While many of the same qualifications apply to sole proprietors and self-employed as larger businesses, there are specific provisions for individuals who are the entirety of their company and do not compensate themselves through payroll.
Author Archive | Page 2
The economic impact of the COVID-19 pandemic has been harsh, particularly on small businesses. Fortunately, there have been a number of loan and grant programs open to small business owners to offer financial help during these tough times, one being EIDL.
Community is one of those words that sounds like it has an obvious meaning, but in practice can mean a lot of different things. In the case of qualifying for an EIDL grant, what the SBA is talking about is your census tract. Depending on how populated your area is, there may be many census tracts within your municipality or very few. As it turns out, there are slightly different measures for businesses that are located in rural areas as opposed to metropolitan ones.
Whether you’ve already been through the PPP application process or you’re searching for funding for the first time, this post is for you. We’re going to cover the most frequently asked questions surrounding the second round of PPP funding. We’ll cover topics such as the requirements you must meet to receive a loan, how funds can be used, and whether you can receive another PPP loan if you already received one (spoiler alert: you can!)
The new stimulus package includes special PPP loan rules for restaurants. Learn what you could get from the PPP if you own a restaurant.
With Round 2 of the Paycheck Protection Program (PPP) ready to kick-off the second week of January for community-based lenders, businesses may be wondering where they should go to apply for a first or second draw PPP loan. For many businesses, the most natural place to apply will be their bank. Read on for a list of the top banks with which to apply for a second round PPP loan.
Guidance for the new and improved program was released January 6, 2021, with the program expected to be online by January 21. With thousands of small businesses under unprecedented stress, you can expect demand for these programs will be extremely high.
While Braintree is fully integrated into the PayPal ecosystem, it does still have some unique properties that distinguish it from PayPal’s flagship service. Different types of businesses are likely to benefit more from one than the other.
Wondering about EIDL grants for round two? Read on for everything we know so far about what to expect for EIDL grants and advances in 2021.
Merchant Maverick has found that the four best services offering the best credit repair merchant accounts are PaymentCloud, Soar Payments, Instabill, and eMerchantBroker.