The year-end typically brings a lot of countdowns…top songs of the year, top news stories of the year, top streaming shows of the year, and of course, the countdown to midnight on New Years Eve. At the end of each year, we put together a countdown of our own. Here’s a recap of our top five most popular business blog posts of 2020:

5. The Basics of a Business Line of Credit (LOC)

A recent report on The State of Small Business Cash Flow states approximately 69% of small business owners have been kept up at night due to cash flow concerns. Any small business owner will agree that efficient cash flow management can be a challenging task, especially when businesses are seasonal, or follow a cyclical sales cycle. Fortunately, business lines of credit may be a dependable financial tool to help alleviate the pressure. Find out if your company may benefit from a business LOC by learning about this unique short-term financing option from Business Banker Sandy Retzki. 

4. The Benefits of Digital Banking

It’s no secret that banking at traditional brick-and-mortar branches is no longer the first choice for many banking customers, especially since the COVID-19 pandemic began. When you run a business, you know that the work doesn’t stop when you’re out of the office, and sometimes important financial transactions just can’t wait until you get back. Or, you get so busy with day-to-day operations that it’s hard to find time to get to the bank during regular business hours.

Thankfully, the 21st century has given us the technology that allows us to bring the bank to you. Through the use of such platforms as mobile banking, online banking, remote deposit capture and others, we have all the tools you need to make your banking life more efficient.

In this blog, VP-Banking Services Matt Lemke walks you through some of the options.

Read the blog here.

3. For ICB Founding CEO Bill Censky, Navigating Change is Second Nature

Investors Community Bank co-founder and former president, CEO and Chairman of the Board William (Bill) Censky has likely seen faster technological change during his 50-year banking career than any other time in history. From manually writing checks and rendering accounts, to being one of the first bankers in the state to use a personal computer (a 1982 Apple II+) to working virtually during a global pandemic, Bill has seen it all.

Bill recently stepped down from his position as Investors Community Bank Chairman of the Board, wrapping up a banking career that began in 1969 at Manitowoc County Bank. Bill’s father, the late Gerald Censky was also a banker and one of the founders of that bank.

Meet Bill and hear his story in this popular blog, by Melissa Schamburek, Marketing Specialist.

Read the blog here.

2. Borrowing Base Certificates: How They're Calculated and What to Look For

One of the many challenges entrepreneurs face is keeping their capital levels sufficient enough to fund their growth. Other than cash on hand, many businesses rely on having a business line of credit (LOC). Young, rapidly growing businesses, including manufacturers and distributors that have a lot of seasonality in their sales, may benefit from having an LOC tied to a borrowing base.

A borrowing base is the amount of money a lender will loan to a company based on the value of the collateral. Lines of credit that rely on a borrowing base are typically made on a percentage of accounts receivable and inventory. It is repaid by customer collections, and new advances are made against receivables and inventory as these are created. Because loans are tied to fluctuating collateral, the amount available for borrowing will increase under increasing sales. This blog, written by business banker Tom Pennings, explains how.

Read the blog here.

1. 6 Important Considerations When Choosing a New Building Site

Location, location, location. Those are the three most important words when it comes to real estate, right? Well…yes, and no. When you’re looking to expand your business, of course location is very important, but there are other factors to also consider to ensure a successful building project.

Whether you’ve outgrown your current space and need to expand, or you’re looking to start from scratch with a new, state-of-the-art facility, choosing a location is not always a simple task. Learn about the many other components to factor into the decision from Architect Ian Wilson.

This was our most popular blog for the second year in a row! If you missed it, you can read it here.


As we wrap up this challenging year, we’d like to thank all of our subscribers for following the ICB Business Blog. If you like the content we share, please consider recommending our blog to a friend or share on your social media pages. If you have a topic suggestion for an upcoming blog, please email us at contact@icbk.com. Watch for a new ICB Business Blog format to debut very soon!

Wishing you and your business a successful New Year!

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