What You Need to Know About PPP Loan Forgiveness
The Coronavirus Aid, Relief and Economic Security (or CARES) Act that was signed into law in March contains numerous provisions intended to help mitigate the economic damage caused by the coronavirus pandemic on families and businesses.
Coronavirus Aid, Relief, and Economic Security (CARES) Act Updates
April 27, 2020 - The Paycheck Protection Program reopens today amid huge demand.  The initial round of funding under the CARES Act of $349 billion lasted about a week, this round is projected to go much faster.  Below is a summary of new measures implemented for round 2 by the SBA and Treasury
A Letter from, Richard J. Green, Our Chairman and CEO
TO OUR VALUED CUSTOMERS: Together, we are facing a truly unprecedented situation. The global Coronavirus (COVID- 19) pandemic is affecting all of our families, our businesses, our communities, and our way of life. 
Seven Last-Minute Small Business Tax Deductions
There are some things that never change in Philadelphia — like the city’s love of sports, cheesesteaks and pretzels. Unfortunately, there’s another thing that doesn’t change: the need to file your taxes. Here are seven deductions that could help you shave your 2019 small business tax bill:
Defending Against COVID-19 Cyber Scams
While much of the world is working through disrupted routines over the last several weeks, with escalating uncertainty and new anxiety-provoking news each day, cyber actors are using Covid-19 as an opportunity to exploit individuals by conducting phishing attacks and disinformation campaigns. Phishing attacks use a combination of email and bogus websites to trick victims into revealing sensitive information.
Tips to Ensure Safe Access
to Your Finances Amid Growing Health Concerns

At Firstrust Bank the health and safety of our customers and employees is always our top priority. The recent outbreak of the Coronavirus has many concerned about the impact it could have on daily financial transactions. We at Firstrust want to reassure you we have a business continuity plan and have proactively put plans in place to minimize the risk of service disruptions to our customers.
3 Strategies Every Small Business Can Use to Prepare for Tax Season
As both a new year and a new decade, 2020 may be a significant time of change for people across the country. We can be sure one thing won’t change: tax season for most businesses. From January 1 to April 15, businesses will be tasked with reviewing and managing their finances to make sure they can properly submit their taxes without risking penalty.
Forecasting Our Economic Future
The Philadelphia Chamber of Commerce held its annual Economic Outlook breakfast on January 17, 2020. Firstrust Bank celebrated its 10th consecutive year as the event’s title sponsor, and is pleased to be able to share a video of the entire event.
The Devil Is in the Details: Keeping Accurate Books for Success and Survival
This year, Philadelphia saw two major employers file for bankruptcy with the closure of Hahnemann University Hospital and the refinery explosion that led to the subsequent closure of Philadelphia Energy Solutions.
The Business of Reflection and Resolution: Preparing for the New Year
Though we didn’t see another Super Bowl win in 2019, the year was nothing to sneeze at for Philadelphians. We welcomed top free agent Bryce Harper to the Phillies and lined up in droves for Broadway’s award-winning show Hamilton. Plus, Society Hill’s Zahav was named the best restaurant in the country.
4 Reasons Businesses Should
Give Back This Holiday Season

From the awe-inspiring lights at the Philadelphia Zoo to the winter oasis in Dilworth Park, Philadelphians know how to get into the holiday spirit. But the holidays in the Delaware Valley aren’t just about hot cocoa and elegant displays — we also know how to give back.
7 Steps to Secure Your Credit After a Breach
As we read in the news all too often, consumers need to be knowledgeable and vigilant about protecting their personal information from cybersecurity criminals.
Protect Your Customers from
Package Theft and Porch Pirates

Even as the community becomes more aware of theft, so-called “porch pirates” continue to steal packages delivered to Philadelphia porches and stoops at an alarming rate.
Give Thanks: It’s Good Business
With the nickname “the City of Brotherly Love,” one might think giving thanks comes easy for area residents and business owners. In general, Philadelphians are good people who love each other as much as their cheesesteaks, Tastykakes, and Eagles, but a heartfelt thank you is not always part of the area vernacular. 
5 Strategies to Help with Staffing Seasonal Shifts
The infamous Black Friday videos are familiar to all – where customers storm through the doors of big box retailers the moment they open, trampling over each other in search of the latest products. Stores that see moderate traffic all year get flooded with desperate shoppers looking to complete their holiday checklists.
Decking the Halls: How Businesses
Can Prep for Black Friday

As Andy Williams crooned, “It’s the most wonderful time of the year,” – but is it really? For business owners, the holiday season, and its premier shopping day ­– Black Friday ­– can present mixed feelings. Black Friday can jump start sales, but also stress business owners to the core, making them feel Grinch-like as they dread those turkey-stuffed shoppers at their doors.
Cybersecurity: How to Keep
Your Business From Becoming a Victim; Part 2, Protecting Your Business

It’s very important for businesses to have discipline around cybersecurity, including proper training for employees, automated tools for protection, and cyberinsurance. Put effort and energy into understanding that you are a target and there are simple and inexpensive things you can do to protect your business from becoming a victim. 
Cybersecurity: How to Keep
Your Business From Becoming a Victim; Part 1, Knowing The Risks

48% of small businesses had at least 1 cyberattack in 2018. Every business has something that hackers want, and you need to know the risks to keep your business from becoming a victim.
Economic Outlook:
A Look Ahead from 2019’s Midpoint

The economic engine of the U.S. is expected to continue on its track toward expansion despite a recent move by the Federal Reserve to cut interest rates for the first time in more than a decade. While the announcement caused initial discomfort for some, including the U.S. stock market, economic growth is expected to continue through the second half of the year and beyond.
3 Strategies and Tools for Managing Cash Flow Wisely
As most business owners know, success depends on more than the number of products and services being sold. Any business, regardless of its size and industry, also needs to manage its cash flow wisely.
Growing Smart: Scaling Your Business for Success
Despite this uncertainty, when looking at today’s industry giants–Starbucks, Amazon or Apple, just to name a few­—it is clear that taking the time to scale a business the right way at the right time can lead to tremendous growth and more importantly, increased profitability. So, how does a business owner know when to say “go” and how to plot a course?
Part 2: Firstrust Is Greater Philadelphia’s Bank

Today, Firstrust is the largest family-owned commercial bank in the region. Find out how this positioning shapes our approach to continued success in the market, and what it means for customers.

Part 1: What Family Means at Firstrust
Our first interview in a series of conversations with Firstrust Chairman and CEO, Richard J. Green. Our first topic will discuss what family means at Firstrust.
4 Signs It’s Time to Grow Your Business
With record-high expectations and a strong outlook for overall business performance in the upcoming year, how do you decide if it is time to invest in growing your business? Here are 4 signs it may be time to take the plunge and focus on expansion.
Insider Tips to Help You Qualify for a Business Loan
At Firstrust, we know when the time comes to get a business loan, potential borrowers are going to ask one important question: What are lenders looking for when they evaluate my loan application?
Six Questions to Ask Before Getting a Business Line of Credit
Business owners will tell you that cash flow is the lifeblood of any company. And most commonly, a business line of credit from a bank is the IV that keeps that lifeblood flowing.
Is Your Business Prepared for a Cyber Attack
National Cyber Security Awareness Month (NSCAM) held annually in October, is a collaborative effort between government, industry and organizations of all sizes to help small businesses stay safer and more secure online. Firstrust Bank, believes that knowledge is protection! How cyberaware are you and your small business?