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 [...]

2 10, 2020

Don’t Wait on the Government

2020-10-02T03:07:12+00:00October 2nd, 2020|Categories: Covid-19, Currently Trending, Small Business Loans, Working Capital Loans|

It’s not big news — especially if you’re a business owner — that the pandemic has thrown a monkey wrench into any plans businesses made for 2020. Small businesses have been especially hard hit. According to a survey of 5,800 small businesses conducted by the Proceedings of the National Academy of Sciences of the United [...]

10 09, 2020

What’s the Highly Anticipated Main Street Lending Program All About?

2020-09-28T18:56:27+00:00September 10th, 2020|Categories: Covid-19, Currently Trending, Small Business Loans, Working Capital Loans|

The COVID-19 pandemic has caused widespread economic chaos, no more so, perhaps, than for small and medium-sized for-profit businesses and nonprofit organizations. With that demographic in mind, the Federal Reserve announced the Main Street Lending Program back in April, and the highly anticipated loan program is finally underway. Five-year loans ranging from $250,000 to $300 [...]

7 08, 2020

Is Factoring the Solution for Your Business at this Uncertain Time?

2020-09-11T02:15:07+00:00August 7th, 2020|Categories: Covid-19, Currently Trending, Small Business Loans, Working Capital Loans|

Things have certainly changed since our last blog, in April, when the economic disruption from COVID-19 was in its infancy. All these months later, things are still in flux, with many business owners looking for creative solutions to keep their heads above water during this unprecedented time. With many years of experience serving as a [...]

3 04, 2020

Let Us Help Your Business Be Prepared for the Unknown

2020-09-28T18:57:24+00:00April 3rd, 2020|Categories: Covid-19, Currently Trending, Line of Credit, Small Business Loans|

Many businesses are struggling in light of the rapid spread of COVID-19, which has resulted in many states “locking down” residents and allowing only essential businesses to operate. While this is certainly an extreme, unprecedented situation, it’s a harsh way for many businesses to see firsthand how cash flow deficiencies can affect their day-to-day operations. [...]

7 03, 2020

Are Business Loan Payments Tax Deductible?

2020-03-07T05:11:26+00:00March 7th, 2020|Categories: Small Business Loans, Taxes, Working Capital Loans|

While taxes should be a year-long concern for business owners, it’s commonly accepted that tax season starts ramping up every year in February and comes to a crescendo on April 15, the deadline for filing taxes on income earned the previous year. Since we’re right in the middle of that window, we thought we’d focus [...]

16 02, 2020

Addressing 2020 Small Business Trends

2020-09-28T18:58:21+00:00February 16th, 2020|Categories: Currently Trending, Equipment Financing, Merchant Cash Advance, Small Business Loans, Working Capital Loans|

The start of a new decade offers plenty of opportunities to take a hard look at your business and decide if you’re headed down the right path. Staying current with buying trends is one way to ensure you’re doing all you can to make it easy for customers to do business with you. For example, [...]

18 01, 2020

Resolutions to Get Your Business on the Right Track

2020-01-18T05:35:43+00:00January 18th, 2020|Categories: Small Business Loans, Working Capital Loans|

Even if you choose not to make personal New Year’s resolutions, the start of a new year — and right now, a new decade — provides a great opportunity to make some business resolutions. Whether you’re flying high or struggling a bit, the following three resolutions are certainly appropriate as you seek to maintain your [...]

5 12, 2019

Get Pre-Approved for a Business Loan With No Impact on Your Credit Score

2020-09-28T19:00:07+00:00December 5th, 2019|Categories: Currently Trending, Small Business Loans, Working Capital Loans|

We’ve heard many different reasons from business owners as to why they haven’t investigated getting a business loan with us. Yes, we’ve heard it all. But the one reason that perhaps makes the least sense is that they fear even being pre-approved will have a negative effect on their credit score. It won’t.   The [...]

16 11, 2019

Business Loans for Hotels and Motels

2020-09-28T18:55:28+00:00November 16th, 2019|Categories: Equipment Financing, Hotels & Motels, Small Business Loans, Working Capital Loans|

The hotel and motel industry has experienced robust growth over the past five years — despite being highly susceptible to changes in the global economic environment. PwC’s midyear Hospitality Directions U.S. outlook expects the industry to remain stable through 2020, but there are some storm clouds on the horizon; the industry reported its lowest first-quarter [...]

23 10, 2019

Specialty Medical Practice Loans

2019-12-05T05:08:23+00:00October 23rd, 2019|Categories: Equipment Financing, Medical, Small Business Loans, Working Capital Loans|

Specialty medical practices play an extremely important role in society, helping patients minimize pain, recover faster from disease, and learn to live with disabling injuries or chronic conditions — not to mention saving lives. Their focus on providing care makes it easy to overlook the fact that medical practices are businesses that need to be [...]

21 09, 2019

Dental Practice Business Loans

2019-09-21T15:17:54+00:00September 21st, 2019|Categories: Dental, Equipment Financing, Small Business Loans, Working Capital Loans|

Is good oral health important at workplaces? More so than you might think — since it’s been proven people who take care of their mouth, teeth and gums not only have fewer dental issues, but better overall health. According to the National Association of Dental Plans, 77 percent of Americans have dental coverage through an [...]

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