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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?

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 U.S. Small Business Administration (SBA) announced changes February 24, 2021 designed to reduce delays in the Paycheck Protection Program (PPP) approval process. In order to reach 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?

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 by the U.S. Small Business Administration (SBA) to help businesses affected by the COVID-19 crisis keep employees on their payrolls.  Despite the range of lender options, many […]

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)?

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 and fairly simple to apply using Revenued’s automated application powered by Cross River Bank, some business owners may still face confusion over what documentation they need to […]

Documents Needed: Corporations (& LLCs that file as Corporations)

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 loan, we understand the urgency of PPP funding for your small business and we are working hard to facilitate this relief. If you haven’t already, start […]

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

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 loan, we understand the urgency of PPP funding for your small business and we are working hard to facilitate this relief. If you haven’t already, start […]

PPP Documents Needed: Non-Profits

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 loan, we understand the urgency of PPP funding for your small business and we are working hard to facilitate this relief. If you haven’t already, start […]