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.
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
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
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
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 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
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
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
Want to improve the success of your business? Start by learning from other business owners and market experts. By subscribing to communications from these companies and news outlets, your email inbox will be loaded with tools to give your company a leg up.
Topics: Business Banking, Small Business
A business valuation appraises the monetary value of your company. While a business valuation is an essential part of selling a company, it can be useful even if you aren’t looking to sell your small business. An accurate, up-to-date business valuation can enable you to quickly respond to an unexpected opportunity or setback. For instance, if you...
Topics: Business Banking, Small Business