Tag: loans
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SBA Loans - Here's the Skinny!
Posted On: November 5, 2019 by Falcon National Bank in: Manage your Business | Business Banking
Loans through the Small Business Administration (SBA) offer flexible and competitive financing to help you launch, manage, and grow your business. Businesses can utilize loans for major fixed assets, payment of operating expenses, equipment purchases, and more. In short: you get the funds you need from your local nationwide bank with benefits like long-term, fixed-rate financing, and lower (and more predictable) monthly payments. So, how do you get approved for an SBA loan?...
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5 Must-Haves for Getting a Small Business Loan
Posted On: September 10, 2019 by Falcon National Bank in: Manage your Business | Business Banking
Getting approved for a small business loan can be a hurdle for many small businesses. Many banks are reluctant to gamble on small businesses and have pretty tight lending standards. However, it’s often necessary and crucial to obtain outside funding to start or grow a business. This puts small businesses in a tricky spot. While you can’t avoid the fact that acquiring a small business loan is going to be less than fun, there are things you can do to make it easier. Going into any situation...
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3 Good Ways to Establish Credit and 4 Ways to Improve It
Posted On: August 13, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking
Did you know… The average FICO score in America is 695 and the average Vantage score stands at 673. [source] Less than 1% of the population has a perfect credit score of 850. [source] Only 41% of Americans understand that a credit score measures your risk of not paying a loan, according to a joint survey from the Consumer Federation of America and VantageScore. Credit is important for pretty much all facets of adult life. Credit can be impacted by a number of different things....
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Shopping for a home: the mortgage process. Should I get pre-qualified or pre-approved?
Posted On: June 4, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking
The home buying market is hot right now. Summer is the perfect time to move, the economy is stable and buyer confidence is high. However, inventory is also a bit low and that means that houses are selling fast. If you are actively looking, you will want to be prepared to act quickly when you find that perfect property. That means having all your financing sources in-line. What’s the first step? Pre-qualification and pre-approval are two different terms used to describe the initial part of...
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The Scamming Contractor and How to Avoid Them
Posted On: March 28, 2019 by Falcon National Bank in: Manage your Business | Business Banking, Your Financial Life | Personal Banking
Let’s clear the air here, not all contractors scam people. Most are hard-working and honest people that take pride in their work. Falcon National Bank is a large producer of construction loans and we have worked with many reputable builders. However, there are some contractors out there that you just shouldn’t trust. If something doesn’t feel right after meeting with a contractor, it probably isn’t. Being aware of common contractor scams and identifying red flags before...
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