Coronavirus (COVID-19) Guides & Resources
SBA Loans: Current Interest Rates For July 2023
The Small Business Administration (SBA) provides a number of loan programs designed to help small businesses grow. SBA loans are known for having some of the lowest interest rates available. We’ll explain the rates for three of the SBA’s most popular loan programs: 7(a) Loans (business loans for most general business purposes), CDC/504 Loans (business loans to finance real estate and other fixed assets), and Disaster Loans (loans to rebuild following a disaster).
What SBA Disaster Loans Are & How To Qualify For One
The SBA Economic Injury Disaster Loan Program (EIDL) provides financial assistance to both small businesses and private, nonprofit organizations that are located in a declared disaster area. Coverage depends on the amount of economic injury sustained. That includes things that don’t cause property damage, such as COVID-19, but still result in a massive loss of demand due to circumstances beyond your control or that interrupt your ability to conduct business.
7 Lenders That Are Offering Second Round PPP Loans Online
A second round of PPP funding has been approved by Congress for 2021. Want to apply for a PPP loan online? Here are the best online lenders participating in the second round of PPP loans.
2021 Targeted EIDL Advance Grant: What Does Your Small Business Need To Know Now?
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.
The Top 10 SBA Approved Banks For 7(a) Loans: Your Complete Guide
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.
How To Close A Business
Sadly, as the global COVID-19 pandemic wreaks havoc on our world and our institutions strain to cope with it all, scores of businesses are facing the excruciating reality that remaining in operation just isn’t feasible. As terrible as it is, there are steps you need to take to ensure that the pain of closing your business isn’t even more devastating to your employees and your finances than it needs to be.
5 Best Third-Party Delivery Services For Food & Drink In 2023
As a restaurant or retail business owner, pairing with one ore more of these companies can potentially bring in a boon of new revenue. However, with so many choices, are certain services better than others? Let’s take a look at what separates some of the more popular third-party delivery services in the industry, and hopefully, you can decide which one, if any, makes the most sense for your company.
The 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.
5 eCommerce-Friendly POS Systems For Online Sellers
We’ve put together this post to help small retail businesses modernize their operations by bridging the gap between online sales and physical retail sales. Whether you’re looking to establish your brand in the online sphere or want to replace your current online POS with a better system, read on to learn about the best eCommerce POS systems.