New Head Of SBA

First Financial Starting a Business

"I am pleased to announce that Jovita Carranza will be nominated as the new @SBAgov Administrator. She will be replacing Linda McMahon, who has done an outstanding job," Trump wrote, adding, "Jovita was a great Treasurer of the United States -- and I look forward to her joining my Cabinet!" Trump, in his announcement weekday night on Twitter, praised McMahon ...

Introducing Borsa Plans

First Financial Starting a Business

At First Financial, we believe in establishing a positive relationship right from the beginning. We want to help you succeed in your small business goals. Our range of small business financing options are designed fit your needs. The guidance we offer will connect you with the best financial options to help your business.

Government Shutdown

First Financial Franchise Funding, SBA Loan, Starting a Business

Government Shutdown First Financial will continue to process loans Please be advised that during the Government shutdown First Financial will continue to process loans as if the Government were open! First Financial has been through a few Government shutdowns in the past and because of this they know what they have to do to keep the process moving and be ready …

small business tips

3 Small Business Tips to Help You Fund Your New Idea

First Financial SBA Loan, Starting a Business

If you plan on becoming a small business owner, it’s definitely important that you have a winning idea. Unfortunately, as far too many entrepreneurs have learned the hard way, that’s not going to be good enough. You also need the funding required to bring that great idea to life. 3 Small Business Tips for Entrepreneurs Who Need Funding Don’t worry. …

financing for small businesses

Everything You Need to Know About Financing for Small Businesses

First Financial SBA Loan, Starting a Business

If you’re a small business owner – or about to be – you already know that this job title involves wearing countless hats and juggling just as many priorities. In short, being an owner can be one of the most rewarding jobs in the world, but it’s definitely not without its challenges. Financing for small businesses continues to be a …

sba express

Understanding SBA Express Loans for Small Businesses

First Financial SBA Loan, Starting a Business, Working Capital

Talk to any successful small business owner and they’ll tell you that their accomplishments took more than just a good idea and a lot of passion. Among other things, it takes a lot of capital. Even surefire ideas need serious funding to get off the ground. 4 Reasons to Consider an SBA Express Loan for Your Small Business The best …

Funding Wonder to Launch FINRA Regulated Crowd Funding Platform

First Financial Crowd Financing, Crowd Funding, Franchise Purchase, Starting a Business, Working Capital

The Online Lender will be Among the First to Offer Investments in Business Loans to Non-Accredited Investors. Funding Wonder Crowd, LLC, the operator of an online lending platform focused on small business loans, has been approved by FINRA (the Financial Industry Regulatory Authority) as a licensed Regulation Crowdfunding Funding Portal. This means that anyone aged 18 or older will now be able to …

considerations when financing your business with a 401K rollover

Considerations when rolling over your 401K into a business

First Financial 401K Financing, Franchise Purchase, SBA Loan, Starting a Business, Working Capital

Risks Involved Employing your 401(k) to finance your start-up venture comes with some pretty high risks. We’ve outlined some of the most obvious risks below to help you make a well-informed decision.  Before we know continue, know this… Many business and franchises have been started using 401K rollover financing.  Despite the commonness and acceptance of this financing options, their are …

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 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. …