Category: Business Financing

Treefort Music Fest, a popular music and arts festival in Boise Idaho, was set to open for its ninth annual event two weeks after the COVID-19 crisis hit full force. It was forced to postpone, initially until September 2020 and then until 2021. It could have meant the death of the iconic community event. But Treefort is still planning on moving forward next year thanks in part to a crowdfunding campaign that has brought in more than $200,000 to date. … Read More

Most small businesses have trouble keeping cash flow steady at some point. That’s where business loan financing, like a term loan, can come in handy: taking out a loan can help you have working capital for business expenses so you don’t jeopardize your hard work. What is a Business Term Loan? A term loan is a type of financing that provides a lump sum of money to a borrower. The funds are repaid over a period of time at an… Read More

Earlier this week the President announced COVID stimulus on hold for now and that further negotiations on a comprehensive stimulus bill wouldn’t take place until after the election—just 25 days away (at this writing).  Although there has been a suggestion that some industry-specific relief for the airlines be pushed through, it’s doubtful that a second stimulus package for families or any additional money will be made available to small businesses until after the election. That doesn’t mean that there isn’t… Read More

Updated July 28, 2021 to include the new SBA PPP Direct Forgiveness Portal If you took out a Paycheck Protection Program loan for $150,000 or less, the SBA instructs you to use the PPP Forgiveness Application Form 3508S when applying for forgiveness. Originally this form was for loans of $50,000 or less but the Economic Aid Act, or “stimulus bill,” raised the limit to $150,000. Make sure you are looking at the latest version updated January 19, 2021.  This application does… Read More