International Women’s Day is a global celebration that honors the achievements of women and advocates for greater gender equality. It serves as a reminder of the ongoing efforts to achieve gender parity in society with historical and national traditions.
Bank lending to businesses is declining for various reasons, including fear of a looming recession. This downturn in borrowing options from traditional lenders and the larger economic implications is a concern for small business owners. However, you still have plenty of funding options through alternative lenders and lending marketplaces.
PayPal is scaling down on business loans and merchant cash advances. This news will likely cause concern about the overall impact on small business financing. While the news isn’t good for PayPal merchants, it shouldn’t affect other borrowing options, at least not here at United Capital Source. It’s business as usual for our network of private lenders, meaning you still
It’s truly unfortunate that the program is being placed on hold due to bad actors trying to exploit it. It’s also frustrating that the IRS hadn’t taken more proactive measures to stop or prevent fraud prior to the rising concerns.
It’s now a waiting game for eligible business owners until the moratorium is lifted. In the meantime, you can review your
The Employee Retention Tax Credit was designed as an incentive to keep employees on staff during government-mandated shutdowns.
The refundable tax credit expired in October 2021, but businesses can still file for 2020 and 2021. However, you must know the deadlines to ensure you file on time.
Following the collapse of Silicon Valley Bank (SVB), regulators announced they were also shutting the doors on NY-based Signature Bank. The SVB-panic spread like a contagion to Signature, causing a similar bank run and subsequent collapse.
There is a simple answer and a complex answer to why the bank failed. The simple answer is that it experienced bank run and didn’t have the money on hand to cover withdrawals. A bank run is when many depositors withdraw their funds at the same time. When the bank couldn’t produce the funds to cover withdrawals, regulators stepped in
Some businesses wait weeks between providing goods and services and getting paid, known as selling on credit. When a business sells on credit, it issues an invoice to the company that owes the money and adds it as a journal entry in accounts receivable.
While the business is waiting for that money to come in, bills and expenses keep coming. Sometimes
Investing in a tractor-trailer (aka semi-truck, big rig, 18-wheeler, etc.) is a major expense, but one that could yield high revenue. Whether you’re an independent owner-operator or own a freight business, most truckers don’t have the available liquid capital to purchase a new or used truck directly.
Most small business owners turn to financing options to fund a commercial truck acquisition.
You’re probably tired of everyone using the recent pandemic as a topic for global supply chains. We’ve also seen a lot of recent sources that talk about COVID-19. Tell you what, we’ll touch on it briefly and focus deeply on the topic of supply chains and what you can do as a business. So, buckle up!