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SBA Announces Lapse In EIDL Funding

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 Read More

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, boost your bottom line. Tip #1 – Increase Your Visibility With the rise of social media, it has become an absolute must for a business to be visible and stay 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 for small business loans.   What Are Some of the Benefits of Using an Alternative Lender for Small Business Loans? One of the main perks of seeking out an alternative 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 from city to city and from state to state. Urban properties are generally priced higher than rural properties, but usually offer a better return. First and foremost, make sure you Read More