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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...
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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...

5 Mistakes That Cost Founder Equity

June 10, 2019 - Blogs

Determining the amount of equity...

Don’t Let Your Business Finances Embarrass You

May 22, 2019 - Blogs

Think your fast-growing company’s finances are a mess? You are not alone. Virtually every startup struggles to establish a sound small business financial management system. The good news is that there are four steps you can take to turn embarrassment into pride. Step 1: Admit you have a problem I recently had a conversation with a small business owner. He told me his finances were...

Should You Sign Personal Guarantees on Business Loans?

May 13, 2019 - Blogs

The notion of pledging personal assets to back a company loan is frightening to many small...

Bad Board Members End Companies

November 27, 2018 - Blogs

One of my first CFO jobs was a really tough gig. It...

What a Pizza Parlor Can Teach Us About Business Models

November 6, 2018 - Blogs

I was in Chicago last weekend in search of...