21 03, 2022

Cannabis Business Loans — Part 1

2022-03-21T22:48:44+00:00March 21st, 2022|Categories: Currently Trending, Line of Credit, Merchant Cash Advance, Small Business Loans, Working Capital Loans|

While more and more cannabis businesses are being recognized as legitimate operations, the path to financing in this industry is still a bit murky. Cannabis remains a Schedule I controlled substance on a federal level, so even if it’s legal in your state, you won’t be able to get a cannabis business loan from a [...]

10 02, 2022

Impact of Inflation on Businesses 2022

2022-02-10T21:11:36+00:00February 10th, 2022|Categories: Covid-19, Currently Trending, Small Business Loans|

The best-laid plans for many businesses have been rudely thrust aside for the last couple of years, with the COVID-19 pandemic causing a significant upheaval to business as usual. While there seems to be light at the end of the tunnel, with the number of new cases finally starting to subside, the reality of inflation [...]

14 01, 2022

California’s Landmark Electric Truck Mandate: How It Will Affect Businesses

2022-01-14T03:37:42+00:00January 14th, 2022|Categories: Currently Trending, Equipment Financing, Small Business Loans, Working Capital Loans|

Following on the heels of the Advanced Clean Trucks (ACT) Regulation approved by the California Air Resources Board (CARB) to accelerate the first wave of zero-emission trucks, Senate Bill 372 was passed last year to provide financial incentives for affected businesses. These measures aim to improve air quality and help the state achieve its aggressive [...]

7 01, 2022

COVID-19 EIDL Deadline Ends: Other Business Lending Options

2022-01-07T00:08:11+00:00January 7th, 2022|Categories: Covid-19, Currently Trending|

Just weeks into 2022, many small businesses are still struggling to overcome the ongoing challenges posed by the pandemic. A number of loan programs were put into place to help support business owners grappling with everything they’ve had to face as a result of COVID-19’s consistent spread, but the two most widely used—the Paycheck Protection [...]

15 12, 2021

Having A Hard Time Hiring?

2021-12-15T03:24:58+00:00December 15th, 2021|Categories: Currently Trending, Equipment Financing, Small Business Loans, Working Capital Loans|

If your business has committed to a new project that requires hiring new people, and you are finding it difficult to find quality employees, you are not alone. A nationwide hiring shortage has resulted in a job seeker’s market—there’s a lot to choose from, so people are being really selective. At a recent job fair [...]

8 12, 2021

U.S. Businesses Are Bullish Despite Ongoing COVID Threat

2021-12-08T16:55:37+00:00December 8th, 2021|Categories: Covid-19, Currently Trending, Equipment Financing, Line of Credit, Working Capital Loans|

The last year+ has certainly been challenging for all business owners. “Business as usual” went out the window as everyone faced unique obstacles resulting from the pandemic. While the U.S. is not out of the woods yet, there seems to be a cautious optimism that the worst is behind us, and a “new normal” is [...]

19 11, 2021

Business Lines of Credit and Inventory Financing for Dropshipping Companies

2022-05-27T05:26:30+00:00November 19th, 2021|Categories: Currently Trending, Dropshipping, Working Capital Loans|

The flexibility of a business line of credit—which allows you to draw against a pre-approved amount of funding and only pay interest on the funds borrowed—makes it a good option for many companies, including drop shippers. Inventory financing may also be something to consider. What is Dropshipping? It’s an order fulfilment method where stores don’t [...]

11 11, 2021

SBA announces new changes for EIDL for small businesses

2021-11-11T02:46:13+00:00November 11th, 2021|Categories: Covid-19, Currently Trending, Small Business Loans|

The Small Business Administration (SBA) is certainly not immune to the havoc caused by the pandemic to many small businesses. As a matter of fact, it’s just retooled its Economic Injury Disaster Loan (EIDL) program, so even if you were previously turned down for an EIDL, the SBA suggests you reapply. “Our mission-driven SBA team [...]

11 10, 2021

Overcoming Supply Chain Shortages for Businesses with Bad Credit

2021-10-11T04:25:13+00:00October 11th, 2021|Categories: Bad Credit Business Loans, Covid-19, Currently Trending|

The pandemic has affected everyone’s life in one way or another. If you own a business, you may very well be experiencing supply chain disruptions that are having a negative effect on your ability to serve your customers. According to a national survey done in September 2021 by the NFIB Research Center: Half of small [...]

9 08, 2021

What You Need to Know About Business Auto Loans?

2021-08-20T12:07:07+00:00August 9th, 2021|Categories: Auto Repair, Currently Trending, Equipment Financing, Small Business Loans, Working Capital Loans|

Most people have some familiarity with personal auto loans, and while there’s quite a bit of overlap when you move into the area of business auto loans, there are some differences to be aware of, too. Business Auto Loans An auto business loan is, in essence, a form of equipment financing; you access low-cost capital [...]

24 02, 2021

Alternatives to PPP Loans

2021-02-24T00:13:04+00:00February 24th, 2021|Categories: Bad Credit Business Loans, Covid-19, Currently Trending, Small Business Loans|

Unless you’ve been steering clear of all pandemic-related news stories — which can actually be a cleansing experience — as a business owner you’re certainly well aware of the Paycheck Protection Program (PPP). Thousands of businesses have taken advantage of PPP round 1 and/or round 2 to receive loans that are nothing short of lifelines [...]

14 11, 2020

Main Street Lending Program Changes Announced

2020-11-14T04:34:20+00:00November 14th, 2020|Categories: Covid-19, Currently Trending, Small Business Loans, Working Capital Loans|

The ongoing pandemic is wreaking havoc with many aspects of “normal” life, and small businesses are one of the demographics that is really suffering. Before getting into the topic at hand — the changes made to the Main Street Lending Program — here are some statistics about small businesses to digest: The 30.7 million small [...]

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