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Is Now the Time to Buy a Business? If you’re considering buying a business, read these bookkeeping tips to learn how to evaluate the financial health of a business before you buy. Whether you are an entrepreneur looking for a potentially lucrative investment, are a pragmatist seeking a recession-proof source of income or have decided the current […] The post appeared first on Cardinal Business Financing, Inc..

U.S. CEOs Have High Confidence in Economic Outlook CEOs expect improvement in the labor market over the next year. The outlook for employee wages also improved, while the potential for layoffs receded, according to the report. Corporate leaders are more upbeat about the U.S. economy than at any time in the past 17 years, according […] The post CEOs HAVE HIGH CONFIDENCE IN ECONOMIC OUTLOOK appeared first on Cardinal Business Financing, Inc..

As a result of recently passed stimulus legislation called the Economic Aid Act, additional funding has been made available under the Paycheck Protection Program (“PPP”) for both first and second-time borrowers. It is anticipated that borrowers applying for a first PPP loan will be able to do so through community financial institutions beginning Monday, January […] The post New COVID Relief Bill – Paycheck Protection Program (Round 2) | What You Need To Know appeared first on Cardinal Business Financing, Inc..

Small-business owners will have access to new PPP funding. SBA prepares for new round of PPP loans The U.S. Small Business Administration has yet to release a date for when it will start accepting new Paycheck Protection Program loan applications, but it has revealed who gets to go first. The agency plans to accept PPP loan applications only from community […] The post Attention Small Business Owners appeared first on Cardinal Business Financing, Inc..

The Federal Reserve has once again altered the terms of its $600 billion Main Street Lending Program to reach more small businesses. The minimum loan size for both for-profit businesses and nonprofits is now $100,000, down from a $250,000 loan minimum. In addition, Paycheck Protection Program loans of up to $2 million now will be excluded from calculating the size of a possible […] The post FED LOWERS MINIMUM ON MAIN STREET PLAN appeared first on Cardinal Business Financing, Inc..

COVID-19 has disrupted the way businesses conduct their day-to-day operations as a result of lockdowns and other mandatory quarantine measures. Restaurants, airlines, hotels, casinos, and many other establishments … have been forced to rethink their business models and the way they deliver their products and services to clients. The goal is to not just bring […] The post How to Grow Your Business in the Midst of a Global Pandemic? appeared first on Cardinal Business Financing, Inc..

For many small business owners or solo entrepreneurs, keeping a positive cash flow and securing financing is a top priority. Many small business owners rely on business loans, personal loans or personal savings. Only 10 percent of small business owners received startup funds over $25,000, while a staggering 78 percent did not use external financing at all. For […] The post Choosing The Right Alternative Finance Options For Your Small Business appeared first on Cardinal Business Financing, Inc..

Myth #1: Factoring is “all or nothing”: You have to factor ALL of your invoices to qualify. FACT: Not every factoring company requires businesses to factor all of their invoices. Some offer much more flexibility to allow the business to factor a small number of invoices. For example, AR Funding works with clients who have […] The post TOP 5 MYTHS ABOUT ACCOUNTS RECEIVABLE FINANCING appeared first on Cardinal Business Financing, Inc..