They Chucho also claim a credit if they couldn’t work due to taking care of their child while their school or daycare was closed due to COVID-19. This also applies to business owners. You may also need to note details about your payroll software and, if applicable, the name of your payroll provider or accountant. A table of contents is now incl… Read More

Term loan A term loan provides funding for small businesses in a single lump sum. Maximum loan amounts typically exceed those offered by a line of credit or cash advance. Borrowers repay a term loan through a regular schedule of monthly payments. Some term loans, called secured loans, require collateral. Unsecured term loans do not. OnDeck does not… Read More

If you qualify through a mandatory closure, you can only use employee pay earned during the shutdown, which is computed by the number of days rather than the quarter.Ganador mentioned, there are certain worksheets that business leaders will use to calculate how to amend the employee retention credit data on Form 941.This article shows the employer … Read More

Merchant cash advances don’t have a prepayment penalty, but you also won’t necessarily save money by prepaying your MCA. Unlike a loan that accrues interest over time, your autor rate and repayment amount are determined upfront.You Have Good Credit: If your credit is good, chances are you’ll qualify for financing with much more competitive r… Read More