Erica has been writing about small business finance and technology since 2008. She joined Merchant Maverick in 2018 and specializes in researching and reviewing business software, financial products, and other topics to help small businesses manage and grow their operations. Her expertise has been cited in MSN, Reader’s Digest, Vox, U.S. News & World Report, and Real Simple. She is a Certified ProAdvisor for QuickBooks Online and QuickBooks Payroll, a graduate of Limestone University, and currently resides in Greenville, South Carolina.
One form of relief offered to small businesses is the Employee Retention Tax Credit. First introduced in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, this tax credit could be claimed by eligible employers on quarterly tax returns. This program was expanded by the Consolidated Appropriations Act signed into law in December 2020, making the credit accessible to more employers.
The SBA offers a variety of loan programs that vary according to business needs. Its flagship program is the 7(a) loan program, which offers loans for most general business purposes. However, it also offers special programs such as microloans and disaster loans. Find out more about SBA loans, including who qualifies.
QuickBooks Online is cloud-based accounting software. It has the complex accounting capabilities that small business owners need and supports numerous integrations. Quickbooks Online has a lot to offer in terms of features, accounting, and usability.
Loans expert Erica Seppala talks inflation with Nasdaq.
Financial expert Erica Seppala analyzes in Real Simple what people in their 40s can do to strengthen their finances.
Loans expert Erica Seppala tells Real Simple why an app might help people pay down their debt faster.
Crest Capital is an online equipment financer. This company offers a variety of leasing options designed to facilitate ownership or temporary utilization of a wide variety of business-related equipment. Crest’s rates are good, but if you can’t meet Crest’s high qualification standards, however, you may want to have some alternatives in mind.
Lending Club Personal Loans can be used for entrepreneurial and business startup purposes. The application process is easy and its rates and terms are highly competitive. Lending Club Personal Loans are ideal for startups.
Most businesses rely on equipment to operate, from kitchen appliances and office tech to vehicles and heavy machinery. But buying that equipment outright can be expensive, and in some cases, it may not make sense to own something that could become outdated or wear out quickly. In this guide, we’ll break down the differences between […]
This factor offers flexible services that will work for a number of businesses, no matter how large your business is or how long you’ve been in business. You don’t have to deal with monthly minimums, pay an excess of additional fees, or worry about your customers going bankrupt. Add those things to a strong physical presence (via offices in over 25 different cities) and more than 50 years of factoring experience and Riviera Finance is certainly worth the time it would take to get a quote.
CardConnect is a merchant services provider and major ISO of First Data (now Fiserv). The company offers a full range of high-quality products and services (including an excellent integrated payments platform). However, lengthy contracts, high termination fees, and inadequate pricing transparency make it a poor choice for most small business owners.
SumUp’s free mobile processing app isn’t a good substitute for a full POS system, but for small businesses that only need basic POS features and on-the-go credit card processing, it’s definitely a contender.
Breakout Capital offers short-term business financing solutions to small businesses. It has low borrower qualifications, prepayment discounts and easy renewal process.
Lendio is a business financing platform that matches customers to funders, including SBA/PPP lenders. It has a relaxed credit score requirement, and there’s no fee for using the service.
Fundera is a business funding matchmaker who will match you up with other business funders you may be qualified for. Fundera is a good place to start your search for business funding, including SBA loans. Not only is Fundera convenient and helpful, but it also has transparent terms and fees.
To repay your loan in a timely manner, it’s important to know whether or not your payments are fixed or variable, how often you have to repay, and how repayments are made. In this post, we’ll break down all the elements involved in paying back a business loan.
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The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.
Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.
Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.
