You may be tempted to use your personal credit card to pay your business’s expenses, but beware, as this practice can affect your finances. The truth is that having separate accounts helps to preserve…
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By Nerma Albertorio Barnés, founder of Centro para Emprendedores y 100 Ventures Our life and surroundings are subject to events that are beyond our control. What we can control is planning how we will…
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Hackers have taken advantage of the coronavirus (COVID-19) pandemic emergency coming up with new ways to commit fraud against businesses. For example, new schemes have been identified in which scammers…
Continue readingVirgin Islands Commercial Customer: Given the situation of the coronavirus (COVID-19), we reaffirm that we are committed and prepared to support you and your business. There are banking tools available…
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We must be prepared to face natural disasters like hurricanes Irma and Maria. Every business is at risk, and to ensure the continuity of your business when disaster strikes, it is essential that you mitigate…
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In the event of a natural disaster, having business interruption coverage¹ will help you replace your business’ lost income. It also covers operational expenses such as incurred payments for contracted…
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Our commercial properties or businesses can be negatively impacted by many events, including natural disasters such as hurricanes or earthquakes. As a result of such an event, both the structure of the…
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The hurricanes that affected our island not too long ago served as a reality check that reminded us of the importance of being prepared, which in turn helps mitigate their financial impact on your business. Below,…
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Financial fundamentals that will make your business thrive Whether you’re starting a small or medium-sized business or an online operation, the key to success is the same: knowing how to responsibly manage…
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Differences between a line of credit and a term loan. Are you thinking about choosing a credit product for your business? If so, let us provide you with some orientation on the differences between a business…
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