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As the year winds down, it’s the perfect time for business owners to reflect, recalibrate, and prepare for a successful 2026. Whether you're running a small local shop or managing a growing enterprise, financial readiness is key to thriving in the new year.

Here’s a checklist to help you close out 2025 with confidence and start 2026 on solid financial footing:

1. Review Your Year-End Financial Statements

Start by analyzing your income statement, balance sheet, and cash flow reports. Look for trends, unexpected expenses, and areas where you can improve profitability. Reviewing these key documents helps you:

• Spot profit and expense trends
• Flag unexpected costs
• Identify areas for improvement

Tip: Compare year-over-year performance to spot growth opportunities and areas for cost savings.

2. Build or Update Your 2026 Business Budget

Use what you learned in 2025 to create a forward-thinking budget for the new year. Be sure to include:

• Projected revenue goals
• Seasonal highs and lows
• Upcoming expenses or investments
• Emergency savings or reserves

Bonus: If you use a Middlefield Bank business credit card, review your 2025 spending categories to help forecast next year’s expenses.

3. Meet with a Tax Advisor Before Year-End

Now’s the time to check in with your accountant to:

• Maximize any year-end tax deductions
• Review changes in state or federal tax law
• Plan ahead for quarterly tax payments

Tip: Consider opening a Middlefield Bank business savings account to set aside tax funds, bonuses, or large annual expenses and avoid surprises later.

4. Reassess Your Capital and Lending Needs

Is 2026 the year you plan to expand, hire, or upgrade equipment? If so, evaluate your financing options now:

• Review current credit lines or balances
• Explore SBA loan programs
• Consider refinancing existing debt to lower rates

 Middlefield Bank offers tailored lending solutions to help businesses grow confidently, from flexible lines of credit to real estate and equipment loans.

Explore Business Lending Options

5. Set Strategic Goals and Financial Milestones

Clear goals fuel smart decisions. Ask yourself:

• What are our top priorities for 2026?
• Are our systems, tools, and staffing aligned?
• Do we have the financial tools to support future growth?

This is a great time to reflect on long-term goals and make sure your financial strategy matches your vision.

Ready to Make 2026 Your Best Year Yet?

Whether you’re just getting started or ready to scale, Middlefield Bank is here to help your business thrive. From business checking and savings accounts to flexible financing and rewards-earning credit cards, our local bankers are here to help you grow with confidence.

Start your 2026 success plan now:

Open a Business Savings Account

Explore Business Credit Cards and Lending