The time will come when you can reopen your business in some capacity. When considering how to do this, it’s helpful to look at the examples set by essential businesses that have remained open. For more information on reopening safely, keep reading!
Archive for the ‘Small Business’ Category
Was Your Credit Card Limit Lowered Due To COVID-19? How To Minimize The Damage To Your Financials & Credit
Have you been hit by a lower credit limit recently, due to the coronavirus pandemic? Or are you concerned about having your card’s credit line decreased in the future? Continue reading to find out how you can help manage your situation and keep your business financially healthy.
In this article, we’ll break down a few of the major trends we’ve noticed in 2020. We’ll explain each trend, demonstrate its popularity, and then give you some actionable steps to implement it in your own business model. Take advantage of these new ideas to stay up to date with emerging selling strategies and make sure your brand is always keeping up with the competition!
Financing allows those who are wavering on a purchase because of the price to buy from you right away and then pay for the goods/services in installments in the future. This way, you don’t lose a sale to sticker shock. This is called customer financing or, sometimes, consumer financing. Broadly speaking, you can provide customer financing yourself, or you can use a third-party financing specialist. As to how to do either, along with their pluses and minuses, read on to find out.
Some credit card issuers are lending a helping hand during the coronavirus pandemic by offering cardholders incentives for sticking around. Called “retention offers,” these special incentives are meant to stop cardholders from canceling their credit card. While retention offers are nothing new in the world of credit cards, they have become more popularly requested because of the current crisis. Keep reading for a primer on what retention offers are and how they can help your business.
The Paycheck Protection Program (PPP) is bringing much-needed relief to small business owners affected by the coronavirus. Not only does this loan program provide funding to help cover payroll and other expenses, but if used for qualifying purposes, your loan will be forgiven. In this post, we’re going to help you understand how you can qualify for PPP loan forgiveness.
Are you searching for the perfect video chat/video conferencing solution for your small business? Well, you’re in luck because there are plenty of options to choose from, including several free ones. We’re writing this article right now because a lot of small businesses are moving online, and many of you are looking for video conferencing for your remote team.
With Round 2 of the Paycheck Protection Program (PPP) looking to be about ready to begin, businesses that missed the first round will have a second chance to take advantage of the popular relief package. This includes businesses whose owners may have assumed they did not qualify due to being sole proprietorships with no employees (this status technically applies to freelancers as well). If you’re an individual with self-employment income, you can qualify for a PPP Loan if you meet certain criteria.
The Second Round Of Paycheck Protection Program (PPP) Funding Has Been Announced [UPDATE: It’s Passed]
Small business owners and the self-employed have faced particular challenges and frustrations, as many were unable to get a PPP Loan during the last round of funding despite applying as soon as the funds became available. The good news is that on April 21, 2020, the US Senate passed a bill authorizing the addition of $310 billion to the Paycheck Protection Program (PPP), which offers forgivable loans to businesses affected by the devastating COVID-19 outbreak. Just know that once it’s signed into law, it might be another day or so before the SBA can reopen the program to new applicants.
In response to the woes facing the economy, the US government has allocated funds to help support businesses throughout the country by enacting the $2 trillion CARES Act. One of the programs for small businesses affected by this act is the Economic Injury Disaster Loan (EIDL) program. Thankfully, at least part of the money involved with an EIDL may not need to be repaid. Read through for the full details on how you can receive forgiveness on your EIDL emergency advance.