Choosing the right type of loan for your law firm practice can be tricky and confusing, due to the large number of available options, and the sometimes complicated terms and fees. Here are some tips to help you navigate the world of law firm loans.
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.
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.
In order to get the full eight months’ worth of forgiveness of principal and interest payments for these loans, your business will need to be in one of the industries identified by the SBA as particularly impacted by the coronavirus pandemic, such as food service, accommodation, education, arts & entertainment, and personal care services.
To help shuttered live event venues stay in business long enough to return once the pandemic is over, Congress has approved a new grant program specifically targeted at businesses that host entertainment, both live and recorded.
As far as formal requirements go, there is no credit score requirement you must meet in order to qualify for a PPP loan. This is despite the fact that the PPP program technically falls under the SBA’s 7(a) loan program, which does feature an acceptable credit requirement. However, this formal requirement has been suspended when it comes to Paycheck Protection Program loans.
Get Started With Featured Pick! 🏆
is our current featured vendor in this category.
Learn more today with no commitment.
Featured Offer: We Recommend QuickBooks 🎉
Take it for a spin with a free trial.
We Recommend Fattmerchant 🏆
Fattmerchant is one of our top picks for Credit Card Processing!
We love Fattmerchant as a credit card processor for its predictable pricing, excellent service, and integrated billing features. Get started today and get your first month for $5 with an exclusive Merchant Maverick promo.
Get started with no commitment today.
We Recommend BlueVine Business Checking 🏆
BlueVine Business Checking is one of our top picks for Business Checking!
BlueVine's small business checking has a 1.0% APY, no minimum deposit or balance, and no monthly service fees. Sign up for free.
Get started with no commitment today.
We Recommend PaymentCloud 🏆
PaymentCloud is one of our top picks for credit card processing!
We love PaymentCloud's predictable pricing and excellent service.
Get started with no commitment today.
We Recommend Fattmerchant 🏆
Fattmerchant is one of our top picks for Credit Card Processing!
We love Fattmerchant as a credit card processor for its predictable pricing, excellent service, and integrated billing features. Get started today and get your first month for $5 with an exclusive Merchant Maverick promo.
Get started with no commitment today.
We Recommend Donorbox 🏆
Donorbox is one of our top picks for Donation Systems!
Donorbox is a versatile, feature-rich, and easy-to-use donation management system that can help you attract more recurring donors. Get started today for free.
Get started with no commitment today.
We Recommend BigCommerce 🏆
BigCommerce is one of our top picks for eCommerce Platforms!
Bigcommerce offers exceptional tools for all eCommerce businesses from startups looking to build a site to enterprise-level systems. Now get a 15-day free trial + one month free when you upgrade!
Get started with no commitment today.
We Recommend Fattmerchant 🏆
Fattmerchant is one of our top picks for Credit Card Processing!
We love Fattmerchant as a credit card processor for its predictable pricing, excellent service, and integrated billing features. Get started today and get your first month for $5 with an exclusive Merchant Maverick promo.
Get started with no commitment today.
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!
Get started with no commitment today.
We Recommend PaymentCloud 🏆
PaymentCloud is one of our top picks for credit card processing!
We love PaymentCloud's predictable pricing and excellent service.
Get started with no commitment today.
We Recommend OnDeck 🏆
OnDeck is one of our top picks for Business Loans!
OnDeck is our featured vendor for business loans and lines of credit. If you have at least one year in business, a personal credit score of 600 or higher, and $100K in annual revenue, OnDeck is ready to help your business get funded.
Get started with no commitment today.
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.
Get started with no commitment today.
We Recommend PaymentCloud 🏆
PaymentCloud is one of our top picks for credit card processing!
We love PaymentCloud's predictable pricing and excellent service.
Get started with no commitment today.
We Recommend ADP Payroll 🏆
ADP Payroll is one of our top picks for Payroll Software!
Our reviewers like ADP Payroll for its advanced employee management, strong payroll features, and great customer support.👍
For a limited time, get three months free when you sign up via our links!
Get started with no commitment today.
We Recommend Lightspeed POS 🏆
Lightspeed POS is one of our top picks for Point of Sale!
We highly recommend Lightspeed POS for small businesses looking for a feature-rich, tablet-based point of sale system.
Get started with no commitment today.
We Recommend TouchBistro 🏆
TouchBistro is one of our top picks for Restaurant POS!
Our reviewers praised TouchBistro for a well-designed UI, easy to use format, competitive monthly cost, and numerous integrations. Sign up today to see it in action.
Get started with no commitment today.
We Recommend Fundera 🏆
Fundera is one of our top picks for SBA loans!
Fundera is a free-to-use marketplace that allows you to compare lenders side-by-side. Easily find SBA 7(a)loans alongside other financing options.
Get started with no commitment today.
We Recommend ShippingEasy 🏆
ShippingEasy is one of our top picks for shipping software!
ShippingEasy got a 5-star review from our team. Get a 30-day free trial to access discounted USPS and UPS shipping rates and print labels in no time. No credit card required.
Get started with no commitment today.
We Recommend Square POS 🏆
Square POS is one of our top picks for Point of Sale!
Square is free to use and currently includes a free card reader at sign-up!
No credit card is required to create your account.
Get started with no commitment today.
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.
Reading Recommendation 📚
Grow your expertise with our free ebook!
