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SBA is Offering Free Grants for Business Owners!

business negatively impacted by the Coronavirus pandemic

SBA Has Grants If Your Business Was Negatively Impacted Due to the Coronavirus. Emergency business funding is now available if your business has been negatively impacted due to the Coronavirus pandemic. Congress recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to assist small businesses around the country. They were able to create two programs specifically for companies with less than 500 employees. Unlike the Paycheck Protection Program (PPP) which has the ability to forgive the loan,  Who Read More


Keep Your Employees, Use the SBA Stimulus Program!

Use the SBA Stimulus Program

Keep that “open” sign out and hold on to your employees! You might want to learn about the new SBA programs that are available to most small businesses around the country! Our Government worked hard on creating a stimulus program that will help small businesses during this trying time. Of the $2 trillion dollar stimulus program, there is almost $350 billion dollars that is designated for small businesses.  Who will qualify for these new stimulus programs from the SBA? Depending Read More


What Industries Will Thrive When We All Go Back to Work?

What Industries Will Thrive When We All Go Back to Work

In early March 2020, America was experiencing some of the lowest unemployment rates the country had seen in decades, coupled with a thriving stock market. While economists had predicted an economic decline for 2020 for a year or more, no one expected a pandemic would be the cause. In just a matter of weeks, the stock market crashed, and millions of Americans filed for unemployment or sought bad credit business loans to keep their livelihoods afloat. Despite this, some businesses are thriving, while Read More


5 Ways to Preserve Capital During Slow Times

Ways to Preserve Capital During Slow Times

During slow times, many businesses focus on preserving capital rather than taking out bad credit business loans (although loans can still be a smart option). However, the emphasis is usually on asking for rent relief and putting a hold on vehicle insurance. Here’s a look at these two approaches and three other ways to save money. 1. Ask Your Landlord for Rent Relief Communicate with your landlord sooner rather than later about rent relief. Landlords appreciate having the time to think through Read More


The 6 Top Construction Equipment Loans for Bad Credit 2020

Construction Equipment Loans for Bad Credit

A construction equipment loan is a great way to obtain the capital you need to purchase the equipment for your business. However, if your credit is that great, you may fear that a loan is out of your reach. Fortunately, some lenders recognize unforeseen circumstances that can blemish the credit of even the most promising small business owner. These are six of the best options for bad credit business loans. 1. Overall Top Option for a Construction Equipment Loan  Small business Read More


We are Still Here to Help (COVID-19)

Amidst the current uncertainty surrounding COVID-19, we want to assure you that First Capital Business Finance is doing everything possible to help reduce the spread of the coronavirus. The well-being of our customers, our staff, and community is our top priority and we are taking every precaution to keep them safe. I wanted to take the time to share the measures that we we have taken to ensure that our services remain uninterrupted and 100% available to you. We are Read More


The Importance of Working Capital for Construction Companies

Working Capital for Construction Companies

Access to working capital plays an indispensable role in a business’s survival and growth. To ensure there is always cash in hand, proactive companies use elaborate cash flow forecasts to determine what they need money for and when. Some also rely on relationships with a construction equipment loan provider to spread out the initial cost of any equipment investments they need to make. Why Your Company Needs Working Capital The importance of any asset in business is directly tied to Read More


How To Manage Cash Flow for Construction Projects

Manage Cash Flow for Construction Projects

Working with a construction equipment loan provider plays a crucial role in managing cash flow. However, this is only one piece of a complex puzzle. Without proper cash flow management, companies may struggle to complete projects on time and within budget. Delays and change orders also cost money, which may affect company profits and client satisfaction. 1. Research Your Client The general advice in construction is for clients to double-check that contractors are bonded, licensed, and insured. However, construction companies Read More


Equipment Financing: How Does It Work?

contruction equipment financing

Think of construction equipment financing as a type of business loan. With this approach, a business does not have to make perpetual lease payments on equipment or tie up precious cash to purchase expensive equipment outright. For example, suppose you’re doing construction equipment financing. It lets your construction business obtain bulldozers, mini-excavators, dump trucks, motor graders, and other pieces of equipment right away without having to pay the full cost of each item immediately. This type of financing is a Read More


How To Keep Your Small Business Healthy After an Unexpected Disaster

emergency financing for a natural disaster

As a small business owner, your company, employees and customers are more than numbers on a sheet. They’re important to you. That’s why you always go the extra mile to take care of them. Unfortunately, natural disasters and other emergencies can take even the best owners by surprise. How can you keep your small business healthy when the going gets tough? Small Business Needs To Prepare For in an Emergency Preparation makes you more adaptable in the case of natural Read More