Over the past few months, rising interest rates have impacted different aspects of our economy. Additionally, inflation has been higher than in the past and talk of future economic uncertainty has made news. These factors have led to some to say that business lending will be negatively impacted. Recently, one famous TV personality made the […]
Business Loan
Federated Bank: Your Local PPP Source
Almost every business has been negatively affected by the coronavirus pandemic, and many are in dire need of assistance because of it. One way that the government has tried to help struggling businesses is through an assistance program called the Paycheck Protection Program. The Paycheck Protection Program (PPP) is part of the coronavirus relief funding […]
Federated Bank to Open Loan Production Office in Will County
Federated Bank has announced the opening of a new loan production office in Will County. The bank will offer reliable lending and leasing options, including business, personal, and agricultural loans from the office located in Braidwood, which will open in mid-November. In addition to a local lending team, Michael Breisch, Senior Vice President of Lending, […]
How Businesses Benefit from Inventory Financing
Many businesses, including seasonal businesses that experience busy and slow times of the year and businesses with a lengthy manufacturing process, will at some point consider inventory financing. For example, a business that produces holiday gifts could use this type of financing to purchase more items in order to prepare for the expected additional demands […]
Commercial Lines of Credit: A Helpful Financing Option
“You have to spend money to make money.” This familiar quote illustrates the obvious – that it takes money to run a business. It also demonstrates the conundrum that confronts many business owners. Sometimes the money needed to purchase equipment or supplies, rent space, or pay employees is just not there. Yet the expenses must be […]
Things to Consider Before Buying an Existing Business
By Mike Breisch If you are looking at expanding your current business or if you’re wanting to become a business owner, then an investment that is worth considering is buying an existing business. If the purchase of a business is an option you are considering, there are several factors you may want to consider when […]
Member FDIC
Equal Housing Lender