Different lenders have different policies, some businesses may face delays, and not every loan timeline will be identical. However, we’ve looked at lender policies, SBA guidelines, and comments and complaints from business owners to help determine the timeline for PPP loans, from the time you submit your application to loan disbursal.
EIDL disaster loans are an existing SBA disaster loan program, but the US government has recently expanded the program, opening it up to virtually any small business, and added forgivable advances on EIDL loans. The advances, in particular, have gained a lot of interest from small business owners, as these advances do not need to be repaid.
Businesses that have exhausted normal methods of acquiring capital may find themselves turning to less known methods, such as vendor financing. Like most forms of alternative financing, it’s less a broad solution and more a specific help for small businesses whose needs fall into a specific niche. Is it the best choice for your particular small business financing needs? Read on to find out.
Becoming a tutor allows you incredible job flexibility, while also giving you an opportunity to do meaningful work in your community. When you tutor, you make an impact on students’ lives and help guide them toward educational success. And at the same time, tutoring allows you to manage your own schedule and set your own rates. What’s more, when you set up an online tutor business, you can even work from home! Have you been considering starting a tutoring business, but you aren’t sure where to start? In this article, we’ll walk you through a step-by-step process for planning your tutoring business.
On December 27, 2020, a new COVID-19 aid package was signed into law and includes more funding for the Paycheck Protection Program (PPP) program. Sole proprietors, independent contractors, and self-employed individuals are eligible to apply.
The United States government has reacted to recent economic uncertainty through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Under the CARES Act, there are a number of programs aimed to help small business owners weather the coronavirus storm. If you’ve obtained a loan backed by the Small Business Administration (SBA), one of these programs will be of particular interest to you. This program provides SBA loan debt relief to business owners affected by the coronavirus.
If you’ve been on the hunt for an affordable small business loan, Small Business Administration (SBA) loans are probably already on your radar. With high borrowing limits, long repayment terms, competitive interest rates, and less stringent requirements than traditional low-interest loans, it’s no wonder SBA loans are highly sought by small business owners. In this post, we’re going to take a look at the top 10 SBA lenders based on data from the SBA itself.
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.
One of the biggest challenges faced by trucking companies is waiting to get paid. You could potentially wait for weeks (or even months!) to receive payments from your customers. Fortunately, there’s a way to get paid quickly: invoice factoring. You can have access to instant (or near-instant) cash instead of waiting 30, 60, or 90 days for your customers to pay. But what’s the catch? In this post, we’ll take a look at invoice factoring for trucking companies.
Whether you’re an employee or an employer, everyone around the world is feeling the effects of the coronavirus pandemic. Fortunately, Congress has stepped up to battle the economic fallout as a result of the coronavirus with a $2 trillion stimulus package — the largest in history — and it offers relief for small business owners as well.
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