With all the uncertainty surrounding when states will lift restrictions and if clients will come back, it is prudent for business owners to be mindful of how the value of their business will be affected.
Many hardware retailers have had strong sales in March and April despite states’ various shelter-in-place orders. If new home starts and construction projects slow down, you want to be prepared for a drop in sales.
Many real estate agents have had a strong start to the spring despite states’ various shelter-in-place orders. However, as the toll of the coronavirus begins to contract the economy, we want you to be ready for a slower second half to 2020.
When you receive PPPL funds it's important to have a money trail to properly account for the usage of the funds. This will help you when you apply for loan forgiveness
Here are some things you can do now to help move your business from crisis mode to a proactive business continuity planning discussion that can save you money now and lead to long-term revenue and net income growth.
Before applying for any loan, we suggest that any business owner put together a cash flow projection for the next 6 months assuming that their current revenue will persist.