6 Small Business Loan Myths Busted
Obtaining a loan for your small business is a great way to boost investment and even grow your business when the time is ripe. You might have heard some grumblings about small business loans: they are hard to obtain; your credit has to be flawless; don’t ask for too much money or you’ll be denied. […]
The Treasury Department has reopened the Paycheck Protection Program (PPP)
The Treasury Department has reopened the Paycheck Protection Program (PPP), following new guidance on the small business forgivable loan program. The new terms aim to quell the earlier criticisms of the relief effort. Some 5,400 businesses have received about $520 billion to date, but the aid program has been plagued by confusion surrounding forgiveness eligibility and complaints […]
2021 Updates to the PPP Program
As most businesses are aware, the rules governing PPP loans have been updated as part of The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (“Act”). The Act was just one section of the massive 2021 Consolidated Appropriations Act that was passed by Congress and signed into law by the President on December 27, 2020. To combat […]
Paycheck Protection Program (PPP)
Paycheck Protection Program (PPP) Loan forgiveness information Many businesses are relieved to have received PPP funds but are now concerned they may not receive forgiveness. The two primary causes for concern are: 1) not using the loan proceeds properly, and 2) not documenting the correct use of funds adequately. These are common concerns, and […]
Why a Small Business Loan Can Be a Smart Option
A Small Business Loan is more than a line on your credit report: it’s a smart investment in your business’ future. There are many benefits to getting a small business loan for your business today. The best business loans fuel growth for your business without any hassle, so you have financial flexibility for your daily […]
504 Loan Program Helps Assists Nation’s Small Businesses with Record $1.28B Funding in September
The Small Business Administration (SBA) 504 Loan Program completed its largest monthly funding of loans in the program’s 34-year history, including 1,462 loans for nearly $1.3 million more than double the previous record set in September 2012. Historic levels of 504 loan closings and funding’s were driven by record low interest rates and debt relief […]
Covid Updates For Small Business
Nearly 66,000 businesses have folded since March 1, according to data from Yelp, which provides a platform for local businesses to advertise their services and has been tracking announcements of closings posted on its site. From June 15 to June 29, the most recent period for which data is available, businesses were closing permanently at […]
Business Line of Credit: A Premier Business Lending Guide
What is a business line of credit? A line of credit gives you access to funds up to a set dollar amount, allowing you to draw what you need with flexibility. This financing tool allows you to draw up to your limit and pay off the balance on a continuous basis. The key feature of […]
The Benefits of Vendor Relationships
Your vendors are critical to your success in the market and your profits; they are at the heart of many of your organization’s processes and activities. However, you might not consider how important it is to effectively manage your relationships with them. Also, procurement should be considered as a part of your overall business strategy. […]
Forecasts Continued Growth for Trucking, Freight Economy
Today, the American Trucking Associations released its latest forecast for the next decade of freight transportation, projecting continued growth for freight transportation overall and for the trucking industry. As the U.S. population grows and the economy increases with it, we will see continued gains in demand for freight transportation. Freight Transportation Forecast 2017 Follow that […]