Looking for a business loan but don’t want to go through a bank? An alternative is the Small Business Association (SBA) loan, which allows businesses to apply and be considered for a loan regardless of their financial standing. The key is to find the right loan for your business. Here are some of the […]
Today the Federal Reserve raised rates by 0.75%. They did the same in June. This marks historic times and it remains to be seen if we will have a soft landing or a recession.
Last Thursday, the house passed the Relief for Restaurants and Other Hard Hit Small Businesses Act of 2022 (H.R. 3807) with $42B to fund all outstanding eligible applications for the Restaurant Revitalization Fund. The next step is to pass the bill in the Senate.
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“SMALL BUSINESSES SELF EMPLOYMENT TAX PAYERS” HERE ARE 10 SELF EMPLOYMENT TAX DEDUCTIONS TO HELP YOU SAVE ON LOWERING YOUR TAXABLE INCOME AND LOWER YOUR TAX BILL SELF EMPLOYMENT TAX DEDUCTION RETIREMENT CONTRIBUTIONS HEALTH INSURANCE PREMIUMS VEHICLE EXPENSE DEDUCTIONS TRAVEL EXPENSES BUSINESS MEALS HOME OFFICE DEDUCTIONS RENTAL USE OF YOUR HOME CELL PHONE EXPENSES INTEREST […]
Recent increases in construction and contracting business activity are attributed to the growing trend of building custom homes, remodeling, adding offices, and adding additions. Also experiencing an increase in business are specialty companies, such as plumbers and electricians. But between fronting the cost of building materials, unexpected weather delays and late paying clients who also […]
The Employee Retention Credit (ERC) is one of the most advantageous and under-utilized tax credits introduced as the result of the COVID-19 pandemic relief funds. In conjunction with this program, our clients have received over $2,000,000 in ERC refunds. Generally, reimbursement claims for these refunds are filed with the original or amended Federal quarterly payroll […]
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In 2022, small business owners continued to rely on online lenders as a source of financing. There are six main reasons for this: Small businesses are still hesitant to obtain financing from traditional lenders (such as banks) With online lenders, the process of application and approval is simplified for the borrower Increasingly, online lenders are […]
Construction accounted for $30.9 billion (3.4%) of Illinois’s $897.1 billion GDP. According to the U.S. Bureau of Labor Statistics, there were 706,000 construction firms in 2017, including 28,973 in Illinois. SBA EIDL Disaster Loans for Illinois Construction and Remodeling Companies As part of the SBA’s Economic Injury Disaster Loan (EIDL) program, businesses affected by a […]
The operator of this website is NOT a lender, does not make offers for loans, and does not broker online loans to lenders or lending partners. Customers who arrive at www.smallbusinesslendingsource.com are paired with a lender or a lending partner, and redirected only to lenders or lending partners who offer business loan products.