In the world of business, entrepreneurship transcends gender boundaries. Yet, the path for women entrepreneurs frequently entails distinctive hurdles and obstacles. First Bank of the Lake understands these unique challenges and takes pride in its collaboration with the Office of Women's Business Ownership (OWBO) at the Small Business Administration (SBA), striving together to cultivate gender equality and economic empowerment.

In the ever-shifting landscape of business, securing a reliable financial lifeline is crucial. A Small Business Administration (SBA) 7(a) Working Capital Loan, provided...

In the dynamic landscape of small businesses, securing financing is often the key to success. First Bank of the Lake stands out as a dedicated partner for entrepreneurs, offering a wide range of financing solutions tailored to meet the diverse needs of businesses of all sizes. From startup capital to commercial real estate purchase, to lines of credit, First Bank of the Lake provides a comprehensive suite of financial offerings.

With the holiday season around the corner, small business owners are not only gearing up for celebrations but also getting ready to conclude their fiscal year. Year-end financial planning is important for businesses of all sizes, to ensure a seamless transition into the new year and lay the groundwork for success in the following months. Here are a few tips to set your small business up for success in the new year.

First Bank of the Lake is deeply committed to serving the financial needs of veterans, recognizing their unique contributions to our economy. We go the extra mile to...

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At First Bank of the Lake, we take great pride in our team of veterans who are dedicated to helping our veteran borrowers achieve their business dreams. Allow us to introduce this incredible team.

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Transitioning from military service to civilian life can be an intimidating experience. Veterans often face challenges starting businesses and securing funding for their...

Welcome to the realm of Small Business Administration (SBA) financing, where a bank lender acts as your guide through this chilling journey. Here are 5 key components of SBA business loans that will send shivers down your entrepreneurial spine:

As business activities slow down, lenders shift their focus toward specific aspects when evaluating financing requests. In such times, lenders scrutinize certain items more closely to assess the viability of providing funds. Let's discuss four key factors that business lenders prioritize during the review process. By examining these essential business criteria, lenders aim to make informed decisions that align with the financial stability and growth potential of the businesses they support.

At First Bank of the Lake, we believe small businesses are the cornerstone of our communities and the American Dream. We recognize that helping businesses has the power to transform people’s lives and businesses across the country. Connecting people with financial resources is the spark that ignites innovation, competition, and expansion. That’s why our motto is “We put you first!”