Free email services like Google and Yahoo may seem great at first, but the bad outweighs the good when it comes to professional use. The two biggest concerns when using these services are professionalism and security.
On the BETTER side of life
Below is a comparison of the two SBA relief programs that are available in response to the Coronavirus pandemic. This is intended to be a high-level, easy-to-understand comparison.
|Economic Injury Disaster Loan (EIDL)||Paycheck Protection Program (PPP)|
|Who will give me my loan?||The loan will be directly with the SBA.||As a qualified and preferred SBA lender, First Reliance Bank can make the loan.|
|How much can I borrow?||The maximum loan amount under the EIDL is $2 million.||The lesser amount of:
Your Avg. Monthly Payroll* Costs x 2.5
– or –
*Payroll includes salaries, commissions, tips, certain employee benefits (including health insurance and retirement benefits), state and local taxes and certain types of compensation to sole proprietors or independent contractors. Payroll costs specifically exclude employees who are compensated at $100,000 or greater, foreign employees, FICA and income tax withholdings.
|What is the annual interest ...|
Every year, millions of seniors fall victim to financial fraud. Studies show elder financial abuse costs seniors approximately $2.9 billion each year. In recognition of World Elder Abuse Awareness Day on June 15, First Reliance Bank is urging older customers and their trusted caregivers to safeguard all personal information and stay alert to the common signs of financial abuse. “Fraudsters often prey on seniors experiencing cognitive decline, limited mobility and other disabilities that require them to rely more heavily on others for help,” said Rick Saunders, President and CEO. “Appointing someone you know and trust to handle your financial matters aids tremendously in the fight against these crimes.” First Reliance Bank is offering the following tips:
- Plan ahead to protect your assets and to ensure your wishes are followed. Talk to someone at your financial institution, an attorney, or financial advisor about the best options for you.
- Carefully choose a ...
Many home buyers today are looking for home automation that integrates smart devices and technology to make their lives easier and more comfortable. Smart technology ranges from remotely controlling the temperature of your home to seeing what's inside of your refrigerator while you're at the store. The bathroom is an important room in your home, so let's look at five areas where smart technology can elevate your bathroom experience.
After some well-deserved indulgence, it's now time to refocus on all that you want to do in 2020. And while we can't help knock off any of that holiday weight you might have gained, we can help you set yourself up for healthy financial goals.
Sticking to a budget during your holiday shopping can be a nightmare, but it is doable. The trick to it is to have a bit of foresight, and planning. If you're just buying whatever, whenever, then of course you're going to over spend. Now, let's go over some tips for sticking to your holiday spending budget that will help you to not only not overspend, but to also manage your purchasing habits more wisely going forward.
The holidays can put an emotional and financial strain on families, and American consumers know all too well, how just a bit of overspending can have consequences long after that holiday spirit has worn away. With that in mind, here are a few ways to reduce your holiday spending before, during, and after the holiday season.
Make this your best Holiday Season ever!
Growing a business is an exciting and demanding experience. Business owners are generally determined and studious, and this dedication can help them learn the ropes about how to handle a company’s books. When the business begins to grow, things get a little more challenging. Taking and making payments at various locations can become more important, and you may also be required to manage larger amounts on a regular basis. Business banking programs like the one at First Reliance Bank offer features that most organizations need during expansion.
Features of Business Banking
Companies that have moved beyond the startup phase need to upgrade their bank account. Luckily, business options come pre-loaded with the perks growing organizations need. The first is 24/7 access to money. Business owners often work odd hours and find themselves handling tasks from multiple locations. Constant access to accounts, combined with a wide network of ATMs, makes it easier ...
With various ways to store your money, choosing the right account for your emergency savings, baby fund, or college fund can be a challenging task. Two popular accounts are the standard savings account and money market account. To help clarify some distinctions between the accounts, we have broken down what’s different and what’s similar between the two.