Business Loans Blog Posts | Page 6

Check your EIDL loan status

How To Check The Status Of Your SBA Economic Injury Disaster Loan (EIDL) Application

Many small business owners facing financial challenges have applied for the EIDL program. As with other SBA loans, the EIDL program isn’t exactly the fastest source of funding. The addition of the CARES Act and expedited processing of loans has made it possible to receive funds faster than ever, but many business owners are still in the dark about when funding will come through.

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May 10, 2022 Filed under: Business Loans, Small Business

Economic Injury Disaster (EIDL) Loans VS Paycheck Protection Program (PPP) Loans: What’s The Difference?

Wondering what the difference is between EIDL and PPP loans? Or need help deciding which (or both) type of SBA coronavirus loan your business should apply for? Read on to compare/contrast these two different Small Business Administration loans for small business coronavirus relief and decide which is better for your needs so you can apply for it. 

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Jan 7, 2021 Filed under: Business Loans

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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Apr 21, 2023 Filed under: Business Loans, Small Business

The 4 Best Factoring Companies For Trucking Businesses

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.

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Apr 10, 2024 Filed under: Business Loans, Invoice Factoring, Invoice Financing, Small Business