Blog

When it comes to operating a small business, understanding your bottom line is essential in spurring growth and success in your business. Determining what steps to take financially in the new year is a huge undertaking for a business owner. Monitoring every dollar and cent and ensuring that you meet your new business goals can cause some stress. To relieve some of your anxiety, we’ve formulated an easy how-to guide for all our savvy business owners. Calculate income versus expenses At...

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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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As we think about Halloween costumes and trick-or-treaters, Falcon National Bank is focusing on the “treats” that set community banks apart and keep customers coming back for more. Here are a few reasons we stand out in the community: Personal Service When you bank locally, you get a sense that you are a part of a family. We know you by name and can offer more personalization in the services we offer. Community banks traditionally have lower rates of turnover, which means you are...

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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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There are plenty of aspects of running a small business that are begging for your time and attention. When that’s the case, it’s important to do things as efficiently as possible—things that will make your life easier and make those things that are vying for your time a little more manageable. Besides convenience, there are plenty of benefits to online and digital banking. Here’s how online banking and digital banking services with Falcon National Bank can give you back precious...

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Some business owners knew they wanted to pursue an entrepreneur career path from the get-go. They attended business school, have advanced degrees, and are very familiar with how business finance works. Other business owners are naturally savvy when it comes to finance. They have a great idea, product, or company, but are well-versed in the business world. Unfortunately, self-employment isn’t for the faint of heart and the learning curve isn’t very large. However, there are a few things...

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"The people who are crazy enough to think they can change the world are the ones who do." - Steve Jobs 70% of small businesses are owned and operated by a single person.1 Two-thirds of all present-day college students intend to become entrepreneurs at some point in their careers.2 It takes just 6 days to start a business in the U.S., compared to a whopping 38 days in China.3 There are 28 million small businesses in the U.S., which outnumber corporations 1162 to 1. 4 Small businesses...

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