Financing business startup with 401K rollover financing

What is a Small Business 401K Rollover?

First Financial 401K Financing, Acquisitions, Franchise Purchase, Starting a Business

If you’ve been an employee for a better part of your professional career and are now considering starting up a business, you may be aware of the possibility to utilize your IRA or 401(k) retirement fund as an investment. It has its benefits but it could prove to be a complicated procedure for anyone not too acquainted with it; easier …

The SBA Loan can feel like a puzzle without a lending advisor like First Financial

Getting an SBA Loan – Who, What, Where and Why

First Financial Acquisitions, SBA Loan, Starting a Business, Working Capital

Getting SBA Loans There can be a lot of uncertainty when it comes to securing a dependable financial flow to your business. So much so that a commercial loan from a bank that’s also federally insured seems too good to believe. But backing these loans is exactly what the U.S. Small Business Administration’s Guaranteed Loans Program was built for. So …

E Myth Review and Summary

Review & Summary – E-Myth & The Turn-Key Revolution

First Financial Franchise Purchase, Starting a Business

Shockingly, 80% of start-ups still end in miserable failure. This statistic has been completely understandable throughout the years because businesses are a tricky thing to get right; however, in this day and age with all the information you could ever want and need at your fingertips, why is this figure still so high? The ‘E-Myth’ suggests that most failed businesses …

SBA 7A Loan approval process

What is the SBA 7A Loan Program?

First Financial Franchise Purchase, SBA Loan, Starting a Business, Working Capital

The SBA 7a is a popular loan program that was suspended after reaching the $18.7 billion limit for the year, has finally been renewed. The House of Representatives has approved the bill which will lift the SBA’s lending cap for the largest loan guarantee program to reach $23.5 billion. What is better is that the Senate has also passed the …

advantages to equipment lease financing

Benefits of Equipment Lease Financing

First Financial Equipment Leasing

So, you may be wondering if leasing equipment is better than purchasing business equipment outright? At First Financial, there isn’t a right or a wrong answer to this particular question, because each business has their own way of doing things. If you happen to own a small to medium sized business and want new equipment, it is vital to know …

Advantages and Disadvantages of Working Capital Loans

First Financial Franchise Purchase, SBA Loan, Starting a Business, Working Capital

Securing a loan for working capital is an excellent way to begin generating both capital and growth from your business. To get your business off the ground, capital is essential for covering the financial needs of your daily operations such as payroll or marketing costs. Funds that are available to cover your business’s short term and immediate needs are known …

Women-Led Businesses Benefitting From Loans

First Financial SBA Loan, Starting a Business, Working Capital

In figures released by the National Women’s Business Council (NWBC) in 2007, around 8 million business were owned by women in the US. With around 12% of these employing full-time workers, the average annual revenue was just over $1 million. However, times are dramatically changing and it is thought that total revenue for women-led business has now reached $1.2 trillion. …

SBA Loans – A Complete Guide

First Financial Franchise Purchase, SBA Loan, Starting a Business, Working Capital Leave a Comment

What Are They?  SBA, or Small Business Administration, is a government agency that helps to provide a guarantee to banks and lenders in order to achieve a loan for a business; it is important to note that it is not the agency itself that hands out loans. A loan of this type is helpful for both the bank and the …