Blog

Planning Ahead for Small Business Financing in 2023

February 15, 2023

The New Year inevitably brings with it predictions for the year ahead, including many about the future of small businesses in the US. Though, unsurprisingly, inflation, staffing and supply chain pressures are expected to persist, according to the experts, small business owners could also face additional obstacles related to securing financing in the year ahead.

Keep Reading >

Coming Up With Ways To Maximize Your Down Payment

January 5, 2023

After a year of skyrocketing home prices and high interest rates, many potential homebuyers who spent years saving up for a down payment have put their dreams of owning a home on hold. While many remain on the sidelines waiting for conditions to improve, when it comes to getting the most out those savings, there may be no better time than the present to act.

Keep Reading >

Monitoring Your Credit Score With Our Credit Manager Tool

December 21, 2022

Your credit score is an important piece of your overall financial health puzzle. This three-digit number is a representation of your creditworthiness based on your credit history. It helps determine what loans you qualify for, the interest rates you will pay, what your credit limits will be and more.

Keep Reading >

The ABCs of a CD (Certificate of Deposit)

December 8, 2022

When it comes to finding the best savings account to meet your long and short-term needs, there are many options, one of which is a Certificate of Deposit (also known as a CD). CDs were once a paper document from a financial institution that served as proof that your funds were being held in a bank for an agreed-upon amount of time. Though we’ve come a long way from paper receipts, CDs generally still work the same way.

Keep Reading >

Give a Financial Gift This Holiday Season

November 16, 2022

With the guidance of an expert at a trusted financial institution, you can find a gift for friends and family members of all ages that can improve their financial position, increase their financial knowledge, bring them one step closer to realizing a long- or short-term goal, or simply ensure they are better prepared for whatever the future holds. If you’re considering a financial gift this year, we’ve compiled a list of options to consider, each guaranteed to make this holiday season happier than ever.

Keep Reading >

The Basics of Business Acquisition Loans

October 25, 2022

As Baby Boomers approach retirement and after two years of increased burnout resulting from the Pandemic, experts are expecting to see significantly more business owners opting to sell. For those looking to become an entrepreneur while avoiding much of the risk associated with starting a completely new business, there could be no better time than the present.

Keep Reading >

Money Market Savings Accounts: Pros and Cons

September 21, 2022

When looking for ways to maximize the money you’ve worked hard for, you should always make sure you’ve selected the best savings account for your short- and long-term goals. Though there are many options to choose from, one of the most popular is a money market account, which allows you to save safely while earning a competitive annual percentage yield (APY) and provides easy access your money for unexpected expenses.

Keep Reading >

Should a Second SBA Loan Be Your First Choice for Additional Funding?

September 7, 2022

Small Business Administration (SBA) loans are typically the best financing options for small business owners looking to start or grow their business. They are backed by the SBA and come with various loan amounts, low interest rates, flexible spending options, and extended repayment periods. And while many owners have turned to financial institutions such as BayFirst for a small business loan since the SBA was established in the 1950’s, not all are aware that they can have multiple should their business require it – but there are some qualifications.

Keep Reading >

Hashing out the Differences Between a HELOC and Home Equity Loan

August 31, 2022

While many recognize both home equity loans and home equity lines of credit (HELOCs) are available, not all are aware of the differences between the two and which is best for their specific needs. To help, the personal loan experts at BayFirst have created the below HELOC vs. Home Equity Loan cheat sheet to use when you’re ready to maximize the value of your home to tackle your next project or cover an expense.

Keep Reading >

8 Myths About Small Business Loans

August 3, 2022

While most are aware of the Small Business Administration (SBA) and the loans it funds to provide small business owners the capital they need to start or expand their businesses, many misperceptions exist about SBA loans themselves – from eligibility requirements to applying, terms, uses and more. To help set the record straight and ensure business owners understand how an SBA loan can provide financing they wouldn’t otherwise qualify for, the SBA lending experts from BayFirst have pulled together (and debunked) the top eight myths about SBA loans below.

Keep Reading >

Categories