MoneySmall Business

Best Business Savings Accounts of January 2021

A business savings account is a type of business bank account that allows you to earn interest on your funds. Compared with business checking accounts, savings accounts typically limit your monthly withdrawals, making them best for long-term savings — like emergency funds…
MoneySmall Business

A Guide to PPP Loan Forgiveness

The Paycheck Protection Program provides fully forgivable loans to small businesses struggling through the coronavirus pandemic. But applying for that forgiveness can be daunting, especially for business owners who have limited resources at their disposal. We’ve put…
MoneySmall Business

Capital One Business Checking: 2021 Review

Capital One business checking is a fit for small-business owners who are looking for comprehensive banking from a brick-and-mortar bank. Capital One offers two business checking accounts — Spark Business Basic Checking and Spark Business Unlimited Checking. Both include…
MoneySmall Business

What You Need to Open a Business Bank Account

Whether you plan to open a business bank account in person or online, you’ll need to provide basic details about yourself, your business and any additional business owners. You’ll also need a government-issued ID and legal business documentation. Here’s a breakdown of…
MoneySmall Business

Novo Bank Review 2021: Small-Business Checking

With no monthly fees, unlimited refunds for ATM charges and a focus on digital banking, Novo business checking is a great option for small-business owners on the go. Novo offers its own integrated invoicing tool as well as direct integration with top business tools, making…
MoneySmall Business

NBKC Business Checking: 2021 Review

NBKC business checking — also simply referred to by NBKC as its Business Account — is an online bank account with no monthly maintenance fees, no minimum balance requirement and unlimited transactions. This free business checking account is a great option for…
MoneySmall Business

How Businesses Can Apply for a Second PPP Loan

Small businesses hit hardest by the coronavirus pandemic can soon receive a second forgivable loan under the newly revived Paycheck Protection Program. Congress designated $137 billion for “second-draw” loans as part of a larger funding and relief package. The bill…
MoneySmall Business

Is Invoice Financing Right for Your Business?

Small businesses that make money on 30-, 60- or 90-day customer invoices can face a cash crunch while waiting for payment. If your business needs cash right away to pay for expenses or take advantage of an opportunity, you can turn those outstanding invoices into immediate…
MoneySmall Business

How a CDFI Could Help Your Small Business

Under the best of circumstances, getting small-business financing is no sure thing. In a 2019 survey, about 17% of small businesses said they were denied financing, according to the 2020 Federal Reserve Small Business Credit Survey. It can be even harder for underserved…
MoneySmall Business

Azlo Business Checking: 2021 Review

Azlo is an online business banking option that has no minimum opening deposit, no minimum balance requirements and unlimited transactions. Azlo’s integrated invoicing, online payment tools and app integrations set it apart from competitors. In addition to Azlo Starter, the…
MoneySmall Business

BlueVine Business Checking: 2021 Review

With no fees and unlimited transactions, BlueVine’s business checking account includes features that are common with online-only banks. The account stands out, however, because BlueVine allows you to earn interest on your account without having to maintain a monthly or…
MoneySmall Business

Equity Crowdfunding: How It Can Help Your Startup

Pitching your business to venture capitalists may not be in the cards for first-time entrepreneurs or small shops, but crowdfunding can help you find both accredited investors and everyday consumers willing to back your company. Equity crowdfunding means investors provide…
MoneySmall Business

QuickBooks Online Review 2020

QuickBooks Online, the small-business accounting software, offers top-notch functionality at a reasonable price. And with about 4.5 million small businesses using it worldwide, it’s also the industry standard. It’s easy to find accountants who can work with QuickBooks…
MoneySmall Business

Is a Merchant Cash Advance Right For Your Business?

You’re a small-business owner in need of capital now, and a merchant cash advance looks like a good deal. Before you act, consider this: That quick cash could really cost you. MCAs have been known to carry annual percentage rates — the total cost of a loan, including all…
MoneySmall Business

17 Accessible Small-Business Ideas

Maybe you’re looking to supplement your full-time income with a side business. Or perhaps you’re finished with the 9-to-5 and ready to be your own boss. In either case, coming up with a killer small-business idea is the first step on the path to entrepreneurship. Focus…