While much of 2020 has been disruptive for businesses, consumer demand remains strong. Year-over-year, e-commerce has been gaining ground, and with the COVID-19 pandemic, businesses should expect online sales to be higher than ever in the fourth quarter. While fewer people will be hitting brick-and-mortar stores during the holiday season, businesses should be preparing for high-volume online sales in the
The window for Paycheck Protection Program (PPP) loans closed last month, but businesses still need funding. Many business owners are still applying for other loans through their banks, yet economic conditions and tightening credit requirements can result in loan turndowns. So with everything that is going on with the economy and the COVID-19 pandemic, how can banks preserve their relationships
In an uncertain economy, property flippers need to be agile. The real estate market is not monolithic, and one city might be witnessing an influx of eager homebuyers while one town over is experiencing a drought. Being able to spot market trends in your area can give property flippers an edge on how to adjust their strategies to maximize their
As more businesses reopen in cities across the United States, cash flow is becoming the prime concern. Cash flow determines how quickly businesses will recover over the next few months and position themselves for long-term success. What Cash Flow Means to Businesses Cash flow allows businesses to make payroll and cover overhead. Cash flow allows businesses to restock inventory, purchase
As some states begin to lift restrictions and businesses reopen, entrepreneurs are looking to make up for lost time after having their operations limited or halted completely. However, to get operations up and running quickly without taking on major debt, businesses need a flexible source of financing. Securing Traditional Loans is Difficult Banks and other traditional lending channels are tightening
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
