There’s a lot to know about the different types of loans, as well as the alternative types of business funding out there. Many businesses opt for loans backed by the Small Business Administration (SBA).
We’ll talk about what small business loans are, the various types, interest rates, repayment terms and everything you need to know before you sign any paperwork.
Small-business loans are issued by banks or participating lenders and guaranteed by the SBA. The SBA is able to guarantee percentages of these small business loans as follows:
Many small business owners opt for SBA loans because their rates and terms are typically more flexible and lower than other financing methods. That being said, not all small and new businesses can qualify for business loans. Before we jump into what it takes to get a business loan, let’s see what types of SBA loans are available.
The SBA guarantees loans of different amounts and for different purposes. Under each program, different groups process the loans as follows:
Interest rates for SBA loans are determined by participating lenders who set their interest rates based on the prime rate plus a markup rate, which is called a spread. It looks like this for the 7(a) loan program based on loan amounts and the repayment terms.
Receiving approval for a SBA loan begins with an application process. It can be a lengthy process, taking weeks or months before you see funds or rejection. There are very specific criteria you must meet to be able to apply for a SBA loan in the first place. So, if you fall into any category of ineligibility, it’s not even worth applying.
If you are eligible to apply, then you should prepare the following paperwork that will be needed for the application:
Although the process and application can be lengthy, SBA loans do offer some of the best interest rates and repayment terms when compared to other business loans, and they are guaranteed if a borrowed defaults. That’s why it is a good place to begin. However, such lenders do care about your cash flow and credit history. They will stringently choose businesses that they believe have high creditworthiness and are unlikely to default on the loans. Lenders will look at what’s known as the 5 C’s, namely:
They’ll also want a strong business plan and down payment. As such, some up-and-coming businesses may have a harder time proving this good history.
This is just one of the reasons why many small businesses can benefit more quickly from merchant cash advances (MCA) over traditional bank loans. A merchant cash advance provides borrowers with a lump sum of money upfront in what can be less than 24 hours turnaround. As repayment, businesses promise a portion of future credit card sales that will be proportionally paid back. In most cases, it’s much easier to apply for and receive a MCA than a business loan.
Although the Small Business Administration doesn’t provide loans per se, they do guarantee loans on behalf of small businesses that borrow from participating lenders. Since they are guaranteeing the borrower, the application process is rigorous and requires that small business owners are in good standing to pay back the loans they borrow.
However, not all small business owners will be approved for SBA loans, nor do they all qualify. Some good alternatives for small business funding include merchant cash advances or lines of credit. Every form of borrowing money comes with its own terms and costs, so it’s best to assess your current business standing to see what option leads you down the safest and most cost effective route.
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The first big decision you’ll have to make is how to fund your small business. You may ask yourself, “Should I get funding?” or “Should I seek investment?” No matter how you phrase the question, you’ll essentially be asking how to do it.
What works best for some isn’t the right choice for others. There are many variables to each funding route you may choose to take. Let’s weigh the pros and cons of some of the most common ways by which you can get business funding.
2. Borrow Money – Formal: One of the most popular options that entrepreneurs use to get their company off the ground (and continue to use throughout its existence) is to borrow money from an institution or government. There are several options to choose from when you borrow money. A few common sources include:
a. Bank loans: You can apply to receive a business loan from a bank. If you don’t know where to begin because there are so many options, try use our Marketplace, which is designed to match you with the loan provider that best suits your current needs.
b. Merchant cash advances: A merchant cash advance is a way to borrow a lump sum of money quickly. When you get a merchant cash advance, you promise to pay it back with a portion of credit card sales.
c. Investors: There are different types of investors. Angel investors are individuals who lend money usually at the inception of a new business idea. They tend to give large sums. Venture capitalists invest in several new businesses on behalf of clients. This makes receiving venture capital a competitive scene.
3. Borrow Money – Informal: If you don’t want strings attached when you borrow money, you may be in a position to take a loan from friends or family members. You can also consider crowdfunding platforms like Kickstarter. Even when you seek assistance from personal ties, it’s best to prepare a business plan and showcase how you will be able to pay back the money in a set timeframe.
Finding the funding source that makes sense for your new business adventure will require research. How you choose your funding method will affect the early days of your business, which lay the foundation for what is yet to come.
The upside is that you can start with one funding method and always change it up as the business grows. Your needs will change as you grow and scale, too. If you’re worried about being approved for a business loan, look to merchant cash advances. If you have family and friends with disposable income who are willing to lend some cash, you can avoid the competition of finding a venture capitalist.
Getting started is the first and most necessary step!
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For any business, a grant is a solid method for funding because you don’t have to give it back. The types of small business grants available are growing in number, which adds to the chances that you will be awarded.
Here’s everything you need to know about small business grants, including who is eligible, the options available and how you can apply.
A small business grant is money awarded to help fund small businesses and nonprofits on their path to success. Governments and private organizations offer small business grants. You can consider a grant to be a gift, because it doesn’t have to be paid back. Unlike a loan, a grant requires no collateral, fees or interest.
Although the money is free, a grant may come with terms attached. The grant-giver may speculate how you can use the funds. For example, a grant may be provided to hire more employees, so if you use the money to buy equipment instead, you’ll have to pay it back. You may also face legal ramifications.
Eligibility for grants depends on who’s giving them. For example, a government small business grant won’t be provided to cover operational expenses or pay back debt. Government grants are most attainable for nonprofits related to medical research, technology and education.
However, organizations provide small business grants for:
As alluded to, grants come from two main sources, namely the government or private organizations. Private organizations like charitable foundations may also offer grants.
Although it would be helpful to have, there isn’t a centralized database for all grants. Instead, you have to search for specific types of grants based on your needs. But, we’ve compiled a quick list of places to start.
Government Grants:
Private Corporation Grants:
Foundation Grants:
Free money is the best funding method, but it doesn’t make it the easiest. Since you don’t have to pay back the grant, organizations do have to be highly selective in who they award the money to.
For starters, the application process tends to be lengthy (but, let’s face it – it has to be that way). To begin, it’s best to find a grant that specifically meets your needs. Then, you can follow these best practices to boost your chances of winning the money:
Small business grants are highly competitive. Whether they come from the government or organization, it requires that your business fits the requirements perfectly like a puzzle piece. When applying for small business grants, it’s also a good idea to have other funding methods in mind in case you aren’t awarded with the free money or need more.
For some, a merchant cash advance may be the right fit! A merchant cash advance offers you money upfront in exchange for a portion of future credit card sales. If you experience a slow month of business, then the money you pay back becomes a function of your sales, so it can be less stressful than having a fixed rate on a loan.
No one would refuse getting free money to help set their business up for success. For this reason, small business grants are highly competitive and not always the right fit for every small business. But, if you can find a small business grant that aligns with your needs, then it’s worthwhile to take the time to apply meticulously.
At the same time, you can check out merchant cash advance options. It’s just another useful low risk way to secure business funding quickly.
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When running a business, it’s likely that you’ll borrow money at some point in some form or other. There are various options when it comes to borrowing money. If you have to decide between bank loans vs. credit, then it’s useful to first understand how they are similar and different from one another.
Let’s take a look at everything you need to know so you’ll be prepared to make the right decision.
A loan is a lump sum of money that gets repaid with interest. Interest is the cost of borrowing money and is often set at a fixed percentage of the lump sum. Repayment typically happens over time in regular payments until the full amount borrowed is paid back. The majority of loans are amortized, meaning that each payment is the same amount.
There are a myriad of kinds of loans. Throughout life, people tend to take out loans for personal reasons, like a mortgage when buying a home or a student loan for education. Businesses take out small business loans to help cover their expenses.
A business loan is also known as a commercial loan. Loans are provided to help businesses with operational costs, hiring staff, buying inventory or for any other capital need. Business loans come in different forms, some of which include: a bank loan, invoice financing, microloans, business cash advances, cash flow loans, asset-backed financing, and mezzanine financing. Depending on your need and business structure, it’s best to research the types of loans you can receive to find out what works best.
A line of credit allows borrowers to draw money and spend it up to their limit. Once the money is repaid, often with interest, then the credit can be spent again. It serves as a revolving account.
For example, if you have a business credit card, then you are given a business line of credit, or an amount you can borrow for the month. Let’s look at what this may look like with numbers. Say you have a business line of credit for $10,000 and you spend $3,000. Then, you have $7,000 in credit to still use before you hit your credit limit. Once you repay the $3,000, then your line of credit is back to $10,000.
There’s no right or wrong answer in terms of choosing between a bank loan and a line of credit. However, depending on your needs and timeline, one could be more beneficial than the other.
A business line of credit provides you with advantages like:
On the other hand, a bank loan can be more useful in specific instances, including:
An easy way to decide between a bank loan and a line of credit is to think of it this way:
Another big difference between the two is the interest rate and terms.
Lines of credit and loans are offered based on assessments of your business. It’s possible that you will apply for a small business loan and be denied by a lender. When this happens, there’s no need to panic. There are alternative funding methods to consider like a merchant cash advance. At Uplyft Capital, you can simply apply for a merchant cash advance and receive capital almost immediately. Take a look at our programs to see what may be fit for your needs!
Both small business loans from traditional banks and business lines of credit have helped businesses stay afloat and prosper. To determine what is the right funding method for your business, start by determining the amount of capital you need. Then, take a look at your inflow of money and ability to pay back the borrowed amount. After you calculate interest rates and weigh your costs and benefits, you will be able to find the funding option to support your business goals.
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By now, you’ve probably heard of the Paycheck Protection Program (PPP). For small business owners, this federal loan program was set to close to applicants at the end of June. Just four hours before the program was set to expire on June 30, a bill passed to extend the program. President Trump signed the “PPP Extension Act” on July 3, which means that eligible borrowers now have until August 8 to apply for funds and receive loans with forgiveness terms.
The goal of the program is to provide a loan that will help to pay employees’ salaries, mortgage payments and operational costs. Over 4.8 million small businesses have already submitted their applications to receive aid from the government during the coronavirus pandemic.
Before the program expired, there was still $130 billion left unused. The application process is still set up to be reviewed on a first-come, first-serve basis.
Not to be confused with the Paycheck Protection Program Extension Act, there was another bill recently signed regarding PPP. The Paycheck Protection Program Flexibility Act of 2020 (PPPFA) slightly amends the original PPP forgiveness terms.
Here’s a look at what got updated:
If you fall into one of the following categories, then you are eligible to apply to receive a Paycheck Protection Program loan:
To apply, you have to fill out the necessary documents and submit an application online.
Some applicants for PPP have been denied. While there are many reasons why your PPP application could be rejected, it doesn’t mean that your funding options stop there. At Uplyft Capital, our goal is to provide small businesses with nearly immediate funding through our merchant cash advance programs.
Merchant cash advances could be better than loans for some businesses for several reasons. Some of the benefits are that you don’t need a high credit score for a cash advance, the repayment terms are relative to your monthly sales, there’s no personal guarantee, and there are no strings attached. This money is yours to use for whatever you need, not just for payroll or operational costs.
Even if a merchant cash advance is not the right fit for you, you can leverage Uplyft Capital’s marketplace to find a loan provider that is tailored to your needs.
There’s nothing new to say about how dramatically impacted small businesses owners have been at the hands of the coronavirus pandemic. But, the upside is that there are many ways to still keep afloat by applying for financial aid from outside sources. Whether it’s through the government’s PPP program and its extension, or through Uplyft Capital’s programs or a different lender, it is possible to get funding fast.
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The two main ingredients are your good idea and capital. But, if you’re new to the business world and don’t have access to capital from a trust fund or personal savings account, you’ll likely need to look to outside sources for financial assistance.
Many people may opt for a loan to start out, but for some, a loan may not be a viable choice. In this case, knowing how to fund a small business without a loan simply begins with some education about your funding options and best practices to minimize expenses.
When you’re just starting a business, there are many challenges you may face for loan approval. These are some of the most common reasons why your small business loan could be declined in the early stages:
Before we jump into all your funding options, let’s talk about some best practices to keep costs low when you’re just getting ramped up.
The Bare Necessities
Don’t go big, go home. That’s right – when you’re just getting your idea off the ground, don’t commit to expenses that aren’t necessary for the time being.
If you can, choose to work out of your home before signing an office lease or renting a co-working space. Leverage marketing tactics like social media that can begin as free and grow into a part of a larger marketing budget.
More Ways to Minimize Costs
Here’s a list of ideas to help you minimize costs when you’re building your business:
If you’re at the point where you’ve kept costs low and even reinvested your profit, but you are still in need of fast funding, then, congratulations! You’re one step closer to achieving your dream.
If your small business loan has been declined, don’t worry. 2020 is an especially precarious time for small businesses to obtain loans. On the bright side, there are many small business funding options to choose from, including:
Remember that no matter what kind of funding you receive, no money is completely free. You should evaluate your risks, especially of not being able to pay back the amount you have borrowed. It’s also important to understand the interest rates (or equity) which is your cost of borrowing from any of these sources.
Lack of funding tends to be one of the most common reasons why new businesses fail. With the various amounts of funding methods available to you, it would undoubtedly be a shame to give up for this reason.
To choose the right funding method for you, start by evaluating your needs and assessing the amount of funding you’re seeking. Be sure to consider timelines and any promises you’ve made to customers. Then, apply for the funding method that makes the most sense for your business model.
No matter what you do, do not give up! Your business has the potential to change the world.
Hiring a new employee comes with its own list of obvious and somewhat hidden costs. The hiring process is one to take seriously. Here’s what to consider.
If you’re a business owner, you’ve probably done research on or already applied for the Paycheck Protection Program (known as the PPP loan). Perhaps, you’ve even started to use this financial aid to help you in this time of need and immense uncertainty. So, if you’re now asking, “How do I get my PPP loan forgiven?” we are here to share all the details on what you need to know, including forgiveness criteria and the documents you’ll be asked to provide to your lender.
For a quick refresher (if you need one of those), we’ve already shared a small business owner’s guide to financial aid during COVID-19 that goes into more details about the PPP.
Without further ado, let’s jump into the information you came here for.
First, here are the basics about the PPP loan you need to know so that the forgiveness rules will make sense.
If you used the loan as it was intended (i.e. solely for the aforementioned needs), then you are eligible for loan forgiveness.
Here’s your easy-to-read guide to all of the forgiveness conditions.
1. Covered Period
The covered period includes the eight-week period that began on the date the loan was disbursed.
2. 75%/25% Payroll Rule
The SBA designated that at least 75% must be used for payroll costs. However, any payment made to an independent contractor cannot be considered part of the 75%. The amount that is forgiven will scale proportionally with the amount you used for payroll.
3. Payroll Retainment
You must maintain at least 75% of the total salary for your employees from 2019. This rule stands for every individual on payroll that received less than $100,000 in 2019. If at any point during the eight-week covered period, they received less than 75% of their annualized salary from 2019, then the eligible loan forgiveness amount will be reduced by the difference between their current pay and 75% of 2019 pay.
4. Staff Headcount
You have to retain the number of employees on your headcount. Here’s how you can assess if you’ve met the requirement:
There is another exception within this rule, though. Say you laid off or furloughed employees during this period, but then you tried to rehire them. If they declined the offer (and you can prove it), then you have an exception to this rule.
You’ll have to be able to show that:
Additional exceptions include if:
5. Grace Period
Keeping these forgiveness rules in mind, the SBA extended a grace period for rehiring. If you decreased any pay by more than 25%, you can reinstate your staff and/or pay before June 30, 2020 and still be eligible for loan forgiveness. Even if your eight-week period is over before June 30, 2020, you still have until this date to reinstate employees. You’ll just need to apply for forgiveness after June 30, 2020.
For self-employed individuals, the PPP loan is meant to replace lost compensation due to effects of COVID-19. Your loan can be forgiven for eight week’s worth of your 2019 net profit. For mortgage interest, utilities or rent to be forgiven, you must show that they were claimed as a deduction in your Form 1040 Schedule C from 2019.
While it’s possible to have your loan forgiveness, the forgiveness amount is capped. To calculate eight weeks of net profit from 2019, take your net profit reported on your 2019 Form 1040 Schedule C and multiply it by 8/52. (On April 20, the SBA gave a final interim rule that the maximum amount is $15,385).
If you’ve met the forgiveness criteria (and exceptions to the rules), then you can apply for loan forgiveness. You will submit a SBA Form 3508 Paycheck Protection Program Loan Forgiveness Application, which consists of 4 parts:
As required by law, your lender will have 60 days to provide you with an approval or denial on your loan forgiveness application.
When you’re ready to apply, be sure to have these documents ready to submit (along with any additional paperwork that your lender may require):
It’s more than likely that your lender will want these documents in digital format. It’s important to stay organized and maintain your bookkeeping accurately during these times.
If you’ve already applied for PPP loan forgiveness but you have been denied, try to ask your lender if there are any additional documents that you can provide to reassess your application.
If the answer is still no, then you’ll be repaying your loan. Keep in mind:
Before you go, here’s a few extra tidbits of information about the PPP loan.
If you’ve been approved for a PPP loan, try to stick to the criteria so that your loan can be forgiven! These are undoubtedly hard times and the goal of this program is to help small businesses stay afloat.
That being said, the PPP loan is a solid option for small businesses that have medium-high payroll costs and low-medium overhead costs. However, for self-employed individuals, this equation is often flipped and so, the PPP may not be the best solution because of the forgiveness criteria (i.e. 75%/25% rule).
If your small business still needs additional capital and funding, check out Uplyft Capital’s funding programs. Whether you end up receiving funding straight from our platform or from a lender in the marketplace, our AI-based solution helps you and our team find the best funding partner for your business.
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The coronavirus pandemic has caused a stir in the business community and left many business owners seeking financial assistance. As such, the government has extended financial aid in the form of loans under the Paycheck Protection Program (PPP). For qualifying small businesses, this means that you can use the loans to help pay your employees and other essential expenses during the crisis. However, you may be a business owner that applied for PPP and was denied.
If you’re wondering, “Why was my business declined for PPP?” we will share some of the most common reasons why your application may have been rejected. We’ll also dive into the details about PPP qualification and alternative funding options that are worthwhile to consider.
The Paycheck Protection Program is a government program that authorizes $349 billion in forgivable loans. These loans can be forgiven if and only if borrowers adhere to these two requirements:
For each employee, payroll costs max out at $100,000 annually. There’s a 6 month loan deferment period.
The application process opened on April 3, 2020. The application initially opened to sole proprietorships and small businesses. One week later, self-employed individuals and independent contractors could apply for the loan to cover specific expenses, as well.
Any business with less than 500 employees is eligible to apply, including: veteran organizations, Tribal businesses, nonprofits, self-employed persons, independent contractors and sole proprietorships.
So, if your business does not fit those descriptions, your application would have been denied.
Loans in this program are mandated to be used for:
Loan amounts can be made for up to two months of average monthly payroll costs (from 2019), with an additional 25% on top of that number. This amount is capped at $10 million. The interest rate is a fixed 1.00%
The loan is forgivable as long as these conditions are met:
Now that you have all the details, it’s time to look at why you may have been denied for your PPP loan. It could be something as small as a simple mistake. For example, maybe you left a number off your Employee Identification Number or made a different typo that led to denial.
If you’ve been denied, it’s likely that the lender will reach out to notify you directly, rather than the Small Business Administration. In some cases, they may tell you why you were denied, but in others, you may not be given a reason.
Additional reasons for denial include:
To problem-solve the reason for your denial, it’s worth it to try these steps:
If you still don’t understand why you’ve been denied, it could have been because of an automatic disqualification. Automatic disqualification is based on your answers to the questions in the application.
You would have been automatically disqualified to receive PPP aid if you answered yes to the questions about the following:
It’s undoubtedly stressful to feel financially strained, especially as a small business owner. You want to be able to keep your doors open and take care of your employees’ needs during this unprecedented time.
Don’t worry, even if your SBA PPP loan was denied, you have other funding options.
Here’s a look at a few alternatives you can consider:
Getting business funding and financial aid during an economic and global health crisis may present challenges, but it is surely possible. Some businesses simply don’t qualify for the Federal government’s programs, and others may qualify but have been denied for one reason or another.
Be sure to double check your application and reach out to your SBA lender to find out more information regarding your specific case. However, if you need cash quickly, you can take advantage of other funding options like credit cards or merchant cash advances.
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While many businesses have been ordered to close their doors for the foreseeable future, others have already permanently shuttered because the losses have loomed too large. To mitigate the damage, the Federal government has extended financial aid loans and grants.
There are also other methods for small businesses to source much needed funds during this time. For example, small businesses can turn to merchant cash advances for quick and easy financial aid.
Here’s your overall guide to some popular COVID-19 financial aid options as a small business owner.
First things first, the Federal government and local governments are extending a lending hand. Let’s take a look at some of their programs and how they may help your business survive.
Recently, the Federal government created the Coronavirus Aid, Relief and Economic Security (CARES) Act. Under this, the Paycheck Protection Program (PPP) was initiated with a $350 billion budget. On top of that, the PPP received an additional $310 billion in funding through the Paycheck Protection Program and Health Care Enhancement Act (PPPHCE).
Under the PPP, a loan can be taken out for up to 2.5x the borrower’s average monthly payroll costs up to $10 million. The loan has a 1.00% fixed interest rate and repayment term of two years. This aid is currently intended to be in effect through June 30,2020.
Billions on billions of funds are floating to small businesses, so how do you get your hands on it?
We’re about to get to that!
The Paycheck Protection Program offers government-backed interruption loans. Plus, these loans may be forgiven if a small business is able to sustain its employees on payroll.
Let’s take a look at some of the benefits of the PPP:
Small businesses, stand up. You are eligible to receive a PPP loan if you’re a:
Additionally, if you can prove that your maximum tangible net worth is $15 million or less and the average net income for the past 2 fiscal years before your application submission is less than $5 million, you are eligible, too! Keep in mind that if your business is in the food services sector (NAICS 72), the 500 employee rule is applied per physical location.
OK, so it sounds easy enough to get this loan if you’ve matched the eligibility requirements above. Let’s see what lenders will be checking in order to approve your application:
For those who are sole proprietors, self-employed or independent contractors, lenders will require documents like:
Small businesses can also apply for an Economic Injury Disaster Loan (EIDL). This is being provided to businesses who are experiencing a temporary loss of revenue at the hands of disaster (yes, we’re looking at you, COVID-19). The SBA allows borrowers to receive up to $2 million over 30 years at an interest rate of less than 4%.
Additionally, the government has supplemented this loan with an EIDL grant of up to $10,000 (this one is a grant which means you don’t have to repay it)!
We are in uncharted territory, and you’re not alone in facing such dramatic changes and challenges.
It’s likely that you’re facing these types of hurdles and financial constraints:
As a small business owner, there’s a lot to manage, especially now. Along with the financial pressures, you need to also focus on protecting the health and wellness of your employees.
Try to follow these best practices to further protect your business and its people:
Despite the challenges caused by this pandemic, the ability to keep your business’ doors open is a possible feat. Whether you choose to lean government support or leverage private options, all you need to do is fill out applications and press submit!
If you’re a small business that seems to qualify for the aforementioned government aid, find a lender. If you’d like to learn more about merchant cash advances and Uplyft Capital’s quick funding options, don’t hesitate to apply now!
Hiring a new employee comes with its own list of obvious and somewhat hidden costs. The hiring process is one to take seriously. Here’s what to consider.
Whether you’re just getting started or need a quick influx of cash on hand, you may be wondering: “What is a merchant cash advance?” A merchant cash advance is a more flexible and faster funding alternative to a business loan.
What makes a merchant cash advance the right choice for your business? Let’s find out!
We’ll explain all you need to know about business cash advances, the benefits of this funding option, and how you can apply for your own cash advance online.
A merchant cash advance (MCA) provides you with an upfront sum of money. In exchange, you give back a percentage of your future sales.
Two of the most popular methods of business funding are a merchant cash advance or a business loan.. Here’s how they differ:
Need cash fast? A merchant cash advance can provide you with it. But, that’s not the only benefit of choosing this funding option.
Here are a few more benefits that a MCA brings to the table:
New & Non-Traditional Businesses: MCAs are perfect for new and non-traditional business. Unlike banks that require a business to have been in operation for more than 2 years, MCAs are available for businesses that have just 6 months of revenue. They are also a great resource for online businesses, ecommerce, drop ship businesses, social media influencers that may not have physical premises.
For all their advantages, merchant cash advances have a number of drawbacks. As a responsible and informed business owner, it is important to be aware of these when applying for an MCA.
Here are a some of the drawbacks of this form of business financing:
A fast cash advance feels like a gift, but it’s important to remember that it’s not free money!
You will have to pay back the lump sum over time. However, the repayment term is set up to correlate with your monthly sales.
There are generally two ways to pay back your cash advance. These include:
While a merchant cash advance may not be the solution for all businesses, it is the best option for many. These are some of the most common reasons and types of businesses that seek a merchant cash advance:
It’s inevitable to have to fund your business. Yet, the way you choose to do so is up to your preferences and potential constraints. A merchant cash advance offers you with a flexible, fast, and easy way to get business capital whenever you need it!
Want to find out more about Uplyft Capital’s programs? Or, do you want to be matched with the best loan provider through our marketplace? No matter your preference, our team is here to help you get the funding you require as fast as possible.
Hiring a new employee comes with its own list of obvious and somewhat hidden costs. The hiring process is one to take seriously. Here’s what to consider.