The second round of PPP grants $284 billion to business owners in the form of forgivable loans. As government mandates continue to keep some businesses shuttered or under strict regulations, a PPP loan could be just what you need to keep your business on track in 2021, regardless of whether or not you participated in the first round.
Author Archive | Page 3
Credit scores are a frequent roadblock for businesses when it comes to looking for financing in general, and equipment financing is no exception. Whether you’re concerned that you won’t qualify, or you just want to avoid hard pulls on your credit, you may be wondering if you can get equipment financing with no credit check.
Pitching competitions can be a great way to get your foot into the door to the investment world. You’ll have a captive audience and the opportunity to make connections that can aid your business endeavors far into the future. And with most of the world locked down in the pandemic, you might even be able to do it from the comfort of your own home or office.
Small businesses looking to take advantage of the Small Business Administration’s (SBA) loan programs’ excellent rates and terms face what is often a complex and confusing application process. We’ll go over the minimum FICO score SBA loan requirements for each type of SBA loan and what you can do if you don’t think you’ll qualify.
Which one comes out ahead in the Authorize.Net vs. PayPal battle royale? It depends on what your business needs. There’s considerable overlap between what Authorize.Net and PayPal can offer merchants, but there are also some important distinctions between them.
On the low end, you have loans that are made at the prime rate and subsidized loans like Economic Injury Disaster Loans (EIDL). The former is a fluctuating rate reported by the Wall Street Journal, which itself is based on the Federal Reserve’s federal funds rate. If you have pristine credit and a good relationship with your bank, you might be able to get a prime rate loan.
Revenue-based financing grants investors a regular, ongoing percentage of a company’s income in exchange for a cash infusion. The investors receive scheduled payments until they’ve collected an agreed-upon amount of money from the new business.
Everyware Uses Text-Based Billing To Help More Businesses Profit From Contactless Payment During COVID
Everyware is a payment gateway that seeks to address some common pain points in the payment/billing cycle. This solution is built on an optimistic premise: that many bills, transactions, and customer service inquiries that go unaddressed or unfulfilled aren’t being purposefully avoided. They’re simply getting lost in the shuffle. Read on to see how Everware uses text-based billing to solve business cash-flow issues and prevent unnecessary collections.
Seed funding can be any amount of money, from any source, that helps move a business from the conceptual phase to the implementation phase. Seed funding is typically a small amount of money relative to the scope of the business proposal and often comes from personal sources like family and friends.
Monthly Recurring Revenue (MRR) lines of credit is a form of venture debt designed for a very specific kind of tech business that offers subscription memberships for software that it provides as a service (Saas).