Hey! If your business has at least a year of history and revenue, you may qualify for a small-business loan. Here are three types of small business loans:

1. The SBA loan program works with banks to offer low interest rates and long-term repayments. This loan is good for large investments such as purchasing real estate or equipment.
2. A business term loan is up to $500,000 and can have a short-term repayment plan of 6 to 12 months or a long-term loan plan ...

Hey! If you’re in your 20s, don’t underestimate how valuable it is to start saving money for retirement now. It’s never too late to start saving, but people in their 20s are at the prime age to maximize the benefits of time, including capitalizing on compounding interest.

Here are 4 tips to help you start growing your money in your 20s.

1. Employers. Some employers offer to match 401ks. If possible, put in the maximum amount to get the maximum out of your ...

Hey! Did you know that financial stress is one of the biggest impacts to employee performance?

According to a recent study, financial stress can impact your workforce in a wide variety of ways, ranging from increased absenteeism and tardiness to decreased productivity, even to physical health issues such as ulcers, anxiety, and heart problems.

So, what can you do to address this stress as an employer?

Many organizations now offer financial wellness programs that help teach employees to better manage their money — ...

Hey! Did you know that saving for retirement is as easy as 1-2-3?

1. Start early. If you start saving at age 25, your nest egg could look like this. But if you wait until you are 35, if could look like this. Big difference.

2. Be consistent. Save every month, no matter what. It is ideal to save part of every paycheck for retirement, but if that’s not possible, put some amount aside every month or several times each year.

3. Let ...

Hey! Did you know that Southern Bank offers an easy way to make saving automatic?

Here’s how it works, in three easy steps.

Step 1. Enroll. Stop by any Southern Bank location to have a representative enroll your checking and savings accounts in the Savings Made Simple program.

Step 2. Shop. Shop as you normally would using the Southern Bank debit card tied to your checking account.

Step 3. Save. Each time you make a purchase with this debit card, the purchase price will be ...