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Our Most Frequently Asked Questions About the Economic Injury Disaster Loan (EIDL)

The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes two solutions for small business financial relief during the COVID-19 Pandemic: the Paycheck Protection Program, which ended August 8, and the Economic Injury Disaster Loans (EIDL) program. Since March, we’ve been able to provide businesses with an online application platform for the Paycheck Protection Program […]

TD Bank Checking Accounts & Loans: Small Businesses 101

Although it isn’t as well known as some of its large chain competitors, TD Bank is the ninth largest bank in the country. It’s a subsidiary of the Toronto-Dominion Bank, which was established in Canada, and now operates in fifteen different states and also in Washington, D.C. Even though it doesn’t have nation-wide branches, it […]

Are Cash Advances a Good Idea for Businesses?

A merchant cash advance (more commonly called a cash advance), is a financial transaction between your business and an alternative financing company. The company purchases your receivables at a discounted rate, essentially “advancing” your future revenue. This advance amount is the total amount of capital the funding company will advance you.

A Complete Review of the Federal Reserve SMB Lending Publication

The Federal Reserve recently published a report about small business lending: Browsing to Borrow: “Mom & Pop” Small Business Perspectives on Online LendersBrowsing to Borrow: “Mom & Pop” Small Business Perspectives on Online Lenders. This lending publication examines perceptions of a select group of small business owners about online lenders, as well as their understanding […]

What Is a Bad Credit Score & Can You Get Bad Credit Business Loans?

Similar to a personal credit score, a business credit score helps determine the creditworthiness of your company. Here is what you need to know about them.

Should You, or Should You Not? Review of PayPal Working Capital

PayPal Working Capital offers an alternative to other small business credit and loan options. Introduced to all PayPal users in 2014, this service has been developing traction among business owners in recent years — but is it a route worth exploring for your company’s financing needs?

Guide to Understanding MCA vs. Traditional Bank Loans

Unlike a traditional bank loan, an MCA is best for a business owner who needs access to cash quickly, often to meet a short-term need for capital. The funds are repaid by withholding a percentage of your businesses debit/credit card sales.

How to Get a Business Loan

One of the most feasible ways to kickstart your small business — and establish a stable financial foundation you can build from — is to secure a business loan.

Bank of America Business Credit Card Review

Bank of America offers three primary business credit cards. It’s not uncommon for many banks to offer specific credit cards catering to business customers, with features and benefits that could help you cut costs upfront.

The Best Small Business Loans for Women

According to a report commissioned last year by American Express, women own roughly 11.6 million U.S.-based businesses, amounting to nearly 9 million employees and more than $1.7 trillion in revenue.