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Working Capital

Shuttered Venue Operators Grant: Should You Apply?

5 minute read

February 15, 2021

The coronavirus has taken a toll on a variety of businesses including Shuttered Venue Operators (SVOs) like movie theaters, performing arts venues, and art museums. That’s where the Small Business Administration (SBA) Shuttered Venue Operator...

ACH Transactions: What Businesses Should Know

5 minute read

February 12, 2021

Back before Venmo, PayPal, and Quickbooks, wire transfers and charge cards were the cutting edge of payments technology. Then in 1972, the Automated Clearing House (ACH) was established to process domestic payments.

Collateral Coverage Ratio: What You Should Know

5 minute read

February 10, 2021

Collateral is an asset you pledge in order to secure a loan from a financial institution. Types of collateral may include real estate, inventory, or equipment. If you default on your loan, your lender typically...

4 Reasons to Consider a Second Draw PPP Loan

5 minute read

February 9, 2021

While they weren’t without controversy, Paycheck Protection Program (PPP) loans helped many small businesses that were struggling due to the COVID-19 pandemic. However, once the money ran out, millions of other small business owners remained...

How to Select the Right Minority Business Loans and Grants

5 minute read

January 31, 2021

Minority-owned businesses in the United States generate more than one trillion dollars in annual revenue. Therefore, if you’re a minority business owner, you’ve played a critical role in the success of the U.S. economy.

PPP Loan Forgiveness: What You Should Know

5 minute read

January 22, 2021

In response to the coronavirus pandemic, the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) in April 2020. It was part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The goal...

How to Apply for Bridge Financing

5 minute read

January 22, 2021

As a small business owner, you may find yourself needing funds to cover costs for a short time before you can secure permanent financing, improve cash flow, or receive customer payments.

Should You Pay Off Your SBA Loan Early?

5 minute read

January 19, 2021

If you’ve secured an SBA loan, congratulations! You’ll reap a variety of benefits including a lengthy repayment period.

What Are The Top Pros and Cons of Payroll Business Loans?

5 minute read

January 19, 2021

Failing to pay employees on time and in full comes with serious consequences. As a small business owner, you could face lawsuits, legal actions, fines, a tarnished reputation, and damaged employee relationships. Therefore, it’s smart...