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What Is a Good Interest Rate on a Business Loan?

The business loan interest rate you’ll pay will depend on the loan and type of lender you have. However, on average, credit union and bank installment loans typically offer interest rates in the low single digits.  Online and alternative lenders may offer a faster and easier funding and application process, yet their interest rates may […]

What is a Shuttered Venue Operators Grant?

The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance.   Eligible applicants may qualify for […]

COVID-19 Economic Injury Disaster Loan

This loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue. Loan details APPLY HERE  In response to COVID-19, small business owners, including agricultural businesses, and nonprofit organizations in all U.S. states, Washington D.C., and territories can apply for the COVID-19 Economic Injury Disaster Loan (EIDL). […]

How SVOG Funds May Be Used

SVOG funds may only be used for the specific purposes listed below. Grantees are required to maintain documentation demonstrating that they have complied with these uses. Further, as a grantee, you must retain employment records for four years following receipt of funds and you must retain all other records for three years. Payroll Rent Utilities […]

What are the Required Documents for the SVOG?

To assist you with the SVOG application, SBA has prepared the following: FAQs: The list of Frequently Asked Questions (FAQs) answers common questions about the SVOG program, defines terms, and provides additional guidance. Please refer to and carefully review the FAQs for guidance as you complete the SVOG application. Application Checklist: The Application Checklist is […]

What Documentation is Needed for the Employee Retention Credit (ERC) ?

The Employee Retention Credit (ERC) is a tax credit available for small business owners, LLC’s, S-Corps, or 1099 employees. Similar to the $1,200 stimulus check taxpayers received, this credit is designed to help small businesses during these trying times. The ERC is not a loan, it is a tax credit, meaning that it does not […]

What Documents Do I Need to Apply for a Second-Draw PPP Loan?

Note: Due to funding no longer being available through the US Small Business Administration (SBA) for the Paycheck Protection Program (PPP), Revenued is no longer accepting applications. If you’ve already received your first Paycheck Protection Program (PPP) Loan, you many now be  eligible for a second-draw loan if: You can substantiate that you had a […]

Everything You Need to Know About Restaurant Revitalization Fund Grants (RRFG)

What entities are eligible for Restaurant Revitalization Fund Grants (RRFG)? Entities that own a place of business where the public or patrons assemble for the primary purpose of being served food or drink, including a: • Restaurant, Food Stand, Food Truck, Food Cart • Snack and Nonalcoholic Beverage Bar • Caterer • Bar, Lounge, Saloon, […]

What is the Employee Retention Credit (ERC)?

The Employee Retention Credit (ERC) is a tax credit available for small business owners, LLC’s, S-Corps or 1099 employees. Similar to the $1,200 stimulus check taxpayers received, this credit is designed to help small businesses during these trying times. The ERC is not a loan, it’s a tax credit, meaning that it does not have […]

Can I Use My Business Loan to Pay Off Credit Card Debt?

Under the right circumstances, using a business loan to pay off credit card balances can be a savvy move to manage debt. This is known as debt refinancing. It’s a strategy that can deliver numerous benefits for you and your business under the right circumstances. Business credit cards can be a convenient source of capital […]