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This week in The Source

PPP Loan Forgiveness: What You Should Know

5 minute read

January 22, 2021

In response to the coronavirus pandemic, the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) in April 2020. It was part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The goal...

Working Capital

How to Apply for Bridge Financing

5 minute read

January 22, 2021

As a small business owner, you may find yourself needing funds to cover costs for a short time before you can secure permanent financing, improve cash flow, or receive customer payments.

Working Capital

Should You Pay Off Your SBA Loan Early?

5 minute read

January 19, 2021

If you’ve secured an SBA loan, congratulations! You’ll reap a variety of benefits including a lengthy repayment period.

Working Capital

What Are The Top Pros and Cons of Payroll Business Loans?

5 minute read

January 19, 2021

Failing to pay employees on time and in full comes with serious consequences. As a small business owner, you could face lawsuits, legal actions, fines, a tarnished reputation, and damaged employee relationships. Therefore, it’s smart...

Working Capital

Are SBA Loans Secured or Unsecured?

5 minute read

January 15, 2021

Most likely, you understand the difference between secured and unsecured small business loans. However, you might not be sure if you'll qualify for an unsecured loan, especially if you're pursuing SBA financing.

Small Business

How To Utilize Virtual Office Space For Your Business

5 minute read

January 13, 2021

Working from home provides many benefits to business owners, such as added convenience and affordability. However, it has one distinct disadvantage; working from home can de-legitimize your business in the eyes of certain clients.

Working Capital

SBA Loan Processing Time: How Long Does the Process Take?

5 minute read

January 10, 2021

The Small Business Administration (SBA) helps business owners obtain additional working capital. If you’re in need of a loan to start or expand your business, you may find that SBA loan options fit your funding...

Small Business

Gross Profit Formula: How to Calculate Your Gross Profit

3 minute read

January 10, 2021

Depending on your business’s industry, gross profit may be more relevant than net income or other performance measures. Although these figures are all obviously highly related, understanding the differences between them is still very important...

Industries We Serve

5 Ways to Use a Daycare Business Loan for Growth

5 minute read

January 10, 2021

As a daycare center owner, your main goal is to care for children and provide them with the best experience possible. To achieve this, you should be generating new ideas that will keep your students...