Category: Small Business Funding

The EIDL advance is back! This SBA program was established in 2020 to address the economic impact of the COVID pandemic on small businesses. It provided an advance to business owners who applied for an EIDL(Economic Injury Disaster Loan) loan. The $20 billion that backed the first round of EIDL advances was exhausted by the […]

Have you applied for an SBA loan and been denied? This can be disappointing, even devastating when in need of small business funding. An SBA loan is considered to be one of the best options for small businesses. However, the reality is that these loans can be difficult to obtain as the SBA has stringent […]

Every business experiences ups and downs, including interruptions to your cash flow. It’s important to make sure you have a safety net when this happens. However, waiting to create a safety net until you actually need one won’t be very helpful. When it comes to commercial finance, a business should have a backup source of […]

If you had an established business and survived the financial crisis of 2008, you probably already understand the importance of having a business continuity plan. Those business owners without a plan in 2020 are currently struggling to ride out the economic crisis caused by the COVID pandemic. They are now realizing the importance of having […]