As a response to the coronavirus pandemic, multiple banking regulators, including the Federal Reserve and the FDIC, are urging banks to consider lending small personal loans to consumers and businesses, in a joint statement released […]
The outbreak of coronavirus (COVID-19) has affected the global economy, including the housing market and mortgage industry. Coronavirus has put millions of people out of work, unable to afford their mortgage, and at risk of […]
Last week, the government passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The legislation sets up a $2 trillion stimulus package to help the millions of Americans that have been rocked by […]
The $2 trillion stimulus package signed into law on March 27 is meant to put cash directly into the pockets of the millions of Americans and businesses who have been impacted by the coronavirus. A record 3.3 million […]
According to the New York Federal Reserve, student loan debt in the U.S. is over $1.46 trillion. And while you can’t deduct a student loan on your federal tax return, the interest from student loan […]
I not only grew up in a family business and watched my Dad dip into the equity in our home when he was short on cash, there was a time or two when I felt […]
Business acquisition loans can include multiple types of financing, including the 7(a) loan from the Small Business Administration, term loans, startup loans and equipment financing. They are essentially small business loans that can be used […]
Small business owners impacted by the coronavirus crisis may want to consider an SBA Economic Injury Disaster Loan. These loans are attractive for several reasons, including: Low fixed interest rates: 3.75% or 2.75% for non-profits […]
Small business owners take on a considerable amount of responsibility. Beyond serving clients, they must also take care of all the minutiae of running a business, including keeping track of expenses they can deduct as […]
Business owners around the U.S. may have just had their identities compromised by the SBA site designed to help them. If you had trouble accessing the SBA.gov site the past few days to apply for […]