SBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. The application portal for the EIDL-COVID-19 assistance program (EIDL loans and EIDL Advances) is temporarily closed.(4/16/20) Here is a link to the SBA Announcement
Tips For Increasing Your Business’s Profitability
In these challenging economic times of wavering highs and lows, it would behoove any astute business professional to diligently educate themselves on creative and effective methods of increasing revenues. However, a mere thought alone without action will prove fruitless unless specific strategies are put into play and actually executed. The following are five helpful tips that will provide a fresh perspective to breathe new life into your company and effectually, Read More
How Alternative Lending Has Revolutionized Traditional Business Loans
Alternative lending is a term used to convey a wide group of financial services firms that offer loans to businesses outside of a traditional bank. Often these entities have been denied a traditional bank loan, due to banks’ frequently unattainable standards for loan approval. When a business does not have stellar credit or the collateral required to secure a loan, going to an alternative lender can be a viable option Read More
What to Look for When Investing in Property
Investing in property can be a lucrative endeavor. The historical appreciation rate for the housing market over the last 50 years is over 5%, so if you play it smart, you can make a positive return on your purchase. However, without the right strategy, an investment property can be financially disastrous. Here are few things to keep in mind when investing in real estate. Location Home prices vary drastically Read More
Ready to Upgrade From a Home Office? Here’s What You Need to Know!
While many home-based business owners enjoy low start-up costs and minimal risk, they have a much harder time catering to expansion. If you’re looking to hire staff or hold regular client meetings, it may be time to research a new location, update your permits, and re-evaluate your business needs. When moving to a commercial space, financing is usually the biggest factor and can be a major barrier if you lack Read More
How Trucking Companies Can Benefit From Leasing
The trucking business is very competitive, and it can be profitable if you manage your business well. There are a number of ways you can get the truck equipment you need, but the sales person at the dealership may not present the best option for you. As a small business owner of a trucking company, you need to do your homework when you are looking for truck equipment financing. You Read More
Understanding CMBS Loans
When learning about commercial loans, there are two main types investors should be familiar with: portfolio loans and CMBS loans. A portfolio loan is a mortgage loan that is retained by the original lender for the life of the loan, as opposed to being sold on a secondary market. A commercial mortgage backed security (CMBS) loan is a mortgage loan that is pooled together with other loans and transferred to Read More
Advantages of Leasing Business Equipment
Leasing Business Equipment can provide a great solution for businesses that need essential equipment but don’t have a large amount of cash available for purchases. Leasing equipment such as computers, fax machines, or furniture allows businesses to spend less in the short term and provides a number of advantages over renting or buying. 1) Leasing increases available cash flow. Purchasing equipment outright requires a large amount of cash that could Read More
Short Term Financing For Businesses
When in need of financing, there are generally two types a business can apply for: long-term and short-term. Long term financing usually applies to larger expenses, such as equipment or real estate, where the return on investment will happen over time. These loans are usually paid off in a period of one to seven years, or sometimes may not reach maturity until ten or twenty years. Short term financing is Read More