New Paycheck Protection Program (PPP) Loans: How to Qualify and Apply
Updated January 11, 2021: The SBA has released guidance for new Paycheck Protection Program (PPP) loans available under…
How to Accept Credit Card Payments
Accepting debit and credit card payments can help your business make more money. The more payment methods you…
Why Was My Business Loan Application Denied?
This is a pretty simple question with a more complicated answer. There are a lot of reasons why…
Further COVID Stimulus on Hold for Now: What Does That Mean for Small Businesses?
Last week, the president announced that COVID stimulus is on hold for now and that further negotiations on…
How to Pay Back an EIDL or PPP Loan
If your business received an Economic Injury Disaster Loan (EIDL) or Paycheck Protection Program (PPP) loan, you may…
5 Ways to Make Budgeting and Strategic Borrowing Easier
Over the nearly 40 years I’ve either owned or otherwise worked in a small business, I’ve observed that…
5 Simple Ways to Organize Your Small Business Finances
Credit scores are often seen as the number one obstacle preventing small businesses from getting financing. But disorganized…
7 Ways the Paycheck Protection Program Flexibility Act Can Help Your Business
Update 6/5/2020: President Trump signed the Paycheck Protection Program Flexibility Act into law. The legislation gives small business…
What Lenders Want to Know About Your Business Right Now
Whether you’re talking to an SBA lender or any other lender, they all are trying to get the…
What You Need to Know About Managing Cash Flow Post-COVID-19
Poor cash flow management has rung the death knell for many small businesses over the years, making successful…
Additional PPP Guidance for Seasonal Businesses
It took a while to get here, but the SBA has provided some additional PPP guidance for seasonal…
COVID-19 Small Business Relief Funds Exhausted
You may have heard that the Small Business Administration (SBA) has run out of money to fund the…
COVID Disaster Loans vs. Paycheck Protection Program Loans
This article was updated on April 3, 2020 to clarify that there is no guaranteed amount for the…
Frequently Asked Questions About Applying for SBA Disaster Loans (EIDL) Due to Coronavirus
This article has been updated April 23, 2020 to include additional funding approved by Congress. Small business owners…
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…
11 Ways Retailers Can Combat Coronavirus Fears
Rita Mitchell, Certified Counselor at the USM Small Business Development Center’s College of Business and Economic Development, compiled…
11 Options if Your Small Business Can’t Pay its Bills Due to Coronavirus
Coronavirus is having a significant impact on many small businesses already and no one knows how long or…
Do You Qualify for the $367 Billion in SBA Loans for COVID-19?
This article was updated on March 27, 2020, with the current state of the SBA Disaster Assistance in…
Small Business Crowdfunding: Best Crowdfunding Platforms in 2020
When you need funding to launch your startup or pilot an existing business through the next phase of…
4 Ways to Work on Strengthening Your Business Credit in 2020
You have big goals for your startup in 2020. Growth, higher profits and a better online presence might…