The United States Congress has passed several measures in response to the COVID-19 pandemic designed to help small businesses, including tax rebates, tax filing extensions, business loans, emergency relief, and modified tax treatment. Perhaps the most significant benefit, the paycheck protection loan—also known as the coronavirus loan—can convert into a grant for small business owners…
About the Author
Tricia Tetreault
Tricia Tetreault is a staff writer at Fit Small Business, specializing in Small Business Finance. She holds a Master's in Business Administration from Champlain College and has spent the majority of her career working in federal government lending.
When she's not helping small businesses find the best financing opportunities, Tricia enjoys adventuring with her two children around her home in Vermont.
Best SBA Lenders: Top 100 SBA Lenders
With more than 3,000 SBA lenders nationwide, choosing the best SBA lender can be difficult. Some of the best lenders approve average Small Business Administration (SBA) loan amounts ranging from $75,000 to $1.5 million, with interest rates averaging 6.5% to 9.4%. We’ve provided reviews for the top 10 SBA lenders and listed the top 100…
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NYC Offering Grants for COVID-19 Affected Small Businesses
In an effort to assist small businesses in New York City that have been adversely impacted by the COVID-19 outbreak, the city has established the NYC Employee Retention Grant Program. This program is aimed at helping small businesses retain employees during a time of decreased business revenue. Small businesses that have experienced at least a…
SBA Disaster Loans: Interest Rates, Qualifications & How to Apply
Small Business Administration (SBA) disaster loans provide businesses with affordable financing for disaster recovery. Businesses, nonprofit organizations, homeowners, and renters are eligible for funding with repayment terms up to 30 years and interest rates starting at 1.75%. Applicants can receive initial funding five days after signing loan closing documents. If you want to apply for…
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SBA Loans: Types, Rates & Requirements
The Small Business Administration (SBA) guarantees business loans issued by approved lenders. SBA loans, though difficult to qualify for, carry low interest rates up to 11% with terms up to 25 years. The six types of SBA loans are 7(a) loans, community development corporation (CDC)/504 loans, CAPLines, export loans, microloans, and disaster loans. offers SBA…
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31 Tips for Buying Your First Rental Property From the Pros
Buying rental property is a significant investment and can be a lucrative one. However, take it from the professionals that you’ll need to take some precautions. Do your research, take your time, and read the tips we have provided from nationwide pros in the real estate industry on buying your first rental property. Here are…
How to Use a 401(k) to Start or Buy a Business
There are three ways you can use 401(k) business financing to start or buy a business. You can cash out funds, borrow against them, or use a rollover for business startups (ROBS). The only option that does not result in penalties, taxes, or interest charges is a ROBS, making it ideal for most situations. If…
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Owner Financing: The Ultimate Guide to Seller Financing
Owner financing is an arrangement in which the seller agrees to accept installment payments directly from the buyer rather than having the buyer obtain a loan from a bank. Owner financing—sometimes referred to as seller financing—often provides buyers with easier qualification and more flexible repayment terms than a traditional mortgage while providing sellers with monthly…
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7 Best Property Management Software 2020
Property management software can assist landlords with many aspects of their business, including marketing, renting, and maintaining their rental properties. We evaluated dozens of property management systems and selected the seven best property management software solutions to simplify your business needs. Top Property Management Software Companies : Overall Best Property Management Software Avail can be…
Invoice Factoring Calculator: Factor Rate vs APR
For businesses interested in financing using invoice factoring, offers factoring in amounts ranging from $5,000 to $5 million per month with discount rates starting as low as 0.25% weekly. Unlike many invoice factoring companies, BlueVine will not interact directly with your customers. You can apply online and receive approval in as little as 10 minutes….
6 Best Online Rent Payment Services 2020
A reliable online rent payment service offers landlords an easy way to collect rent, saving time in collection and providing faster access to your money. We reviewed the most popular services available and narrowed it down to the six best online rent payment services based on pricing, features, and ease of use. Top Online Rent…
Commercial Real Estate Loan Rates 2020
Commercial real estate loan rates remain at near all time lows, making now a great time for small business owners to purchase or refinance commercial property. A variety of different lenders make commercial real estate loans. This article covers how commercial real estate loan rates work and the interest rates that different types of lenders…
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