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Was 2021 the year of the entrepreneur?

  Amid the beginning of the COVID-19 pandemic, the number of new U.S. business applications rose 25% between 2019 and 2020. To get a deeper understanding, LendingTree researchers examined the 100 metros with the most […]

Invoice financing vs Invoice factoring

  If you have a small business, you know that cash flow can be a big concern. And when you’re searching for small business loans, you may come across two kinds of funding called invoice financing […]

How to calculate your EIDL loan amount

  Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about […]

EIDL Loan requirements: What are they?

  “EIDL” is short for an Economic Injury Disaster Loan and EIDL loans are available to small businesses, most private nonprofit agencies and small agricultural cooperatives. Backed by the U.S. Small Business Administration (SBA), these loan funds […]

What’s a lean startup & is it right for you?

    Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more […]

6 things to know about self-employment tax

  6 Things to Know About Self-Employment Tax A 2019 FreshBooks research report called “Self-Employment in America” revealed that the number of self-employed Americans is rising rapidly.  Roughly 24 million people in the U.S. now employ […]

Does your business need an ERP?

The issue of whether or not to adopt an organization-wide ERP system remains a tricky question for growing businesses—and for good reason. According to Manufacturing Business Technology Magazine, 75 percent of ERP implementation projects end in […]