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Archives: August 2019

Finding a Healthy Burn Rate

Did you know that 29% of startups fail because they run out of money? That’s why it is critical to understand what your company’s burn rate is, why it is what it is, and how spending levels will inevitably change as your company grows. Let’s start with the basics from Investopedia: Burn rate is typically used to describe the rate at which a new company is spending its venture capital to finance overhead before generating positive cash flow from operations; it is a measure of negative cash flow. Burn rate… Read More >

Aug. 21 2019 | Posted in Business, Cash Management, Growth & Capital

6 Tips for Saving for Your Down Payment

You’ve decided you want to buy a home – congratulations! You will need between 5-20% of the home’s value as a down payment. Here are our tips to help you save up for a down payment on your dream home. Set up a separate savings account Open a separate savings account exclusively for your down payment and have your monthly contributions deposited automatically. This money will be ‘out of sight, out of mind,’ meaning you’ll be less likely to spend it. Develop a timeline and budget  First, figure out how… Read More >

4 Common Money Mistakes and How to Avoid Them

Do you have a handle on what you’re spending and saving each month? Are you hiding from debt collectors? This article highlights common money mistakes you might be making. Read on to learn how to avoid the 4 most prevalent financial missteps. Not Having a Budget Do you know where you are spending your money each month? Do you know where you might be wasting money? If your answer is no, then you need a budget! Having a budget makes you more aware of the money you’re spending. It helps… Read More >

Aug. 21 2019 | Posted in Personal, Saving & Budgeting


BRANCH LOBBY REOPENING SCHEDULE

Pinnacle Bank will begin a phased-in approach to reopening our lobbies while maintaining essential protocols such as social distancing, limiting the number of customers in the branch and frequent sanitization.

May 11 – Lobbies at all Pinnacle Bank branches, except Braselton, our two Gainesville branches and SB&T branches in Cornelia, Clarkesville, Blairsville and Dahlonega, will be open. Drive Thru windows are closed but Pinny Live Tellers will handle the Drive Thru at branches where lobbies are open.

May 18 – Lobbies at Braselton, our two Gainesville branches and SB&T branches in Cornelia, Clarkesville, Blairsville and Dahlonega open.

Drive Thru service is handled by Pinny Live Tellers who are available at all Pinnacle branches: 7 AM – 7 PM, Monday – Friday and 8 AM – 2 PM, Saturday.

We appreciate your patience and cooperation during these challenging times. Thank you.