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NBSB’s Advice on How to Prepare for an SBA Loan

  Loans from the Small Business Administration, SBA, are great solutions for small business owners to start or grow a business. With an SBA loan you can obtain working capital for things like seasonal financing, export loans, revolving credit, and refinanced business debt. You can finance fixed assets like furniture, real estate, machinery, equipment, and construction or remodels. Rick Egan, […]

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NBSB’s Guide to How to Prepare Your Small Business for Tax Season

  Tax season for a small business can be hectic and stressful time. Completing your business’ yearly taxes between the day-to-day running of your business can take a lot of preparation, especially if it’s your first time doing them. So here are some great tips to help you prepare for the tax deadline.   Separate your personal and business finances […]

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North Brookfield Savings Bank’s Tips for Writing a Business Plan

  A business plan is a great way to improve your chances of securing funding for your business venture. Simply writing down your idea and outlining how the business will operate is helpful in ensuring that you communicate your vision and that everyone is on the same page. It will also help you set benchmarks and check your progress as […]

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NBSB Explains Potential Tax Implications for PPP Borrowers

Expenses paid for with the forgiven loan amount not eligible as tax deductions Many businesses were fortunate enough to have received funding through the SBA Paycheck Protection Program in the form of a loan, in order to keep their business afloat and workforce employed during the COVID-19 crisis. However, if you were a PPP borrower who received financing, you should […]

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NBSB Participates in FHLBB Jobs for New England Program

NBSB helps qualifying small businesses to obtain low-interest, below market financing through JNE North Brookfield Saving Bank is participating in the Federal Home Loan Bank of Boston’s (FHLBB) Jobs for New England (JNE) program, which allows The NBSB Business Center to offer below market-rate, low-interest financing for small business loans that create or preserve jobs, expand woman-owned, minority-owned, or veteran-owned […]

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Massachusetts Paid Family and Medical Leave – Notifying Your Employees

Soon to be put in effect the Massachusetts Paid Family and Medical Leave (PMFL) law establishes a system for paid family leave of up to 12 weeks to care for a family member, and up to 20 weeks for your own illness. The tax that pays for the leave pool begins in October 2019, and leave will be available beginning […]

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NBSB Named a Preferred Lender by Small Business Administration

Business owners in Central and Western Massachusetts have been counting on North Brookfield Savings Bank (NBSB) and its team of experienced commercial lenders for a wealth of loan opportunities and support services for years. Now they can take advantage of NBSB’s status as a Preferred Lender for the Small Business Administration (SBA), which can mean faster loan approval. “To be […]

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