After the first round of Paycheck Protection program (PPP) loan applications were dispersed, businesses across the country were eagerly awaiting approvals so they could access relief financing. But even after those funds ran out, some approved businesses were still left waiting. The reality set in that traditional lenders have long loan processing times. Additionally, traditional banks gained over $10 billion
For commercial real estate investors, the market outlook is uncertain. The United States is currently adjusting to a pandemic, and a sizable portion of the country’s population is entering retirement, placing downward pressure on property prices. In today’s economic climate, commercial real estate investors are forming fix and hold strategies for properties in their portfolios. The Silver Wave Over 60
SBA Paycheck Protection Program (PPP) loans offer much-needed relief in our current economic climate. However, PPP loans are intended for payroll support, as well as rent and utility expenses for businesses. Outside of the designated guidelines for PPP loans, businesses still need working capital solutions that can be arranged quickly and efficiently, without posing unnecessary risks to borrowers. Fortunately, there
With the second round of funds allocated for SBA Paycheck Protection Program loans, more businesses will be able to get the financial relief they need to pull through this pandemic. wile the details outlined for Paycheck Protection Program (PPP) loans can be confusing at best, we here at Web Finance Direct have decided to address the key points business owners
Businesses rely on sales to cover overhead and achieve growth. However, nearly one-third of new and small businesses fail due to external factors. In order to thrive and overcome obstacles on the road to success, businesses need to build capital reserves. When revenue is staggered, business owners need to find a solution that creates a financial situation to optimize cash
Last year, the landscaping industry generated nearly $100 billion. The industry has been growing steadily over the past five years, and 2020 should be no exception. As the ground thaws with the coming of spring, landscaping companies are already taking orders from clients and getting things in place to have a productive and profitable season. To ensure success, landscaping companies
Small businesses of all types need financing at some point. Whether it’s working capital, equipment, growth solutions, or anything else, finding the right financing is essential to success. However, some businesses may not meet the requirements to secure traditional loans, nor do business owners want to take on unnecessary debt and impact their credit ratings for loans that are too
Approvals for business loans from traditional lending channels hovered around 50% at the end of 2019. Approvals for similar loans from the major banks and credit unions were even lower. Loan turndowns are on the rise, but there are a few things business owners can do to increase their chances of approval, as well as financing options when turndowns occur.
We may still be in winter, but businesses are gearing up for spring sales. Once the weather starts to warm up, people will be purchasing tools and supplies for home repairs and renovations. Gardening centers will be stocking up on plants, soil, and outdoor fixtures. Pop-up shops looking to draw in customers with food, spring fashion, music, and more will
Luxury cars are projected to generate over $10 billion in sales in the United States alone this year. However, luxury cars are not just for the billionaires of the world. People of all income brackets are looking to purchase luxury vehicles, and car dealers are improving their own bottom lines by offering manageable financing programs to their customers. What is
