As of mid-May, the Covid-19 outbreak in the United States was surpassing 1.41 million cases and many industries were at a standstill or apprehensively opening their doors under State jurisdictions. Since the start of the pandemic, a series of financial relief programs were made available to small businesses including the SBA’s Economic Injury Disaster Loan…
Whether you’re interested in purchasing an apartment building or require additional funding for exterior/interior upgrades to an existing one, there are specific loans available for apartment buildings and similar commercial properties from many financial institutions. Aside from going into pocket (if it’s available), there are several types of these loans available. A simple online search…
In the wake of the U.S. Federal Government’s announcement of distributing $50 billion in low-interest Disaster Assistance Loans through the SBA to offsetrecent challenges, the SBA revisited its loan processes to provide a more efficient means of getting funding approved and in the hands of borrowers. Available for small businesses and non-profits, this is positive…
While the Federal U.S. Government doesn’t dole out grants for startups or businesses looking to expand operations, it does provide many loan programs to provide support if you want to start your own business or wish to further grow your existing one. For example, if your business is having difficulties qualifying for a traditional small…
Contrary to popular belief, traditional banks and other financial lenders want to do business with your company. Yet, receiving a business loan and actually getting one approved are, unfortunately, two different mindsets. So, as a small business, (or any type of business for that matter) what is required to get the funding your business needs?…
Renovations or new construction projects from the ground up can run hundreds of thousands – if not millions – of dollars. Short of having a bottomless bank account or a handful of investors with deep pockets, commercial construction loans are available to potentially meet your expansion or renovation project. Different from say, a commercial mortgage…
A business line of credit is one of the more popular forms of accessing revenue to obtain cash flow concerns, purchase new equipment, or simply ramp up production to meet consumer demand for your business. Short term business loans, SBA loans, merchant cash advances (or any one of the several types of loans available) are…
Working capital is the nerve center of any small business. If there isn’t enough of it, your company may have a break down and over time, not be able to get up and running again. As there are a series of working capital loan options to bridge a financial gap or cover short-term operational needs,…
PayPal has evolved into a key player in the e-commerce game and with its established online loan program available for small businesses, are its services ideal, convenient, and “small business- friendly?” Considering PayPal Working Capital currently offers its financial services for small businesses in the US, UK, Australia, Germany, Mexico and just recently, Canada (for…
Among all the paper work, meetings with your direct lender, and invested time to get approved for a commercial business loan, your business plan is perhaps the first and most important step in efforts to receive the funds your business requires. Short of having an MBA from Harvard Business School or being a natural-born financial-whiz,…