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Author: Matt GoerdtVICE PRESIDENT/LENDING (NMLS ID# 493960)

I listen to your unique situation and together we devise a plan using the tools we have available. My goal is to help you become more successful.

Articles posted by Matt Goerdt

How To Manage Employee Benefits As Health-Care Costs Continue To Rise

Posted by Matt GoerdtPosted on Money & Metrics

Managing employee benefits as health-care costs rise

Unfortunately, health-care costs in the United States only seem to be increasing as time goes on. In 2020, according to CNBC.com, “Large employers predict the total cost of covering health insurance for workers and their families will hit an average of $15,375 in 2020, an increase of 5%, according to a survey by the National Business Group on Health.” With … Read More

Types Of Benefits You Can Offer To Your Employees

Posted by Matt GoerdtPosted on Entrepreneurs & Start Ups, Money & Metrics

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Depending on the type of business you start, you may need help running your business. Typically, if you don’t have a business partner, you may begin the process of hiring employees. Although you already compensate your employees for their work, there are a wide variety of other benefits that can be offered to your employees. Required Benefits It is important … Read More

Best Credit Cards for Small Business Owners of 2019

Posted by Matt GoerdtPosted on Money & Metrics

best-credit-cards-for-small-business-owners-of-2019

Running a business includes many day-to-day expenses. Ordering merchandise or materials, travel, and even office supplies all add cost to your overall budget. Instead of paying for all of this straight out of your personal bank account, sometimes, it makes more sense to use a credit card specifically for your business. Below is a list of the best credit cards … Read More

What is an SBA Loan? How Does it Differ from Standard Small Business Loans?

Posted by Matt GoerdtPosted on Entrepreneurs & Start Ups, Money & Metrics

what-is-an-SBA-loan-how-does-it-differ-from-standard-small-business-loans

In many cases applying for a loan is critical for the establishment and success of your small business. Most banks or credit unions have a variety of small business loans, but one type that’s worth looking into is an SBA loan. What exactly is an SBA loan and how is it similar to a standard small business loan? Small Business … Read More

What Do I Do With This Large Purchase Order?

Posted by Matt GoerdtPosted on Money & Metrics

what-do-i-do-with-this-large-purchase-order

Your company may have started off as a small business where transactions were basic and the amount exchanged was manageable. However, when a company starts to grow, the amount of money exchanged becomes higher which can create more details attached to each order. When basic e-mails or a phone call aren’t enough for your company to do business with suppliers, … Read More

Personal Credit vs Business Credit

Posted by Matt GoerdtPosted on Money & Metrics

personal-vs-business-credit

You may know the significance of what the number attached to your personal credit score means but how does it differ from a business credit score? Personal Credit Score Your personal credit score is connected to your social security number and is curated by three major credit bureaus: Equifax, Experion, and Transunion. It’s summarized by a number ranging from the … Read More

The Smart Way To Merge With A Competitor

Posted by Matt GoerdtPosted on Money & Metrics

the-smart-way-to-merge-with-a-competitor

Besides eliminating competition, buying out another business is a positive way to bring two companies together to create a better product or service. Taking on another business can also be very risky and could hurt you in the long run or not be worth the time or money invested in the deal. There is a smart way to merge as … Read More

Most Profitable Business Models

Posted by Matt GoerdtPosted on Entrepreneurs & Start Ups, Money & Metrics

most_profitable_business_models

Wondering how some businesses seem to be raking in the profit? Here are some of the most profitable and common business models out there. Read through to decide which one is right for your business. Sell product for a little more than what it cost to produce. The most traditional business model, which is based on a set profit margin. … Read More