In this episode of #TheMoneyFactor, CEO Ian Varley has on guest Steve Nevin to discuss managing small business cash flow and how PPP Loans affect cash flow management. Below is a transcript of the video: Welcome to The Money Factor. Today we’re going to be talking…
More women are becoming entrepreneurs. According to the Census Bureau’s Annual Business Survey, there is an increase in the amount of women starting their own businesses. Notably, there are over 12 million women-owned businesses in America. This is promising news, however there is still a large…
Small businesses are applying for PPP Loans, and they can still get factoring. In fact, it’s easier. There have been new rules with the Paycheck Protection Program, and there is a second draw of PPP loans available to business owners. We encourage businesses that need the…
If you were in business at the beginning of 2020, chances are you considered taking funding from the Paycheck Protection Program or a PPP loan. The program funded 5.2 million small businesses from the Spring to August of 2020. Whether you have spent that money or…
If you are running a small business, you’ve probably found yourself in a frustrating, but very common situation. You may find that your business is running low on cash. Your customers could owe you plenty of money for your goods or services, but without cash on…
Many businesses took Paycheck Protection Program (PPP) loans in order to protect their business from the decline in revenue due to the pandemic. These loans were presented as forgivable, and many business owners have operated under the assumption that they would not need to repay the…
Atlanta, GA – August 3, 2020 – Eagle Business Credit hires Carolyn McClure as Business Development Officer. Carolyn is an accomplished sales professional and will be responsible for securing new client and referral partner relationships. She brings with her nearly twenty years secured lending experience with…
The Federal Reserve Banks publish an annual small business credit survey report. The 2020 SBCS Report on Employer Firms is based on survey responses of small business owners from the second half of 2019. These responses show the current challenges of business financing and credit that…
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…
The Paycheck Protection Program or PPP is a government funded program aimed at incentivizing small business owners to keep operating. The program offers up to $10 million in funding and is up to 100% forgivable. To qualify for loan forgiveness, at least 75% of the loan…