That tiny piece of plastic with your name in your wallet or purse has grown in prominence in our commercial landscape. In 2019, there were more than 108.6 million credit card transactions per day in the U.S. alone. This staggering number shows how much we depend on credit and debit cards to make daily purchases. These cards are similar in name or appearance, but their function and effect on your financial outlook can differ significantly. Continue Reading…
Just as you toss out the last bit of leftover turkey and mashed potatoes from your Thanksgiving dinner, songs, movies and advertisements hit the airwaves to let you know it’s the most wonderful time of the year. If you aren’t prepared, this quick turnaround to another holiday can snowball into an avalanche of stress. Unfortunately, seasonal stress steals the joy associated with the holidays for many. But what causes all of this strife during Yuletide? Continue Reading…
Every day you make a lot of decisions. One study found that the average adult makes 122 informed choices every day. While some decisions, like your attire for the day or meal of choice, may seem insignificant, others can set you on a course for long-term financial success or failure. The best way to ensure you make informed decisions for your fiscal future is with a financial plan.
October is National Financial Planning Month, which gives us a fantastic opportunity to share the importance of financial planning. Keep reading to learn how you can define financial success, the value of financial planning and how to create your plan.
Entrepreneurship is a dream for many individuals who are tired of their current working situation or desire to have more control over their careers. There’s nothing like the feeling of being your own boss.
However, it can be extremely difficult to get the funds you need to lift your idea off the ground. Budding businesses can face many obstacles and endure many ups and downs in their first few months or years of business. One online survey found that not knowing where to start was a significant reason entrepreneurs quit their business ideas.
You can overcome these initial hurdles with the proper support and tools at your disposal. A competitive commercial loan is a tool that many entrepreneurs use to get the jumpstart they need. So the question is: where should you seek this type of loan, and what lender will offer the best combination of competitive rates, local economic knowledge and excellent service?
A local bank may be the best lending partner for you. Check out our top reasons why you should consider starting a new business and why you should seek a loan from a local bank.
Small businesses are foundational to the United States economy. In 2019, it was reported that small businesses make up 44% of all U.S. economic activity and are responsible for two-thirds of all jobs in the country. Small, local companies add value to their communities by providing essential goods, services and employment opportunities to the area and stimulating the economy.
If you’ve thought about starting your own business, you may have wondered how to get enough capital to start your venture.
You’re not alone. One of the most common challenges starting entrepreneurs face is a lack of funds when trying to get their businesses off the ground. While there are a few ways to get the cash you need, a commercial loan from your local bank is a great option.