Tag - startup

Building Strong Business Credit

The Credit Reporting for a Small Business workshop provides an overview of credit reporting and is designed to help participants to understand how reporting their credit can benefit their business. This workshop will help entrepreneurs: -Understand the full scope of credit reporting and the impact of credit reports on the operation or growth of a small business -Discover strategies for building or improving business credit -Appreciate how personal credit scores impact the ability of a business to get credit Bio: Jennifer Jones is the SBA Relationship Manager, SVP for Independent Financial. With over 27 years of banking experience, 16 of those in Commercial and...

Massive One-Time Tax Credit for Startups

Starting a business under “normal” circumstances is a journey but if you started a business in 2020 or 2021 it was grueling. How about some free money to take the sting out of it?   The CARES Act, introduced on March 27, 2020 in response to the COVID-19 pandemic, contained a variety of programs designed to get money out to individuals and businesses and to stimulate the economy. One of these programs was the Employee Retention Credit (ERC), which allowed employers to receive a tax credit for qualified wages paid to their employees. The Cares Act was subsequently modified to include ERC...