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Small Business Owners Can Lower Short-Term Fuel Costs, Improve Long-Term Business Efficiency

VINELAND, N.J., May 21, 2012 /PRNewswire/ -- Small business owners are paying big dollars at the gas pump these days:  nearly 75% of business owners say that rising fuel costs are directly affecting their business, according to a recent survey.  Sun National Bank knows that every penny counts and offers innovative ways and smart services for entrepreneurs and business owners to manage escalating fuel costs, enhance operating efficiency and overall, reduce expenses.

(Logo:  http://photos.prnewswire.com/prnh/20120430/PH97193LOGO )

To save money, gas and time while doing your banking:

  • Don't drive to the bank, use online banking.  By paying your bills electronically, you can reduce your trips to the post office and lower your check, envelope and postage costs -- especially if your online billpay is free.
  • Offer direct deposit to your employees to cut down on back-and-forth trips to the bank or credit union to deposit or cash paychecks.  This conserves fuel, saves time and increases productivity.
  • Take advantage of remote deposit services, which enable you to scan and deposit checks without leaving your office.  Not only does this reduce or eliminate the need to drive to a branch to make deposits, it also increases your daily "deposit window" of time.
  • Leverage your existing business spending for added benefits -- earn rewards for fuel, travel costs and more by using a credit card that offers desirable rewards (such as the Business Edition Visa® Card with Maximum Rewards from Sun National Bank).

OTHER MONEY-SAVING TIPSTo avoid last-resort options to combat escalating fuel prices, such as cutting employees' hours or raising customer prices, Sun National Bank also offers these money-saving tips:

  • Whether your business travel involves client meetings or deliveries, look for ways to streamline vehicle usage.  Teleconferencing or online videoconferencing such as Skype can still serve as effective personal interactions, without having to hit the road.  Also, review how often you're delivering to a given customer in a certain region -- perhaps there are ways to increase the efficiency of deliveries.
  • Empower your employees to make energy-saving decisions such as turning off unused equipment or carpooling.  Consider offering employees flex time so they can work from home a few days a month and conserve gas -- this can save fuel and boost morale!
  • Schedule an energy audit to improve efficiency and save money. Your local utility company or municipality might offer this service for free.
  • Install timers, automatic sensors or programmable thermostats for lighting and heating systems. 
  • Replace light fixtures and bulbs with energy-efficient alternatives.

Each year, the U.S. Small Business Administration celebrates the achievements and contributions of small businesses across the country, during National Small Business Week, celebrated this year from May 20-26. Sun banking professionals combine the best of big-bank experience and knowledge with a personal approach that honors relationships. Sun National Bank is a preferred lender of the New Jersey Economic Development Authority and a national preferred Small Business Association lender.  The bank serves commercial customers in Pennsylvania, New York, Delaware and all 21 counties in New Jersey .

About SunSun Bancorp, Inc. (Nasdaq: SNBC) is a $3.11 billion asset bank holding company headquartered in Vineland, New Jersey, with its executive offices located in Mt. Laurel, New Jersey. Its primary subsidiary is Sun National Bank, a full service Commercial Bank serving customers through 60-plus locations in New Jersey. Sun National Bank was named one of Forbes magazine's "Most Trustworthy Companies" for five years.  The Bank is an Equal Housing Lender and its deposits are insured up to the legal maximum by the Federal Deposit Insurance Corporation (FDIC). For more information about Sun National Bank and Sun Bancorp, Inc., visit www.sunnb.com

Sources:  SBE Council "Entrepreneurs & the Economy" Survey, March 2012; Sile, Elizabeth, 5 Tips for Trimming Your Fuel Costs, inc.com, September, 2011.

SOURCE Sun National Bank

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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