The manufacturing industry is built on momentum. When opportunity knocks, whether in the form of new contracts, increased demand, or expansion into new markets, your ability to respond quickly can make all the difference. But scaling your operation takes more than just ambition. It takes access to capital, a sound financial strategy, and a banking partner who understands your business. In this post, we’ll explore lending options tailored to manufacturers looking to grow, key indicators that...

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As a business owner, you have a lot on your plate. The last thing you want is for your business to fall victim to fraud. So, how can you safeguard your business? With due diligence, strong policies and procedures and a trusted banking partner, you can better arm your business from fraudsters. Here a few important tips: Always Verbally Verify Wire and ACH Instructions Once a wire transfer or ACH payment is sent, retrieving it can be extremely challenging. A single well-timed spoofed email...

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In the dynamic landscape of small business ownership, securing adequate funding is often the linchpin for success. Fortunately, the U.S. Small Business Administration (SBA) offers an array of funding programs tailored to meet the diverse needs of entrepreneurs, providing access to capital when conventional financing may be out of reach. Check out your options in the Small Business Resource Guide, 2024 National Edition. As a Preferred Lender, you can count on Falcon National Bank and our SBA team...

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In the world of entrepreneurship, a well-crafted business plan serves as the cornerstone of success, guiding you through the details of structuring, operating, and expanding your venture. Whether seeking funding, attracting partners, or steering your company toward growth, a carefully formulated business plan is your indispensable tool for navigating the competitive landscape with confidence. Explore example business plans and tap into expert guidance from the U.S. Small Business Administration...

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Embarking on the journey of starting a business entails a meticulous blend of vision, strategy, and legal adherence. Outlined within the pages of the Small Business Resource Guide, 2024 National Edition, are ten pivotal steps, each crucial for laying the groundwork and fostering the growth of your venture. From conducting thorough market research to selecting the ideal business structure, every facet is addressed to equip you with the tools needed for success. Find out more about how to start...

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Starting a business requires more than just a groundbreaking idea; it requires an understanding of the logistical, regulatory, and strategic intricacies involved. Everything from market research, to zoning, to taxes and insurance, to employment and intellectual property, dive into the foundational principles in the Small Business Resource Guide, 2024 National Edition, created by the U.S. Small Business Administration. And when you are ready to take that next step, our SBA team is here to help!

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As you drive around town running errands — picking up a few must-haves for dinner at the grocery store, shuttling the kids to soccer practice, or dropping off a prescription at the pharmacy — you likely drive past a community bank or credit union in your neighborhood. In fact, you might pass several without even noticing. Small banks and credit unions have been in your neighborhood for as long as you've lived in your home (and in many cases decades and decades longer), and you...

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For small business owners, any given day can include the smallest details from preparing bid proposals to changing printer ink cartridges. Not enough hours ever seem to be spent doing the work you truly enjoy, like engaging with your favorite customers and building your business into a successful way to support you and your family. You likely discovered pretty early on that running a home and running a business are entirely different creatures. While you may be outstanding at wrangling both on any...

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It takes some diligence, but with the right knowledge, a reliable banking partner, and the use of effective tools, you can empower yourself to safeguard against potential threats like check fraud schemes. What does the fraud look like? Here is a typical example of what business customers are experiencing: A business customer drops a check payment in the mail payable to their vendor. At some point along the way, the check is stolen by criminals. (Criminals target USPS blue collection boxes,...

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As a business owner, you're a master of the financial juggling act. With accounts payable, accounts receivable, cash flow forecasting, and payroll on your plate, it's a wonder you haven't joined the circus! Fear not, cash management is your financial safety net - it simplifies your financial operations to streamline your bottom line with a much-needed boost. What Is Cash Management? Cash management refers to the process of handling a company's cash flow to achieve the best possible...

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