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The SBA Needs To Get It’s Act Together On The PPP

VC Adventure

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.

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Extending and Expanding Aid – Some Policy Ideas

VC Adventure

– We need distribution mechanisms beyond the SBA (which is overwhelmed). Expand the SBA Microloan Program . – The SBA Microloan program works through nonprofit intermediaries to provide technical assistance and loans of up to $50,000 to small businesses and nonprofit child care centers. million. .

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We’ve helped over 150 small businesses navigate the crisis | Here’s what we’ve learned

VC Adventure

We will continue to aggregate learnings as we expand the network and try to use them to both influence policy as well as to accelerate and expand our ability to help businesses that continue to struggle through the Covid-19 induced economic crisis. According to data released by the SBA , the average PPP amount was just over $200,000.

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Do You Have Fear of Financials?

Up and Running

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.

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Resources for Entrepreneurs Writing a Business Plan

Up and Running

It aggregates various U.S. This template is in an SBA-approved format so you know it will cover everything lenders look for in a plan. For the U.S. market, here are my favorite resources for gathering market data: Data USA: A collaboration between MIT and Deloitte, this is an excellent starting point for U.S.

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Transcript of Advice for Entrepreneurs Who Want to Sell Their Companies

Duct Tape Marketing

And they typically, in the United States at least, get an SBA Loan, Small Business Administration Loan. And the SBA is basically a government-guaranteed loan that a bank will offer, and it will allow an acquirer, an individual, to buy a business that they couldn’t ordinarily afford.

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How to Fine-tune Your Small Business Finances—from Funding to Growth [Webinar Recap]

Up and Running

There are SBA loans. Very few people know that there are actually viable options for them beyond the bank and once you do realize that there are viable options for you beyond the bank it’s impossibly difficult to navigate. This is because there are a myriad of loan products out there.