Private Business

• Services for Business Owners
  • Lending Services
  • Cash Management
  • Retirement Planning
  • Succession Planning
  • Liquidity Strategies
  • Investment Strategies
  • Frequently Asked Questions
• Capital Strategies Group
  • Who is Capital Strategies Group?
  • The Investment Banking Process
  • A Window of Opportunity
  • Frequently Asked Questions
• Business FMA
  • Manage Cash Flow
  • Access Your Funds
  • Monitor Your Finances
  • Simplify Business Administration
  • Business FMA at-a-Glance

Services for Business Owners

Frequently Asked Questions

• How can I earn yield on my excess cash?
• When setting up a retirement plan, how do I decide who should fund the plan?
• If a key-employee of mine were to become seriously ill or pass away, what can I do to protect my business?
• I'm thinking of selling my business in the next five years or so. How long will the sales process take should I want to retire or pass on my business in that timeframe?

How can I earn yield on my excess cash?

When you open up a BFMA account you will automatically earn yield on your excess or "idle" cash by having those funds invested on your behalf using the daily sweep feature. In most business banking accounts, the fees are "waived" in return for maintaining an average monthly balance, but the combination of higher fees and lower or no yield may be quite expensive.back to top

When setting up a retirement plan, how do I decide who should fund the plan?

It's up to you if you want to encourage employees to fund the plan themselves, or if you are willing to match a percentage of their contributions. Plan costs will vary considerably depending on how the plan is funded.back to top

If a key-employee of mine were to become seriously ill or pass away, what can I do to protect my business?

To help you protect your business against the departure of a top executive, Key Person Planning is a strategy you may want to look into. This type of coverage helps insure you against significant lost revenue and expertise if a key person leaves the business due to death or disability.back to top

I'm thinking of selling my business in the next five years or so. How long will the sales process take should I want to retire or pass on my business in that timeframe?

It often takes a minimum of a year to sell a business. Also, consider that many buyers will pay sellers to stay as much as a few years afterward. You'll want to familiarize yourself with the sales process as soon as you can.back to top