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The SBA’s implementation of the Payroll Protection Program (PPP) has been a mess. The intention was to provide needed relief to businesses that were impacted economically by the COVID-19 crisis. The Paycheck Protection Program was established by the CARES Act to help smallbusinesses keep paying their workers.
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 smallbusinesses affected by COVID-19. Getting money into the hands of smallbusinesses is a good idea, and we applaud the government’s quick actions.
– Consider a separate loan program for very smallbusinesses (fewer than 10 or 20 employees) that’s based on a revenue formula and so long as they use the funds for current expenses (i.e., – We need distribution mechanisms beyond the SBA (which is overwhelmed). . Expand the SBA Microloan Program . million.
I posted 5 Things Every Manager Should Know About Financial Forecasts recently on the Industry Word blog on the SBA (SmallBusiness 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.
It aggregates various U.S. Business Plan Template Download: When you’re ready to dive in, start with our business plan template. 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. Government datasets and makes them easy to search and use.
Are you an entrepreneur or smallbusiness owner with questions about funding your smallbusiness? Maybe you are wondering which metrics to track, or whether or not you should take out a loan for your business. You can kind of think of it like a kayak for smallbusiness. My name is John Bates.
Let’s go down to the smallbusiness. I think my business is awesome. I’ve done a lot of amazing things in my business. A lot of smallbusinesses, and when I say small, I’m referring to kind of 10-person companies, 5-person companies, 20-person companies. John Warrillow: Right.
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