Regulatory & Tax

SBA Business Acquisition Loans – Recent Policy Changes

Source: Small Business Administration Standard Operating Process (SOP) Fnbsmallbusiness.com The revised Small Business Administration (SBA) Standard Operating Process (SOP) 50 10 7.1 took effect in November 2023. There were several changes that could be very impactful to small business owners and their access to capital. This article is the first in a 4-part series on […]

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Navigating Business Tax Deductions for Small Companies

Understanding business tax deductions is vital for any entrepreneur or business owner. These deductions can significantly reduce your taxable income, leading to substantial savings and improved financial health for your business. However, navigating the complexities of tax laws and identifying which deductions apply to your specific business can be challenging. This article provides an overview of

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Differences Between Major SBA Loan Programs – SBA 7(a) vs. SBA 504

Source: FNB blog Admittedly, SBA program names are a bit esoteric and hard to remember for everyone who doesn’t work day to day around these government-backed loan processes. Still, the SBA lending program is a widely utilized way to get financing in a reasonable period of time with competitive terms and some important benefits. One

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Corporate Structure Primer

Source: BizActions, Thomson Reuters Background on Business Taxes and Owner Liability The federal income tax treatment of a domestic business operation — one that’s domiciled in the United States — depends on how it’s set up. A business’s “choice of entity” has broad implications, including: Whether there’s an entity-level federal income tax, How much flexibility

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