Jason Vissers

Small business owners and the self-employed have faced particular challenges and frustrations, as many were unable to get a PPP Loan during the last round of funding despite applying as soon as the funds became available. The good news is that on April 21, 2020, the US Senate passed a bill authorizing the addition of $310 billion to the Paycheck Protection Program (PPP), which offers forgivable loans to businesses affected by the devastating COVID-19 outbreak. Just know that once it’s signed into law, it might be another day or so before the SBA can reopen the program to new applicants.

On December 27, 2020, a new COVID-19 relief package was signed into law. This package allots an additional $284 billion for a second round of PPP funding, allowing business owners to receive a first or second loan. Applications for this round of funding started the week of January 11, 2021, and will continue through March 31, 2021.

The Ramp corporate card centers around one mission: saving its customers money. Besides its lack of fees, Ramp also includes software designed to help cut costs across the board — potentially saving companies more than just the base 1.5% cash back.

With high borrowing limits, long repayment terms, competitive interest rates, and less stringent requirements than traditional low-interest loans, it’s no wonder SBA loans are highly sought by small business owners.

Businesses looking to cut out the middle man and make purchases directly from their PayPal business accounts can easily obtain the PayPal Business Debit Mastercard and earn 1% cash back on all eligible purchases. Combine this with the card’s lack of an annual fee, and you have a handy way to earn some extra cash with your business spending without having to worry about interest charges. Do the advantages of using the PayPal Business Debit Mastercard outweigh the disadvantages? Read the rest of our review, so you can make an informed decision that benefits your business.

Divvy has made waves in the fintech scene in recent years thanks to its forward-thinking expense software. Whether the Divvy credit card is any good depends on your business. That said, the Divvy business credit card offers solid rewards and great perks. The Divvy credit card will be best suited for businesses needing a robust spend and expense management solution in addition to a corporate card program.

This corporate credit card, issued for Stripe by the Utah-located Celtic Bank, boasts a 1.5% cash back rate alongside a strong portfolio of extra perks. Plus, as this bit of plastic is a Visa card, your team members shouldn’t have problems using the card worldwide.

Nonprofit organizations have plenty of reasons to sign up for a credit card. Because a nonprofit is technically a business, it may make sense to apply for a business-specific credit card, though there are cards available specifically for nonprofit use as well. Whether you’re looking for a card with no personal guarantee, strong rewards, or something else, discover the best credit cards for nonprofits here.

The process of selecting a payment processor is a daunting, complex one. Read our post for a sense of what to look for when choosing a credit card processor for your restaurant — as well as a snapshot of the processors and POS systems that, we feel, give foodservice businesses the best value for their money.

The PayPal Chip & Swipe Reader has magstripe and EMV support and works with the PayPal Here app for mobile processing. At $24.99, the retail price is definitely competitive — but new PayPal merchants can even get it for free.