By most standards, 2020 will be remembered as one of the more challenging years small business owners have ever experienced. Countless businesses experienced restrictions, lost revenue, and temporary closures that would have been unimaginable in a pre-pandemic scenario. However, amongst the suffering, there were visible reasons for optimism. By Dan Pace

First Financial can help you fulfill your dream of owning a business

By most standards, 2020 will be remembered as one of the more challenging years small business owners have ever experienced. Countless businesses experienced restrictions, lost revenue, and temporary closures that would have been unimaginable in a pre-pandemic scenario. However, amongst the suffering, there were visible reasons for optimism. Consumers rallied around small businesses to ensure they remained as part of the fabric of the community. The Small Business Administration (SBA) stepped up and issued over 5 million Paycheck Protection Program (PPP) loans to allow businesses to retain staff, pay rent, and keep their doors open. On top of that, there was a significant increase in first-time business owners! Those entrepreneurs received over $525,000,000.00 in SBA loans to cover start-up costs and generate working capital reserves.

What does 2021 hold? While there are no guarantees, it is reasonable to expect another round of stimulus in early 2021 and an overall improving environment for small businesses. After a long hiatus, consumers returning to storefronts should encourage ideal conditions to start a new or grow an existing business. Additionally, there is an emerging trend of customers eager to buy local. This trend will likely flourish throughout 2021, boosting in-person sales.

Whether you are ready to start your first business or expand your current business, First Financial is here to help. We have products tailored to fit almost any business need.

  • Our Express Loan is perfect for a start-up and can close in as little as 35 business days
  • Capital infusion loans for existing businesses
  • Acquisition/Resale, and Commercial Real Estate loans are available
  • Equipment Leasing, Merchant Services, and 401(k) rollovers can be tied to any loan

First Financial’s wide array of products coupled with our Google acclaimed 5-Star service will meet most funding needs and our team will make navigating the loan application process easier and faster than you ever imagined.

For those who no longer want to simply ‘dream’ about owning their own business, 2021 could create some of the most favorable conditions we have seen in years. If you have decided you are ready to join the ranks of the entrepreneurs, First Financial stands ready to assist.

– Dan Pace

Dan Pace is co-founder of First Financial Leasing & Finance and has over 30-years in the lending industry.  He has a true passion for entrepreneurship and helping others achieve their dreams of business ownership. Dan and First Financial cut their teeth in the leasing space but now offer a full range of lending products including SBA, Rollover, Commercial Real Estate and Working Capital loans. For more information on franchise lending options, please contact info@ffcash.net, or visit ffcash.net.