Small Business Checkpoint: striking a balance

Small Business Checkpoint: striking a balance Outstanding loan balances might put pressure on credit card use Recent surveys suggest that rising small business loan balances are increasing due to firms slowing repayments rather than taking out new loans. The most recent Small Business Lending Survey from the Federal Reserve Bank of Kansas City showed outstanding [...]

2024-03-17T10:13:19-04:00Mar. 15, 2024|

Patents increase nearly 70% in five years

Patents increase nearly 70% in five years Bank of America announced a record year for its patent portfolio, which has grown to nearly 6,600 granted patents and pending patent applications - a year-over-year increase of 13%, and an increase of nearly 70% since 2019. A record 644 patents were granted to the company last year, an increase [...]

2024-03-11T15:59:36-04:00Mar. 8, 2024|

Bank of America delivers $7.1 Billion in home financing

Bank of America delivers $7.1 Billion in home financing Bank of America Community Development Banking (CDB) today announced that it provided $7.1 billion in debt and equity financing last year to help build strong communities through affordable housing and economic opportunities across the United States. This financing helped create and preserve 11,000 housing units for [...]

2024-03-01T11:29:52-05:00Mar. 1, 2024|

How Treasure Coast Small Business Owners Can Find Success in 2024

How Treasure Coast Small Business Owners Can Find Success in 2024 The most successful companies will be those with leaders who are keenly versed in knowing costs structures, focused on core competencies and understand the market. These fundamental skillsets can equate to successful bottom lines, regardless of your specific industry or economic conditions. As the new [...]

2024-02-22T14:09:26-05:00Feb. 22, 2024|

Report finds 401(k) account balances increased 15% in 2023

Report finds 401(k) account balances increased 15% in 2023 Bank of America Retirement and Personal Wealth Solutions, in partnership with Bank of America Institute, released its fourth quarter 2023 Participant Pulse (MAP6212241), which found that average 401(k) account balances rose 15% to $86,280 in 2023, increasing from $75,045 at the end of 2022, due to a combination [...]

2024-02-08T14:26:40-05:00Feb. 8, 2024|

Report shows fewer prospective homebuyers willing to wait for a better market

Report shows fewer prospective homebuyers willing to wait for a better market Prospective homebuyers’ patience may be waning, with fewer willing to wait until home prices or interest rates come down to purchase a home, according to new data from the Bank of America Homebuyer Insights Report (PDF). Today, 62% are willing to wait for prices and/or [...]

2023-12-11T17:41:44-05:00Dec. 7, 2023|

Research calls 2024 “The Year of the Landing”

Research calls 2024 “The Year of the Landing” Few have experienced today’s macro uncertainty in their lifetime, and investors have underappreciated and underpriced its impact. The recession that many expected in 2023 never arrived.  Inflation rates peaked in the fall of 2022 in many geographies and disinflation continued throughout 2023, despite economies being generally stronger [...]

2023-12-01T03:55:15-05:00Dec. 1, 2023|

BofA doubles Support for Veteran Loan Fund

BofA doubles Support for Veteran Loan Fund Bank of America is seeding a second round of financing for Veteran Loan Fund, doubling a two-year-old commitment that has already funded more than 500 small businesses built by former military personnel that have created or retained more than 3,000 jobs across 37 states. The fund’s first $15 [...]

2023-11-10T08:15:30-05:00Nov. 10, 2023|

Spontaneous family wealth discussions and decisions can lead to regrets

Spontaneous family wealth discussions and decisions can lead to regrets Nearly four in five wealthy families have had unplanned discussions about wealth with 26% later regretting it, according to a new study published by the Merrill Center for Family Wealth™, a part of Merrill Private Wealth Management. The research found 33% of families increased family [...]

2023-11-03T07:46:04-04:00Nov. 3, 2023|

BofA second annual More Rewards Day 

BofA second annual More Rewards Day  Bank of America announced it will celebrate clients on Thursday, November 9, 2023, with its second annual More Rewards Day – a single day during which bank credit cardholders can earn even more rewards on their purchases. Consumer and Small Business cardholders earned approximately $25 million in extra rewards during More Rewards [...]

2023-10-26T10:57:45-04:00Oct. 26, 2023|
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