The Biden administration announced five major changes in the Payroll Protection Program this week to make access to PPP loans more equitable, which could make a big difference for small businesses. Starting February 24, 2021, the U.S. Small Business Administration will begin accepting applications for PPP loans exclusively for businesses under 20 employees and sole […]
finance
New Round of PPP Loans Lends a Helping Hand to Small Businesses
The small-business aid included in the $900 billion pandemic relief package approved last month has started to flow, and businesses are ready for the relief. The U.S. Small Business Administration reopened the Paycheck Protection Program (PPP) for First Draw PPP Loans the week of January 11, 2021. SBA began accepting applications for Second Draw PPP […]
Barstool Throws Lifeline to Drowning Businesses
On December 17, 2020, Dave Portnoy, Founder of Barstool Sports, launched “The Barstool Fund” for small businesses struggling to stay afloat during the COVID-19 pandemic. Companies can apply for assistance with needs such as rent or tax payments by sharing their stories by email, so long as they have continued to pay their employees throughout […]
How to Improve Business Finances & Cash Flow
by Wave Business cash flow describes the flow of money from your business’s current accounts receivable to your future accounts receivable — essentially, it is the total of your monthly cash flow minus the balance on your accounts payable. It is important to learn what cash flow is to make better decisions in running the […]
Contactless Holidays: How Retailers Can Make Safer Payments a Reality for Peak Season
by David Wilkinson For independent retailers, the holiday season is always highlighted — finishing the year with as much profit as possible is significant to your business. This year, it is even more important, and that’s not all. Before you start thinking about decorations and window displays, you will have to take extra steps to […]
12 Ways Retailers Can Save Money During COVID-19
by Seth Tenenbaum Never have independent retailers needed to tap into their ingenuity as much as during COVID-19. From changing their product mix to expanding their social media impact, retailers are finding new ways to add value and push ahead (or at least hold steady). What you may not realize, though, is how much creativity […]
Business Payday Loans: Are They Good for Business Financing?
by Tiffany Wagner A payday loan is a type of short-term financing that enables individuals to borrow an amount of cash for a flat interest rate. People who have no or bad credit history resort to taking out a payday loan because of its soft credit check and fast way to get the money they […]
The COVID-19 Related Acts – Does the Stimulus Help Retailers?
By: Rania V. Sedhom It’s unclear when COVID-19 truly made its presence known. However, most retailers were closed in major markets by mid-March and had no choice but to make decisions that immediately affected their employees, customers, and supply chain. Most of the companies with whom I work furloughed 50 percent of their employees and […]
Kabbage Launches Online Hub to Help Boost Sales for U.S. Small Businesses Impacted by COVID-19
On Wednesday, March 18, Kabbage Inc. launched www.helpsmallbusiness.com to support small businesses financially impacted by COVID-19. The initiative is a call-to-action across the U.S., enabling anyone to purchase an online gift certificate from participating small businesses to provide them with crucial financial support. Certificates can be redeemed in full after they are issued or in […]
Five Banking Issues Online Retailers Are Facing
by Cameron Peake As a founder who has spent most of my career in financial services, I intimately know the unnecessary hurdles that small business owners face when it comes to banking. Whether you’re trying to open a bank account, send payments and transfers, or simply separate your business and personal finances without incurring costly […]
