a cash strain from time to time. Business solutions available in these instances include a commercial line of credit, a commercial term loan or a small business line of ...