First Federal Bank Blog

To help you understand your company’s payroll taxes, check out this brief overview of the factors you should consider before you tackle your taxes.

Whether your startup is already ready to expand, or will sometime in the future, it’s best to be prepared. Read this to learn the best options for funding business growth.

At First Federal Bank, we value the essential role of agriculture in maintaining a strong economy. March 24 is National Ag Day, a day to celebrate and recognize the contribution of agriculture in our everyday lives.

A low credit score is a detriment to any individual or business seeking loans, but it doesn’t entirely eliminate your financing options. FICO defines bad credit as a score between 300 and 629. If you fall within that margin, you can still fund your business in a way that gets your score back on track and opens more doors in the future.

We finally have our first glimpse of Congress’s Keeping Workers Paid and Employed Act. What an unusual time to be in SBA lending! I hope that this will pass and become law in the next two to three weeks. Here are the highlights:

You want your home to be as comfortable, efficient and as beautiful as it can be. However, deciding which home improvement projects or upgrades to invest in can be confusing. These home upgrades will help you save money in the long run.

The COVID-19 pandemic has caused havoc on Wall Street and left many with more questions than answers. The FDIC is now reporting that scammers are using this situation to mislead people into giving their personal information or, in some cases, to send money.

I know many of you have had SBA 7a customers calling and asking for loan deferments. Below is a guide of how to document your loan file.

There are many ways you can expand your house’s size, so make sure you pick the solution that’s best for your needs and adds the most value.

There are many SBA developments amid the Coronavirus outbreak and several changes are being made to the SBA loan program. As changes continue to unfold, I will keep you informed.