Tag: funding

Fearless Factoring: Small Business Credit

In much of the financial world, personal or business credit is huge. It can determine whether you are approved or denied, how much funding you are offered, and what interest rates you can receive. Invoice factoring companies, however, do not care about an applicant’s credit score.…

What to Do if You Cannot Repay a PPP Loan?

The Paycheck Protection Program is aimed at keeping small businesses and nonprofits afloat during harsh economic times caused by COVID-19. The main selling point of this program is that the loan is up to 100% forgivable. The downsides, however, is that many business owners will have…

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The Alien Invasion of Your Small Business

In the summer of 2008, my wife and I packed up the two kids, the dog, and two cats in the RV to move across country from California to Georgia. We were no strangers to moves. We moved across continents and country just years before, but…

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What Is the Current State of Trucking?

It’s not much of a surprise that as businesses reopen nationally, some trucking sectors are showing signs of improvement as well. Restaurants and hospitality industries were hit the hardest by COVID-19, but as they reopen, freight sectors are seeing more volume as well. Produce hauling has…

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Immediate Business Financing

I won’t list off all the reasons you may be in need of immediate business financing. There are plenty. There are also plenty of risks to avoid when searching for immediate financing. Typically, your cost of financing will increase for faster approvals. You see this with…

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Business Credit and How to Get Funding

Invoice factoring and the amount available for funding relies on your company’s sales rather than the time you have been in business, personal credit score, or business credit score. Only 46% of businesses received the full amount of financing sought according to the 2017 Small Business…

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How to Find a Long-Term Business Financing Strategy

When you run your own business, it’s crucial to keep the future in mind. You will need tools like cash flow forecasts and financial statements in order to monitor the financial health of your business. There are third party services you can use like an accounting…

Will You Receive the Next Round of Stimulus Funding?

Congress is on the brink of approving the next round of small business stimulus funding in the form of the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan program (EIDL). The first round worth $349 billion ran out in less than two weeks. This round…

Finding a Lender After the Storm Has Passed

Factoring companies like Eagle Business Credit are not scared by recessions. In fact, they typically see more activity during downturns due to banks becoming more risk adverse. What was previously unknown was how the alternative lenders such as the MCA’s and online lenders would react as…

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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…