The BankFive Business Blog


Informative Articles on financial topics and tips for your business.

woman presenting business idea for peers
Marissa Scott — 
Business

Programs to Help You Launch a New Business

Working with a startup incubator or business accelerator may help you grow faster, propelling your business to success sooner than you’d see otherwise.

Kylee Salva, owner of Couture Kreations
Marissa Scott — 
Local Business Spotlights

Local Business Spotlight: Couture Kreations

Kylee Salva was gifted a Cricut machine in 2019 from a friend who wasn’t getting much use out of it. She saw the potential income her craft could provide & was inspired to create Couture Kreations.

people looking at commercial building structure
Marissa Scott — 
Business

Does a Commercial Construction Loan Makes Sense for Your Business?

Commercial construction loans are a standard way to finance the construction of office, retail, industrial, multi-family, and other commercial properties.

person handing paper check
Marissa Scott — 
Business

Is Remote Deposit Capture Right for Your Business?

If your business currently has a large volume of check payments and someone is manually trekking to the bank to deposit them, RDC is worth exploring.

small business owner at desk
Marissa Scott — 
Business

7 Tips to Make Your Business More Energy Efficient This Spring

Not only is energy efficiency environmentally responsible, but it can also save you money, which you can put back into your business.

person handing over check
Marissa Scott — 
Business

4 Ways Lockbox Services Can Help Your Business

Also called remittance processing, lockbox banking can help make check processing more secure, accurate, and timely.

two women business planning at desk
Marissa Scott — 
Business

3 Ways to Fund Your Business If You Don’t Qualify for a Loan

If your business needs funding and you’re not currently eligible for a business loan, it’s good to know that there are other financing options available.

two people reviewing business documents
Marissa Scott — 
Business

Who Should Have Access to Your Business Financials?

Managing access to your business’s financial records and accounts is crucial for both protecting sensitive information and making informed business decisions.

woman helping customer check out
Marissa Scott — 
Business

How to Create a Customer Loyalty Program for Your Business

Building a customer loyalty program is one of the most effective marketing strategies to keep your customers engaged and coming back. 

businessmen shaking hands at desk
Marissa Scott — 
Business

6 Things to Consider When Buying an Existing Business

Here are some things to keep in mind if you are considering purchasing an established business.

person shaking hands in an office
Marissa Scott — 
Business

5 Ways a Community Bank Can Help Your Business

Here are some practical and impactful benefits of choosing a community bank as a partner for your business.

person paying with POS
Marissa Scott — 
Business

6 Reasons Your Business Needs a POS System

Many of today’s POS systems are true command centers, allowing you to process transactions and payments, track orders, manage inventory, and more.

person writing on documents
BankFive — 
Business

New Federal Reporting Requirements for Small Businesses

Many small businesses will be impacted by a new law called the Corporate Transparency Act that goes into place on January 1, 2024. Learn more about these changes and how to report them. 

person reviewing business documents
Marissa Scott — 
Business

5 Ways to Prepare Your Business for the New Year

The end of the year can bring closure for many aspects of your business. It’s the ideal opportunity to assess and adjust your business practices so you can start with a clean slate in the new year.

small business owner wrapping gifts
Marissa Scott — 
Business

4 Ways to Support Local Businesses This Holiday Season

Shopping locally offers numerous advantages, both for you and your neighborhood. Let's rally around our homegrown enterprises this holiday season.

woman looking at papers on desk
Marissa Scott — 
Business

8 Tips for Handling Holiday Stress as a Business Owner

With the holiday rush, it can be difficult to juggle increased demands on your business and still find time to enjoy the holidays with your family and friends.

Elicia & Matt Brum
Marissa Scott — 
Local Business Spotlights

Business Spotlight: Brum’s Ultimate Repair

Brum’s Ultimate Repair in Dartmouth has a customer-focused approach that stems from their all-hands-on-deck family business model.

person scanning an order to ship out
Marissa Scott — 
Business

5 Tips for Adding Ecommerce to Your Business Strategy

Whether you’re considering ecommerce as a way to expand your reach, or to better serve your existing customers, there are some basic things you should hash before getting started.

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