The Financial Effect of Default Accounts on Businesses

At some point, your business will likely have customers that fail to pay. This can happen for many reasons, from lost invoices to their own unexpected expenses. Whatever the reason, these outstanding accounts can have a negative impact on your business. Non-paying customers can be a tricky thing to address. On the one hand, youContinue reading “The Financial Effect of Default Accounts on Businesses”

The Small Business Impact of the Consolidated Appropriations Act

As the 2020 year wrapped up, many small businesses were still reeling from the impacts of the COVID-19 pandemic. Between limitations on capacity due to health and social distancing measures, small businesses still faced challenges with decreased revenues and limited operations. A survey conducted among small businesses in July of 2020 found that 43% hadContinue reading “The Small Business Impact of the Consolidated Appropriations Act”

Why Your Fintech Company Needs a Web App

Banking and finance have long been industries rooted in tradition. Consumers expect a variety of services from their financial institutions, including making deposits and applying for loans. Going back to the very roots of banking, these have mostly been tasks that have taken place within a bank branch location, with the assistance of a bankContinue reading “Why Your Fintech Company Needs a Web App”

Are My CARES Act Loans Taxable?

Passage of the CARES Act in March of 2020 brought some relief for businesses struggling amidst the coronavirus pandemic. Part of the funding was aimed directly at small businesses to help them retain employees. Businesses could apply for CARES Act loans and receive much-needed assistance. As we head into tax season and businesses look toContinue reading “Are My CARES Act Loans Taxable?”

A Small Business Owner’s Guide to SBA Funding Programs

The COVID-19 pandemic has been hard for small businesses. Companies have faced unprecedented changes to their business models while operating on reduced revenue.  For many, the Small Business Administration (SBA) has been a way for small businesses to find relief. From COVID-specific loans to other SBA funding programs, small businesses can work with lenders toContinue reading “A Small Business Owner’s Guide to SBA Funding Programs”