Insights & Resources

Expert perspectives on SBA lending, business acquisitions, lending technology, and strategies for growth — from the team building the future of small business financing.

Resources for Business Owners

5 Misconceptions About the Self-Employed Tax Credit (SETC)

The Self-Employment Tax Credit (SETC) offers financial relief to self-employed individuals affected by the COVID-19 pandemic, helping offset lost income due to illness, caregiving, or business disruptions. Eligibility depends on the number of impacted days and average daily self-employment income. Understanding the SETC's requirements is key to maximizing its benefits and reducing your tax burden, while avoiding common misconceptions that may limit its use.

Ann Diesta September 10, 2024

9 min read

Resources for Business Owners

Your Complete Guide: Getting a Loan Online For Your Small Business

In the digital era, online lending platforms offer small businesses a swift and convenient route to securing loans, bypassing traditional bank hurdles. They facilitate quick approvals, often within hours, and streamlined processes, reducing paperwork. Online platforms provide access to multiple lenders, fostering competition for better terms. Key steps include assessing needs, researching lenders, preparing documents, completing applications, reviewing offers, and accepting loans. Maintaining a good credit score and accurate information enhances approval chances. Overall, online lending simplifies access to funds, aiding business growth and success.

Ann Diesta September 4, 2024

6 min read

Resources for Business Owners

The Home Office Deduction: An Overlooked Tax Credit for Remote Self-Employed Workers

Remote work and self-employment have grown rapidly, driven by the COVID-19 pandemic. This shift has created unique tax challenges for freelancers and independent contractors, making it essential for them to understand deductions like the Home Office Deduction to reduce tax liability and save money.

Ann Diesta September 2, 2024

20 min read

Resources for Business Owners

Mastering Self-Employment Taxes: A Freelancer’s Guide to Smarter Financial Management

For self-employed individuals, managing taxes can be tricky. Unlike traditional employees, freelancers must handle their own tax payments. This blog covers the basics of estimated taxes, explaining who needs to pay them and how to calculate them. By mastering these essentials, self-employed individuals can avoid surprises and stay compliant with IRS rules.

Ann Diesta August 26, 2024

10 min read

Resources for Business Owners

5 Common Investment Mistakes Every Freelancer Should Avoid

Freelancers face unique investment challenges due to unpredictable income and the absence of employer-sponsored benefits. The variability in earnings can make consistent investing difficult, highlighting the need for a tailored investment strategy to manage these fluctuations and plan for financial stability.

Ann Diesta August 21, 2024

12 min read

Resources for Business Owners

Banking 101: A Step-by-Step Guide to Choosing the Right Bank for You

Choosing the right bank is crucial for effective financial management. Understand your banking needs and explore various options—traditional banks, online-only banks, credit unions, and community banks—each with its own features and customer focus. Research factors like convenience, fees, interest rates, rewards, reputation, and digital capabilities to make an informed choice. This guide will assist you in selecting the best bank for your financial goals and preferences.

Ann Diesta August 14, 2024

13 min read

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