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.

In the ever-evolving landscape of business financing, crowdfunding has emerged as an innovative and compelling option for entrepreneurs and small business owners. Crowdfunding to raise capital involves reaching out to a broad audience, often through online platforms, to secure funding for business ideas, projects, or products. But can it truly benefit your business, and is it a viable option to explore?

If you own a small business, hiring a family member is the same as hiring any other person — with a couple of important exceptions. When you employ your children or even your parents, you might be eligible for significant federal tax benefits. Once you’ve familiarized yourself with all the available perks, you’ll be ready to take full advantage of the ones you qualify for when tax time arrives.

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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One crucial element that can significantly impact your business’s financial standing is credit. Just as individuals rely on personal credit scores, businesses need to establish and maintain strong credit to access financing, secure favorable terms, and build trust with partners and suppliers. In this article, we’ll explore four methods to build business credit.

In the world of small business, one crucial aspect that often gets overlooked is inventory management. Properly managing your inventory can have a major impact on your bottom line, cash flow, and overall business success. In this article, we’ll explore the fundamentals of inventory management, why it’s essential, and methods you can apply to keep your business financially healthy.

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