Archive - January 2025
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The Beige Book: Summary of Commentary on Current Economic Conditions by Federal Reserve District from November 2024
January 9, 2025
Categories: Commercial Loans, Community Banking, Community Banking Advocacy, General
For more in depth information regarding this article, download the entire report here. What is the Beige Book? The Beige Book is a Federal Reserve System publication about current economic conditions across the 12 Federal Reserve Districts. It characterizes regional economic conditions and prospects based on a variety of mostly qualitative information, gathered directly from each District’s sources. Reports are published eight times per year. What is the purpose of the Beige Book? The
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Mastering the Basics of Business Budgeting
January 9, 2025
Categories: Commercial Loans, Community Banking, Community Banking Advocacy, General
Happy New Year all! We hope you enjoyed the holiday season with family and friends. In our previous commercial blog post, we discussed how to apply for a small business loan and what the application process involves. Today, given that it is the beginning of a new year, we will discuss how to develop a budget. The budgeting process varies depending on the size and needs of your business. For larger entities, you will likely work within your accounting software and with your accountant. For smaller
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