Blog Posts | Page 44

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.

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. 

On December 27, 2020, a new COVID-19 relief package was signed into law. This package allots an additional $284 billion for a second round of PPP funding, allowing business owners to receive a first or second loan. Applications for this round of funding started the week of January 11, 2021, and will continue through March 31, 2021.

Online reviews about anything and everything is so prevalent in today’s culture that most of us fancy ourselves not only as connoisseurs of the best goods and services out there but as consummate experts on reviews themselves. Most importantly, we can all spot a fake review a mile away, right? Turns out, it’s not as simple as we might think, and in this post, we tell you what signs to look for to determine if a review is fake.

When you’re ready to dive into the world of credit card APIs, you’ll want to compare and contrast the developer tools provided by payment services providers. It’s important to evaluate them not only by the strength of their API, but also consider more mundane factors, such as how much they cost, the types of transactions they support, and how secure they are.

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.

With a passion for education, a love of working with students, and specialized skills to share, you can go far as a tutor and especially as the owner of your own online tutoring business. Read on to learn how to make an online tutoring business plan and eight simple steps to get you on your way to owning your own business!

If you’re ever curious about what card networks, card associations, or card brands are, and what these entities actually do (other than make you pay fees of various sorts), you’re at the right place. We’ll explain what card networks are, give you a little history about each, and provide a general framework for understanding how they fit into the business of credit card processing.

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.