Financial Tips

Your resource for all things financial

  • A Guide to Summer Vacationing on a Budget
    by John McMahon on June 10, 2022 at 1:33 pm

    A summer vacation is a perfect opportunity to rest and restore after months of hard work and hustle. However, these days, your ideal summer destination could come with an inflated price tag. But don’t fret! There are plenty of ways to save money and have […]

  • Starting Your Small Business Finances Off Right!
    by John McMahon on June 3, 2022 at 12:57 pm

    Creating and launching a new business is an exciting experience, but it can also be tricky to navigate with so many unknowns in the early stages. Success ultimately comes down to cash flow, so you are on the right track if you are making more than you are […]

  • 5 Essential Steps to Securing a Small Business Loan
    by John McMahon on May 23, 2022 at 12:42 pm

    The right amount of cash flow can help small businesses thrive! This allows these businesses to make payroll, pay suppliers, and keep their everyday operations going. To maintain a positive cash flow, businesses can always turn to commercial bank lending to […]

  • A Guide to Seasonal Budgeting for Small Businesses
    by John McMahon on May 10, 2022 at 1:44 pm

    It's not uncommon for a business's sales cycle to peak at certain times of the year and drop at other times. This is a natural part of running a small business, and with a fine-tuned budget and the proper plan in place, you can minimize any financial […]

  • Choosing the Right Bank for Your Small Business
    by John McMahon on April 25, 2022 at 1:44 pm

    Finding the right bank and financial partner for your small business is not a task to take lightly! Every bank offers a different combination of financial products and services for businesses of all sizes and types. Be sure to consider the following important […]

  • 5 Benefits of a Business Checking Account
    by John McMahon on April 12, 2022 at 8:31 pm

    Finding the right business checking account should be a priority for every business owner! Don’t muddy up your business finances by using a personal checking account. The best option for financial success for your business is by utilizing a business […]

  • Commercial Equipment Financing Options for Businesses
    by John McMahon on March 31, 2022 at 12:50 pm

    Reduce the upfront financial burden of replacing business equipment by accessing available equipment financing options. This refers to using a loan, line of credit, or lease to obtain equipment for a business purpose. All businesses have equipment needs, and […]

  • Finding the Right SBA Loan for Your Business
    by John McMahon on March 30, 2022 at 3:27 pm

    An (SBA) Small Business Administration Loan provides a viable alternative to traditional business financing to give small businesses the boost they need to succeed. As a participating SBA lender, Mechanics Cooperative Bank works with the SBA to provide your […]

  • 5 Tips to Save Money on Subscription Expenses
    by John McMahon on February 24, 2022 at 5:07 pm

    No matter how small they may seem, subscriptions services can add up fast and cause a significant turn in your budget. With the proper management of these recurring expenses using our helpful tips, you can start saving money on your subscriptions to maintain […]

  • Simple & Free Strategies to Avoid Account Overdrafts
    by John McMahon on February 22, 2022 at 8:20 pm

    If you make purchases or write checks that send your checking account into a negative balance, you can be charged an overdraft or insufficient funds fee by your financial institution — and not just once, but several times if you keep making purchases. This […]

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