Resources to Avoid Resist the impulse to borrow money from paycheck cashing companies that charge exorbitant interest rates. Avoid withdrawing money from your home equity or personal retirement accounts. These approaches put your personal and business finances at tremendous risk. References Writer Bio Lisa McQuerrey has been a business writer since 1987. In 1994, she launched a full-service marketing and communications firm. McQuerrey's work has garnered awards from the U. Small Business Administration, the International Association of Business Communicators and the Associated Press. She is also the author of several nonfiction trade publications, and, in 2012, had her first young-adult novel published by Glass Page Books.
Fast Capital 360 uses an online application to keep things quick and simple. After all, when you need emergency small business funding, the last thing you need is a lender that is going to drag its feet throughout the application process. 3 Reasons Why You Should Apply for Funding Through Fast Capital 360 1. Approval Within Hours At Fast Capital 360, we are dedicated to helping businesses find the right funding option. Once you complete your online application, we start working for you. You might receive a call from one of our experienced business advisors in as little as 30 minutes. Next-Day Funding Short-term financing is perfect for emergencies. Your business advisor will inform you about the options available for your business. If you find the emergency money for your small business you're looking for, all you'll need to do is sign your contract and you could receive the money as soon as the following business day. No Pressure Our business advisors are here to help you any way they can — whether that means getting you funded as soon as possible or pointing you in a direction that might better serve your company.
US Markets Loading... H M S Premium A customer waits for their order inside a nearly empty Tasty Burger restaurant in Cambridge, MA, on March 11, 2020. Jessica Rinaldi/The Boston Globe via Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. PPP will likely run out of money before the May 31 deadline. The SBA approved nearly $224 billion in PPP loans as of April 5, leaving $68 billion in funds. We listed other emergency funding resources available now for small businesses suffering financially. Visit Business Insider's homepage for more stories. More than 99% of all American businesses are small businesses, and they employ more than half of the workforce. One in five businesses closed permanently in the first months of the COVID-19 pandemic, according to US government research. In addition to the immediate public health crisis, the global pandemic kicked off a recession that is further impacting the survival of small businesses.