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Erica Seppala

Editor & Senior Staff Writer

5+ Years At Merchant Maverick

Expertise: Accounting, QuickBooks, Payroll, Business Funding, POS

Education: AA Liberal Studies, Limestone University

Erica began writing on small business topics in 2008. She joined Merchant Maverick in 2018 and focuses on loans, accounting, and POS. She is a Certified ProAdvisor for QuickBooks Online and QuickBooks Payroll. She has been cited in MSN, Reader’s Digest, Vox, U.S. News & World Report, and Real Simple. She is a graduate of Limestone University and resides in Greenville, South Carolina.

Merchant Maverick Archives for Erica Seppala | Page 12

The 7 Best $10K Small Business Loans

A $10,000 business loan is a fairly small amount, so it shouldn’t be too difficult for many businesses to receive one. Many online lenders have short applications and can fund as quickly as the same business day of approval. Lenders may evaluate factors including personal credit score, monthly or annual revenue, and time in business to determine if you qualify.

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Apr 10, 2024 Filed under: Business Loans, Small Business

Best $5K Small Business Loans

Since the loan amount is so low, many small business owners will be able to get a $5K small business loan. While not exactly difficult, one thing to remember is that $5,000 loans usually come with short repayment terms and higher interest rates.

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Apr 10, 2024 Filed under: Business Loans, Small Business
sba default on loan

SBA Loan Default: What Happens When You Default & What You Can Do About It

If you default on your SBA loan, you’ll be notified by the lender. If you’re unable to get on track with your loan, your lender may seize your assets. The lender will later reach out to the SBA to receive the guaranteed portion of the loan, and the SBA will contact you seeking payment. If payment isn’t received or an agreement isn’t made, the SBA will report the loan to the Treasury Department, which can take further action against you.

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May 18, 2023 Filed under: Business Loans, Small Business