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

Add These Business Newsletters to Your Inbox

June 08, 2020 by First Federal Bank

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

What is Business Valuation?

April 30, 2020 by First Federal Bank

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

SBA Works: Serving Small Businesses, One PPP Loan at a Time

April 28, 2020 by First Federal Bank

Honored. Dedicated. Proud.

Topics: Business Banking

Serving Our Small Businesses, One PPP Loan at a Time

April 22, 2020 by First Federal Bank

Honored. Dedicated. Proud.

Topics: Business Banking, Small Business

How to Fund Business Growth

March 25, 2020 by First Federal Bank

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.

Topics: Business Banking, Small Business

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