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What types of business loans are there?

  The right type of financing can help you achieve your dreams and goals as a business owner. There are many different types of business loans specifically for businesses that are designed to fulfill certain needs. While a professional loan officer can help you pick the right financing option for your business’s requirements, start here…
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6 types of fraud in business

Fraud is serious business. The best way to protect your business from fraud and corruption is to understand the risks and put preventative measures in place.

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Blog 4 Types Of Helpful Tools Every Small Business Needs To Start Up

4 types of helpful tools every small business needs to start up

You may be starting a business with your own drive, passion, and talents. But you’ll need some critical business tools to keep it going. Luckily, there are plenty of options to help you stay on track of anything business-related, from cash flow to communication. Here’s our breakdown of the essential tools you need to make your business run like a machine.

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Stressing over money? Here are 3 ways to mindfully manage your finances

With uncertainties in the economy, constantly-changing markets, and huge life changes, it’s get caught in an anxiety spiral. But you’re not alone. Everyone’s financial situation is unique and needs specific solutions. But there are steps you can take to care of your mind when you’re dealing with financial stress.

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Importance of profit and loss statements

A profit and loss statement is a necessary summary of business operations and it is important to understand it from creation to completion. The P&L along with other financial documents are useful when requesting financing.

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The value of cash management services

A company’s financial stability relies on effective and efficient cash management and the overall, long-term success of a business is heavily dependent on these kinds of financial services. Not every solution will be the same so talk to your business banker to learn what will work the best for your business’s long-term goals.

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What is a Health Savings Account

Health savings accounts, explained

What is a Health Savings Account or HSA? HSAs are tax-free investment accounts designed to help people pay for future medical costs, like deductibles and co-pays. It goes hand-in-hand with your health insurance coverage and functions like a checking account to pay for your health-related expenses.

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A basic guide to personal banking

Money management and financial literacy rely heavily on how well an individual understands personal banking. Regardless of where you are on your personal banking journey, this guide will give you basic tips on how to use the services of community banks. From how banks work to checking and saving accounts, we’ll cover almost everything you…
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Digital payments explained

You may have been using digital payment methods without even thinking about it, as they have become so common in our society. At its core, a digital payment is a transaction or financial transfer that takes place without the use of physical cash.

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How business sweep accounts work

One way business owners can make their financial lives simpler is by opening a sweep account. These accounts can streamline many cash management workflows — and, best of all, they can put money to work by earning interest or giving your company some other advantage.

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What is an ITM Blog feature image - Okoboji ITM

ITM – a new way to bank

ATMs can only offer so much. When you need to talk to a banking professional, that’s where the ITM shines. Simply select the option to talk to a live Bank Midwest employee and, in seconds, one of our employee-owners will appear on-screen to help you with your banking needs.

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