Update: The Paycheck Protection Flexibility Act of 2020
This week, Congress passed the Paycheck Protection Flexibility Act of 2020. With this new development come some exciting updates to take note of.
The PPP Loan Forgiveness Application
On Friday, May 15, 2020, the U.S. Small Business Administration, along with the Department of the Treasury released the Paycheck Protection Program (PPP) Loan Forgiveness Application. Learn more…
SBA Loan Assistance Guide
In the midst of the coronavirus pandemic, many business owners are looking for financial assistance to make ends meet. As you may have heard, the Small Business Administration (SBA) is now offering help to small businesses by providing low-interest loans. As we’ve written previously, even if you don’t need a loan now, you might later on. So NOW is the time to familiarize yourself about the process (our blog on that is here).
Worried about how to market your business during the pandemic? 7 Things to do NOW.
We’re all struggling with how to market ourselves during the pandemic. Not because we’re greedy, but because we have to survive. At BKE, we’ve stopped marketing our services entirely. Instead, we’ve shifted to providing tips and guidance to everyone (whether they are clients or not) on how to weather the pandemic financially.
Small Business Administration (SBA) Loans
The SBA (Small Business Administration is planning a stimulus package for small businesses during the pandemic. That stimulus for small business consists of loans directly by the SBA (not from banks). These loans will be at a fixed rate of 3.75% and up to $2M, with a long-term payback.
Net Income Versus Cash in The Bank—Why They Never Match!
When you look at your net income versus cash flow, why are they different? If net income is the money that you bring in, and cash flow is the cash you have on hand, aren’t they the same thing? Nope.
How Do You Measure Up Against Your Competitors?
For small businesses who run on tight margins, checking cash flows regularly (monthly) is critical. You need to know if your everyday operations are generating enough money for you to basically stay in business. If you’re running low on cash, you might want to check it more frequently.
What These 3 Simple Analytics Tell You About Your Financials.
For small businesses who run on tight margins, checking cash flows regularly (monthly) is critical. You need to know if your everyday operations are generating enough money for you to basically stay in business. If you’re running low on cash, you might want to check it more frequently.
How much is your franchise actually worth: Balance sheet versus income statement
Just knowing dollars in, dollars out, and what’s left over every month won’t tell you what your company is actually worth. To do that, you need your balance sheet to show you the big picture.
INFOGRAPHIC: Why Franchise Owners Should Care About Cost of Goods Sold (COGS)
For small businesses who run on tight margins, checking cash flows regularly (monthly) is critical. You need to know if your everyday operations are generating enough money for you to basically stay in business. If you’re running low on cash, you might want to check it more frequently.