Finance

Equipment financing is one of the most practical tools a business owner in Central Minnesota has available, and it's not just for large companies with deep pockets. Whether you run a landscaping operation off Highway 25 in Monticello, a construction company near the...

You've driven past that perfect piece of land near Swan Park more times than you can count. Maybe it's a lot off Broadway Street, a wooded parcel near Bertram Chain of Lakes, or open ground outside Becker or Princeton that keeps calling your name. Land loans and...

Prospective land owners have access to three categories of loans when it comes to securing funding for a land purchase: raw land, unimproved land, and improved land. Understanding the very distinct differences among these loan options is crucial for informed...

Financial literacy is more than just understanding how money works—it's about making informed, confident decisions that set the stage for long-term financial wellness. At Sherburne State Bank, we believe that empowering our community with financial knowledge is one of...

Credit scores have become a central topic in personal finance, though they are a relatively recent development. Introduced in 1989, the FICO score provides a standardized way to assess a borrower’s creditworthiness based on data from credit bureaus like Experian,...

There are two types of assets: illiquid, and liquid. Illiquid assets have real value, although converting them into cash requires time and effort. Examples include real estate, land, vehicles, machinery, equipment, livestock, and so on. Liquid assets are cash, or...

Americans' trust in the banking system was justifiably shaken during the Great Depression. That's why Congress passed the Banking Act of 1933. It imposed numerous reforms, which included separating investment banking from commercial banking, outlawing interest...

Book value. It is how much a business is worth: the combined total of all its assets and liabilities.   It is normal for a company or organization to calculate its own book value every month or quarter. Doing so provides key information to the company's...

  They're both flat, plastic rectangles you can use to buy things at most places. Other than that, debit cards and credit cards are two very different items. Without knowing you, we can't say which card is best for your unique financial goals and circumstances. Let's...