A business term loan option for CPA firms and their clients has been added to the CPA Business Funding Portal. Current portal users can immediately offer term loans while new subscribers can do so later this week.
The portal, developed by CPA.com and Biz2Credit, has been used to help CPAs and their clients with obtaining fund through government-based programs such as the Paycheck Protection Program.
The system offers an all-online application and closing process and a quick turnaround on loan decisions.
CPA.com says the new capability provides “competitive financing terms” with a discount that amounts to about 1 percent to 2 percent on the loan annual percentage rates for loans ranging from $25,000 to $1 million. Non-variable interest rates are secure through Biz2Credit. Firms have the option to earn commissions on funded financing applications.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
