The Employee Retention Tax Credit (ERC)
As a component of the Cares Act assistance package, the Employee Retention Credit, or ERC, was initially introduced during the early stages of the COVID-19 epidemic. It was meant to serve as an additional incentive for smaller enterprises to keep their staff, but the Payment Protection Program largely eclipsed it. The ERC was once again […]
Other Needs For Working Capital
Other Needs For Working Capital Project-related expenses such as expansion or rebranding Bulk purchase orders for supplier discounts Pay off short term debt
“As Banks Lend Less Money, Small Businesses Need More.”
As Banks Lend Less Money, Small Businesses Need More. Here are fast facts and statistics from https://www.inc.com/tor-constantino/as-banks-lend-less-money-small-businesses-need-more-why-decentralized-finance-could-be-fix.html Banks are becoming less reliable when it comes to lending to small- and medium-sized businesses. • Since the beginning of the year, the top-25 banks have set new lows in total lending at a time when “…small businesses […]
