In 2021, businesses had over $152 billion in weather-related damages. For many business owners, a natural disaster could mean the end of the business. This is where economic injury disaster loans come in to save the day. You may be wondering what an economic injury disaster loan is or if you even qualify. If so, this article is for you! Keep reading to learn more about who can apply and what kinds of disasters the loans cover. What Are Economic Injury Disaster Loans? Economic injury disaster loans are loans to help businesses recover from a disaster. The loans are usually given by the US Smal ..read more

Did you know that 20% of companies will suffer from power failures, floods, fire, terrorism, or hardware or software disaster? If you don't have a disaster recovery plan in place, you might be looking for ways to keep your business up and running. A disaster loan can help you through hard times. Keep reading to learn why you should consider applying for a disaster loan. 1. Pay Ongoing Expenses If you are having a difficult time paying ongoing business expenses, SBA loan assistance can provide you with money for benefits and payroll. You can pay employees for their working hours and continue t ..read more

Did you know that about 10,000 people die every year from hurricanes and even more are left with nothing after it happens? If you're a homeowner or business owner affected by a hurricane, you might be struggling to make ends meet. Luckily, there are loan options available to help you recover from the damages. There are loans and help that can assist those who have experienced a natural disaster. In this guide, we'll provide you with everything you need to know about economic injury disaster loans after a hurricane. What Are Economic Injury Disaster Loans? Economic Injury Disaster Loans are lo ..read more

You're about to sign the agreement for your equipment financing. You think everything is going great, and then you realize that you didn't do as much research as you could. Do you still sign the agreement? The answer is no! There are so many equipment financing mistakes you need to avoid when finding a lender, and step number one is to find a lender after doing enough research. But what are the other steps to know to apply for equipment loans? Read on to learn what to avoid when you are trying to find the right lender for your small business! 1. Not Looking at All Options When it comes to loo ..read more

Unfortunately, nearly 200,000 businesses shut down permanently during the pandemic's first year. So, if you're here, chances are your business needs an SBA Working Capital Loan.  But with the right SBA loans, your MainStreet business can thrive. These loans aren't always quick to approve. But, with these expert steps, you can get the necessary working capital and equipment financing.  So, read on to discover which small business loan is right for you. Together we can help your business overcome the economic disaster.  According to H&R Block, sadly, "53% of black-owned busin ..read more

Owning a business is the culmination of hard-fought dreams for many people. They spend years fighting to make their business a competitive player in the market. It's a great feeling when other people see how hard you've worked and acknowledge the effort that went into making your business a success. This acknowledgment can come from a thriving customer base. It can also come from an offer to sell or merge businesses.  An offer to sell your business can be a welcome surprise. There are a lot of things to consider, and merger and acquisition advisors are the perfect resources to help you a ..read more

Did you know that this month, the Small Business Administration (SBA) announced that they are no longer accepting applications about requests for an increase of an Economic Injury Disaster Loan (EIDL)? Even though the SBA ran out of funds for applicants who wished to increase their EIDL, there are other alternatives. Consider other options, such as an SBA working capital loan. According to the SBA, this is the most frequently used loan program. One of the causes why businesses cease to exist is not having enough capital. Are you looking for an increase in your funds to cover the pan ..read more

Did you know that the SBA provided $44.8 billion in funding to small businesses? That's a lot of money, and it can be used for various purposes of your choosing. Your business is one loan away from taking it to the next level. We'll explore each of these purposes, and working capital loans, including what they are, how you can get one for your business, and more in this blog post. 1. What Are Working Capital Loans and What Can They Be Used For? Working capital loans are a type of loan that can be used to finance the day-to-day operations of a business. The loan covers expenses such ..read more

Asset-based lending is a $465 billion market. This type of lending is becoming more popular, as it can be a faster and easier way for businesses to get the money they need. Asset based lending is a great option for businesses that have a lot of assets, but may not have the best credit score. This type of lending is also a good option for businesses that need money quickly, as it can be a faster way to get funding than other types of loans. Are you considering applying for asset based lending? In this article, we will walk you through everything you need to know about asset based loans in busi ..read more

The US economy is fueled by the 32.5 small businesses in the country. Yet, it can be daunting to be a small business in today's world.  Nearly 20% of all small businesses fail in the first year. Nearly 50% fail in the first five years.  What's one key to the success of a small business? Businesses need working capital to stay afloat and do the things they need to keep running.  If you run a small business, you might wonder about getting an SBA working capital loan for your business. How much working capital can you get? What does it take? Read on for this complete guide to ..read more