The Employee Retention Tax Credit (ERTC) – sometimes called the Employee Retention Credit or ERC – is a refundable tax credit for businesses and tax-exempt organizations that had employees and were affected during the COVID-19 pandemic. Eligible businesses can claim this credit off of wages paid between March 13th, 2020 and September 31st, 2021.

To qualify for an ERTC refund, you must provide evidence of economic hardships that meet the criteria set by government bodies. This typically involves demonstrating decreased revenue or operational issues resulting from economic events. BluWATER streamlines this process and offers advances on the ERTC refund. Once your ERTC refund application is initiated, you can apply for our advance facility by submitting the required documents. Our dedicated team meticulously reviews each application and determines the appropriate advance amount.

An EIDL loan, or an Economic Injury Disaster Loan, is a federal loan program designed to help small businesses that have suffered substantial economic injury due to natural disasters. The loans are provided by the Small Business Administration (SBA) and can provide up to $2 million in assistance for working capital needs. This loan can be used for expenses such as payroll costs, accounts payable, debt payments, or other bills that could have been paid had the disaster not occurred.

To qualify for an EIDL loan, businesses must meet the criteria of size standards set by the SBA in accordance with the North American Industry Classification System (NAICS). The criteria may vary according to different industries. Businesses must also demonstrate that they have suffered an economic injury due to a natural disaster and reside in a disaster zone as attributed by FEMA. Additionally, businesses must provide evidence demonstrating their ability to repay the loan over its term.

An SBA 504 loan is a commercial loan that provides small business owners with the long-term capital needed to purchase and upgrade commercial real estate and related fixed assets. It is designed to help stimulate economic growth by providing businesses with an affordable alternative to a traditional bank loan. The loan is structured with the Small Business Administration (SBA) guaranteeing up to 40% of the loan amount, so that lenders can offer more favorable terms and conditions such as lower down payments and longer repayment periods. With an SBA 504 loan, businesses have access to larger amounts of capital than available through most other financing options.

An SBA 504 loan is a great way for businesses to access long-term capital. It allows companies to borrow up to $5.5 million, with the Small Business Administration (SBA) guaranteeing up to 40% of the loan. With an SBA 504 loan, borrowers can finance up to 90% of the cost of purchasing certain types of fixed assets, such as real estate or equipment. This type of loan also offers businesses some financial flexibility by allowing them to pay lower down payments and often get longer repayment terms than they would with other financing sources. Plus, since an SBA 504 loan is a government-backed program, it makes it easier for smaller businesses or those that may not have strong credit histories to qualify.

The SBA's 7(a) Loan Program provides loan guarantees to lenders that allow them to provide financial help for small businesses with special requirements. 7(a) loans can be used for: acquiring, refinancing, or improving real estate and buildings; short- and long-term working capital; refinancing current business debt; purchasing and installation of machinery and equipment; purchasing furniture, fixtures, and supplies; changes of ownership (complete or partial); multiple purpose loans, including any of the above. Key eligibility factors are based on what the business does to receive its income, its credit history, and where the business operates.

The amount you can borrow using an SBA 7(a) Loan can vary, but in general, the program allows businesses to borrow up to $5 million. The SBA guarantees a portion of the loan, with guarantee percentages typically ranging up to 85% for loans of $150,000 or less and up to 75% for loans exceeding $150,000. Borrowers are usually required to make a down payment or equity injection, typically around 10% to 20% of the total project cost. The specific loan amount you can access depends on the intended use of the funds and your ability to meet the lender's requirements. Keep in mind that individual lenders may have their own policies and underwriting criteria, which can affect the final loan amount, so it's advisable to consult with SBA-approved lenders to determine the loan amount that best suits your business.

Our team is well-prepared to address a wide range of funding requirements for businesses. Therefore, there is a high likelihood that we will be able to find a funding option that best suits your business needs. Simply submit our application for a free funding analysis and our team will promptly get in touch with you to offer their assistance.