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Articles by Melissa Wylie
SBA 7(a) Loan: How to Get the Popular SBA Loan
August 22, 2023
The U.S. Small Business Administration’s 7(a) loan program is the federal government’s primary offering for general business financing. SBA 7(a) loans can cover business expenses... read more
What Is an Income Statement? (Explanation and Examples)
August 18, 2023
An income statement shows business revenue minus expenses and losses. Your income statement, also called the “profit and loss” statement, goes hand in hand with... read more
EIDL vs. PPP Loans vs. Grants: Which One Is Right for Your Small Business?
December 2, 2022
Federal loan and grant programs offering COVID-19 relief are no longer open to new applications from small businesses. The U.S. Small Business Administration (SBA) now... read more
LLC vs. Corporation: How They Differ
December 2, 2022
When you start a business, choosing a business entity is one of the first steps because it determines your personal liability and how you pay... read more
How to Close a Business
December 2, 2022
Following the proper procedures when shutting down a company could help you avoid trouble with creditors, clients and employees. When you become an entrepreneur, learning... read more