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Using CDs for Your Savings

You’ve collected a hefty sum of money in your savings account, but what should you do with it? Rather than investing it in a high-risk account or letting it lose value by stagnating, you can use it to buy a CD.

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Tips from the Pros: What Lenders are Looking for in a Soft Economy

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.

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Tips from the Pros: What Lenders are Looking for in a Soft Economy

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.

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Growing Community Impact Through SBA Lending

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!”

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Ways to Stay Cool in the Heat of Summer

Staying cool amid a summer heat wave is imperative not just for your comfort level, but also for your health. Getting overly hot can lead to dangerous health conditions such as heat stroke, heat exhaustion, heat rash, fainting, and cramps, according to the Centers of Disease Control and Prevention. If you are looking for ways to protect your health and beat the summer heat, consider the following suggestions.

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Cookbook New Releases to Grab This Summer

The warmer months are a time for eating outdoors with friends and family, firing up the grill, and devouring fresh and flavorful fruits and veggies. Browsing these six new cookbooks will equip you with all the mouthwatering recipes you need to eat well this summer — and the rest of the year, too.

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Try These 5 Substitutes for Soda

Whether you’re looking to slim down for summer or simply adopt healthier habits, soda is typically one of the first things that dietary experts recommend cutting from your menu. But routines can be tough to break — so here’s a look at some tasty soda substitutes that can help you get your fix for fizz.

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Common Accounting Mistakes That Small Businesses Make

Managing the way money flows into and out of your business is critical to set yourself up for long-term success. If your books aren’t balanced and in check, it can create financial and legal problems that may derail your momentum and undermine your ambitions. Being aware of some of the most common accounting mistakes that small businesses make can make a huge difference as you build toward bigger and better things.
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Teaching Your Child the Basics of Financial Literacy

The sooner you start teaching your child about money, the better. Of course, your seven-year-old doesn’t need to know about stocks or retirement, but they can understand putting coins in a bank to save up for a special treat. If you’re ready to increase your child’s financial literacy and learning at every age, incorporate these lessons into their education.
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