How many times have you or your customers skipped out on a purchase because the business only accepted cash? Many people no longer carry cash and rely solely on their credit cards be it for convenience, safety, or preference. When small businesses accept credit card payments, it can help increase sales, improve cash flow, and help simplify accounting. Yet many small businesses opt for being cash only for the convenience and cost savings to their business.
Taxes, the word alone makes most people shudder and induces anxiety. While taxes may often take a back seat to the million things small business owners have to do to keep their business afloat, it is imperative that finances and taxes move to the passenger seat to make it a smoother ride. Planning ahead and implementing some strong strategies year-round can be the difference between more profit for you and your business versus a higher tax bill.
The completion of an application does not guarantee loan approval or receipt of loan funds.
Prestamos CDFI adheres to the guidelines set by the Small Business Administration in regards to applicant information and submitted documentation. We will fully cooperate with law enforcement agencies to identify possible fraudulent actors and help prosecute should our participation be requested.