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
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