Since monthly payments spread the cost of a mortgage loan over an extended period, it’s easy to forget the total expense. For example, if you borrow $200,000 for 30 years at 6% interest, your total repayment will be around $431,680, more than two times the original loan. What seems like minor differences in the interest rate can add
Individual retirement accounts (IRAs) are tax-deferred, personal retirement plans. You must have earned income to contribute, and you can put money into an IRA whether or not you participate in an employer’s retirement plan. There are two types: the traditional IRAs, to which contributions may be deductible or nondeductible, and the Roth IRA.
By knowing what you’re looking for in an employee and providing incentives to attract skilled candidates, you can create a strong team. Your Role Many businesses, both big and small, offer the following incentives to their employees. First of all, most potential employees look for a company that offers a well rounded
Offering health insurance can benefit you and your employees. Health insurance has changed dramatically in the last few years, which means you'll have to consider various healthcare options. It’s common practice for small businesses to include health insurance in an employee benefits package. And since group plans are generally cheaper than an individual policy,
Creating a strong team is key to your company’s growth. You’ve found an ambitious, hard-working group of employees to help make your business a success. Now your challenge is to create a motivational, exciting, and productive workplace. As an employer, it’s important to stay aware of your employees’ feelings about their jobs, as
Growing a business requires a steady flow of money. Building a business costs money—usually more than you can generate from your operating revenues. Whether you’re adding a new truck to your fleet, building a new housing development, or creating software, you’ll need money to turn these plans into reality. It might help to
The Small Business Administration (SBA) is a US-based institution which helps reduce risk to lenders, making it easier for small businesses like yours to get a loan. Loans backed by the SBA ("SBA loans") provide many benefits to small businesses, including long repayment options with reasonable interest rates. They also help lenders by
Although it’s tempting to believe you can run a business on your own, it’s usually a good idea to get professional help. EXPERT HELP Although it’s tempting to believe you can run a business on your own, it’s usually a good idea to get professional help.Hiring lawyers and accountants can help keep you out of
Buying food is essential, of course, but if you’re not careful, it can also eat into your budget. Reevaluating Costs Reducing your food bill starts by creating a budget. In order to make a change, you need to know what you’re currently spending and set a goal. Once you know how much you
First Southern National Bank, is a member of the FDIC (Federal Deposit Insurance Corporation). But what does that mean for you? What does this mean for you as a customer? Since 1933, no depositor has ever lost a penny of FDIC-insured funds. Today, the FDIC insures up to $250,000 per depositor per FDIC-insured bank.
During challenging times, there are plenty of things everyone can do to help boost the economy. Since most of the conversation about the economy tends to focus on what governments or big businesses can do to help, it can be easy to feel like you have no way to help your community. While
First Southern National Bank is pleased to announce two new hires to join the Bowling Green Branch located at 1214 Ashley Circle. Quinten Curry and Chris Hood, both Warren County natives, will serve the community in Loan and Business Development roles. “We are thrilled to have Chris and Quinten join our Business Development team,” says Rebeca