Business Loans

Tailored commercial financing with amounts up to $500K1,2 and flexible terms of up to 12 years1

Debt consolidation loan

Turn business debts into one fixed and affordable monthly payment

Existing business investment loan

Upgrade and expand your current business to increase your bottom line

New business opportunity loan

Buy into a business or develop passive income opportunities

Working capital loan

Boost your liquidity to finance all of your business needs and initiatives 

Personal Loans

Customized consumer financing with amounts up to $200K1 and flexible terms of up to 10 years1

Debt consolidation

Turn personal debts into one fixed and affordable monthly payment

Home improvement

Remodel your kitchen and bath, add a pool, or make other upgrades to your space

Other ways to use your funds

Pursue multiple goals with one comprehensive financial solution 

April 4, 2022

BHG Money Brief: Employee leave tax credit updates for business owners

What SBA (7a) loans can be used for

Question: What do the Paid Sick Leave Credit and the Child Care Tax Credit mean for small business owners?


Answer: Immediate tax credits to your business for employees who are taking leave for a variety of reasons, due to COVID-19.

COVID-19 has had a drastic impact on the daily lives of business owners, employees, and their families. To help ease the burden of navigating sick leave and childcare during this time, new tax credits have been introduced by the US Government. These credits are designed to help business owners take care of employees and their families while maintaining their businesses during this crisis.


  • The Paid Sick Leave Credit allots employers a credit for up to 80 hours for each employee unable to work due to coronavirus-related illness, quarantine, or treatment
  • An additional leave credit for up to 2/3 of each employee’s regular rate of pay is available for an extra 80 hours during which the employee is caring for someone else with the virus or a child whose school/daycare has closed due to COVID-19
  • The Child Care Leave Credit is a credit equal to 2/3 of each employee’s regular rate of pay for up to 10 weeks, and is available in addition to the Paid Sick Leave credit


Running a business can be challenging even in the best of times. Taking advantage of tax credit opportunities during this crisis can help you take care of employees and allow your business to continue to grow. For more details on options currently available to business owners, as well as situational examples from the US Treasury Department, IRS and US Department of Labor, click here.

At BHG Financial, we provide business loan solutions that can help you overcome challenges and empower you to accomplish your business goals.

Want to see how affordable your goals can be? Visit our Payment Estimator below, or call our team at 866.280.5476 to speak to a loan specialist today.

*BHG Financial is not providing tax or legal advice through this article.