4 Tips for Navigating the Business Loan Application Process 59% of small businesses report not having enough capital to grow or sustain their business, according to the Federal Reserve Banks’ Small Business Credit Survey. Moreover, the knowledge gap about small business loans and financing has made it even harder to set your business up for success. While some sources may give new borrowers the… Read More
8 Financing Programs to Help Minority-Owned Businesses Grow Did you know that Black-owned businesses are least likely to receive funding? Comparatively, 40% of white-owned firms received all of the financing they sought, compared to 31% of Asian-owned firms, 20% of Hispanic-owned, and only 13% of Black-owned firms. Fortunately, many organizations and opportunities are working to fix this gap and elevate minority-owned businesses. Here… Read More
4 Ways to Find the Value of Your Business Did you know 98% of small business owners don’t know the value of their company? If you’re thinking about selling or have an interested buyer, understanding the value of your business is important when negotiating the best possible deal. Here are four ways you can calculate your business’s value. 1. Asset-based method The asset-based method… Read More
Western Roofing Goes Beyond Roof Repairs to Support its Community Western Roofing breaks the status quo of your typical roofing company. The longtime commercial roofing business prioritizes community support, customer service, and quality over quick gains. We caught up with Curtis Nicholson, Western Roofing President, to uncover why “doing good” can actually do a business good. 1. Briefly describe your business (what does it provide,… Read More
See How Your Small Business Can Win $5,000 and Promotional Support In partnership with the Phoenix Suns, FirstBank is hosting the return of the Small Business Empowerment Awards. This season-long program is designed to strengthen underserved and minority-owned businesses across the Valley, through financial and promotional support. What are the Small Business Empowerment Awards? What are the six categories and nomination periods? Visit suns.com/empowerment to learn… Read More
10 ‘Good Business Awards’ Winners Making an Impact In partnership with One Valley Foundation (OVF), the Official Foundation of the Coachella Valley Firebirds, FirstBank introduced a brand-new ‘Good Business Awards’ to recognize local businesses making a difference in the community. From custom tile designs to doggy daycare, here are the ten ‘Good Business Awards’ winners and how they’re making an impact. 1. SH… Read More
5 Consejos Para Buscar y Adquirir Un Negocio Rentable No es ningún misterio que poner en marcha un negocio nuevo es una labor difícil, y muchos aspirantes a convertirse en emprendedores pueden enfrentarse a dificultades a lo largo del proceso. Según el U.S. Bureau of Labor Statistics (BLS)^, el 20% de los negocios nuevos fracasan en los primeros dos años, el 45% en los… Read More
Rethink Compliance Reimagines What’s Possible for Business Growth With nearly a decade of redefining conventions and creating change, Rethink Compliance—a women-owned and led compliance firm based in Denver—leverages its banking relationship and know-how to grow from a start-up in 2015 to a thriving 41-person company, serving nearly 200 clients internationally. Rethink hasn’t only modernized the compliance industry but is on track to being… Read More
7 Financing Options You Should Use to Elevate Your Niche Business Starting or growing a new business can be challenging, and so is securing access to funding. Whether your venture specializes in fire protection services or equine performance and rehabilitation, there are several financing options to help grow your niche business. Here are seven options you should keep in mind when looking to scale your business.… Read More
8 Signs Your Business is Ready to Expand It’s no secret that small businesses are the heartbeat of our economy. In fact, according to the Small Business Administration, 99.9% of American businesses are small and account for the majority of job creation in the United States. While it may be tempting for business owners to take the next step and grow their… Read More