Picking the Right Invoice Factoring Company By Andres Fernandez January 22, 2021 – 9 min read Share Share Share Share It can get really frustrating when your invoices haven’t been paid off yet. Waiting and waiting for the client to finally pay you can constraint your business cash flow, especially those unpaid cycles of 30, 60, or 90 days before the payment finally arrives. This can cause business owners to trail behind on their expenses, such as inventory or payroll.  Then comes Invoice Factoring, it is a version of financing that allow small and medium sized businesse ..read more

Set Your Financial Goals For 2021 Written by: Andres Fernandez January 12, 2021 “Forget the failures. Keep the lessons.”   Share Share Share Share With the new year underway, many resolutions and goals have been made, but have those goals specific enough. For example, many want to save money or better their credit for this year. How are you going to do that? It’s easy to say I want to save enough to buy a trip to Miami, but how much do you need to save weekly or monthly? What is the total amount you want to save and how are you willing to do that?    To accomplish any ..read more

2021 Full Guide: Getting Online Business Loans Written by: Andres Fernandez December 14, 2020 Share Share Share Share The Beginning of Online Business Loans Online business loans are like any other kind of loans that is not directed to a traditional bank. It started to become popular is 2006, when LendingClub realized it could make loans available online, then sell those loans to Investors or lenders for a fee.   LendingClub started using the internet to find lenders that are looking for loan applications. These applications mostly consisted of small business not being able t ..read more

SBA Increases COVID-19 EIDL Loan Limit to $500,000 Author: Andres Fernandez – March 25,  2021 – 2:25pm  – 5 min read Share on facebook Share Share on linkedin Share Share on pinterest Share Share on email Share PrevPreviousUS Secretary of Educations Cancels 1B in Student Loans NextHow a Bridge Loan Can Help Your Business SurviveNext The U.S. Small Business Administration is more than tripling the maximum amount that small businesses and nonprofits can borrow under the COVID-19 Economic Injury Disaster Loans (EIDL) program.   Starting the week of April 6, the loan ..read more

How Does a Business Loan Repayment Work? Updated on: April 27th, 2021 – Post by: Andres Fernandez   Share on facebook Share Share on linkedin Share Share on pinterest Share Share on email Share PrevPrevious PostSBA – EIDL Program Limit Increases for Businesses Table of Contents How Small Business Loan Repayment Works When it’s time to repay your loan, it’s important to repay in a timely manner. It’s also important to know whether your payments are fixed or variable, how often you have to repay, and how repayments are made. We’re going to break down all the details you ..read more

SBA - EIDL Program Limit Increases $500,000 for Businesses Andres Fernandez April 7, 2021 - Digital Marketing Manager - 5 min read The Small Business Administration (SBA) announced giant strides to policy change to help businesses keep their doors open from the COVID-19 pandemic. The SBA significantly increases the loan limit for the Economic Injury Disaster Loan (EIDL) up to 24 months of economic injury with a maximum loan amount of $500,000. The EIDL provided by the SBA was originally limited to six months of economic injury up to a maximum of $150,000. The increase of loan ..read more

What is a Bridge Loan and How it can Help Your Business Survive! Andres Fernandez April 7, 2021 - Digital Marketing Manager - 5 min read Bridge loans is a form of short-term funding that is intended to help businesses acquire assets or complete assignments. It is designed to help a company meet its obligations until it secures a long-term business loan. This type of bridge loan is commonly used for commercial real estate. Bridge loans are helpful during time-restricted transactions where timing is crucial for a business to take advantage of an opportunity.  When taking out ..read more

SBA Increases COVID-19 EIDL Loan Limit to $500,000 Author: Andres Fernandez – March 25,  2021 – 2:25pm  – 5 min read Share on facebook Share Share on linkedin Share Share on pinterest Share Share on email Share PrevPreviousUS Secretary of Educations Cancels 1B in Student Loans NextHow a Bridge Loan Can Help Your Business SurviveNext The U.S. Small Business Administration is more than tripling the maximum amount that small businesses and nonprofits can borrow under the COVID-19 Economic Injury Disaster Loans (EIDL) program.   Starting the week of April 6, the loan ..read more

U.S. Secretary of Education Cancels $1B of Student Debt Author: Andres Fernandez – March 22 ,  2021 – 10:35am  – 5 min read Share on facebook Share Share on linkedin Share Share on pinterest Share Share on email Share PrevPreviousOne COVID Year Later: Local Salon & Boutiques Owners Relied on Faith NextSBA Increases COVID-19 EIDL Loan LimitNext Story In A Glance DOE officials said they will smooth shape relief for borrowers with verified claims of defraud by universities. The change is within the formula that is calculated by former Secretary of Education Betsy DeV ..read more

One COVID Year Later: Local Salon & Boutiques Owners Relied on Faith Author: Andres Fernandez – March 19, 2021 – 4:05pm – 5 min read Share on facebook Share Share on linkedin Share Share on pinterest Share Share on email Share PrevPrevious5 Ways To Get Working Capital For A New Business Owner NextUS Secretary of Educations Cancels 1B in Student LoansNext It’s been over a year since the beginning of the pandemic lockdown. Small businesses such as hair salons and boutiques were forced to close their doors. So what did these small business owner relied on? Small business gran ..read more