By Thomas W. Tramaglini, Managing Director at BRP Onestainfo@BRPOnesta.comwww.backofficedepot.com It is tax time and once again we have seen the IRS go after several of our loan origination clients because they reported their MCAs as liabilities (Merchant Cash Advances), not correctly accounting for the MCA as income. In some cases, […]
Business Funding
13 posts
The Landscape of Small Business Lending Suggests Banks are Less Interested in Lending to Small Business Owners By Thomas W. Tramaglini, BRP Onestainfo@BRPOnesta.comwww.backofficedepot.com Since the Great Recession of 2008, banks have continually made it harder for small businesses to borrow money. If you are a small business owner and have […]
EIDL – Did we use the funds correctly? Can and will I be audited? Many say, no but the experts suggest you better be ready for what is ahead. This is the first post in a multi-post blog regarding some of the ambiguous areas of the EIDL program which as […]