Business

The cost of purchasing or upgrading existing equipment is also a concern for small businesses, and sometimes equipment breaks at the worst possible time. Fortunately, equipment loans can be obtained from both traditional and online lenders.

How can our small business customers navigate the labor shortages, along with all the headwinds they are facing?

It’s not unusual for many business owners to use personal funds to finance their companies when they are just starting. However, as your company grows and financing demands increase, you will most likely want to establish business credit. It will significantly reduce the strain on your personal finances and provide a host of other benefits as well.

As a budding entrepreneur, you might be wondering how best to structure your business. For small businesses, the two most common options are sole proprietorship and an LLC (limited liability company).

SBA announced they will only accept PPP loan applications from businesses with fewer than 20 employees. If your business has under 20 employees, you may qualify to be prioritized for a PPP loan through March 10, 2021.