How Do Small Business Owners Spend Their Time?

Recent surveys give us insight into how small business owners use their time. One thing everyone agrees on? There’s never enough of it.

How Do Small Business Owners Spend Their Time? [INFOGRAPHIC]

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What is the SBA? If you have a business plan but are having trouble acquiring a bank loan, consider reaching out to the Small Business Association (SBA). The SBA is a government-affiliated organization that provides small businesses with a variety of finance programs. The SBA can help facilitate a loan for you with a third-party lender. What is the SBA? Many people opening a new business may not yet be familiar with the SBA. It’s an agency backed by the federal government that helps entrepreneurs and small business owners access starting capital, and under some conditions approval is guaranteed. In order to help people start or expand their businesses, the SBA partners with a network of lenders to help provide loans, contracts, and other forms of financial assistance. SBA Loan Basics If you’re a small business owner having trouble qualifying for a traditional loan, the SBA offers various different loan programs, each designed for a specific purpose. If you’re starting or expanding your business, consider the following loan programs: Basic 7(a) Program Certified Development Company (CDC) 504 Microloan If your business has suffered an economic loss or physical disaster, consider a: Disaster Loan Veteran and Military Community Loan In addition to those programs, there are also: Export Assistance Loans Special Purpose Loans How First Bank SBA Can Help A lot of business owners just starting out use the First Bank SBA option so they can stop worrying about money and focus on work. Here are the ways our SBA loans help you get off the ground: Acquisition There’s often less risk involved when acquiring a business than if you’re starting from scratch. First Bank gets you the financing you need while providing guidance worthy of an acquisition partner. Refinance Debt For business owners who are refinancing, First Bank will properly evaluate your loan and give you the best plan moving forward. Succession Whether you’re taking over the family business or buying into a new opportunity, First Bank provides business owners with clear guidance and thoughtful planning. Need help figuring out which loan program best fits your financing needs? Talk to the experts at First Bank to discuss loan types and SBA lenders in your area and to get the application process started right away. ———- Sources: Small Business Association: sba.gov/loans-grants/see-what-sba-offers/what-sba-offers-help-small-businesses-grow SBA.gov 7(a) program: sba.gov/loans-grants/see-what-sba-offers/sba-loan-programs/general-small-business-loans-7a/7a-loan-program-eligibility SBA.gov: sba.gov/loans-grants/see-what-sba-offers/sba-loan-programs/loan-programs Loans Subject 3 min read

Best Small Business Bank – Albemarle, NC If you’re looking for the best small business bank in Albemarle, NC—the search stops with First Bank. As a local bank, First Bank has a reputation for being an instrumental part of small businesses. Our proven history of small business lending combined with our variety of options for helping manage business funds makes First Bank the best small business bank in Albemarle and one of the best you’ll find anywhere. Better Business Banking First Bank offers top notch business features, such as: Business loans Commercial mortgages Credit cards Free financial wellness programs for your employees Business savings accounts Check fraud prevention and payment processing SBA loans Success Stories Happy Kids Development Center, a childcare facility in Wilmington, NC, made the switch to First Bank for their banking needs. Happy Kids raves about First Bank’s top notch customer service, stating, “the word ‘no’ has not been built into their vocabulary.” Contact or Visit Us Today First Bank opened its doors for the first time just 20 miles from Albemarle in 1935 and began helping local farmers and small businesses manage their money in a time when every penny mattered. It is this foundation that has allowed First Bank to grow into the best small business bank that it is today. Contact or visit one of our two Albemarle, NC locations to see how we can help your business thrive. Albemarle Eastgate Branch 1910 East Main Street Albemarle, NC 28001 704-982-4949 HOURS | GET DIRECTIONS → Albemarle Highway 52 Branch 2317 Highway 52 North Albemarle, NC 28002 704-982-6060 HOURS | GET DIRECTIONS → Loans subject to credit approval. 2 min read

Small Business Startup Loans in North Carolina If you have a good idea and a little bit of business savvy, a small business startup loan can serve as the cornerstone to your fortune. Whether it’s a traditional business loan, credit line, commercial mortgage, construction loan or business credit card, First Bank* can provide the foundation you need to become your own success story. Sign up for a free small business financial consultation with one of our experts or visit your nearest North Carolina First Bank to learn more about a small business startup loan. Small Business Loans from First Bank First Bank’s small business startup loan offerings include: Lump-sum loan to finance equipment or vehicles Business credit card for all those everyday business expenses Business line of credit for continued borrowing Commercial mortgage so you can buy the business space of your dreams Construction loan for starting from scratch or renovation projects Learn more about how First Bank’s small business start up loans can help you succeed. Using a Loan to Start a North Carolina Small Business Our support for small businesses extends well beyond startup loans. Utilize our Financial Education Center to read about valuable information for small business owners including: How to evaluate a location for business potential. Tips for marketing a small business and social media strategies. Common cash management mistakes and how to avoid them. How to utilize Google to help new customers find you. Ways to thank your customers and cultivate loyalty. How to gather customer data. Come to First Bank for a small business startup loan and turn your idea into a success story! Contact us or stop by a North Carolina First Bank location near you. For even more information on First Bank, read our articles on what’s required to open a business checking account, construction loans in North Carolina, and small business credit card comparisons. Loans subject to credit approval. ——— Sources: Small Business: http://smallbusiness.chron.com/definition-business-loans-1902.html 2 min read

Need Online Payroll Services Nearby? Trust Your Local First Bank Going green isn’t only good for the environment. If you’re a business owner, turning your business into an eco-friendly venture could help you save money and attract more customers. By cutting costs in certain areas, you can spend more money focusing on things like marketing and employee growth, or just make more of a profit. Customers also love to support green businesses, and it could help your reputation to show that you care about more than your own personal success. If you own a business and want to make it more environmentally friendly, switching to online payroll services is a good place to start. Eliminating paper checks and the need for a bookkeeper can help you cut down on paper costs and save a few trees in the process. If you are ready to make the switch, you may be looking for online payroll services near you. Look no further than First Bank. We offer a variety of online payroll services sure to meet the needs of you and your business. Reduce Your Business’ Carbon Footprint With Top Payroll Companies Near You End your search for online payroll services near you at First Bank. We offer a Payroll Direct Deposit service, as well as Everywhere Electronic Payments that enable you to cut costs and reduce your carbon footprint. With First Bank’s Payroll Direct Deposit services you won’t have to play your employees by check. You will be able to deposit pay directly into their checking or savings accounts. You can also use Direct Deposit to expense reimbursements, pension payments, dividends, and other disbursements. Everywhere Electronic Payments give control of your funds until the exact moment you need them. Electronic payments can also be used to disburse funds like direct deposit of payroll, expense reimbursement, royalty payments, or vendor payments. When you provide information electronically, you will reduce the time and expense of writing, processing, and reconciling checks. Lessen your impact on the environment by visiting a First Bank branch today. We have nearly 100 locations in North Carolina and South Carolina, making it easy to find online payroll services near you. ——— Sources: USA.gov: http://www.usa.gov/topics/environment-agriculture/going-green-tips.shtml 2 min read

How Do Small Business Owners Spend Their Time? [INFOGRAPHIC]

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