Ty Kiisel

Ty Kiisel

Ty Kiisel is a Main Street business advocate, author, and marketing veteran with over 30 years in the trenches writing about small business and small business financing. His mission at Nav is to make the maze of small business financing accessible by weaving personal experiences and other relevant anecdotes into a regular discussion of one of the biggest challenges facing small business owners today.

Articles by Ty Kiisel

COVID-19

Can I Get a COVID Loan With a Felony on My Record?

Over the last few days, “Can I get a COVID loan with a felony on my record,” is a question …
COVID-19

How Much Can I Borrow and What Can I Use PPP Loan Funds For?

If it feels like the Paycheck Protection Program has evolved since it was signed into law about a week ago, …
COVID-19

Paycheck Protection Loans are Intended to Keep Employees on the Payroll: What Does that Mean?

The Paycheck Protection Program (PPP) is designed first, to keep your employees employed as well as help your business remain …
COVID-19

Avoid Small Business Lending Scams and Fraud Related to COVID-19

With nearly $400 billion on the line between the Economic Injury Disaster Loans (EIDL) and the Paycheck Protection Program (PPP), …
COVID-19

What is the Economic Injury Disaster Loan Grant and What Does it Mean for Small Business?

This article was updated on April 3 to clarify that there is no guaranteed amount for the EIDL advance/grant. We …
COVID-19

Prepare Your Application for the SBA Paycheck Protection Program

Update:The President has signed the PPP Extension Act which extends the deadline to apply for PPP loans to August 8, …
COVID-19

Applying for a Business Loan Is Changing Due to COVID-19: Here’s What It Means

As the coronavirus ravages businesses, small business lenders are re-evaluating their underwriting policies, along with reviewing their risk tolerances for …
Article

Does it Make Sense to Fund My Business With Home Equity?

I not only grew up in a family business and watched my Dad dip into the equity in our home …
Article

What Does the Fed’s Rate Cut Mean for Small Business?

On Sunday the Federal Reserve made an unprecedented cut to the federal funds rate for the second time this month …