Tag: Financing
strategies for working capital funding

How to Improve Cash Flow While Waiting for an SBA Loan Approval

There are a couple of SBA programs that are offered to small businesses to weather the COVID-19 slowdown. The Paycheck Protection Program and the Economic Injury Disaster Loans are great resources that small business owners can apply to for inexpensive business financing to keep their business…

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What is the Paycheck Protection Program?

The Paycheck Protection Program is a Small Business Administration program aimed at encouraging small business owners to keep employees on payroll. If a small business keeps all employees on payroll for eight weeks, the SBA will forgive up to 100% of the loan if the loan…

recession incoming

Online Lending During a Recession

There is a lot of discussion about online lenders and the inevitable upcoming recession. While many online lenders are willing to take risks in lending to businesses currently, these risks will be far and few between as a recession sets in. The 2008 recession saw bank…

survive recession

How to Get an SBA Economic Injury Disaster Loan

Due to the disruption of small, medium, and large sized businesses in the wake of the COVID-19 response, the Small Business Administration is offering Economic Injury Disaster Loans. These loans are working capital injections that aim to help business owners pay debts, meet payroll, accounts payable,…

Business Funding: Is the Cure Worse Than the Disease?

COVID-19 has thrown all small business owners into a panic. 75% of small business owners have 28 days or less of cash reserve. An indefinite shutdown of business is terrifying when that’s the case. I am a small business owner. I know the fear of losing…

Three Tips to Protecting Your Business During COVID-19

What the heck happened over the last few weeks? One day everyone is talking about a theoretical impending recession, and the next, millions of people are losing their jobs. It’s hard not to have the REM song, “It’s the end of the world as you know…

importance of working capital management

How to Improve Your Business Cash Flow

There are so many reasons why you need to improve your business cash flow. It takes money to make money, so you need to have cash on hand to afford supplier costs, labor costs, overhead, and marketing. When it comes to growing your business, you need…

Invoices

Why Should You Focus on Improving Cash Flow?

There are so many obstacles to growing your small business. Having enough money to launch, having the time to plan, and managing the stress that comes along with being an entrepreneur is near the top of the list. Cash flow still stands to be the most…

Can Small Business Expect Growth in 2020?

Trade wars, global uncertainty, and a steady domestic economy make for a lot of talk about business performance this year. Rising costs of materials, uncertainty about international exporting, and cash flow gaps are the biggest challenges for small business owners according to a 2019 Global Business…