Welcome to Marylandbankingblog.com

Howard Bank created Marylandbankingblog.com with the small business in mind. It is another way Howard Bank offers the Hands On approach to banking. If there is a specific topic you would like us to write about, email us at HBOnline@howardbank.com with your topic idea.

Author Archives: admin

How Credit Scores Impact Your Mortgage Rate

August 28th, 2014 | Posted by admin in Mortgage - (Comments Off)

By Sheyna Steiner at Bankrate.com

Interest paid on a mortgage can add up to hundreds of thousands of dollars over the life of the loan. The most influential determinant of your mortgage rate will be your credit score. The higher your score, the lower the interest rate. On a loan as large as a mortgage, a mere percentage point up or down can add up to a significant amount of money. (more…)

Determining Your Financing Needs…

August 26th, 2014 | Posted by admin in Small Business - (Comments Off)

Before you seek financial assistance, you should thoroughly assess your current financial situation. Ask yourself the following questions to determine your business’ financing needs: (more…)

Marketing 101…

August 19th, 2014 | Posted by admin in Marketing | Small Business - (Comments Off)

In order to successfully grow your business, you’ll need to attract and then work to retain a large base of satisfied customers. Marketing emphasizes the value of the customer to the business, and has two guiding principles: (more…)

Saving Options…

August 14th, 2014 | Posted by admin in Savings - (Comments Off)

Not all savings accounts are the same. Different banks offer different interest rates. And individual banks typically offer a number of savings accounts options to choose from.

Before opening a savings account it’s a good idea to figure out how you’ll be using it. Ask yourself: (more…)

Small Business Owners Share Their Secrets For Loyal Customers…

August 12th, 2014 | Posted by admin in Small Business - (Comments Off)

Small businesses know better than anyone how important it is to find a way to keep customers coming back.

This brings up an important question: how do you keep customers coming back, again and again?

Luckily, with powerful channels like email, social, mobile, and social — it’s never been easier for businesses to stay in touch with customers and generate the repeat business they need to succeed. (more…)

Understand Your Market…

July 29th, 2014 | Posted by admin in Marketing | Small Business - (Comments Off)

To run a successful business, you need to learn about your customers, your competitors and your industry. Market research is the process of analyzing data to help you understand which products and services are in demand, and how to be competitive. Market research can also provide valuable insight to help you: (more…)

How to Shop for a Bank…

July 22nd, 2014 | Posted by admin in Small Business - (Comments Off)

Choosing a bank for your business involves more than opening a new account at your personal bank or picking the branch office nearest your company. You need to understand what services you require and how much they cost. Ideally you’ll find a banker who will take the time to walk you through how to solve a problem, so you can go back to running your business. Still, some business owners may spend more time shopping for a $300 laser printer than they would shopping for a bank. (more…)

Ellicott City, MD, July 17, 2014 –Howard Bancorp, Inc. (Nasdaq: HBMD), the parent company of Howard Bank (the “Bank”), today reported its financial results for the three month and six month periods ended June 30, 2014.

Highlights for the three and six month periods ended June 30, 2014 were as follows: (more…)

Managing Your Mortgage…

July 17th, 2014 | Posted by admin in Mortgage - (Comments Off)

Introduction

Acquiring your first home, or a larger one to meet growing family needs, usually focuses all of your attention on accumulating the down payment and qualifying for the financing on the property you have selected. There is a sense of relief when the loan is finally closed and you have settled in the house. It will not take long, however, before you will have to face the financial responsibilities that home ownership imposes. (more…)

Customer Engagement: 3 Essential Tips for Small Businesses …

July 15th, 2014 | Posted by admin in Marketing | Small Business - (Comments Off)

By: Nicole Fallon, Business News Daily Assistant Editor

If you want customers to interact with your brand online, your Web presence needs to be engaging.

As a small business, your website is often the first place consumers will go to find you. Your site is your chance to make a good first impression on potential leads and bring back existing customers. If you want to accomplish this, it’s important to make sure your website keeps its visitors interested and engaged.

Most brands are aware of the need to create an engaging Web presence, but smaller ones typically don’t think they have the time or resources to constantly update their website with fresh, new content, or even create a website at all. (more…)