Friday, April 26, 2019

5 Tips on How to Pay Off Your Student Loans

Way too many adults are in serious debt due to excessive student loans. A heavy debt such as this can really weigh you down and make it difficult to keep other bills you may have, paid off as well. However, the best bank at the Lake of the Ozarks is here to give you a few tips on how to pay off your student loans. If you are interested in an easy way to keep track of and manage all your bills such as your student loan payments, consider the First Bank of the Lake Mobile Banking App. Learn more and visit our website at www.FirstBankLake.com or give us a call today at 573-348-2265.


5 Tips on How to Pay Off Your Student Loans


 Try to pay more than the required monthly payments.
You'd be surprised how much money you can put toward your student loans that you aren't already putting toward them. If you start paying more than the required monthly payment, then you can pay your loan off faster and hopefully pay LESS interest. Make this your goal.

 Determine your PAY OFF DATE and develop your plan.
Have an end game here, determine what date exactly you will pay your loan off and develop a plan as to how much money you will be putting toward your loans each month to get there, stay organized.

Organize the rest of your bills to where they won't get in the way of paying your student loans off each month.
Online bill pay can be an EXCELLENT tool for this very thing. You can organize your bills to where they are paid at different times of the month which may make it easier for you then paying every monthly bill you have all at the same time.

 Consider ALL living options.
Many college students who have just graduated tend to move back in with their parents for a little while. There is no shame in this if you have the option to do so. This option could mean you are rent free for a while and can give you an opportunity to apply that money toward your student loans. You could end up paying them off much quicker this way as opposed to jumping straight into a monthly rent agreement or mortgage payment.

 Cut back on "unneeded expenses".
Do you absolutely have to go out for coffee each day, shop for new outfits each week, or have dinner out every other night? Most likely the answer is no, so be smart about your money and cut back on things of this nature so you can pay your loans off quicker.


Make Paying Off Your Student Loans Easier and Get Online Bill Pay at First Bank of the Lake


Here at First Bank of the Lake, we want our customers to feel at ease when they manage their bills because they know they have an organized way of doing so. This is why we recommend you look into Online Bill Pay. If you have any questions about how to get this started here, please do not hesitate to give our friendly staff a call at (573) 348-2265.



Want More Awesome Finance Tips? Sign Up For Our Newsletter!
First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway
Suite 100
Osage Beach, MO 65065
(573) 348-2265
at No comments:
Labels: , ,
Location: Osage Beach, MO 65065, USA

Friday, April 19, 2019

3 Seasonal Business Tips for Success

As a bank at the Lake of the Ozarks, we know that there are a great deal of businesses in this area that are seasonal. These businesses are typically attempting to make enough money in the spring/summer season to last them the whole year. That being said, First Bank of the Lake is here give a few seasonal business tips for success. If you are thinking of starting a new small business at the Lake of the Ozarks and are in need of financial assistance, speak with one of our SBA loan officers today. They can be reached by calling (573) 348-2265.

1. Keep marketing your business during the off season.
Even if your business mainly operates during the summer or spring, you can still remain relevant online and throughout your other marketing efforts. For example:
  • You can still make social media posts in the off season, just perhaps not as many.
  • You can scale back your radio ads to perhaps one every 2 months.
  • You can still send out an electronic newsletter, just maybe less frequently than you already do.

2. Consider ways your business can make money during the offseason.
For example, if you own a restaurant at the Lake, but only open from March to August or September, it may be worth considering opening up for a large event that may be taking place during the off season such as a pub crawl or something. You could make enough money during that one night that could result in a hefty profit.

3. Manage the expectations of your seasonal employees.
Make sure your employees know that this is a seasonal position. Some people thrive on having seasonal positions such as bartending positions at lakefront restaurants or beverage cart jobs at golf courses, they may rely on having that spring/summer income in addition to the full time job they already have. It is just important that they are aware of what they are getting into ahead of time.



If you are interested in starting up your own small, seasonal business at the Lake of the Ozarks, then you should consider checking out your SBA loan options.

Here's a quick look at some of the unique benefits that SBA loans can offer.

Long Term Financing
SBA loans offer long-term financing, which helps improve cash flow. In most cases, the loan is for a fixed term and will not have a balloon.

 Low Down Payments
One of the uses of an SBA loan is to provide much-needed funding to businesses who are trying to get off the ground. Consequently, SBA loans often offer loan down payment options to make them affordable to their target market.

 Several Different Loan Options
SBA loans are not "one-size-fits-all." In fact, there are several different types of these loans you can choose from. Your SBA lender at the Lake of the Ozarks will be able to help you determine which is best for your situation.

Want to learn more? Call our SBA loan officers at the Lake of the Ozarks today.

Want More Awesome Finance Tips? Sign Up For Our Newsletter!
First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway
Suite 100
Osage Beach, MO 65065
(573) 348-2265
at No comments:
Labels: , ,
Location: Osage Beach, MO 65065, USA

Friday, April 12, 2019

Get to Know Our Team - Dana Wyrick

Our bank at the Lake of the Ozarks is pleased to be able to continue our monthly blog series this week, titled Get to Know Our Team with our own Dana Wyrick. First Bank of the Lake strongly values our employees and this community bank in Osage Beach wouldn't be where it is today without each and every one of them. Our employees' value what it means to deliver outstanding customer service each and every day to our amazing customers. That is one of the many things that separate us from other banks out there. We enjoy getting to know our customers and we feel you should be able to get to know us a little better too. Each month, we ask one of our employees a series of ten questions to get to know them more. Keep reading to hear the answers Dana Wyrick gave us! For more information on the best bank at the Lake of the Ozarks, visit www.FirstBankLake.com.


Get to Know Our Team - Dana Wyrick


 1. How did you get started in the banking industry?

Left Medical field of 17 years to pursue something different

 2. What is your position at the bank? What are some of your key responsibilities?

Teller/ New Accounts back up person. Customer service, open new accounts, etc.

 3. What brought you to the Lake of the Ozarks?

Wanted to leave California. It felt unsafe for us.

 4. Where did you attend school?

Mt. Diablo High School-Graduated

 5. What do you enjoy the most about your job?

Conversing with customers

 6. How do you enjoy spending your time when not at work?

Love to spend time with family. Reading and enjoy doing crafts

 7. When you were young, what did you want to be when you grew up?

I danced for 16 years. Was being sent to San Francisco Ballet and I got hurt. Ended career.

 8. What is your dream vacation destination? Why?

Anywhere in Mountains. Secluded, quiet, no phones.

 9. What is something few people know about you?

Owned 3 Mayflower moving companies and drove an 18 wheeler

 10. If you won the lottery, what would you do?

I would pay my tithe and donate to an orphanage a friend runs. Retire


Check Out Our New Website!


First Bank of the Lake has a new website, you can still reach it by visiting www.FirstBankLake.com. Once you get there, however now you will find a much more polished and user-friendly website. We have updated our look and are proud to roll this out to our customers. Have questions? Feel free to give us a call today at 573-348-2265.


Want More Awesome Finance Tips? Sign Up For Our Newsletter!
First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway
Suite 100
Osage Beach, MO 65065
(573) 348-2265
at No comments:
Labels: , ,
Location: Osage Beach, MO 65065, USA

Friday, April 5, 2019

EGG-cellent Easter Events at the Lake of the Ozarks

Easter will be here before you know it! This holiday is so amazing and is a celebration of the resurrection of Jesus Christ. This Lake of the Ozarks bank is so excited about this holiday and we love how the community comes together to give festive opportunities for families to be with one another during this time. First Bank of the Lake is your community bank at the Lake of the Ozarks and we don't try to sell you a product you don't need. Our decisions are made in-house, in YOUR community. Keep reading to learn about some EGG-cellent Easter events at the Lake of the Ozarks.

EGG-cellent Easter Events at the Lake of the Ozarks



Osage Beach Easter Egg Hunt
Apr 20, 2019
Osage Beach City Park
950 Hatchery Road
Osage Beach Missouri 65065
Phone: 573-302-7460
Hours of Operation: 11:00 pm – 2:00 pm
  • 50,000 candy-filled Easter eggs spread across the ball fields at Osage Beach City Park. 
  • Kids are divided into four age groups for a crazy fun shotgun start egg hunt! 
  • Golden ticket prizes, face painting, bounces houses, and a free hotdog lunch provided by First Family Church makes for a fun-filled day.

Easter Egg Hunt in the Park
Apr 20, 2019
Laurie Fairgrounds
134 N Fairgrounds Road
Laurie MO 65037
Phone: 573-374-8776
Hours of Operation: 2:00 pm – 3:00 pm
  • The Laurie Easter egg hunt attracts children from tots to teens to find 14,000 eggs "hidden" throughout the fairgrounds. 
  • The Easter Bunny always makes an appearance to the delight of everyone.

Linn Creek Easter Egg Hunt
Apr 20, 2019
Linn Creek City Park
106 East Valley Drive
Linn Creek Missouri 65052
Phone: 573-346-6200
Hours of Operation: 3:00 pm – 5:00 pm
  • Easter Egg Hunt for children of all ages, start time 3:00 pm everyone is welcome
  • Bouncy house
  • Easter Bunny
  • Police presence with vehicles
  • Firefighter presence with trucks

Easter Brunch & Egg Hunt at Captain Ron's
Apr 21, 2019
Captain Ron's Bar & Grill
82 Aloha Lane
Sunrise Beach Missouri 65079
Phone: 573-374-5852
Hours of Operation: 9:00 am – 1:00 pm
Easter Brunch: 9:00 am – 1:00 pm
  • Easter Egg Hunt begins at Noon.



We hope you enjoyed learning more about these Easter events happening around here. Our community Lake of the Ozarks bank is excited to be able to point these out to you. Stay tuned next week for when First Bank of the Lake unveils our next employee in our monthly Get to Know Our Team blog series.


Want More Awesome Finance Tips? Sign Up For Our Newsletter!
First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway
Suite 100
Osage Beach, MO 65065
(573) 348-2265
at No comments:
Labels: , ,
Location: Osage Beach, MO 65065, USA
Subscribe to: Posts (Atom)