Tag: cash flow
invoice factoring companies

Will You Be Able to Repay Your PPP Loan?

The Paycheck Protection Program or PPP is a government funded program aimed at incentivizing small business owners to keep operating. The program offers up to $10 million in funding and is up to 100% forgivable. To qualify for loan forgiveness, at least 75% of the loan…

Will You Receive the Next Round of Stimulus Funding?

Congress is on the brink of approving the next round of small business stimulus funding in the form of the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan program (EIDL). The first round worth $349 billion ran out in less than two weeks. This round…

accounts receivable financing companies

Forecasting Your 90 Day Cash Flow

Longer term pictures of cash flow can be important when wooing investors or bank underwriters, but the COVID-19 disruption in business can make this statement inaccurate when it comes to staying afloat short term. This is where a 90 day cash flow forecast can help you…

strategies for working capital funding

How to Improve Cash Flow While Waiting for an SBA Loan Approval

There are a couple of SBA programs that are offered to small businesses to weather the COVID-19 slowdown. The Paycheck Protection Program and the Economic Injury Disaster Loans are great resources that small business owners can apply to for inexpensive business financing to keep their business…

invoice factoring atlanta ga

What is the Paycheck Protection Program?

The Paycheck Protection Program is a Small Business Administration program aimed at encouraging small business owners to keep employees on payroll. If a small business keeps all employees on payroll for eight weeks, the SBA will forgive up to 100% of the loan if the loan…

75% OF BUSINESS OWNERS HAVE 28 DAYS OR LESS OF CASH RESERVE

60 Day Plan to Protect Your Small Business

Small businesses are struggling right now. There is no other way around it. 75% of small businesses have 28 days or less of cash reserve, so an indefinite suspension of full operation is going to be a blow. All of that being said, there are some…

survive recession

How to Get an SBA Economic Injury Disaster Loan

Due to the disruption of small, medium, and large sized businesses in the wake of the COVID-19 response, the Small Business Administration is offering Economic Injury Disaster Loans. These loans are working capital injections that aim to help business owners pay debts, meet payroll, accounts payable,…

Predatory Lending During a Global Crisis

If your inbox is anything like ours, you are probably receiving updates from any business partner you have ever worked with. These updates are saying things like “we are still open during this crisis” or “we hope you stay healthy” or “please reach out if there…

Business Funding: Is the Cure Worse Than the Disease?

COVID-19 has thrown all small business owners into a panic. 75% of small business owners have 28 days or less of cash reserve. An indefinite shutdown of business is terrifying when that’s the case. I am a small business owner. I know the fear of losing…

Three Tips to Protecting Your Business During COVID-19

What the heck happened over the last few weeks? One day everyone is talking about a theoretical impending recession, and the next, millions of people are losing their jobs. It’s hard not to have the REM song, “It’s the end of the world as you know…