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”

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”

Working Capital Loans: Learn How They Can Benefit Your Business

In order for your business to conduct day-to-day operations, you must have enough cash or capital. Capital is the lifeblood of an organization. Having sufficient capital keeps everything running smoothly, and a lack of capital can be crippling. Sometimes the daily inflows and outflows don’t quite match with what the business needs. It could beContinue reading “Working Capital Loans: Learn How They Can Benefit Your Business”

What Is the Paycheck Protection Program Flexibility Act?

When COVID-19 forced closures in March of 2020, many small businesses suddenly found themselves without any income. The Paycheck Protection Program was announced as part of the CARES act specifically to provide some relief. A PPP loan would cover the payroll of small businesses and later be forgiven if the business met certain requirements. TheContinue reading “What Is the Paycheck Protection Program Flexibility Act?”