Treasury has published its “final” rules regarding PPP loan forgiveness. I put “final” in quotes, because Congress is currently debating possible rules changes (e.g., eliminating the 75/25 rule and extending the covered period beyond 8 weeks). I wouldn’t, however,...
According to a survey by Clutch, less than 1/3 of small business owners are very confident in their ability to execute their strategy, 40% failed to attain 1/2 of their goals, and 95% failed to attain all of their goals.
Businesses need to have a strategy for the next 12-18 months, well into 2021. This is not the time for short-term thinking or to hope that things will get better in the near future.
This is one of the most confusing programs ever introduced by the Federal Government and guidance remains “sketchy”. This link reflects the Treasury Department’s interpretation of the bill.
As Michigan gets back to work, it is crucial to maintain a safe work environment for your employees and for any members of the public that you may encounter. Business owners are also required to have a written preparedness and response plan, per EO 2020-59.
The popularity of EBITDA isn’t just bad for investors, it’s bad for the economy as a whole. Firms should be aiming to maximize ROIC.
It is never too early to begin considering your exit strategies and, as you do, remember how critical it may be to also take into consideration the impact that the Coronavirus has had on your business as well.
It’s a good question. And with the SBA PPP deadline looming, we sought out an expert to answer it.
The government had promised to issue more guidance for Paycheck Protection loans by April 26. Borrowers are still waiting.
