Today's Important News by Priscilla Dakin
This program offers funds with delayed repayment at low interest rates and some or all may be forgiven. One Source
This program is to be rolled out this week (5/25/20) as a 4-year loan. Forgiveness is not part of it. Details Here
These loans are available for application and are generally longer term and low interest rate. Forgiveness is not part of it. Application Here
Each bank is responsible for processing the application for forgiveness. How one bank is handling it is not as another is. Check with your bank.
In the last several days, it has been announced that some forgivable PPP loan money remains available & if you have not gotten your personal stimulus money you have until 12PM Wednesday 5/13/20 to enter direct deposit information OR wait for the mail, a good long time.
are you planning to be different to fit the change in your clients, the restrictions demanded, the needs for your staff?
are you prepared to answer the question about 'need' as defined in your application, keeping proper records of expenditures, working off a specific plan for spending the funds on time, and adhering to a process for keeping track?
rules are still being written and challenged? For instance, it seems it is still unclear how your taxes will be impacted regarding grants and forgivable loans.
to hoard cash, be nimble for change, and care for yourself, staff, family, and clients.
my job is to help. Priscilla
Having Trouble ? Ask Me
Contact your business banker - soon
Through SBA. gov
Up to $25,000
Having Trouble? Ask Me
Includes the $600 per week extra
from federal government
Includes the $600 per week extra from federal government.
For 40+ pp employers - a loan
Add a footnote if this applies to your business
For each individual and business owner, there are ways to success. These are just some concepts to consider.
Design a pivot in what you are typically doing.
From $100K to $30MM in revenue, Priscilla has deep, multi-industry operational experience over decades.
Over 30 years of education and experience in valuation and brokering businesses, having earned two fellowships, Certified Business Intermediary, and MBA from the University of Chicago.
A top contributor to ABBA Best Practices.
Giving proper service by not trying to the be biggest but, instead, being the best. Many times better than the average.