Category: Working Capital Financing

About the SBA’s EIDL Program  The Economic Injury Disaster Loan (EIDL) is a loan program offered by the Small Business Administration (SBA). It provides financial assistance to small businesses and non-profit organizations impacted by a disaster. The government established the EIDL program to help businesses recover from natural disasters. For example, hurricanes, earthquakes, and wildfires, […]

How and when to apply for PPP loan forgiveness The Paycheck Protection Program (PPP) loan forgiveness application process can be completed after the borrower has spent all the PPP loan funds on eligible expenses and can demonstrate that the funds were used in compliance with PPP loan requirements.  Here is a general timeline for the […]

Bill Gallagher: Leading CFG Merchant Solutions to Success in the Revenue-Based Financing Industry.  William “Bill” Gallagher is a successful business operator and the President of CFG Merchant Solutions. CFGMS is a company that provides financial services and solutions to small and mid-sized businesses throughout the United States. Bill has over 25 years of experience in […]

Stay ahead of the new MCA disclosure regulation with guidance from our Compliance Department.  When a new disclosure law is implemented, it typically requires businesses to make changes to their operations and processes to ensure compliance. For Independent Sales Organizations (ISOs) processing merchants in Virginia, California, and Virginia Utah might involve updating contracts and other […]