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.

Topics: Small Business Lending, Small Business

Celebrating National Ag Day

March 24, 2020 by First Federal Bank

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.

Topics: USDA, Small Business

Funding Your Small Business with Bad Credit

March 23, 2020 by First Federal Bank

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.

Topics: Small Business Lending, Small Business

Paying for Digital Advertising

March 16, 2020 by First Federal Bank

In 2020, digital advertising is a multi-billion-dollar industry where you have to spend money to get the exposure you need.

Topics: Technology, Small Business, Marketing

The Pros and Cons of Selling Part of Your Business

March 11, 2020 by First Federal Bank

Under certain circumstances, bringing a new equity partner into your business can be a wise choice that leads to growth and continued upward momentum.

Topics: Small Business

Building Company Loyalty To Decrease Turnover

March 06, 2020 by First Federal Bank

Your hard-working employees are instrumental in your business’s present profitability and future growth, so it is imperative to establish a company culture that makes your employees want to work for you for many years.

Topics: Small Business

Make Your Business Easier for Customers to Recommend

February 13, 2020 by First Federal Bank

When your company is up and running, you want potential clients to know all about your successes. You can promote them yourself, but recommendations from your customers will have a much bigger effect. Consider changing your strategy to get your business the good reviews it needs.

Topics: Small Business, Social Media, Marketing

Finance Options for Opening a Restaurant

January 07, 2020 by First Federal Bank

Whether you have an old family recipe that you feel should be shared with the world or want to try your hand in a growing industry, starting a restaurant is challenging yet rewarding experience. Setting aside the intricacies of creating menus and establishing your brand, you will need significant seed money—The Balance Small Business’s Lorri...

Topics: Small Business Lending, Small Business, Entrepreneurship

Should Personal and Small Business Banking Overlap?

December 27, 2019 by First Federal Bank

One of the most common mistakes small business owners make is failing to separate their personal and small business finances. Many owners try to process their business transactions through their personal bank accounts, but whether they do it for convenience or to help reduce expenses and bank fees, the reasons to not do it are much more...

Topics: Small Business, Entrepreneurship

How to Make a Loan Against Your Retirement Accounts

December 23, 2019 by First Federal Bank

Saving for retirement is meant to help you finance your future, improving your quality of life after your work years. The more you are able to set aside and the longer you allow that money to accrue, the more cash you’ll have to live on. Because of this, it’s recommended to defer taking funds from your retirement savings as long as possible —...

Topics: Small Business Lending, Business Banking, Small Business, Retirement, Entrepreneurship