We are starting to see some signs of small business recovery, and that’s a great thing. But business owners must stay vigilant and be prepared for the very real possibility of more pandemic-related business disruptions in the near future. Use the resources we’ve provided to learn more about socially distanced selling, emergency financing, and more.
In this article, we’re going to look at the supply chain and how it’s important to more than just big businesses. By understanding your supply chain, how it works, and how to mitigate risk, you’ll be better prepared for the future, whatever it may bring.
When You Should (& Shouldn’t) Return PPP Money & How To Return PPP Funds If It’s Not The Right Fit After All
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.
Square Online Checkout is intended to condense the eCommerce experience down to a simple link or button, making online selling easier than ever for both the merchant and the customer. If you want to sell items or services online — or even accept donations — without building an online store, you’ll want to read on.
Pandemic Unemployment Assistance (PUA) & Federal Pandemic Unemployment Compensation (FPUC) Guide For The Self-Employed
All Americans who are unemployed due to COVID-19–including even those who do not qualify for traditional unemployment benefits—are likely to qualify for expanded unemployment benefits under the $2.2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act that went into effect in March 2020. These federal unemployment benefits, which include the FPUC, PUA, and PEUC, have a broader umbrella than standard unemployment benefits, and include help for the self-employed, freelancers, independent contractors, and small business owners who are out of work due to coronavirus.
If you’ve ever paid employees or received a paycheck through electronic deposit, then you’ve used the ACH payment system. Same with using the “pay bills” feature from your bank account. Whether you are aware of it or not, you use ACH to make payments every day. In fact, even when a payment is not called an ACH transaction, a portion of that process might still pass through the ACH network. This is because ACH payments form the backbone of money transfer between US banks.
Plastiq For Business: Could Plastiq Could Help Your Small Business Manage Expenses & Improve Cash Flow?
Plastiq allows you to make payments that would otherwise require checks or bank transfers with a credit card. All told, this can help simplify your accounting while letting you take advantage of the benefits a credit card provides. There is a catch, however; Plastiq charges a 2.5% fee on each payment, meaning that this service may or may not work for your bottom line.
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.