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The SBA’s implementation of the Payroll Protection Program (PPP) has been a mess. In particular, the SBA has given inconsistent guidance that continues to change and evolve, leaving companies left to wonder if they qualify or not. But, while very well-intentioned, it’s implementation has been flawed.
– We need distribution mechanisms beyond the SBA (which is overwhelmed). – Create a Public Health Financing Program to ensure that underserved communities are prepared to respond to COVID-19 and other emerging health threats. Expand the SBA Microloan Program . Expand the Existing SBIR Programs. million. .
I wrote recently about the The Finance Assistance Network (FAN) , that I helped set up (along with Lew Visscher and Phil Votteiro) three weeks ago to offer pro bono financial advice to small businesses affected by COVID-19. According to data released by the SBA , the average PPP amount was just over $200,000.
I posted 5 Things Every Manager Should Know About Financial Forecasts recently on the Industry Word blog on the SBA (Small Business Administration) community site. It aggregates and summarizes. I received an email overnight that reminds me that people still need a lot of reassurance about financials.
Bates: Good morning and welcome to our CEO panel, “How to Fine-Tune Your Small Business Finances From Funding to Growth” which I think is the direction that we would all like to be going. I’m here with some really phenomenal CEOs who are going to talk to us today about small business finances from funding to growth.
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