2020 threw a major curve ball to the entire world, with small businesses especially hard hit by pandemic-related economic challenges. Now, as Virginia moves into the third phase of reopening, local small businesses are taking stock of the damage and preparing to bounce back. Here are 10 things to check off your to-do list to […]
Before you can make the transition from renting to owning your home, you might need to have a substantial down payment, typically 5 to 20 percent of the homeโs value. The American Bankers Association suggests the following tips to help save for it: Develop a Budget & Timeline Start by determining how much youโll need […]
F&M Bank announced today that it has processed more than 600 loans totaling approximately $60 million under the Small Business Administrationโs Paycheck Protection Program (PPP) to help local small businesses support payroll and related costs, saving numerous jobs within the Shenandoah Valley. The average loan size was approximately $95K as of May 26, 2020. The […]
Are you a farmer or rancher whose operation has been directly impacted by the coronavirus pandemic? The Coronavirus Food Assistance Program (CFAP) will provide direct relief to producers who faced price declines and additional marketing costs due to COVID-19. USDA is now taking applications for the CFAP. As part of applying for the program, youโll […]
Thank you for choosing F&M Bank to process and service your Paycheck Protection Program (PPP) loan. We hope the funding has positively impacted your business and provided a sense of financial security amid crisis. Your small business makes our community a better place to live, work and play, and it was a great honor to […]
The global Coronavirus pandemic is an unprecedented experience for Americans alive today. Itโs natural to feel a lot of anxiety about the future, including the future of your portfolio. Luckily, market volatility is not unprecedented. In this article, weโll apply the lessons of previous market downturns to help you develop a sensible economic outlook for […]
Weโve seen our local business community quickly adapt from traditional storefront sales to curbside or online commerce. Your creativity is contagious and your passion for your craft deserves recognition! Interested in aย blog postย for your local business? This week, we spend a few moments talking with Karen Poff, Senior Extension Agent and Manager of the Virginia […]
F & M Bank Corp. (OTCQX:FMBM), parent company of Farmers & Merchants Bank, announces three branch closures, its financial results for the first quarter ending March 31, 2019 and first quarter dividend to shareholders. F&M Bank Corp. has worked diligently during the COVID-19 global pandemic to meet the needs of our customers by providing Paycheck […]
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