Business Loans Blog Posts | Page 4

The question of who pays for damage following riots is often a tricky one. Business owners generally have several avenues to pursue: insurance, government aid, and/or private support through loans or donations. Success in these avenues can vary wildly from business to business, however. Read on for a look at the history of rioting in America and how small businesses can recoup losses from riot-based damage.

Few businesses have quite the same relationship with their equipment as laundromats. Customers will be regularly paying you to directly utilize your equipment, so it goes without saying that you want to spend a lot of time thinking about your equipment purchases. If you’re thinking about starting your own laundromat and want to get a sense of how much the equipment will cost, where to buy it, and how to finance it, you’ve come to the right place.

Computers, IT equipment, and related items pose unique issues for businesses trying to decide whether to lease or buy. Tech equipment becomes obsolete more quickly than almost any other type of equipment, making it a poor long-term investment. At the same time, many businesses need to keep their tech hardware up-to-date in order to remain competitive. Should you buy or lease your tech equipment? Read on.

On May 21st, the SBA confirmed recent reports that the PPP program still has over $100 billion in funding left to distribute. If your business has been suffering from the effects of COVID-19, you may still be able to get a PPP loan if you apply soon.

It was a long time coming for many small businesses seeking relief through the Paycheck Protection Program (PPP). Now that they have the money and have read some of the fine print, some business owners are discovering that the program may not be a great fit for their specific circumstances. If you have received a PPP loan but are having second thoughts about whether or not it’s a good idea to keep the money, you are not alone.

Most businesses need equipment to run their operations at full capacity. What they may not have at any given time is the ability to buy all the equipment they need out of pocket. Borrowers with bad credit may worry that they’ll be locked out of the financing they need. This post takes a look at some of the challenges borrowers with bad credit may face in trying to get equipment financing — and some of the equipment financing solutions they can use to get around them.

As the COVID-19 pandemic continues its societal devastation and an economic crisis thrives in its wake, many businesses throughout the US are hurting financially. In an effort to help alleviate small- and medium-sized businesses, the Federal Reserve has announced a new inititative known as the Main Street Lending Program. Read on for more details.

Small business aid made available through the Coronavirus Aid, Relief, and Support Act has been making headlines, but many small business owners missed out on funding, do not qualify, or did not receive enough money to sustain their business for an extended period of time. The good news, though, is that many companies and organizations are offering millions of dollars in grant money to small business owners.

Starting any business can be challenging, but the quick growth and turnaround times commonly associated with entrepreneurial ventures come with their own particular set of challenges. You’re entering a fast-paced and cutthroat segment of the economy with both high risks and high rewards. To start your journey as an up and coming entrepreneur, you’ll need to take stock of your financing options.

US small businesses and their workers are in a really tough spot right now. While some businesses are legally allowed to reopen, employees are feeling uncertain about returning to work. Complicating the situation even further, businesses who recently received a Paycheck Protection Program (PPP) loan are now calling workers back. These businesses are required to spend the federal loan proceeds on payroll in order for the loan to be forgiven—but in some cases, the workers do not want to return, often because they are making more money on unemployment benefits.