CFO News Room

NOVEMBER 1, 2022

The Small Business Administration (SBA) offers several types of disaster loans to help businesses recover from disasters. An Economic Injury Disaster Loan (EIDL) can help you meet financial obligations like rent and health insurance. In a time of crisis, you need the loan right away. Check Your Loan Status Online.

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CSC Advisors

OCTOBER 24, 2023

The Small Business Administration (SBA), a U.S. government agency, plays a crucial role in supporting small business owners by offering various loan programs. Recognized for their favorable terms and competitive rates, SBA loans have become a cornerstone for many entrepreneurs seeking reliable financial backing.

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CSC Advisors

JUNE 27, 2023

Loans can help you quickly access the necessary funds to invest in either building or expanding your business. Before you step forth to conquer the mountain of paperwork and bureaucracy that it takes to acquire an SBA loan, you want to review your application qualifications and get organized.

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PYMNTS

JULY 13, 2020

Small Business Administration (SBA) announced in a press release the end of the Economic Injury Disaster Loan (EIDL) Advance program. The proceeds could be used to cover working capital and operating expenses, including healthcare benefits, rent, utilities and debt payments.

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Focus CFO

APRIL 19, 2022

Your Guide to SBA 7(a) Loans. Our friends at Filmore Capital have created a great guide that covers Everything You Need to Know About SBA 7(a) Loans: Acquisitions, Partner Buyouts and More. What Can a SBA 7(a) Loan Be Used For? Filmore Capital is a commercial loan broker based in North Carolina.

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CSC Advisors

OCTOBER 31, 2022

The Small Business Administration (SBA) offers several types of disaster loans to help businesses recover from disasters. An Economic Injury Disaster Loan (EIDL) can help you meet financial obligations like rent and health insurance. In a time of crisis, you need the loan right away. Check Your Loan Status Online.

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CSC Advisors

JUNE 20, 2022

There’s only one problem - you don’t have the working capital to do it. So what can you do to increase your working capital? The best way would be to borrow to increase your capital. In fact, that’s what over half of business owners have been doing - borrowing to increase their working capital.

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CSC Advisors

JUNE 27, 2023

With an economic injury disaster loan, you can get your business back on track. So, what are Economic Injury Disaster Loans, you ask? What Is An Economic Injury Disaster Loan? An Economic Injury Disaster Loan (EIDL) is a part of the economic relief plan due to the impact that the coronavirus pandemic has had on the economy.

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CFO Share

MAY 19, 2022

Business loan refinancing is laborious, and managers cannot afford to waste time on a project that bears no fruit. MCA loans are quick, easy, and expensive short-term loans offered online by various companies. MCA loans are quick, easy, and expensive short-term loans offered online by various companies.

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CSC Advisors

MAY 23, 2022

From your payroll to capital expenses, you need financial stability to keep your business open and successful. With the right loan, you can regain your financial footing to invest in new equipment or employees. Keep reading to learn how you can get a loan as a struggling business! A Struggling Business Could Use SBA Loans.

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PYMNTS

JANUARY 8, 2021

The Small Business Administration (SBA) has released guidance on applying for the second round of loans being offered under the Paycheck Protection Program (PPP), which has been a lifeline for many small businesses during the pandemic recession. The last day to apply for a PPP loan is March 31, 2021, according to the SBA guidelines.

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CSC Advisors

SEPTEMBER 22, 2021

Loans can help you quickly access the necessary funds to invest in either building or expanding your business. Before you step forth to conquer the mountain of paperwork and bureaucracy that it takes to acquire an SBA loan , you want to review your application qualifications and get organized. Determine Your SBA Loan Needs.

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CFO Simplified

AUGUST 22, 2022

Banks play an important role by providing working capital, equipment financing, and real estate acquisition financing, which helps continue driving economic growth. Change in Loan Covenants. Not every bank loan has covenants. How do you choose the right banking relationship for your business?

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PYMNTS

AUGUST 2, 2020

needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., But the New York consulting firm was on its own because Capital One wasn’t prepared to accept applications for the Paycheck Protection Program (PPP) when it launched. Rosati switched banks.

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PYMNTS

JANUARY 12, 2021

Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

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CSC Advisors

NOVEMBER 3, 2020

With an economic injury disaster loan, you can get your business back on track. So, what are Economic Injury Disaster Loans, you ask? What Is an Economic Injury Disaster Loan? An Economic Injury Disaster Loan (EIDL) is a part of the economic relief plan due to the impact that the coronavirus pandemic has had on the economy.

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PYMNTS

JANUARY 9, 2019

Small business finance company Reliant Funding is launching a new program that can link borrowers to faster, short-term capital while they wait for loan funds from the Small Business Administration (SBA). The program also guides small business owners through the SBA Loan process, linking them to an SBA Preferred Lender.

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PYMNTS

APRIL 27, 2020

The Paycheck Protection Program (PPP), which is intended to distribute loans to small businesses affected by coronavirus pandemic shutdowns, resumed activity on Monday (April 27) and it wasn’t even a full day before more reports of now-familiar glitches and delays resumed as well. Billiboria said banks were warned about this ahead of time.

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CSC Advisors

JUNE 6, 2022

One of these great options is disaster loan assistance. By utilizing disaster loans, you can help your business get back up and running. What if you're not sure how likely your prospects are for obtaining a loan? We'll tell you five ways to improve your chances of getting approved for a loan. Raise Credit Score.

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PYMNTS

FEBRUARY 14, 2019

Small Business Administration (SBA) loans have found a new avenue through which they can reach small businesses. 13) said that alternative lender Fountainhead Commercial Capital can now offer SBA loans through its platform after securing a Small Business Lending Company (SBLC) loan program license from American Business Lending.

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PYMNTS

JANUARY 29, 2020

small businesses had sought a loan online, compared to just 19 percent that did so in 2017. As the publication noted, Opportunity Fund recently dug into the numbers and found that the average interest rate among 150 online small business loan contracts is 94 percent, with one rate topping 358 percent. ” Knowing Their Options. .

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CFO Share

OCTOBER 27, 2022

If so, you know that now is a challenging time to pitch venture capital or angels. Capital shortages mean startup investors become pickier about which business they are willing to invest in. As a result, they need new investment funding every year or two in what is often referred to as a raise-burn capital plan. CDFI loans.

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PYMNTS

JUNE 16, 2020

The app is available in all 27 countries of the European Union (EU) and works with all the EU’s different currencies. Verse will continue to operate as an independent business, working out of their offices with no immediate changes to their existing products, customers, or business operations, Square added.

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PYMNTS

DECEMBER 11, 2020

When they seek a loan, SMBs must come to their own conclusions about how much they want to focus on the here and now, and how much they want to plan for the future. They're also tasked with choosing the best route to obtaining working capital as the number of options grows. Reading The Tea Leaves.

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PYMNTS

JULY 17, 2020

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives into the cash flow gaps of small and medium-sized businesses (SMBs), transit payments and a disaster loan program. SBA: EIDL Emergency Grant Program Runs Out Of Money

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PYMNTS

APRIL 27, 2020

Just get the work done.”. On Monday (April 27), The New York Times reported that well-funded startups, some of them flush with recent investment rounds, had also applied and received federal loans under PPP. But the first time around, the program’s bumps were due to it being administrated in uncharted territory.

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PYMNTS

APRIL 6, 2020

Wells Fargo announced it will begin taking loan applications on Monday (April 6) as part of the Paycheck Protection Program (PPP) and will disperse $10 billion to nonprofits and businesses with fewer than 50 employees. The loans can be used to cover costs like payroll, utilities, mortgage interest and rent. .

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PYMNTS

JULY 6, 2020

Interest in the space has been revitalized due to the harsh financial blows the pandemic has dealt, providing opportunities for SMBs to gain capital and for lenders to facilitate. government-supported Paycheck Protection Program (PPP) loans. government-supported Paycheck Protection Program (PPP) loans.

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PYMNTS

SEPTEMBER 24, 2020

smaller community banks and credit unions (CUs) stepped up to the plate and, according to the Small Business Association (SBA), ended up facilitating more than half of PPP loan volume to SMBs. But when you start working with them, you realize there are a lot of blind spots.". Fueling Small Business Recovery.

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PYMNTS

MAY 19, 2020

There were the initial questions of just who was eligible, lenders had trouble handling loan requests and then the first tranche of $349 billion was exhausted in a matter of days. One other issue that has been in the spotlight has been how companies can apply for loan forgiveness.

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PYMNTS

MAY 5, 2020

banks have extended over $500 billion in loans to small- to medium-sized businesses (SMBs) affected by the coronavirus pandemic. Banks Extend $500B In PPP Loans To Help Struggling SMBs. have extended over $500 billion in loans to SMBs affected by the pandemic. Analysts Say Wells Fargo Road To Recovery Will Be Tough.

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PYMNTS

FEBRUARY 4, 2020

Among the most disruptive changes introduced in 2016 by the Jumpstart Our Business Startups (JOBS) Act is the opportunity for small, private businesses to raise capital via crowdfunding, adding yet another avenue to capital to the long list of traditional and alternative finance options available to small to medium-sized businesses (SMBs) today.

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PYMNTS

MAY 31, 2019

The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially for small businesses and startups. Alternative finance , for instance, also filled the need for small business borrowers to obtain a faster, digital way to access capital. Earlier this month, the U.S.

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PYMNTS

AUGUST 12, 2019

Small business lending platform Funding Circle commented on this effect in its latest earnings data, noting that there has been “some deterioration” in its higher-risk small business loan bands in the U.K. both banks and alternative lenders say they’re experiencing an increase in small business loan volume.

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PYMNTS

APRIL 10, 2020

Wells Fargo To Cap SMB Bailout Loans at $10 Billion. The financial institution has received much interest in PPP loans as of the program’s opening day on April 3. . BoA Receives $6B In SMB Loan Requests Within Hours. billion in loans at BoA per news at the time. The PPP is a $350 billion small business loan program.

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PYMNTS

MARCH 2, 2018

Of all the loan options available to small businesses today, the merchant cash advance (MCA) may not be a borrower’s first choice. Like the payday loan, the MCA has a reputation for high fees, and is sometimes the only option for borrowers with poor credit histories. We come in un-collateralized.”

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CFO Share

NOVEMBER 8, 2022

Lenders are generally risk averse during regular times, but recessions make banks even less willing to loan money to small businesses. There is no magic playbook that will work for every business in every recession. Eliminate capital risk. Take advantage of this unique capital source to grow through acquisition.

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