Helpful Tips to Protect Your Business from ID Theft and Fraud

Wednesday, May 10 at 06:10 AM
Category: Business Banking
With an increasing number of businesses operating online in addition to traditional means, it is critical that both consumers and business owners know how to help protect themselves from identity theft and fraud. Fraud not only can ruin the shopping experience, but have disastrous and long-lasting effects for a business. Even if your company doesn’t conduct retail business online, it is important to protect your private business information and data. 
 
  • Limit what you carry. When you go out, take only the identification, and business credit or debit cards you need.
  • Lock your financial documents and records in a safe place, such as a safe or locked file cabinet that only you have access to. 
  • Before you share information with vendors, ask why they need it, how they will safeguard it, and the consequences of not sharing.
  • Protect your company documents. Shred receipts, credit applications and offers, insurance forms, checks, bank statements, expired charge cards, and similar documents when you don’t need them any longer.
  • Install anti-virus software, anti-spyware software, and a firewall on all company computers. Set your preference to update these protections often.
  • Don’t open files, click on links, or download programs sent by strangers. Opening a file from someone you don’t know could expose your system to a computer virus or spyware that captures your passwords or other information you type.
  • Before you send your business information via your laptop or smartphone over a public wireless network in a public place, see if your information will be protected. If you use an encrypted website, it protects only the information you send to and from that site. If you use a secure wireless network, all the information you send on that network is protected.
  • Keep financial information on your laptop only when necessary. Don’t use an automatic login feature that saves your user name and password, and always log off when you’re finished.
For more extensive information on privacy and identity protection, visit www.ftc.gov* and look for the ‘Tips & Advice’ tab. If you’re interested in fraud prevention services for your business that includes theft-resolution and account monitoring services, Arvest offers ACH Fraud Block and ChecXchange® with some of its business services. To learn more, visit www.arvest.com and select Fraud Prevention under the ‘Business’ tab. 
 
Links marked with * go to a third-party site not operated or endorsed by Arvest Bank, an FDIC-insured institution.  

Tags: Arvest Biz, Business Banking, Privacy and Security
 

Happy National Small Business Week!

Wednesday, May 03 at 06:45 AM
Category: Arvest Community News
The U.S. Small Business Administration takes the opportunity to highlight the impact of outstanding entrepreneurs, small business owners and others from all 50 states during National Small Business Week. During the week of May 1, the critical contributions of America’s entrepreneurs and small business owners are recognized. 

We’ve been celebrating our small business customers this week in Kansas City! How does Arvest help small businesses? In Kansas City, Arvest works with the community to provide resources and education to our small business owners.

“We offer free education classes throughout the year through our relationship with Central Exchange and with SolveKC. We have been able to highlight some of our customers to help deliver this education including CPA’s, networking experts and marketing firms. Our relationships with our businesses truly go beyond banking products,” said Arvest Business Banking Manager Monica Dahl. 
 
We asked our business banking team in Kansas City “What do you like about working with small businesses?” Here’s what they had to say!
 
“Nothing is more exciting than meeting with a new business and hearing about their dreams, vision, and business plan and then working with them and watching them grow. I’m so proud of these business owners who stepped out of the box and followed their dreams.” –Carolyn Rouchka 
 
“I love working with small businesses because I get to be a part of their dreams coming true.” –Rene Purtee
 
“Small business owners are my neighbors and friends in Ottawa and Gardner. It is great being able to provide financing and personally watch their businesses thrive and grow. It is banking at its best.” –Ed York
 
“I like the ability to work directly with the owner because they are most passionate about their business. I love hearing the story of their business and what fuels their drive. Working with the business, I help connect the owner to other resources and people in the community and have a direct impact on the business that is visible and truly makes a difference in their lives and the lives of their employees.” –Monica Dahl 
 
“I love working with our small business owners, because each of them are so unique. I enjoy getting to know the owner’s first, even before getting to know their business. Being able to work with our small business customers is such an honor – we get to help make dreams come true.” –Cherith Rone
 
We’d like to recognize all of our small business customers — we appreciate you and all you do for the community!  
 
Tags: Arvest Biz, Business Banking, Kansas City
 

Banking on Your Future – Small Business Workshop Series in Kansas City

Wednesday, May 03 at 06:15 AM
Category: Arvest Community News
Calling small business owners and entrepreneurs in Kansas City! Arvest Bank and Prospect Business Association invite you to attend our Small Business Workshop Series: Banking on Your Future.

Throughout the series, business owners will discover insight on how to apply for a loan and receive in depth information on the different types of loans that are available. Workshop sessions will be led by industry experts from Arvest Bank, including Mark Larrabee, Greater Kansas City president and CEO; Raul Duran and Shannon Neal, Community Development; and Monica Dahl and Rene Purtee, Business Banking.

Check out our upcoming classes:
  • Thursday, May 11, 2017: Business Structure and Financial Statements. Learn how to organize your business and financial management 
  • Thursday, June 8, 2017: Small Business Resources. Opportunity to visit with local business resources
Both sessions will be held at East Patrol Community Room (2640 Prospect Ave., Kansas City, Mo.) and begin at 5:30 p.m.
 
Workshop sessions are free to the public. Space is limited so registration is required. Please contact Julie Headley at jheadley@arvest.com to reserve your spot today! 
 
Tags: Arvest Biz, Business Banking, Kansas City
 

Jennings Named Rural Missouri Inc. Member

Monday, May 01 at 05:30 AM
Category: Arvest Community News

Arvest loan manager in Fayetteville, Ark. is an active small business proponent.

FAYETTEVILLE, Ark. – Arvest Bank’s Eileen Jennings has been named a member of Rural Missouri Inc. (RMI).

RMI is a community development corporation based in Jefferson City, Mo., that has announced plans to partner with banks in 10 Arkansas counties to provide SBA 504 loans. The 504 program offered by the U.S. Small Business Administration provides financing for major fixed assets such as equipment and real estate.

RMI has delivered SBA 504 loans for more than 30 years, leveraging more than $1.7 billion in financing and creating more than 19,000 jobs, according to the company.

Jennings was elected at RMI’s annual membership meeting April 27-28. Additionally, she will serve on RMI’s Jefferson City, Mo. Loan Review Committee.

Jennings is a senior vice president and area loan manager for Arvest in Fayetteville. She began her career at Arvest in 2004 and has held numerous positions. In addition to launching an internal education effort aimed at helping bankers better understand commercial customers, Jennings was named the 2016 Commercial Banker of the Year by the Central Arkansas Chapter of The Risk Management Association. She also is a board member for Northwest Arkansas Land Trust.

Eileen is a true champion for small businesses. Her commitment to seeing them succeed is remarkable, and she will do a fantastic job for Rural Missouri Inc.

Tags: Arkansas, Arvest Biz, Associates, Business Banking, Community Support, Equipment Finance, Fayetteville, Missouri
 

Why Small Businesses Need a Mission Statement

Wednesday, April 26 at 07:05 AM
Category: Business Banking
Every business begins with a theoretical road map to get started, but a key component to long-term success for companies of all sizes is a written and publicly posted mission statement. This statement outlines the company’s purpose – why it exists and what it does; its vision – the big picture; and often its core values that will be followed by every leader and employee in the business.  
 
A mission statement should be brief. It should describe to the reader in a few sentences a high-level overview of the company. It is important internally so employees have a clear direction of what they are working to achieve on a daily basis. It also can serve as a reminder for leaders of the foundation on which the company was built to help guide them during times of change. 
 
Externally, a mission statement speaks to customers and outlines how the company differentiates itself from others in the industry. 
 
Customers want to support businesses that have a solid plan and business owners who are there for the right reasons, regardless of which industry they’re in. Not only does a mission statement give internal and external stakeholders the ‘why’ behind the ‘what,’ it can also create opportunities for new projects, partners or investors that a business may not have had otherwise.
 
The opposite is true as well, in that a clear and understood mission statement may steer leaders away from making alliances that don’t align with that mission. Include the mission statement on the company’s website, in the workplace and other collateral documents.  
 
It will be the first impression of the company many people see so it needs to be concise, yet impressive. The goal is to provide clarity on every level – to employees during their first days on the job, to customers and potential partners. When the mission is clear and a company’s actions align with that mission, it will be reflected in financial results which, ultimately, is the most important reason every company needs a mission statement.  

Tags: Arvest Biz, Business Banking
 

Engaging and Retaining Top Talent: The What, Why and How

Tuesday, April 25 at 06:25 AM
Category: Arvest Community News
Are you a small business in Kansas City? KR-HR will be conducting a free class open to the public titled, “Engaging and Retaining Top Talent: The What, Why and How,” on May 24, 2017, 8 – 9:30 a.m. at Arvest Bank (7401 W. 135th St., Overland Park, Kan.).
 
The featured speaker, Karen Hughey, owner of KR-HR, has designed the class to help small business owners learn what to do and how to create a highly-engaged workforce and sustainable competitive advantage. 
 
Founded by Karen Hughey, a HR leader with more than 20 years of experience in multiple industries and geographic locations, KR-HR is a PeopleFocused advising firm. The firm specializes in making HR manageable and giving business owners the confidence it’s done correctly.
 
KR-HR’s services address the pain points of small-business owners and solve the challenges of meeting the legal obligations surrounding human resources. We help owners focus on employee engagement and retention because we know firsthand the positive impact employee satisfaction has on the bottom line.
 
Based in Overland Park, Kan., KR-HR serves small-business owners across the country who understand how valuable people are. 
 
Karen lives in Overland Park with her husband and Scottish Terrier. Karen enjoys time with family, traveling and volunteer work. She is a fitness enthusiast who runs, bikes, golfs and practices yoga.  
 
R.S.V.P. to Monica Dahl at mdahl@arvest.com or (913) 953-4188. 

Tags: Arvest Biz, Business Banking, Kansas City

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