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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.

5 Tax Changes Small Business Owners Need To Prepare For

September 30th, 2014 | Posted by admin in Small Business - (Comments Off)

by Nicole Fallon, Business News Daily Assistant Editor

Though it still may be barbecue and beach season, the end of 2014 will be here before you know it. For consumers, this means holiday shopping and New Year’s resolutions. But for business owners, it also means getting financial ducks in a row in preparation for the upcoming tax season.

There are many new and pending changes for the upcoming tax season, and some of them will be particularly important for small businesses. Based on conversations with tax experts, here are a few upcoming issues you may want to speak with your financial adviser about as you look toward year-end tax planning. (more…)

Credit Scores vs. Credit Reports…

September 18th, 2014 | Posted by admin in Mortgage - (Comments Off)

The advice from most mortgage professionals to first-time home buyers is to begin sprucing up their credit at least six months before applying for a loan. Credit scores and credit reports are readily available for purchase online, but figuring out which is most accurate can be daunting. (more…)

Ideas For Growing Your Business…

September 16th, 2014 | Posted by admin in Marketing | Small Business - (Comments Off)

For those of you who have already successfully started a business and are ready to take the next step, you may be wondering what you can do to help your business grow. There are many ways to do this, 10 of which are outlined below. Choosing the proper one (or ones) for your business will depend on the type of business you own, your available resources, and how much money, time and resources you’re willing to invest all over again. If you’re ready to grow, take a look at these tips. (more…)

Finding The Best Bank For Your Needs…

September 11th, 2014 | Posted by admin in Savings - (Comments Off)

By: Kimberly Palmer

Bank accounts aren’t one size fits all. Here’s how to find the best one for you. Savings and checking accounts come in more sizes and shapes than jeans — and you want to make sure you find the right fit. We spoke with some of the top banking and money experts to get the latest on how to be savvy when choosing a bank account. Here are six of their top tips: (more…)

By Tiare Rath

Whether you’re preparing to launch a startup or want to grow your business, one thing is for certain: You’re going to need money. Debt and equity financing are two different financial strategies: Taking on debt means borrowing money for your business, whereas gaining equity entails injecting your own or other stakeholders’ cash into your company. (more…)

How To Earn Customer Loyalty…

September 2nd, 2014 | Posted by admin in Small Business - (Comments Off)

Karen Klein’s portrayal on how to gain customer loyalty is an excellent article for our current and potential small business customers. This article brings to the forefront areas that we all think about but need to ensure we meet when assisting new and existing customers. Continue reading to find out advice on how to gain customer loyalty… (more…)

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…)