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SBA EIDL Funding Timeline: What To Expect During Application, Approval, & Processing

As part of the CARES (Coronavirus Aid Relief and Economic Security) Act, the Federal government gave the EIDL program a boost, which included $10 billion for $10,000 advances/grants given to small businesses impacted by the Coronavirus pandemic. In a pre-COVID world, the process was remarkably fast. However, we are not in a pre-COVID world, and there is no concrete answer here. Now, more than ever, it’s essential to know what documents are needed to apply for disaster loans and to have those resources readily available. Also, be prepared to wait, as the SBA states that applications might take up to four weeks.

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Feb 3, 2021 Filed under: Business Loans, Small Business 284

All The Paycheck Protection Program Funds Have Been Claimed: What That Means For Your Business

It took less than two weeks for the funds approved for small businesses through the CARES (Coronavirus Aid Relief & Economic Security) Act to run dry and for banks and lenders to close applications. Experts warned from the start that the money would not go far compared to the magnitude of the need, and that prediction rang true. With the country shuttered and the majority of states under stay-at-home orders with essential businesses closed for the foreseeable future, stress is mounting. Talks are already underway about a continuation of funding in an effort to halt the catastrophic economic impact of the Coronavirus pandemic, but at the moment the loans are on pause.

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Apr 16, 2020 Filed under: Business Loans, Small Business 0

Round 2 PPP Loans Explained: Rules, Requirements, & Where To Apply

While the CARES Act has many moving pieces and parts, the sections dedicated to protecting small businesses and the people they employ will be a salve amid a tragic month of anxiety. One of the specific offerings in the stimulus package is the Paycheck Protection Program. These loans come with stipulations but are equipped with some generous benefits to help protect payroll. Keep on reading to find out what they might mean for your business.

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Jan 14, 2021 Filed under: Business Loans, Small Business 14

5 Clever Marketing Tactics For Small Businesses During The Coronavirus Pandemic

Small businesses in the time of COVID-19 are faced with brutal choices and will need to employ creative solutions as the pandemic changes the landscape of our lives. If you have a service that meets the needs of your community during the pandemic, getting information out to potential customers is a necessity. People right now want to help small businesses thrive, and they are looking for ways to spend their money conscientiously. We’ve got a few tactics to help you navigate the current landscape and build a community around your business.

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Mar 30, 2020 Filed under: eCommerce, Email Marketing, Loyalty Rewards, Small Business 0

Working From Home With Kids? Survive The Quarantine With These Proven Tips From Our Remote Team

No matter what you think about the virus or the reaction to it, working parents and their school-aged children hunkering down at home together is now the new normal for most families across the nation. As a company, Merchant Maverick wants every single person who comes to us seeking some balance in this unbalanced time to find help and also to find a community that understands the unique challenges of remote working with children.

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Mar 19, 2020 Filed under: Small Business 0

Small Business Outbreak & Pandemic Guide: Coronavirus Edition

Our current news cycle is dedicated to the coronavirus COVID-19 outbreak, and employers and employees alike have anxiety about what might happen should the virus spread. The impact has the potential to be severe and businesses everywhere are bracing for disruption. It is not unwise or irrational to develop a plan for your company, even in this early stage. Worries of a global pandemic are already impacting consumer/employee/business choices.

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Mar 17, 2020 Filed under: Small Business 1
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Payroll By Wave Review

Payroll by Wave is a contender among the options of affordable self-service payroll programs for small businesses. It’s perfect for small businesses already using Wave products or businesses looking to integrate a simple accounting software with payroll software. Wave is not highly customizable, and it isn’t loaded with features, but it has everything needed to manage basic accounting and payroll at an attractive price.

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Dec 28, 2020 Filed under: Payroll Services & Software Reviews 0

Get Started With Featured Pick! 🏆

Payroll by Wave is our current featured vendor in this category.




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Donorbox is one of our top picks for Donation Systems!

 

 

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We Recommend Helcim 🏆

Helcim is one of our top picks for payment processing!

 

 

Helcim has exceptional service and an advanced platform that we highly recommend for businesses in Canada and the US. Get three months free when you sign up with Helcim through our links!

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We Recommend Lendio 🏆

Lendio is one of our top picks for PPP/Business Financing!

 

 

Lendio is a free-to-use marketplace that allows you to compare lenders side-by-side. Easily find PPP/SBA loans alongside other financing options.

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PPP & EIDL Are Not Your Only Options

The SBA has expanded their loan portfolio and we have the list that no one else is talking about (yet) — Sign up for our newsletter to get your free copy!

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We Recommend Square POS 🏆

Square POS is one of our top picks for Point of Sale!

 

 

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Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

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