Simple Solutions: How to Get Money Quick for Your Small Business

We are committed to sharing unbiased reviews. Some of the links on our site are from our partners who compensate us. Read our editorial guidelines and advertising disclosure.

From our experts to your inbox. Each week.

June 15, 2022

 Microloans offer a small addition of cash for your business. We’ll tell you why they might be useful. Plus, Sunday is Juneteenth.

Microloans can provide much needed money to get you through the rest of the year.

Could your business use more money?

We’re already halfway through the year so we wanted to show you how microloans could give your business a boost to close 2022. These capital injections allow you to invest in inventory or pay down property costs. So, could your business use more money? Well, you’re in luck.

Microloans arrive in as little as 14 days and average around $13,000. Honestly, these small loans are pretty great ‘cause they have low rates and shorter terms (beware of inflated interest though).

You still have to pay them back, but they can really help your business stay afloat for the back half of the year.

Interested? We put together a list of everything you need to know about microloans.

Weekly must reads

Still have questions about microloans? No worries—we’ve got you covered. We put together a guide on what they are and how they work so you can feel confident when you apply for a loan.

Maybe a loan isn’t the best option for your business. So what else is out there? Great question. We listed out the pros and cons of common business funding methods. Depending on your business needs, we think you’ll be able to find the right funding for your business.

Need a new stand mixer or forklift? Maybe something else entirely? You’ll need an equipment loan. Lenders offer lower interest rates and longer loan terms, which helps keep the cost of your equipment down. Intrigued?

We need Black-owned businesses

Juneteenth is this coming Sunday (June 19) and it commemorates the emancipation of American Americans from slavery. In 2021, the year it became a federal holiday, Black Americans represented 13% of the US population but held only 4% of household wealth. And the devastating effects of the COVID-19 pandemic led more than 40% of Black businesses to shut down.

Since minority-owned businesses get denied funding at three times the rate of non-minority-owned businesses, we put together a list of the best small business loans. Our top pick? Lendio.

Not interested in a loan? There are also grant opportunities specifically designed for minority businesses. Check out our chat with Taylor Maag for more info about grant programs to spur economic recovery.

We’ve previously covered interest rates, cryptocurrency, and climate change… Check out all previous editions of Simple Solutions on our website!

Thank you for reading. We’ll see you next week.

     - Alex and the team

To receive Simple Solutions,'s weekly newsletter, in your inbox on Wednesday, sign up here.

Alex Kerai
Written by
Alex Kerai
Alex covers ecommerce and inventory management for  Alex has spent the last five years as a writer and a multimedia creator working with businesses, non-profits, and educational institutions. He has been focused on helping businesses find ways to survive and thrive while facing challenges and is passionate about helping small businesses succeed (especially in a post-pandemic world). Utilizing his experience working a variety of jobs across the country, Alex writes for businesses today.
Recent Articles
businesswoman considering a business line of credit
Will Opening a Business Bank Account Ding Your Credit?
Find out how banks use your credit score when you open a business bank account....
Featured image of a young woman sitting at a table in a cafe, smiling at a piece of paper
7 Vendors that Help Build Business Credit 2022
Want to improve your business credit score and get the products and services your business...
man shakes loan officer's hand
Bluevine Business Banking Review 2022
We’ve spent hours researching Bluevine and comparing it to other online and traditional banks. Here’s...
What Is Peer-to-Peer Lending?
If you have bad credit, an aversion to banks, or an itch to invest, peer-to-peer...