Finance my business

Did you apply for and receive a Paycheck Protection Program (PPP) loan for your small business? Under the CARES Act, the Small Business Administration (SBA) will forgive up to 100% of your loan if it is used for designated payroll purposes. You’ll want to optimize the benefits of your PPP loan and achieve maximum forgiveness […]

Based on the latest guidance, you’ll have up to 10 months from the end of your Covered Period to apply for loan forgiveness. It may be advisable to wait to apply for two reasons: 1) Guidelines have not yet been finalized, and 2) You’ll have more time to accrue and track eligible expenses, which may […]

On March 27, the CARES Act was signed to provide relief to businesses and taxpayers facing economic hardship due to COVID-19. As a key part of the Act, the Paycheck Protection Program (PPP) provides cash flow and capital assistance through federally insured loans to businesses to maintain their payroll and keep their employees working during […]

Are paycheck protection loans guaranteed by the SBA? The quick answer is yes. Paycheck Protection Program loans are guaranteed by the Small Business Association (SBA). The Paycheck Protection Program (also referred to as “PPP” or “Program”) was established by the CARES Act (“the Act”). Over $350 billion was allocated to the PPP loan program as […]

Unfortunately, some small businesses may not qualify for an Economic Injury Disaster Loan (EIDL) or a Paycheck Protection Program (PPP) loan due to limited availability and eligibility requirements. However, there are still ways to drive revenue for your business during the coronavirus pandemic. Here are six ways your small business can keep making revenue if […]

If you were one of the millions of businesses approved for SBA Paycheck Protection Program (PPP) loans, your next step is applying for loan forgiveness. We’ve compiled the information available based on the latest guidelines from the SBA and the U.S. Department of the Treasury. Check back here often for updates, as the guidance is […]

EIDL vs PPP loans EIDLs (Economic Injury Disaster Loans) and PPP (Paycheck Protection Program) loans are two funding options for small businesses impacted by coronavirus. The loans are made available through the Small Business Administration (SBA) under the CARES Act. which offers $377 billion in emergency relief funds to U.S. small businesses. EIDLs offer advances […]

The Paycheck Protection Program provides nearly $350 billion for small business cash-flow assistance through federally guaranteed loans. The loans can cover payroll support, employee salaries, rent, utilities and other debt obligations as America’s small businesses recover from the economic impacts of COVID-19. Loans from the Paycheck Protection Program will be available for amounts equaling 2.5 […]

“Gift certificates have been huge for a lot of industries [during the coronavirus crisis], and we wanted to get it online as quickly as we could..” Raymond McCrea Jones Creature Studio Finds an Easy Online Gift Certificate Option With Kabbage Payments™ The staff is like a family at Creature Studio in Atlanta, Georgia. Jenn Jones, […]

The SBA is no longer accepting applications for PPP loans. If you received a PPP loan through Kabbage, sign into your dashboard for updates on loan forgiveness. These unprecedented times have affected small businesses all over the country. From cash flow losses to temporary layoffs, small businesses are having to quickly adapt due to the […]