9 03, 2021

Can you receive a small business loan with bad credit? Yes!

2021-03-09T19:37:00+00:00March 9th, 2021|Categories: Bad Credit Business Loans, Line of Credit, Small Business Loans, Working Capital Loans|

Your credit score—made up of five pieces of data: payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10%)—can either help you soar, or be an albatross that stymies your growth. You may be aware of what constitutes an excellent credit score (800 and up), but did [...]

2 02, 2021

Don’t Miss Out! The Next Round of PPP is Here

2021-02-02T04:52:36+00:00February 2nd, 2021|Categories: Bad Credit Business Loans, Covid-19, Small Business Loans, Working Capital Loans|

With the COVID-19 pandemic still causing havoc to many businesses across the country, the second round of the Paycheck Protection Program (PPP) is underway. As you may recall, funds quickly ran out during the first round, so it’s important to apply as soon as you can. This second round is aimed at businesses that may [...]

12 12, 2020

New Changes to Section 179 Tax Deductions on Equipment Financing

2021-01-06T12:07:05+00:00December 12th, 2020|Categories: Equipment Financing, Section 179, Small Business Loans, Taxes, Working Capital Loans|Tags: , , |

If there’s one thing most Americans would agree on, it’s that 2020 has been a particularly challenging year, especially for small businesses. One of the bright notes in an otherwise somber time comes with the news that the ceiling for Section 179 deductions — which allow businesses to write off the entire purchase prices of [...]

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 [...]

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

Business Loan With No Impact on Your Credit Score

2021-01-08T06:28:24+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 ABCs [...]

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 [...]

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