WE TRANSFORM BUSINESS NEEDS INTO SOLUTIONS THAT GROW WITH YOUR BUSINESS.
Questions for Lawn Care Businesses That Want To Be Acquired
Many lawn care businesses are juggling a combination of consistent, increasing demand for services and an aging/shrinking workforce. For these business leaders, it’s vital to examine the business within the context of the following questions as they begin to plan for the future and determine if acquisition is the best course of action.
The Chip Shortage: One Year Later
As we near a full year since this issue began, The Bancorp takes a look at one of the hardest hit industries — construction — and forecasts what business owners may be able to expect as the shortage continues, as well as how to navigate the situation until it is a thing of the past.
Employees That Serve: Uniting The Bancorp Community through Service
Service to others is a unifying force that brings people together. It can take many forms, whether it be participating in local community service or serving your country, service means rising to the occasion for others.
What Market Volatility Means for The Bancorp SBLOC
Volatile financial markets have become a concern for financial professionals and their clients alike. Over the past several months, critical economic indicators and geopolitical events have generated a “perfect storm” of uncertainty in global markets.
The Bancorp IBLOC Leadership Roundtable: IBLOC 101
Abdullah Rajput, Director, IBLOC Lead and John Profitlich, Director, Regional Business Development Officer, offer insight and suggestions to help financial professionals and their clients better understand the uses and benefits of an IBLOC so they can make better financial decisions.
Celebrating Resiliency: Small Business Week 2022
There is no question that small business owners have been through a tumultuous time over the past few years. Through the hardships brought on by the pandemic and its ongoing economic and social impact, business owners have dealt with unparalleled pressure to remain resilient and determined to sustain and grow their companies.
Independently-Owned Assisted Living Facilities Are Primed for Success amid Exponential Industry Growth
There are more than 70 million baby boomers in the United States who are at or near retirement age, and about 70% are expected to enter some type of assisted living facility (ALF) in the future. This, coupled with the fact that Americans are living longer, has prompted many older Americans to turn to ALFs to serve their needs, which has generally driven remarkable growth in the industry.
How the Infrastructure Bill Will Affect the Commercial Construction Industry
For years, Congress debated the need for a bill that would strengthen and reinforce America’s deteriorating infrastructure. On November 15, 2021, President Biden signed a historic $1.2 trillion bipartisan infrastructure deal, titled the “Infrastructure Investment and Jobs Act,” into law.
Looking Back and Forward: A Review of Trends in the Construction Industry
At the start of the coronavirus pandemic in March 2020, like so many other areas of infrastructure, the construction industry came to a grinding halt due to health and safety concerns. As businesses tried to return to “normal,” they were (and continue to be) faced with delays.
Why Lawn Care Businesses Are Primed for Market Consolidation
With a greater focus on home improvements, coupled with the ongoing maintenance required by homeowners, businesses experienced a slew of return customers who not only wanted services, but needed them.
Part II: What to Know about Growing Your Home Services Business: Acquiring a Stand-Alone Small Business
For small home services businesses on the receiving end of increased demand, operating as-is may no longer be feasible or sustainable. As owners vet their opportunities to capitalize on growth, many roads may lead to acquisition, whether that be a franchise or another stand-alone business.
Take on Tax Season with an Insurance or Securities-Backed Line of Credit
While some may be eager to continue building their investment portfolio or venture to pursue new investments, there is one major financial obligation important to plan for: 2021 taxes.
Put your business plans in motion with The Bancorp Commercial Lending. With our customized Small Business Lending and Commercial Fleet Leasing services, you can move your goals to the finish line in no time.
Rapid Funds Transfer
In an increasingly connected world, the pace of business will only become faster. With Rapid Funds Transfer you can move your business into the fast lane with secure, immediate payments 24/7.
Insurance-Backed Line of Credit (IBLOC)
An IBLOC can add financial flexibility to wealth plans by accessing the cash value of eligible whole life insurance policies.1-3
- Policy must be issued by an approved insurance carrier. Contact your Regional Business Development Officer for our current list of approved carriers.
- Funding is subject to credit approval and underwriting.
- There may be an adverse tax consequence to clients pledging the policy and as such, we strongly advise you to consult with your tax advisors before pledging the policy as collateral for a loan.
Expert Advice With A Future Focus
Across our Fintech Solutions, Institutional Banking and Commercial Lending business lines, The Bancorp has broken new ground and earned top industry designations for our product and service capabilities. Our Executive Leadership continues to shape the future of banking and can provide valuable insights on information security, financial services technology and regulatory compliance. Each executive also provides unparalleled insight into the current and future states of their own highly dynamic business lines.