
Is Now the Time to Buy a Business? If you’re considering buying a business, read these bookkeeping tips to learn how to evaluate the financial health of a business before you buy. Whether you are an entrepreneur looking for a potentially lucrative investment, are a pragmatist seeking a recession-proof source of income or have decided the current […]
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U.S. CEOs Have High Confidence in Economic Outlook CEOs expect improvement in the labor market over the next year. The outlook for employee wages also improved, while the potential for layoffs receded, according to the report. Corporate leaders are more upbeat about the U.S. economy than at any time in the past 17 years, according […]
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As a result of recently passed stimulus legislation called the Economic Aid Act, additional funding has been made available under the Paycheck Protection Program (“PPP”) for both first and second-time borrowers. It is anticipated that borrowers applying for a first PPP loan will be able to do so through community financial institutions beginning Monday, January […]
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Small-business owners will have access to new PPP funding. SBA prepares for new round of PPP loans The U.S. Small Business Administration has yet to release a date for when it will start accepting new Paycheck Protection Program loan applications, but it has revealed who gets to go first. The agency plans to accept PPP loan applications only from community […]
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The Federal Reserve has once again altered the terms of its $600 billion Main Street Lending Program to reach more small businesses. The minimum loan size for both for-profit businesses and nonprofits is now $100,000, down from a $250,000 loan minimum. In addition, Paycheck Protection Program loans of up to $2 million now will be excluded from calculating the size of a possible […]
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COVID-19 has disrupted the way businesses conduct their day-to-day operations as a result of lockdowns and other mandatory quarantine measures. Restaurants, airlines, hotels, casinos, and many other establishments … have been forced to rethink their business models and the way they deliver their products and services to clients. The goal is to not just bring […]
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For many small business owners or solo entrepreneurs, keeping a positive cash flow and securing financing is a top priority. Many small business owners rely on business loans, personal loans or personal savings. Only 10 percent of small business owners received startup funds over $25,000, while a staggering 78 percent did not use external financing at all. For […]
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Myth #1: Factoring is “all or nothing”: You have to factor ALL of your invoices to qualify. FACT: Not every factoring company requires businesses to factor all of their invoices. Some offer much more flexibility to allow the business to factor a small number of invoices. For example, AR Funding works with clients who have […]
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An excellently written article by John Stanfield and published in the Equipment Finance Advisor: In a time when liquidity is of the utmost importance; it is imperative that lenders understand how Paycheck Protection Program (PPP) loans will impact borrowers’ taxes and free cash flow. The CARES Act plainly states PPP loan proceeds will not […]
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PPP Program Is Out of Funds — But Firms Should Keep Applying There’s a reason the money’s all gone — the terms of the Paycheck Protection Program for small businesses are generous. Getty Images By RODRIGO SERMEÑO April 17, 2020 Less than two weeks after the program’s debut, the $349 billion allocated for the Paycheck Protection […]
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PPP Program Is Out of Funds — But Firms Should Keep Applying There’s a reason the money’s all gone — the terms of the Paycheck Protection Program for small businesses are generous. An Excellent Article From Kippliinger: By RODRIGO SERMEÑO April 17, 2020 Less than two weeks after the program’s debut, the $349 billion allocated for […]
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Indiana Bankers Association Urges Immediate New Funding For Paycheck Protection Program APRIL 16, 2020 The Indiana Bankers Association joins with the banking community nationwide in urging Congress to provide immediate new funding for the Paycheck Protection Program (PPP). Due to the high demand for PPP loan applications, funding of the loans has run out as […]
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