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What Happens When You Default on a Merchant Cash Advance?

A Merchant Cash Advance (MCA) can be a critical tool for getting your business through tough economic times. When MCAs were first rolled out, they saw businesses receive a lump sum, cash payment in exchange from a funder in exchange for a percentage of future sales, typically carried out via debit or credit card. […]

What Happens if you Default on an SBA Loan?

There are many reasons to take a loan administered by the Small Business Administration (SBA). These loans come with low interest rates, favorable repayment terms, and generous limits, anywhere from a few thousand dollars to $5 million. But let’s say you’re a small business with an SBA loan and, despite your best efforts, can’t […]

Can Nonprofits Get SBA Loans?

During the Covid-19 pandemic, the Small Business Administration (SBA) stepped up and provided disaster loans to nonprofit organizations. The 2020 CARES act granted loans to nonprofit organizations through the Economic Injury Disaster Loan (EIDL) program that were previously available only to small businesses. As well, the Paycheck Protection Program (PPP) was extended to nonprofit […]

A Merchant Cash Advance: Scam? Or a Good Way to Get Cash Fast?

You’ve probably heard about merchant cash advances. These are financing options provided in one or two business days to business owners that don’t possess outstanding credit. There are upsides and downsides to MCAs. One upside is that a business can get access to cash fast, with clear terms, for a fixed time period. One […]

Is a Merchant Cash Advance a Good Idea for my Business?

Merchant cash advance (MCA) offers businesses an alternative over other small business financing options. Unlike different types of business funding that require lengthy applications and strict terms, MCAs provide fast and flexible funds to small businesses. 45% of businesses fail within the first five years of being open, and one of the top reasons that […]

I Own a Nonprofit — What Business Loan Options are out There for me?

When we talk about bank loans, most often we are referring to home or business loans. But non-profit organizations occasionally need extra funding as well. Whether it’s to balance the books, expand operations, or pay off debt, loans for non-profit organizations are commonplace. Most non-profit organizations generate operating expenses from fundraising or grant applications, […]

How Hard is it to Get an SBA Loan?

SBA loans are considered one of the most attractive types of small business loans for both borrowers and lenders. The main purpose of SBA loans is to help small businesses get the funding they need by lowering the risk for the lender. Without capital, businesses can’t function. This is why small business loans are so […]

What is an MCA?

38% of startups fail due to a lack of cash alone. Traditional loans and lines of credit are certainly helpful, and sometimes necessary, for small businesses and startups to keep their doors open. That said, the process of applying for and being approved for small business loans can be extremely rigorous and time-consuming. Generally, […]

Business Lines of Credit for Rainy Days and Growth Opportunities

What is a business line of credit? It’s a secured or unsecured line of credit a business uses to fund growth or pay down debt. It’s a revolving line of credit, meaning that however much you have already borrowed, you can always borrow more – up to your limit. A business line of credit functions […]

How to Get a Small Business Loan

Starting your small business requires dedication, motivation, commitment, hard work…and money. From hiring employees to renting a space and purchasing inventory, you need cash in order to get your business up and running. Loans for small businesses allow entrepreneurs to take important steps for their enterprises during the beginning and growth stages of the business […]

What is a Personal Guarantee on a Business Loan?

A personal guarantee on a business loan isn’t just common; it is often required of many small businesses. Before you sign off on any loans, it is crucial to understand the ins and outs of personal guarantees to protect both your business and personal finances. Lenders also want to make sure that their finances are […]

Secured Business Loans: What are They and Should You Get One?

Applying for a business loan is a common step taken by entrepreneurs to obtain the financing they need to grow their small businesses, expand their services or inventory, and pay for their day-to-day operations during the initial stages of their venture. While a loan can serve as a critical tool for establishing or strengthening your […]

What is an Unsecured Business Loan?

Before signing off on any business loans, you’re going to want to know a thing or two about the different types of loans out there so you can determine which one is the right fit for you. No one knows better than small business owners how precious time is, so let’s dive right in! The […]

What Can Be Used as Collateral for a Business Loan?

The vast majority of small business owners will need to obtain a loan at some point in their company’s lifecycle, whether it’s to get the venture off the ground or to grow to scale once business is booming. Business loans require collateral, a concept which small business owners may not be familiar with, especially […]

Where to Get a Business Loan

No matter what your small business does, you’re going to need financing to make it happen. Cue small business loans! Small business loans are designed to give individuals the funding they need to maintain and grow their small businesses. The idea of taking out a loan may be anxiety-inducing for many people, but it doesn’t […]

What is an SBA Loan?

Small businesses are an integral part of the economy but they also help make up the backbone of the communities they serve and the country as a whole. After all, part of the foundation of the American dream is that anyone who wants to can open their own business. Opening your own business can be […]

The 3 Top Reasons for a Business Loan Denial

So you’ve established your business, poured your heart and soul into getting your enterprise off the ground, worked out a solid business plan and roadmap for profitability…. but there’s a problem – you need funding. You could be looking for financing in order to grow your business to scale, expand your inventory or equipment, or […]

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 the Shuttered Venue Operators Grant (SVOG)?

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 grants […]

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 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. Find Out if Your Business Qualifies It’s a fully refundable tax credit for employers equal to 50 percent […]

What SBA Covid-19 Programs Am I Eligible For?

With Covid-19 changing business operations for most of 2020 and 2021, many business owners have turned to SBA programs like the Paycheck Protection Program for financial relief. What gets complicated is when one business is looking to qualify for more than one program – but don’t worry, we’ve put together a brief cross-eligibility guide designed […]

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 […]

Are You Personally Liable for Your Business Loans?

When you take out a loan in your business name, you probably plan on having enough steady revenue to cover the payments. When the unexpected happens — sales drop off, expenses skyrocket, or you deplete your rainy day fund — your business may not be able to shoulder the burden the way you’d hoped. If […]

What are the Changes to the PPP and Does it Affect My Business?

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. The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Borrowers may be eligible for PPP loan forgiveness. The […]

How Do You Get a Working Capital Loan?

How Do You Get a Working Capital Loan? Not having enough money on hand is extremely stressful for any entrepreneur. In fact, cash flow is the main reason most companies fail. During lean times, your company may lack the asset liquidity or cash on hand to offset daily operational expenses. Through a working capital loan, […]

Where Should My Small Business Apply for PPP Funding?

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. More than 5,000 Paycheck Protection Program (PPP) lending organizations are available countrywide, including big banks, smaller local credit unions, and online fintech companies. They offer forgivable loans backed […]

Is a Business Line of Credit a Good Idea?

If you are growing your company or need capital to cover everyday expenses, a business line of credit can be a good idea. If you need fast access to funds, you could apply for a loan; however, that could take too long to help you with your urgent requirements. Additionally, about 30% of small business […]

What Documentation is Needed for the Paycheck Protection Program (PPP)?

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. The SBA Paycheck Protection Program (PPP) is designed to help small businesses and independent contractors who have been negatively impacted by the COVID-19 pandemic. Despite it being quick […]

Documents Needed for the PPP: Corporations (& LLCs that file as Corporations)

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 haven’t already, start your PPP application now To streamline the application process and ensure you’re able to complete the full application using our automated platform, please […]

Documents Needed: Partnerships (& LLCs That File as Partnerships)

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 haven’t already, start your PPP application now. To streamline the application process and ensure you’re able to complete the full application using our automated platform, […]

PPP Documents Needed: Non-Profits

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. Revenued is currently accepting applications for the US Small Business Administration (SBA) Paycheck Protection Program (PPP). Whether you are a first-time applicant or a borrower seeking a second […]

PPP Documents Needed: Sole Proprietorship / Self Employed with Employees

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. Revenued is currently accepting applications for the US Small Business Administration (SBA) Paycheck Protection Program (PPP). Whether you are a first-time applicant or a borrower seeking a second draw […]

PPP Documents Needed: Independent Contractor / Self-Employed / Sole Proprietorship with No Employees

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. Revenued is currently accepting applications for the US Small Business Administration (SBA) Paycheck Protection Program (PPP). Whether you are a first-time applicant or a borrower seeking a second draw […]

How Can I Apply for PPP Funding?

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. The Paycheck Protection Program (PPP) was first established in early 2020 under the Coronavirus Aid, Relief, and Economic Security (CARES) Act and was revived for 2021 by recent legislation. […]

Why Would a Business Need a Line of Credit?

Owners often seek out a line of credit when they need access to capital to fund their businesses. This form of financing is flexible and can supply firms with working capital when revenue is tight. Lines of credit are typically affordable compared to other financing options; however, securing one can be challenging. Many have […]

What’s Changed in the Second Round of PPP Funding?

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. President Trump signed the $2.3 trillion Consolidated Appropriations Act, 2021, into law on December 27, offering critical help to struggling small businesses. The act provides $284 billion in […]

Frequently Asked Questions About the Paycheck Protection Program (PPP) from Revenued

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. During the last two rounds of the SBA Payroll Protection Program (PPP), Revenued proudly processed over $1.8B in PPP loans for businesses affected by Covid-19 through our online application […]

What is a Business Line of Credit and How Does It Work?

The ability to adapt to change is crucial to the success of every small business. This is especially true during periods of uneven cash flow or times of growth. An unsecured line of credit can be ideal when you need ready access to short-term cash and flexible fund repayment terms. A business line of credit […]

What is the Purpose of a Small Business Loan?

It can require a considerable amount of capital to start and maintain a company. Most business owners don’t have that kind of money lying around. They obtain small business loans with the ultimate goal of boosting profits and then plan on paying back the loan once revenue starts rolling in. Small business loans are […]

Why Would a Business Need Payroll Financing?

Every business experiences lean times when more cash seems to be flowing out than in. That’s when you are required to make hard choices about the bills to pay now and what can wait. Payroll is an operating cost you can’t delay. After all, your employees are the lifeblood of your operations, so getting them […]

What You Need to Know About Business Loans

Securing a loan to finance your small business can be a formidable task—especially if you are running a relatively new venture. It’s not as straightforward as preparing a business plan and walking into your neighborhood bank. Business loan complexity can be attributed to most lenders’ risk aversion. It’s easier for a banker to say […]

How to Manage a Business Line of Credit

Having several different financial resources to choose from is helpful when expanding your business. Flexibility allows your company to adapt to change, especially during periods of uneven cash flow or growth. A business line of credit is an essential financial tool for many entrepreneurs. However, you need to be sure you can manage it. If […]

What Businesses Are Eligible for PPP Loans?

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. The Paycheck Protection Program (PPP) is a short-term loan program administered by the Small Business Administration (SBA) to help small businesses with 500 employees or fewer who have been […]

What Small Business Administration (SBA) Loans Does Revenued Provide?

The U.S. federal government offers loans and grants through the Small Business Administration (SBA) to assist entrepreneurs and small businesses in need of financing. These loans are provided by approved lenders and backed by the SBA. Revenued does not directly provide SBA loans; however, we have assisted businesses in applying for an SBA loan known […]

What is the SBA Paycheck Protection Program (PPP)?

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. The Paycheck Protection Program (PPP) is a Small Business Administration (SBA) loan program established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help small businesses keep […]

What is a Merchant Cash Advance?

A merchant cash advance (MCA) is a financing option that quickly provides cash for businesses. It is designed for small business owners who need money but don’t meet a traditional loan’s credit requirements. A traditional loan might be a better option for businesses with long operational histories and more substantial credit scores. However, for companies that […]

Who is Eligible for the Paycheck Protection Program (PPP)?

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. To diminish the spread of COVID-19, U.S. companies were ordered to close down or severely limit operations. This severely impacted the lives and well-being of individuals and continues to […]

What Are Some Small Business Funding Options

Entrepreneurship is risky. Although four out of five small businesses survive their first year, only one out of three make it to the 10-year mark. The potential benefits of small business ownership are alluring — the freedom to make your own decisions, set your own schedule, and reap the benefits when the big risks pay […]

Should Small Businesses Use PPP Loans?

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. Many U.S. small businesses affected by the COVID-19 pandemic received help through billions of dollars the federal government made available through loans that could be converted to grants if […]

How Much Does a PPP Loan Cost?

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. The COVID-19 pandemic adversely affected scores of U.S. small businesses when the government ordered them to close or limit operations to slow the disease’s spread. Concerned that mass layoffs […]

How Does the SBA Paycheck Protection Program (PPP) Work?

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. The SBA Paycheck Protection Program (PPP) is a $659 billion initiative created within the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help small businesses with payroll and […]

How Does an MCA Work?

An MCA, short for Merchant Cash Advance, is an agreement between a business owner and an alternative finance company. The business owner agrees to sell a percentage of the company’s future revenue. Additionally, the MCA provider agrees to buy the future income at a discounted rate — essentially “advancing” future revenue to the company. This […]

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?