Tag: Impact

Looks can be deceiving: NHL 'graybeards' still making an impact

Seasoned pros like Toronto’s Mark Giordano and Dallas’ Ryan Suter aren’t letting age — or in some cases gray hair — slow them down.

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Philadelphia voters say Fetterman's health won't impact their vote, citing Biden's age and health

Philadelphia voters shared whether they were concerned about Lt. Gov. John Letterman’s health if elected to the Senate and if it would impact their vote in the midterm elections, with some citing President Biden’s health as reassurance. 

“He might not be healthy mentally, but he seems healthy,” Devon, from Philadelphia, said. 

“Look at Joe Biden. He’s an older guy,” he continued. “You know he has his health problems, and he’s still able to run the country.”

But Kevin, living in Philadelphia, said he’s concerned about Fetterman’s health and lack of campaign engagement. 

MEDIA PUTS MORE EMPHASIS ON FETTERMAN’S HEALTH AS PENNSYLVANIA ELECTION HEATS UP

“You can’t run for office telling people you’re okay if you’re not okay,” Kevin said. “If something shows up he should be providing some kind of documentation that he has a clean bill of health.” 

Fetterman, serving as the 34th Lt. Gov of Pennsylvania, suffered a stroke in May, undergoing surgery on May 17 – the day Pennsylvania voters elected him as the Democratic candidate for Senate. Fetterman returned to the campaign trail in August and recently agreed to debate his opponent, Republican Senate candidate Dr. Mehmet Oz, scheduled for Oct. 25. 

“I have no issues with his health all, because I still think he’s able to do his job,” Betty, from Philadelphia, said. She said speech issues are expected after a stroke and mentioned Biden stammers in his speeches.

DR. OZ DOUBLES DOWN IN PENNSYLVANIA SENATE FIGHT, SAYS FETTERMAN IS SCARED TO DEBATE OR LYING ABOUT HEALTH

Loreal, living in Philadelphia, said she has been less concerned about Fetterman’s health than Biden’s and older leaders.

Joe Biden became the oldest president ever elected to office when he won in 2020, and will be 80 in November. Some Congressional leaders within the legislative branch are even older, including Senator Dianne Feinstein at 88, whose been reported to show signs of memory loss. 

“We’ve had older people who’ve had other serious health concerns that have certainly been ones to be concerned about, but they’re doing just fine,” Loreal said.

In the 2020 presidential election, Philadelphia, a strongly left-leaning city, was crucial to Joe Biden winning Pennsylvania. Yet Fetterman statewide only leads Oz, 52% to 47%, in the Pennsylvania Senate race, according to the latest CBS News poll.

2022 MIDTERM ELECTION NEWS AS REPUBLICANS AND DEMOCRATS RACE TO NOVEMBER

“It looks like he’s recovering,” Will, from Pennsylvania, said. “I’m gonna trust what he’s telling us.”

“Even if it’s gonna take him a little bit of time while he’s in the senate to get it all the way back he’s by far the best option,” he said. 

Goalbook (YC IK12) Is Hiring Senior Engineers to Impact Special Education

· Have you wanted to build products that help people directly in meaningful ways?

· Have you been an engineer at a large company where you feel like a cog in the wheel?

· Are you looking to feel connected, inspired and excited every day?

Our Mission and Values

Goalbook’s mission is to empower educators to transform instruction so that ALL students succeed. We were founded in 2011 and are currently a team of 50+ people, most of whom are former public school teachers. We now partner with 600 school districts across 45 states, but we are just getting started! We aspire to build a diverse and inclusive company that can have a systemic and cultural impact on the US K-12 school system over the long term.

  Our first core value is Relationships. We believe in the power of human connection and the importance of relationships across different strengths, backgrounds, personalities, and identities in order to achieve our shared goals and overall mission.

Our second core value is Growth. We strive to create a supportive environment so that people are continuously growing as professionals and increasing their impact. We also believe in having the time, space, and support to grow in our personal lives as well.

Our Engineering Team

We currently are a four-person engineering team responsible for designing, developing, and maintaining two user-facing products and multiple internal tools. This small team has been hugely impactful because we:

· Embrace the opportunity to work across different products and levels of the stack.
· Have genuine ownership of products that further our mission and impact real teaches.
· Are enthusiastic about our work and have a proactive mindset that values learning.
· Are flexible and open to change (e.g. technology, user feedback, business priorities).
· Support each other as people within our team and across our entire organization.
· Led and implemented key initiatives and projects that improved diversity, inclusion, and equity in the
workplace.
· Appreciate the time and effort required for both our professional and personal endeavors-it’s not only work that matters.

Who We’re Looking For

Our ideal candidate is a strong engineer, well-experienced in modern full stack web development, who is motivated to both grow and be more fulfilled at work.

Key Responsibilities

· Contribute code across the stack with an eye toward continuous improvements in testability, mainainability, and performance
· Design and implement new UX/UI, API, or infrastructure features and enhancements with a forward thinking approach
· Help teammates to progress through insightful code reviews, regular communication, and thoughtful feedback
· Collaborate with other teams to define requirements that serve our mission

Our Technology

We are always open to new technologies and their potential benefits to our work. Being intimately familiar with all the components in our current stack is not required, though you should have current equivalent experience.

· Golang, Ruby (JSON API backend)
· Vue.js, Javascript, Semantic HTML and Less CSS (SPA frontend)
· Mongo DB, PostgreSQL, Redshift (NoSQL and SQL databases)
· AWS (e.g. ECS, EC2, S3, Lambda, Cloudwatch)
· Github, CircleCI, Quay,Docker (CI/CD)

Benefits

· Compensation in the range of $135 to $200k, based on location and experience
· Full medical, dental, and vision coverage
· Safe Harbor 401k matching
· Flexible time off policy
· Goalbook Family and Medical Leave
· Led and implemented key initiatives and projects that improved diversity, inclusion, and equity in the
workplace.
· Goalbook Universal Basic Income
· Mental heath service benefit
· A truly motivated, passionate, and fun team. We’re collectively interested in helping you grow in your career.

Contact

Submit an application using the link below:

https://jobs.lever.co/goalbookapp-2/0b735c81-09d8-401a-94e8-…

For the safety of our team members and our partners, Goalbook has adopted a mandatory COVID-19 vaccination policy for all employees.

Goalbook is committed to building a diverse team and inclusive culture that can represent and serve ALL students in the US public school system. We are an equal opportunity employer and strongly encourage applications from all people of diversity, including those with diverse needs, backgrounds, abilities, and other distinct characteristics.

Learn more about being a part of Goalbook! Check out our teammates’ stories:
https://goalbookapp.com/careers

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How Tax Write Offs Can Impact Your Ability to Get Business Lending

The goal when filing business tax returns is to pay as little as possible. This is a worthy goal, and tax write offs help serve this purpose. However, it’s important to remember that lenders will ask for financials. If business financial statements are not available, they will look at business tax returns. If it looks like your business is not profitable, you will not be able to get funding, or you may get less funding.

Taxes, Tax Write Offs,  and Fundability™

To understand how tax write offs can affect your ability to get business funding, you need to understand the relationship between taxes and Fundability.

There are many factors that affect the overall Fundability of a business. Credit Suite identifies 23 core principles of Fundability. We  break these down further into 125 Fundability factors, and one of these is “Business Financials.” Business tax returns, in turn, are one of the factors included in this principle.

Business Tax Returns

According to the IRS, except for partnerships, all businesses have to file an income tax return. There are different forms, and the one you need to use depends on the business structure you choose. This could be a sole proprietorship, corporation, S-corp, or  LLC.

Business Tax Returns 101

Business taxes are not exactly the same as personal income tax. Here are the major differences you need to know.

Estimated Tax

Federal business income tax is pay-as-you-go. You have to pay the tax as you earn or receive income. Usually, this is done on a quarterly basis. Sole proprietors and S-corps that expect to owe tax of $1,000 or more when they file their business tax return, will generally need to make estimated payments.  Corporations that expect to owe $500 or more will need to pay estimated taxes as well.

Documentation Differences

There are also differences in required documentation. For example, you have to track expenses, asset purchases, income and more. As a result, it’s best to hire a bookkeeper or bookkeeping agency. At least choose a great accounting software option. Then  you can print reports at the end of each tax period and just hand them over to your tax preparer.

Tax Preparation

Don’t try to do this on your own. Splurge on a tax professional. The cost will be well worth the time and money you save, and you’ll reduce the chances of a mistake. They will have more in depth knowledge of the tax write offs you can take legally and how they will help you. They can also help if you end up in an audit.

Your tax preparer should not be the same person as your bookkeeper or accountant. With smaller businesses the same firm is ok, but it is not wise for the same person to do both. This helps deter and detect fraud. Even if you have an in-house bookkeeper or accountant, they can get ready everything the tax preparer needs. However, they should not complete the tax forms themselves.

Cash vs. Accrual

You will need to choose your method of accounting. You can choose either cash or accrual basis accounting. Cash basis includes income as revenue when it is collected. Expenses are deducted from revenue when they are paid.

With accrual basis accounting, you record income when you earn it. Consequently, you count expenses when you incur them.

For example:

Using cash basis accounting, you don’t necessarily count revenue as soon as an item sells. You count it when you get the cash for it. Unless the buyer pays cash on the spot, you do not record revenue until the customer pays the invoice. As a result, there are no receivables carried on the books.

With accrual basis accounting, you record revenue at the time of sale. Then, a receivable for the invoice goes on the books. New businesses may have more unpaid expenses and more uncollected income at the end of the year. Taking those outstanding expenses as a deduction can reduce tax liability. This accounts for many of the most common tax write offs.

Later, when your business is profitable, your outstanding receivables will likely be higher than outstanding expenses or payables. If you are using the accrual method, you will be recording more net income, and paying more in taxes versus the cash method. Be sure you consider this when making your decision.

The decision of which method to use is for the life of the business. However, there are some exceptions that allow for changes to be made.  In contrast, businesses with larger revenues or that carry inventory  don’t even have a choice.  They must use the accrual method of accounting.

Depreciation Decisions

Depreciation is one of the most common tax write offs, but there are some decisions to be made.  Discuss them thoroughly with your tax preparer to ensure you are doing what is best for your business.

The first choice will be about first year depreciation. Typically,  depreciation on assets is written off over the course of five to seven years. But the IRS allows a first year deduction of up to $100,000 for equipment and most furniture instead. This is an election most business owners take. If you do not make a profit, you cannot take the $100,000 deduction. Yet, you can carry it forward to a year that you do make a profit.

In the beginning, a slower depreciation method may work better.  You can save the deductions for later, when there will likely be more income and you will probably be in a higher tax bracket.  Again, a tax professional can help you make that decision.

Tax Write Offs and Fundability

Now to the real question. How does all of this affect your ability to get business financing?  For a business to be Fundable, it needs to be fully recognizable as an entity separate from its owner. There is a lot of crossover between Fundability and business taxes. Entity choice is one example.

Entity Choice

You can choose whichever entity you want for your taxes, but you do have to choose one. That choice will depend on your budget and needs for liability protection. Your tax advisor will be able to help you decide. However, it’s important to note that the decision you make affects Fundability as well.

For Fundability purposes, operating as a sole proprietorship or a partnership doesn’t work. Your business needs to operate as a completely separate entity from you as the owner. To do that, you need to choose to operate as either an S-corp, LLC, or corporation.

Fundability, Business Tax Returns, and the EIN vs. SSN Saga

If you are operating as a sole proprietor, it is possible to use your SSN to file your business tax return. You should not file a business tax return using your Social Security Number for maximum Fundability. You need to use an EIN, and  you can get one for free at IRS.gov.

How Tax Write Offs Can Affect Fundability

Business lenders will not always request business tax returns, but what if they do? It’s not likely that they will if you have complete, professionally prepared financial statements. Still, if tax returns are the only financials you have for your business, that is what they will use. This poses a difficult dilemma.

This is a problem because you want to make it look like you made as little money as possible on a tax return to avoid paying any more than necessary in taxes.

Typically, even if tax returns are on a cash basis, financial statements are prepared on an accrual basis. If all the lender sees is your cash basis business tax return, and it looks like you didn’t make a profit, they are going to be less likely to approve funding. And you can imagine why they will be likely to approve less funding.

Personal Taxes Can Impact Your Ability to Get Business Funding As Well

Even if they do not look at business tax returns, most if not all traditional lenders will usually look at personal financials separately. This is because almost all of them require a personal guarantee.

When they do, they will note how you get money from the business.  Do you pay yourself a salary? Do you just take funds as needed? This may, again, lead to questions that require them to look at your business tax returns.

Tax Write Offs Can Impact Your Ability to Get Financing

Tax write offs are a great way to save on taxes. They are totally legal and it would be ridiculous not to take advantage of them. However, be certain you have someone preparing professional financial statements at the same time. These documents serve two different purposes.  Tax returns are to show the IRS how much taxable income you have. Financial statements are meant to show profit, and that is what lenders want to see.

The post How Tax Write Offs Can Impact Your Ability to Get Business Lending appeared first on Credit Suite.

Do Headings Really Impact Rankings?

They say in SEO you need to use headings.

Those can be H1, H2, or even H3 tags.

But do they really impact your rankings?

Sure, a lot of CMS systems put headings on each of your web pages by default. They do this with the title of the page (or blog post) and sometimes to sections within a page.

But again, the real question is, do they help with rankings?

I decided to run a fun experiment to find out if they really help.

How the experiment worked

Similar to past experiments I ran, I reached out to a portion of my email list to ask if they would like to participate. Just like how I did with the one on blog comment links and this one on link building.

4,104 of you responded wanting to participate. But unlike previous experiments, we only ran this one on websites that generated at least 100,000 visitors a month from organic search.

We picked larger sites because you can easily tell if a change had an impact on traffic. With smaller sites, external factors can more easily skew results, especially if a site only gets 100 visitors a month. One simple thing like a PR push could cause double the visitors in that case.

We also removed sites with seasonality and sites that weren’t at least 3 years old. Again, we just wanted to decrease anything skewing the results.

For example, with young sites, they tend to grow faster in organic traffic versus established sites… even when they do less SEO work because they are starting from a smaller base.

In the end, 61 sites met our requirements. It wasn’t a big number, but each site on average has 426 pages.

Now with a traditional A/B test, you would show 50% of your visitors one version and the other half a different version. But when it comes to SEO, you have to make a change and once Google indexes the change you have to compare the results to the previous 30 days.

So, with each site, we ran numerous tests at the same time to see the impact of headings. With each site, we took their web pages and split them up in 4 groups:

  • Control group – we left these pages unmodified. Whether they used headings or not, we wanted to see what happened to their organic traffic over time as it would give us another baseline to compare the results.
  • Headings – with this group, we used H1 tags for the title of the page, H2 tags for the subsections of the page, and even H3 and H4 tags if the subsections had subsections.
  • Using normal <p> text – with all of the pages in this group, we made sure they were not using headings. In addition to that, we made sure all of the font sizes were the same size.
  • Using normal <p> text and adjusting font sizes – with this group, we didn’t use headings. Instead, we made sure different parts of the text were in different font sizes. For example, the title of the page was the largest font size.

Before we dive into the results, the last thing to note is the experiment ran for 90 days. Even though we were comparing results of the pages we made the changes to using data from 30 days prior and 30 days after, keep in mind Google has to index the change, so you have to account for that as well.

Control group

The control group saw an increase in traffic of 2.89%.

As I mentioned above, no changes were made to the control group. But it shows that they naturally grew in their rankings and search traffic over time.

This wasn’t much of a shocker either as 2.89% isn’t a large
jump.

Headings

Now when I saw the results of the group that was using
headings, the results were pretty much what I expected…

As you can see from the graph above, the before and after results weren’t much of a change when you compare it to the control group. Instead of a 2.89% gain, they had a 2.72% gain.

Keep in mind some of the pages in the control group were naturally using headings and some weren’t. Again, in that group, we made no changes.

But now as we dive into the next two experiments, you’ll see
that the data gets interesting.

Using normal <p> text

What was interesting about this group is that no headings were used. And on top of that, we made sure all of the font sizes on these pages were exactly the same size.

What we saw was a decrease in traffic of 3.53%.

That doesn’t seem like a big swing, but when you compare it to the control group that’s a difference of 6.42%.

Now I wanted to see if the drop in traffic was due to the use of headings or usability. Because you have to keep in mind that when you make all of the text on the page the same size it impacts usability as well.

It makes the page less readable. And we saw that as the average time on page dropped by 12%. As for the bounce rate, we didn’t see much of a change.

Using normal <p> text and adjusting font sizes

This group didn’t use any headings but they did use different font sizes on the page to keep the pages usable (readable).

The graph shows that this group saw an increase in traffic of 2.85%.

Although headings may not be the biggest SEO factor, it does seem usability is.

When font sizes on a page are larger, it helps tell users and potentially search engines what part of a page and even which keywords are more important.

Conclusion

When you compare all 4 groups, the control had the largest gains. But it was insignificant, and you have to keep in mind that a lot of the pages in the control group also use headings. That group just had no changes.

From what the data shows, it doesn’t look like headings have a big impact on rankings.

Maybe if I ran the experiment longer the data would have shown otherwise, but my hunch tells me the data would be similar.

One thing we didn’t try was removing headings from all pages of a site or adding headings to all pages of a site that didn’t have any in the first place. If I were to re-run the experiment I would add in these 2 tests.

From what the data shows, Google does care about usability. Having different font sizes on a page helps tell the reader which elements are more important than others. It also makes the page easier to read.

Whether you make certain elements or words on the page stand
out through large font sizes or headings, it’s clear that it is a good
practice.

Now if I were you, I would still use headings because it can be useful for accessibility software that helps users navigate a page. Plus, it can potentially help with other search engines like Bing.

Plus with SEO, you aren’t going to see massive gains from one single tactic like you used to be able to. It’s about doing every little thing right. That’s why I recommend you run your site through this audit and fix every error.

So, do you use headings on your site?

The post Do Headings Really Impact Rankings? appeared first on Neil Patel.

Coronavirus Business Impact: What You Need to Know Now

Here’s what we all know. There is definitely a coronavirus business impact. The market is scary right now.  You are probably thinking now is not the time to make any big financial decisions about your business. However, the truth might surprise you. 

You Need to Know the Facts About the Coronavirus Business Impact

Here are the facts.  The federal government does not want to see a collapse of the economy any more than we do.  They want to do what they can to help small businesses, and they are taking steps to do just that.  State governments are in the same boat, wanting to ensure their states are able to survive and thrive economically despite the coronavirus business impact. What steps are being taken, and what do they mean for your fundability? 

Coronavirus Business Impact: The Bad News

Here’s the bad news, as if you didn’t already know.  Businesses are closing. People aren’t going out anyway.  Spending is vastly curtailed. Without a steady flow of income, eventually businesses will not be able to make payments on existing debt. 

Of course, some businesses may be able to make current payments for a few months.  However, access to new credit will likely not be around for long, at least when it comes to traditional banks. 

The good news in light of all of this darkness is that no one wants this to happen.  That means measures are being taken to try and stop the spiral. The most notable is the rate cut by the Federal Reserve.  The most recent cut brought the rate down to 0%.

Get funding for your business.

Coronavirus Business Impact: What Does This Mean for Your Fundability? 

First, it helps to know exactly what fundability is. Basically, it is the ability of your business to get funding.  Can you get approval for financing? Is your business eligible for a loan, a line of credit, or a credit card?  It all depends on your fundability. 

The cut rates and other measures do not truly affect the fundability of your business as so much plays into that. However, if you are eligible for any financing at all, it will most definitely allow you to get lower interest rates.  Even if your credit score is low, meaning your rate is higher, it would be lower right now than it would have been even last week. 

Coronavirus Business Impact: Is Now the Time to Start A New Business? 

Because of that, along with the unique market now presented, now may very well be the time to jump on starting or growing your business rather than holding back.  As already mentioned, any financing is going to cost much less right now.  

However, you also have a never before seen opportunity, one we never saw coming, to create a business that works well in a market we’ve not seen in modern times.  With the rise of social distancing comes a host of other needs. We are already well set with grocery delivery and food delivery services, but the possibilities are literally endless.  Many of these opportunities could easily continue to be useful and profitable long after the crisis has passed. The best part is you could help people right now.  

Maybe you have always dreamed of starting a mobile dog grooming business.  Want to open a salon? Maybe take your equipment into homes and do your thing, with the opportunity for clients to see you sanitize and suit up before you enter their home. 

If you have an innovative, useful idea that could continue to work after this is all over, now is the time to jump.

Coronavirus Business Impact: What about Current Businesses? 

If you currently own a business, you have to act fast.  Retail stores, restaurants, entertainment facilities and more are being asked to shut down each day.  If you act now, before this happens to you, you can get funding that can help you get through this time with a better interest rate than has been available in a long time. 

Another option is to take the funding and find a way to adapt your business to the times.  Maybe offer delivery or curbside options if you don’t already. Been thinking about going online?  Now’s the time to launch. Again, you must act fast to take advantage of lower interest rates. 

Coronavirus Business Impact: Resources Available to Help Businesses Negatively Impacted

The federal government is working on a number of options to help businesses during this time.  One idea is a cut in the payroll tax. Currently, SBA loans are getting an increase from the relief fund for COVID-19. $50 billion is going in as relief in March of 2020. Also, the SBA is also waiving upfront costs on financing to veterans, up to $1 million, in the SBA Express program.

SBA Disaster Relief

The SBA is currently permitted to exercise readily available authority. They will supply funding to businesses affected by the coronavirus to help overcome disruptions. The president is asking Congress to raise financing for this program. The intent is to make 30 million small businesses more resilient to coronavirus-related economic disruptions.

Here is what you need to know about the process for accessing these funds according to SBA.gov. 

 

  • When they get a request from a Governor, the SBA will issue an Economic Injury Disaster Loan Injury Declaration. 
  • This declaration makes loans available to small businesses to help relieve the economic injury due to Coronavirus. 
  • The Office of Disaster Assistance will work with the Governor to submit the request for assistance. 
  • Allowable uses of these funds include: 
    • Pay current debts
    • Payroll
    • Accounts payable
    • Pay other bills that the business will not be able to pay to the coronavirus business impact
  • The credit rate is 3.75%, or 2.75% for non-profits
  • Businesses with credit available elsewhere are not eligible.
  • In order to keep payments affordable, terms go up to 30 years.  Determination on individual loan terms will be made on a case-by-case basis.  The borrower’s ability to repay will play a role in this decision 
  • The Economic Injury Disaster Loans are just a part of the big picture of the federal government’s plan for relief. 

Get funding for your business.

Some State Governments are Offering Assistance as Well

Some state governments have stepped up also.  In New York, businesses with up to 100 employees that can show a drop in sales of 25% or more may be able to get a loan of up to $75,000 interest free. In addition, businesses that have fewer than five employees may be eligible for cash grants.  These can go up to 40% of payroll costs for a couple of months, so that would average to about $6,000. 

In Washington State, they are working on favorable credit terms for businesses that have cash-flow problems.  In addition, there is a debt and late penalty forgiveness program in the works, as well as deferred bills, waived fees, and no-interest loans. 

Colorado, Florida, and other states are beginning to roll out their own unique aids to help both individuals and businesses impacted by this crisis. 

Coronavirus Business Impact: Into the Future

There is no doubt this is a huge beast, and the landscape is very muddy.  Eventually it will dry out and the beast will be gone. When it is, there is likely to be a nicely preserved footprint left behind.  What might the new business landscape look like? Will companies embrace telecommuting like never before? On the flip side, will employees begin to push for it more?  Will we see an even greater rise in home services, or delivery, because consumers who were previously wary of them now have to give it a try. Will there be more homeschoolers than ever before because some who were not sure before now see they like it? 

Imagine the business opportunities.  You could find yourself on the leading edge. However, to get the funding at the best rates available in a long, long time, you have to act now. 

Coronavirus Business Impact: Where to Go to Take Advantage of Lower Rates

Other than the SBA, another option is to take a look at what is happening with private lenders.  While their rates are typically higher than those of traditional lenders, the Fed’s cut shouldl make even private lender rates lower than normal. 

They are likely less affected by current events. We have some favorites which can be a good fit for this unique economic climate. Some can even work with low annual revenues or lower credit scores.

Online Lending Institution OnDeck

Apply online with OnDeck and get a decision as soon as processing is over. If you get approval, loan funds will go to the bank account you select. Financing can be fast. Entrepreneurs can use such a loan to establish their company’s credit history by making prompt payments. They have fixed rates. $5,000- $500,000 is available.

With OnDeck, you will need to have a 500 or better personal credit score for a minimum of one owner. There is also a 1 or more years in business requirement, in addition to $100,000 or better gross yearly earnings. You cannot have a bankruptcy in the last 2 years, or any unresolved liens or judgements. 

Online Lender StreetShares

StreetShares is a loan provider offering term loans, credit lines, and specialized veteran company bonds.  In addition, small business loans and investing alternatives are available. Most recently, they offer contract financing, which is similar to invoice factoring. Pre Approval takes just a few minutes and does not hurt individual credit. Loans are available ranging from $2,000- 100,000. 

You need to have one year or more in business and $25,000 or better in yearly income. Often, StreetShares will make exceptions for high-earning businesses at least 6 months old. You need to have a 620 or better individual credit rating, be a United States citizen, and have reasonable credit. If you do not have reasonable credit, you need a guarantor that does. 

Online Lender LoanBuilder

A PayPal service since November 2017, LoanBuilder concentrates on short-term lending to midsize businesses. They provide term loans. You might have the ability to get a loan by the next business day. They have customizable loans without an origination fee.

Loans range from $ 5,000- $500,000. Requirements include a 550 or better personal credit score, $42,000 or more in annual profits, as well as 9 months or more in business. 

Online Lender BlueVine

Get quick money with BlueVine. They offer invoice factoring as well as lines of credit. BlueVine can process financing in just a day. Loan amounts from $5,000 to 100,000 are available. Lines of credit are not available in all states. Requirements are 6 or more months in business as well as $100,000 or more in yearly income. Plus, you need to have a 600 or better personal credit rating. 

Get funding for your business.

Online Lender Credibly

Credibly is a direct loan provider that specializes in unsecured business funding. Can take just a day or two from application to financing. Funding can cover overhead or day-to-day operations. Loans are available from $5,000- $250,000. Your personal credit does not need to be super-high.

Credibly requires a 500 or better individual credit score, 6 or more months in service, and $15,000 or higher in average monthly deposits. In addition, you must have at least $10,000 in monthly deposits. 

Coronavirus Business Impact: Act NowCOVID-19 impact Credit Suite

There is a small window of time to access cash, and it is open right now. You cannot wait.  Even if you do not currently see a need, you need to take action. Take a look around and see what your options are for financing. You don’t have to spend it, but you need to get it so you will have it.  The chances are highly likely that you will end up needing funds at some point during this crisis, but you cannot wait until you do.  

By finding funding now, you can prepare yourself at the best rates possible.  Not only that, but you reduce the chance of needing funding in the future and not being able to access it. Don’t wait until it’s too late.  

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