Category: Business Financing

5 Best Easy Business Loans

5 Best Easy Business Loans

Funding your business is necessary, but can be complicated. Sometimes, you just need financing fast. That’s why we compiled this list of business loans that make it easier to qualify than traditional bank loans. If you’re a new business, an entrepreneur, or a startup that is struggling to get funding, we have you covered. The right easy loan has a fast application process, quick funding times, and can provide you with enough working capital for your business needs. In this… Read More
Accounts Receivable Financing

Accounts Receivable Financing

What is Accounts Receivable Financing? Accounts receivable financing is a type of financing arrangement wherein a business receives financing funds based on part of its accounts receivable (AR) as either a loan or asset sale. It’s used to help businesses get cash instantly without having to wait as you might with other financing options like usual small business loans.  Whether you’re trying to expand your business or simply make ends meet, cash flow constraints are one of the biggest challenges… Read More
The Best Working Capital Loans: What You Need to Know

The Best Working Capital Loans: What You Need to Know

Working capital is the money a business uses to cover its daily expenses like utilities, supplies, payroll, and rent. A working capital loan offers your business a way to temporarily pay for these expenses when your bank account is running low.  You might think that if your business is successful and you manage its finances correctly, you'll never need a working capital loan. But that’s not necessarily true. Maintaining a balance of cash on hand can be a challenge. While… Read More
What Is the SBA’s Definition of Small Business?

What Is the SBA’s Definition of Small Business?

Small business owners who would like to get an SBA loan or to compete for federal government contracts set aside for small businesses must meet the U.S. Small Business Administration’s definition of a small business. Here we’ll explore exactly what that means and ways to take advantage of government resources for small businesses,   The SBA offers its Size Standards Tool, an online tool that will walk you through basic questions to help determine whether your business qualifies as a small… Read More
Business Loans for Nonprofits

Business Loans for Nonprofits

If you run a nonprofit that doesn’t rely on fundraising, you may be looking for a solution to your business financing needs. Is your nonprofit eligible for a business loan? Where should you look? What kind of terms and rates do you qualify for? What to Know About Business Loans for Nonprofits Nonprofit organizations are notorious for facing a mountain of financial struggles. Many use fundraising and apply for grants to get the capital they need to boost cash flow… Read More
The New York Small Business Recovery Grant Program

The New York Small Business Recovery Grant Program

What is the New York State COVID-19 Pandemic Small Business Recovery Grant Program? While COVID-19 is still an active threat to many small businesses well into 2022, most pandemic economic recovery programs, like the Small Business Administration’s Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL) from 2020 and 2021, have stopped accepting applicants. But New York State still has one program available to help struggling businesses who are recovering from the impacts of the COVID-19 pandemic: The… Read More