It’s no secret purchasing property is a time-tested strategy to help build wealth. Owning commercial real estate provides tax benefits, financial advantages, and other perks buyers can use to make a profit.  Here’s what you need to know about Owner-Occupied Commercial Real Estate (OOCRE) and how buyers can use this tool to improve cash flow.… Read More

Despite being a relatively new technology, Artificial Intelligence (AI) has already started to transform business workflows and staffing models. According to the IBM Global AI Adoption Index (2022), 77% of businesses have already started exploring the benefits of AI in their processes. Of those using AI, about 30% of companies report significant time savings from… Read More

A recent report, which surveyed 2,000 Gen Zers between 18 and 26 in the U.S., found that 70 percent were using TikTok to seek career and business advice. This video-sharing platform began as a forum for sharing dance moves and acapella performances but has now evolved into a hub for financial and business guidance. However, like… Read More

According to the Association of Certified Fraud Examiners reports, U.S. businesses will lose an average of 5% of their gross revenues to fraud. As fraud schemes become increasingly intricate, any company, regardless of size or industry, can fall victim. To combat the ever-evolving list of scams, here are six of the most valuable tactics to… Read More

Every week, economists are either predicting a full-blown recession or speculating that we may skirt around one. But with factors like high-interest rates, increased unaffordability, rising oil and gas prices, resumed student debt repayments, and a looming government shutdown, one thing is evident: consumers and businesses will have a lot less dispensable cash. A Harvard… Read More

Given the impact of climate change, businesses should consider strategies to reduce their environmental footprint. This not only contributes to a healthier planet but aligns with the increasing number of consumers who prefer products from environmentally responsible companies.  Moreover, sustainable practices have tangible positive effects on a business’s bottom line, such as improved productivity and… Read More

Well-known Colorado staple Hapa Sushi Grill & Sake Bar recently moved their business banking relationship to FirstBank. Since their founding, they’ve expanded to four locations across Denver Metro and Boulder, offering a fusion between Japanese and Hawaiian cuisine. And, they launched Motomaki, a fast-casual sushi burrito and bowl restaurant with three locations in Colorado. We… Read More

FirstBank’s recurring Business Banking Spotlight champions local businesses. Learn about each unique company and hear from business leaders as they discuss ways to overcome adversity and find success. Today, we’re highlighting Arvada-based, Morrison Backflow Testing.   Briefly describe your business. Morrison Backflow Testing tests and repairs backflow prevention assemblies. These are plumbing devices that prevent… Read More

FirstBank has always been a passionate supporter and promoter of local businesses. This is why we’re especially excited to partner with The Colorado Chamber of Commerce (CCOC) on their Coolest Thing Made contest, which celebrates the state’s manufacturing industry. Fun fact: Over 4,900 manufacturing firms contribute more than $28 billion to Colorado’s economy, accounting for 6.58% of… Read More