For small business owners, every penny counts. Budgeting is a critical part of protecting your business’s financial health and establishing short and long-term financial goals. Without a budget or the right tools in place, it’s easy to lose track of what money is going out and coming in, creating cash flow problems, an inability to […]

The economic collapse of 2008 negatively impacted individuals and business owners alike across the country. But while many were drowning in their sorrows, Raj Tulshan saw a silver lining, or rather, a major opportunity. Tulshan recognized the financial landscape had changed and needed efficient and innovative industry leaders to navigate the uncertainty of what was […]

6 Mistakes to Avoid When Applying for a Small Business Loan

6 Mistakes to Avoid When Applying for a Small Business Loan

Capital is vital for  a small business to start, grow, and keep their business up and running. While small business loans can give you the resources you need to run a successful operation, the process to obtain financing isn’t without obstacles. During the loan application process, it’s essential to do your due diligence and ensure […]

10 Hidden Fees to Small Business Owners Should Look for When Borrowing Money

10 Hidden Fees to Small Business Owners Should Look for When Borrowing Money

Securing the right financing is a critical part of running a successful business. While access to funding can support operations and influence growth, it can also come at a cost. Like any agreement, reviewing the fine print associated with small business loan applications is essential and should be a top priority. Down the line, you […]

Securing financing for a small business can be a difficult task. Banks reject roughly 80 percent of small business loan applications, leaving applicants searching for other options. While the strict standards put in place by traditional banks and credit unions regarding business owners’ creditworthiness and ability to repay loans are intended to minimize risk, they […]

Good news: On September 7th, 2021, the U.S. Small Business Administration announced the COVID EIDL cap will increase from $500,000 to $2,000,000.  Even more, the cap for a single corporation will increase to $10.0 million. Though you can apply for a COVID EIDL loan of more than $500k today, any decisions on funding will occur […]

What’s Holding Up Restaurant Revitalization Fund Disbursement for Small Businesses

What’s Holding Up Restaurant Revitalization Fund Disbursement for Small Businesses

Throughout the pandemic, small businesses have had a difficult time staying afloat. Emergency COVID-19 assistance funds have been a saving grace for some. Unfortunately, for those that haven’t been able to secure funds, the past year-and-a-half has left them wondering when and if the U.S. government will provide them with additional assistance. The future of […]

How to Stay Up to Date on Available Loans and Grants

How to Stay Up to Date on Available Loans and Grants

As a business owner, it’s important to know the resources available that best support your business. In the wake of the pandemic, loans and grants have been a lifeline for businesses more than ever. For small businesses, the competition for resources and relief programs can be challenging, so it’s critical to be prepared to apply […]

Getting A Loan: What Small Business Should Know

Getting A Loan: What Small Business Should Know

When it comes to funding your business, you have many financing options. If you’ve decided that borrowing money from a lender needs to be a part of your funding plan, there are many things you can do to increase your chances of getting the best possible loan, including different kinds of research, some careful planning, […]