How Do Deposits Work and Why Aren't Funds Immediately Available?

September 28, 2022 by First Federal Bank

When you deposit money into your account via cash or check, it can take some time before those funds are available to you. If you’ve ever wondered why, the explanation is quite simple.

Topics: Business Banking, Personal Banking

First Federal Bank Serves More Customers with a Jacksonville Location

June 06, 2022 by First Federal Bank

First Federal Bank, a Florida-based bank, is celebrating the opening of new Interactive Teller Machines (ITM) at both 9700 Touchton Rd in Jacksonville, FL and in the Wildlight community, located at 40 Floco Ave in Yulee, FL. These new ITMs provide convenient, full-service drive-thru banking for consumers and businesses in Jacksonville beginning...

Topics: Business Banking, Personal Banking

Should You Get a Startup Business Loan for Your Entrepreneurial Venture?

May 16, 2022 by First Federal Bank

You’ve had a dream of going into business for yourself, and now you have a product or service you could turn possibility into reality. When you’re looking to get a business venture off the ground, you need startup capital. That’s where business loans can come in handy.

Topics: Business Banking, Small Business

Is an SBA Loan Right for Your Small Business?

April 16, 2021 by Rob Hughes

First Federal Bank is committed to supporting our small business customers during these challenging times. We know now is the right time to secure long-term financing for a stable financial future for your business. Here at First Federal we want to help through using Government Guaranteed Loans, with long term financing options and low fixed...

Topics: Business Banking, Small Business

Myths About Small-Business Debt

February 24, 2021 by First Federal Bank

To increase the success of your business, you need to make more money — and sometimes you need to borrow money to increase cash flow and unlock better opportunities for revenue growth. However, taking out a small business loan may seem like a bigger risk than it’s worth.

Topics: Business Banking, Small Business

Top Small-Business Loan Tips

February 19, 2021 by First Federal Bank

Whether you’re starting up, expanding, or need a quick injection of cash, a small-business loan can be a lifesaver and a dream-maker. Given the gravity of what a loan can do for your business, it should come as no surprise the process of securing one takes a careful, intelligent approach. If you know what lenders are looking for and how to...

Topics: Business Banking, Small Business

What Is Collateral and Why Is It Important

November 23, 2020 by First Federal Bank

The fundamental difference between a secured and unsecured loan is the collateral requirement. But what is collateral? Why is it important? And what is a lien? Here’s everything you need to know:

Topics: Business Banking, Personal Banking, Mortgages / Home Equity

The Do's and Don'ts of Home Office Deductions

November 20, 2020 by First Federal Bank

The popularity of the home business model has seen a significant spike in recent years. More and more individuals have found success earning a living from the comfort of their own home. There can be many perks to being a home business owner, but one benefit not many owners take advantage of is the ability to claim a home office tax deduction. If...

Topics: Business Banking, Small Business, Financial Education, Homeowners

Financial Resources for Farmers

September 23, 2020 by First Federal Bank

There is no question farmers are essential workers. Without their dedication to the land, hard work and ingenuity, Americans would have little or no access to the food they need to sustain their health. Operating a 24/7 enterprise, though, has its difficulties, and sometimes farmers need financial assistance when crops fail or the economy...

Topics: Business Banking, Small Business

Why You Need to Update Your Business Plan

July 10, 2020 by First Federal Bank

When you drafted your business plan, you outlined your goals and the path you’d take to achieve them. Now that your company is up and running, your business plan might not be an accurate representation of your new goals, the state of the market, or your enterprise’s worth. Your business is a living, breathing entity that is constantly changing....

Topics: Business Banking, Small Business, Financial Education

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