Financial Guides

Tips to Help You Get Out of Credit Card Debt

Tips to Help You Get Out of Credit Card Debt

Here's a quick review of strategies to get out of credit card debt, including: the snowball method, the avalanche method, plus the pros and cons of balance transfers and debt consolidation loans.

Read more…
Online Banking Versus Traditional Banking: Which is Better for Your Business?

Online Banking Versus Traditional Banking: Which is Better for Your Business?

In the 21st century, business owners have more choices than ever about where to bank. From fees, to ATM withdrawals, cash deposits to mobile apps, which one is better for your business?

Read more…
Sole Proprietorship vs LLC (Limited Liability Corporation)

Sole Proprietorship vs LLC (Limited Liability Corporation)

There are a few business structures available to SMBs, with sole proprietorships and LLCs being two of the most popular. In this blog post, we've broken down both in plain English.

Read more…
How to Fund your Small Business Now, Even if You Have Poor Credit

How to Fund your Small Business Now, Even if You Have Poor Credit

As businesses seek funding to weather the storm of COVID-19, there are many options to consider based on your credit, how fast you need the funds, and the amount you need to borrow.

Read more…
How Personal Finance Can Affect Your Immigration Case

How Personal Finance Can Affect Your Immigration Case

Learning to better manage your money can have a significant impact on your immigration case.

Read more…
The Importance of Building Credit for Immigrants

The Importance of Building Credit for Immigrants

While in many countries using credit and banks is not a safe decision, in the U.S. holding on to cash and not taking steps to build a credit score and take out good debt may do more harm than good for your finances.

Read more…
A Recap of the Small Business Borrowers’ Bill of Rights

A Recap of the Small Business Borrowers’ Bill of Rights

The small business borrower’s bill of rights is a document that outlines six fundamental rights that any small business owner who is seeking funding is entitled to.

Read more…
Understanding Business Risk and Debt Service Coverage Ratio

Understanding Business Risk and Debt Service Coverage Ratio

DSCR stands for Debt Service Coverage Ratio and is often a figure used by lenders to understand the risk associated with lending to their borrowers. If you’re able to calculate the DSCR for your business, you’ll be able to better understand the terms that some lenders offer you.

Read more…
Your Financial Terms Glossary

Your Financial Terms Glossary

With so many new lending companies popping up left and right, how are you supposed to know which option is best? We’ve created a list of common terms that you’ll see on websites offering funding for small businesses.

Read more…
What does APR mean?

What does APR mean?

You’ve probably heard terms like APR, interest rate, and flat rate fee thrown around all from different lenders, but what does all of this really mean and how should it be applied most productively as you decide which loan options you’re going to apply for?

Read more…

Ready to learn more about Hatch Business Checking?

Join our community of small business owners and get a seamless online banking experience that gives you cash back for $10 a month!

Learn More