How to Maximize Your PPP Loan Forgiveness
May 18, 2020 - Blogs
After an agonizing few weeks of waiting for your Paycheck Protection Program loan approval, you’ve finally received your money. Now the real fun begins: How should you spend it to take advantage of the program’s forgiveness feature? First, let’s explore what the forgiveness feature actually entails. Forgiveness is based upon eight weeks of spending from the date the funds land in your...
PPP 2.0 Launches Monday April 27
April 25, 2020 - Blogs
The US government has added $320 billion to the popular Paycheck Protection Program. The SBA announced they will begin accepting new...
Distribute PPP Funding Fairly. Adopt 10-to-1 Rule.
April 20, 2020 - Blogs
The SBA announced that funding has dried up for...
There Will Be Enough Paycheck Protection Program Funding For All of Us
April 6, 2020 - Blogs
Last Friday I frantically prepared documentation...
Key CARES Act Loan Program Started Accepting Applications Today
April 3, 2020 - Blogs
Information in this post is written for business owners of companies up to $20M annual revenue and up to 100 employees. On Friday, March 27, 2020 Congress signed into law the CARES act. One of its provisions is The Paycheck Protection Program (PPP), a generous loan program for business owners (1% annual interest, 2-year maturity, first payment deferred six months, no fees). Last night the...
DIY Accounting for Small Business
October 22, 2019 - Blogs
Many homeowners begin a do-it-yourself project with the best of intentions: saving money. Too often, when we tally up the final results of our project we are left with something like this: Materials = $500Time = 20 hours X what your time is worthCost to hire an expert to repair your work = $1,700Price of the expert to do the project right the first time: $1,000 While you thought...
How Startups Finance Themselves
October 9, 2019 - Blogs
Ask a successful entrepreneur what their most daunting task was when they started a business...
5 Mistakes That Cost Founder Equity
June 10, 2019 - Blogs
Determining the amount of equity founders and...
Don’t Let Your Business Finances Embarrass You
May 22, 2019 - Blogs
Think your fast-growing company’s finances...
