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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 […]

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.

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.

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.