In an increasingly digital world, securing your financial information is more important than ever. Here are five simple steps to help keeping your bank accounts safe: - Enable Two-Factor Authentication: Add an extra layer of security by activating two-factor on your accounts. - Be Cautious with Emails: Avoid responding to emails that ask for financial information or clicking on links from unknown sources. - Monitor Your Accounts Regularly: Keep a close watch on your transactions and report any suspicious activity. - Use Strong Passwords: Create complex passwords and avoid sharing personal details online. - Avoid Public Wi-Fi: Refrain from accessing your bank accounts over public Wi-Fi networks to prevent unauthorized access. By following these tips, you can enhance your financial security and enjoy peace of mind. At CBB Bank, we’re dedicated to helping you protect what matters most. #Cybersecurity #BankingTips
CBB Bank - Commonwealth Business Bank
Banking
Los Angeles, CA 2,649 followers
We build long-term financial relationships, one client at a time.
About us
Commonwealth Business Bank, as known as CBB Bank, is a full-service business-focused bank established in 2005. We offer products and services catering to business owners that will nurture and protect small- to medium-size enterprises and improve their economic viability. For more than 18 years, we have diligently helped grow Korean American business as a proud partner in line with our vibrant shared history of community development. The organizational culture of CBB Bank fosters trust and harmony through equity and fairness in personnel management. We are an innovative financial partner providing equal opportunities, the best service in support of small and medium-size business growth and placing the highest priority on fulfilling our customers' needs above all. We are distinguished by these five core values: Professionalism, Principled, Personal, Passionate, and Pride in service. The CBB Bank promise is to help our customer's business grow stronger, from the very start to their definition of what success looks like. Our aim is true. We sync up businesses and employees with success.
- Website
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https://www.cbb-bank.com/
External link for CBB Bank - Commonwealth Business Bank
- Industry
- Banking
- Company size
- 51-200 employees
- Headquarters
- Los Angeles, CA
- Type
- Privately Held
- Founded
- 2005
- Specialties
- Small Business Banking, Small Business Lending, Commercial Equipment Leasing, Commercial Real Estate, Retail Banking, Trade Finance, Mortgage, Treasury Management, Specialty Deposit, and Digital Banking
Locations
Employees at CBB Bank - Commonwealth Business Bank
Updates
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Looking for small business financing but not sure where to begin? Learn more about the differences between SBA 7(a) and SBA 504 and choose the right fit for your business! • SBA 7(a): Versatile loans for various needs such as working capital, equipment purchase, inventory, and business acquisitions. SBA 7(a) offers flexible terms, low down payment, and ample funding to eligible. • SBA 504: Specifically for acquiring fixed assets like real estate, land, buildings, and major equipment purchases. This loan program involves a partnership between a Certified Development Company (CDC) and a lender. SBA 504 loans offer long-term fixed-rate financing. https://bit.ly/3TiF2hs
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[Business Tip 101] How to safeguard your assets from business debts Operating your business as a Sole Proprietorship or DBA ties your personal and business finances together, putting your assets at risk. The simple answer to safeguarding your business is to set up your business as LLC or Corporations instead of Sole proprietorships/DBAs. LLCs and Corporations create a legal separation, keeping your personal assets safe even if your business faces challenges. It's a simple yet crucial step to securing your assets.
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[Business Tip 101] C corp. vs. S corp. Do you know the difference? If you are starting a business, taxation plays a pivotal role in choosing the right business structure. C Corporation: Income is taxed twice—first at the corporate level, where the business pays taxes on its net income, and then at the shareholder level on distributed profits. S Corporation: Shareholders are taxed directly on the company's profits, avoiding double taxation and potentially offering tax advantages. When forming either, it's important to know the Secretary of State requires articles of incorporation. *CBB does not provide tax/investment advice and must consult with a licensed financial advisor.
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[Business Tip 101] LLCs vs. Corporations: What's Best for Your Business? As a business owner, protecting yourself from liabilities is crucial. Both LLCs and corporations shield owners from personal liability, but they differ in ownership and maintenance. 🤝 Ownership: LLCs are owned by one or more individuals, offering flexibility in management and ownership structure. Corporations, on the other hand, have shareholders who own the company and elect a board of directors to oversee operations. 📝 Maintenance: Corporations typically have stricter record-keeping and reporting obligations compared to LLCs. They require formal meetings, minutes, and more structured governance. LLCs, while simpler to start and maintain, offer less stringent ongoing requirements. 💼 Investor Preference: Investors often lean towards corporations due to their well-defined structure, governance practices, and potential for scaling operations more effectively. Whether you're leaning towards the flexibility of an LLC or the structured framework of a corporation, CBB Bank is here to support your business journey.
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Celebrate Senior Citizen Day with CBB Bank! 🌟 At CBB Bank, we're dedicated to supporting our senior community. That's why we offer the Senior Interest Checking account, specially designed for those 62 and older. 💼✨ ✔️ Enjoy competitive interest rates ✔️ No monthly service charge (with direct deposit/$500 minimum daily balance) ✔️ Convenient branch locations near you We honor Senior Citizen Day as a financial partner that cares. Visit your nearest branch or click the link to learn more! 🏦💬 https://bit.ly/3yN9AAF
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Are you ready to make your dreams a reality before the end of year? CBB Bank is here to support you every step of the way with our Installment Savings. 🔹 Up to 3.30% APY 🔹 Flexible Terms: 12 ~ 36 Months 🔹 Easy Deposit 🔹 Fixed Interest Rate Achieving your milestone is just a call away. Call or visit us today to learn more. https://bit.ly/3X09ijh
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[Business tip 101] Ever wondered about the tax implications for different business structures? LLCs, S Corporations, and Sole Proprietorships: These entities are taxed once on profits received. This means the business owner or shareholders pay taxes based on their individual income tax rates. C Corporations: Unlike the others, C Corporations face double taxation. The corporation itself pays taxes on its profits at the corporate tax rate. Then, shareholders are taxed again on any dividends or income they receive from the corporation. Choosing the right business structure can significantly impact your tax liability and financial planning. *CBB does not provide tax/investment advice and must consult with a licensed financial advisor.
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When starting a business, there are certain things you must consider; 🔹Define your business idea 🔹Conduct market research 🔹Create a comprehensive business plan that outlines your goals 🔹Choose a legal structure for your business 🔹Register your business 🔹Set up your finance Does your business have all things set up to match your goal?
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Make your money work harder for you with CBB Bank's High Yield Savings. 🔹 4.50% APY 🔹 Automatic Transfers 🔹 No Monthly Service Charge (If all requirements are met) 🔹 Minimum Opening Balance: $5,000 🔹 No Minimum Balance Requirement 🔹 Monthly Compounding You can start saving smarter today! Call or visit our branch to learn more. https://bit.ly/4fywJYp
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