Category: Business Financing

Beyond the PPP: Alternative Financing Options Still Available Today

Beyond the PPP: Alternative Financing Options Still Available Today

I think it’s safe to say the Paycheck Protection Program wasn’t a good fit for every small business looking for capital. What’s more, the SBA loan is not the only source of financing options still available today. A savvy business owner can leverage the loan options that are available to maintain business operations, grow revenue, and exit the current financial crises a little bruised and battered, but none the worse for wear. We’re Not in 2019 Anymore The Technicolor world… Read More
Self Employed: How to Fill Out the PPP Loan Forgiveness Application Form

Self Employed: How to Fill Out the PPP Loan Forgiveness Application Form

This article was updated June 17, 2020 with information from the new PPP Forgiveness Application 3608EZ and the 19th Interim Final Rule.  If you’re self-employed and qualified for a Paycheck Protection Program (PPP) loan, then no doubt you are hoping you can get as much of it forgiven as possible. We’ll walk through that process in this article.  This article discusses forgiveness only for those who are:  Self-employed  Have no (zero) W-2 employees and  Filed (or will file) Schedule C… Read More
Is Your Business Eligible for More PPP Loan Funds?

Is Your Business Eligible for More PPP Loan Funds?

Partnerships and seasonal employers may not have received the full amount of Paycheck Protection Program funds for which they are eligible, and may apply for additional funds, according to a new rule issued by the SBA.   But they will need to act quickly. Please note, the material contained in this article is for informational purposes only, is general in nature, and should not be relied upon or construed as a legal opinion or legal advice.  Who’s eligible for more funds?… Read More
4 Types of Crowdfunding: Which One Is Right For You?

4 Types of Crowdfunding: Which One Is Right For You?

So you could use a little cash injection for your small business, but you’re not sure you can get a traditional small business loan. Short of winning the lottery (or draining your personal savings), what option do you have for funding? Here are the 4 types of crowdfunding and what you need to know to choose the right one for your business needs. Crowdfunding may be for you. If you’re not familiar with the concept, crowdfunding essentially allows you to… Read More
Rejected for a PPP Loan? What to Do Next

Rejected for a PPP Loan? What to Do Next

If you’re like most small business owners, you’re still struggling with cash flow as stay-at-home orders stretch on and on. If you find your PPP loan application rejected, you may be wondering what business financing options you have left. The initial $349 billion that the SBA put into the program quickly ran out, so some businesses may have been rejected for PPP loan funds for that reason. However, the SBA did replenish the Paycheck Protection Program funds in April with… Read More
5 Reasons To Return Your PPP Loan

5 Reasons To Return Your PPP Loan

This article was updated June 5, 2020 to reflect changes in the Paycheck Protection Program Flexibility Act of 2020. The Paycheck Protection Program (PPP) offers a loan that may be completely forgiven if funds are spent correctly—mainly on payroll. Some small businesses have applied for it as a lifeline only to discover it’s not the perfect fit for their business and may want to return their PPP loan. Here are 5 reasons you may want to pay back your PPP… Read More