Five Star Bank’s Post

As we navigate the challenges posed by the recent tragedy closing the Francis Scott Key Bridge, it's vital that our business community has access to the resources needed to mitigate this impact. The Maryland Department of Commerce has curated a selection of resources specifically designed to support businesses during this time. These resources offer financial guidance, operational support, and strategies for resilience to help our local businesses withstand this unexpected hurdle. Whether you're seeking immediate assistance or long-term recovery strategies, there's something to aid every affected business. Explore the available resources here: https://lnkd.in/entBYwkS #BusinessRecovery #FrancisScottKeyBridge #MarylandBusinessSupport #CommunityResilience #MarylandManufacturing

A new report from MassINC Policy Center and P2 Advisors LLC finds that Massachusetts' community finance sector — including federally certified CDFIs and CDCs— more than doubled its financing to small businesses in recent years. However, it trails behind other states and will struggle to sustain growth as federal funding wanes. The analysis draws on a detailed survey of the 22 CDFIs and CDCs, including Mill Cities Community Investments. According to Glynn Lloyd, the Executive Director of Mill Cities Community Investments, these new research findings really underscore the potential: "With additional funding, there's an even bigger bang for the buck here in Massachusetts, because CDFIs are the gift that keeps giving. When our customers pay us back, CDFIs continually recirculate those funds and lend them back into the most needed areas. That cycle helps drive growth for small businesses, while at the same time ensuring our commonwealth achieves greater equity." Access report here - https://rb.gy/a3r2hl

If one of your #resolutions is to improve your savings, Weld Community Credit Union has lots of options! There’s the savings account, which offers you a basic interest rate in return for full access to your money. Share certificates offer much higher rates, but you have to agree to put the money invested away for the term of the certificate. Saving tips: Set up automatic monthly transfers from your checking account to savings account. Set clear goals for both long- and short-term savings. Create a timeline for your savings. Build an emergency fund with three-to-six months’ worth of living expenses. Make this the year you master your savings! Use the tips here to choose the perfect place for your funds and get your money working for you! #PeopleHelpingPeople #CreditUnions #CUDifference #WeldCounty #Community #local #Hometown #myGreeley #NOCO

Did you know there are special loan programs available to promote business growth in rural markets? At M&T Bank, we proudly partner with the United States Department of Agriculture to support businesses in towns or cities with less than 50k residents to secure affordable financing for growth, acquisition, construction, debt refinance, and more with a USDA Business and Industry loan. Does this sound like an opportunity for you? Let’s chat about how I can help you reach your business goals. #RuralBusiness #AffordableFinancing

Did you know there are special loan programs available to promote business growth in rural markets? At M&T Bank, we proudly partner with the United States Department of Agriculture to support businesses in towns or cities with less than 50k residents to secure affordable financing for growth, acquisition, construction, debt refinance, and more with a USDA Business and Industry loan. Does this sound like an opportunity for you? Let’s chat about how I can help you reach your business goals. #RuralBusiness #AffordableFinancing

Did you know there are special loan programs available to promote business growth in rural markets? At M&T Bank, we proudly partner with the United States Department of Agriculture to support businesses in towns or cities with less than 50k residents to secure affordable financing for growth, acquisition, construction, debt refinance, and more with a USDA Business and Industry loan. Does this sound like an opportunity for you? Let’s chat about how I can help you reach your business goals. #RuralBusiness #AffordableFinancing

Families Handling Estate Plans: Check out the post by Mr. Wonderful today wherein he explains he's not giving money to his kids even though he is really able to provided for them. Families may handle their estate distributions by using "vales-based" distributions, such as graduating college, starting a business or other values important to the Grantor, instead of the typical "age-based" distributions which would occur as they reach certain ages. This guidance could create more lasting success for our country and your family. #estateplanning #wealthmanagement #livingtrust #professionaldevelopment

How can Five Star Bank help you? 

Did you know there are special loan programs available to promote business growth in rural markets? At M&T Bank, we proudly partner with the United States Department of Agriculture to support businesses in towns or cities with less than 50k residents to secure affordable financing for growth, acquisition, construction, debt refinance, and more with a USDA Business and Industry loan. Does this sound like an opportunity for you? Let’s chat about how I can help you reach your business goals. #RuralBusiness #AffordableFinancing

Did you know there are special loan programs available to promote business growth in rural markets? At M&T Bank, we proudly partner with the United States Department of Agriculture to support businesses in towns or cities with less than 50k residents to secure affordable financing for growth, acquisition, construction, debt refinance, and more with a USDA Business and Industry loan. Does this sound like an opportunity for you? Let’s chat about how I can help you reach your business goals. #RuralBusiness #AffordableFinancing