VC Cafe

APRIL 29, 2020

Source: NVCA , “Startup Ecosystem Faces Capital Crunch over Coming Months” USA – SBA Loans and PPP. The $349 billion aid package issued by the US Government and distributed in the form of SBA loans was quickly gobbled up by a large number of applications, many of which were from venture-backed or PE-backed startups.

SBA 124

SBA Technical Review Startup 124

VC Adventure

MAY 14, 2020

As I wrote about at the beginning of the week, the SBA has made a mess of the Payroll Protection Program. Yes, there are some challenges to parts of the structure of the program , but I was referring in that post to the SBAs implementation of the program and the varied guidance they’ve given since the program’s launch.

SBA 83

SBA Programming Affiliate Lean 83

VC Adventure

APRIL 7, 2020

There’s a healthy debate going on right now at many VC firms about whether venture-backed companies should apply to the SBA’s Payroll Protection Program (The Information had a good article on this yesterday (paywall), and Albert Wenger from Union Square Ventures put up an excellent post on the subject here ).

SBA 118

SBA Balance Sheet Programming Portfolio 118

Up and Running

AUGUST 15, 2014

If you own your own business and find that you simply don’t have enough time on your hands to be able to do all the things you need to do, you may be asking yourself should you hire an employee? . If you’ve already got employees, your question will be similar, when is the right time to hire another employee?

Hiring 99

Hiring Employee Los Angeles SBA 99

YoungUpstarts

JULY 30, 2019

The truth is that you can have both and I strongly encourage aspiring employee-preneurs to review the following five reasons to consider maintaining your job in the first few years of building your business. Business Ownership Strengthens Your Employee Net Worth. Learning from Both Work Environments.

Small Business Administration 140

Small Business Administration SBA Portfolio Small Business 140

Up and Running

OCTOBER 29, 2014

What is an SBA Loan? As an independent agency of the government, the SBA partners with both public and private organizations to deliver its services, including loans. An SBA Loan is not a direct loan from the SBA itself. You can apply for an SBA Loan if you are part of a U.S. What can you use an SBA loan for?

SBA 126

SBA Puerto Rico Virgin Islands Guam 126

Up and Running

OCTOBER 29, 2014

The process is approachable (I will go into more detail below) and has a relatively short turn around, but the SBA does have loan requirements for eligibility. In addition to assisting businesses in recovery, the SBA does provide home and personal property loans. Federal regulations in the U.S. Leasehold improvements. Details here. .

SBA 83

SBA New York City Technical Review Small Business Administration 83

Startup Professionals Musings

JUNE 23, 2023

You have an advantage if you can get them on your turf, and even get several key employees to tag-team the presentation. Even if you can’t meet all these criteria, it’s definitely worthwhile to utilize the free services of the Small Business Administration (SBA) and SCORE in the US to get their help in preparing for the loan option.

Silicon Valley 292

Silicon Valley CPA Small Business Administration Startup 292

Up and Running

MAY 9, 2018

Other entrepreneurs start the planning process with a concept that requires employees or with a vision for market domination. A portion of the SBA loan is guaranteed by the Small Business Administration and requires documentation and attention to detail that anything associated with the government will always entail. Target market.

Business Plan 71

Business Plan SBA Software Review Small Business Administration 71

The Startup Magazine

MAY 12, 2020

If you are self employed with no employees you may have had to close down your business until the pandemic slows. Fortunately, self employed workers with no employees are still eligible for PPP loans. These documents will be necessary when you visit your SBA lender to request help. Filling Out A Loan If You Have No Employees.

Employee 134

Employee United States Government SBA 134

Up and Running

AUGUST 30, 2017

What employee childcare discount will you offer? List an advisory board if you have one, list all employee salaries, incentives, referral bonuses for recruiting, and all such details. That said, loans through the SBA can be standalone based on the viability of your business plan, so I recommend looking into them.

Business Plan 93

Business Plan SBA Software Review Advisory Board 93

Startup Professionals Musings

NOVEMBER 5, 2010

An SBA research study a while back is typical in concluding that gender is not a factor in new venture performance. More women entrepreneurs are single person businesses, while men tend to have more employees. Overall, female-run businesses grow slower, so create fewer jobs. Some women feel that pushing profits is “not polite.”

Entrepreneur 282

Entrepreneur SBA Technical Review Finance 282

Startup Professionals Musings

SEPTEMBER 27, 2020

You have an advantage if you can get them on your turf, and even get several key employees to tag-team the presentation. Even if you can’t meet all these criteria, it’s definitely worthwhile to utilize the free services of the Small Business Administration (SBA) and SCORE in the US to get their help in preparing for the loan option.

Silicon Valley 431

Silicon Valley CPA Small Business Administration SBA 431

Up and Running

JULY 24, 2017

For example, with an existing company, that information might be as simple as adding recent annual sales or number of employees to the basic company information in the first bullet here. SBA loans require a solid traditional business plan that includes a good executive summary covering the five main points suggested in the first list above.

Software Review 151

Software Review SBA Due Diligence Business Plan 151

Up and Running

OCTOBER 21, 2014

According to the SBA, 52% of all small businesses are home-based and of the 28 million small businesses in the US, 22 million of those are operated by people who consider themselves self-employed (they have no employees and no additional payroll). Are you going to be hiring employees? You can do it even if you start from home.

Elevator Pitch 166

Elevator Pitch Software Review SBA Business Plan 166

YoungUpstarts

SEPTEMBER 28, 2020

Talk to your banker, the SBA, reputable SBA lending consultants, and private investors to find out what kinds of capital might be available. Pay attention to employees. . As scared as small business owners may be about what the future holds, many of their employees are even more frightened.

Small Business 165

Small Business SBA Cofounder eCommerce 165

YoungUpstarts

FEBRUARY 20, 2019

Navigating the transition between a salaried employee and running your own consulting business can be tricky. A sole proprietorship is the “most basic type of business to establish” according to the SBA (Small Business Administration). by Katie Lundin of crowdspring. Sole proprietorship or LLC? Incorporate or register a partnership?

Small Business Administration 147

Small Business Administration LLC Limited Liability Company SBA 147

Up and Running

MARCH 8, 2016

If you do hire employees, they will also need these characteristics: Trustworthiness. Will you do everything yourself or hire employees? And your employees? If taking out a loan is an option you’re interested in, speak with the SBA. To learn more about SBA loans, see our Complete Guide to SBA Loans.

SBA 60

SBA Technical Review Software Review Business Plan 60

YoungUpstarts

APRIL 21, 2015

At SmartBiz Loans, we offer 6%-8% SBA loans online with funding as fast as 7 days. You have a great resource for adding fun to the workplace – your employees. A card or a cake takes little effort but can pay off big for employees who feel underappreciated or burned out. Use cloud accounting software.

Small Business 100

Small Business Software Review SBA Cloud 100

YoungUpstarts

APRIL 16, 2018

The Veterans Advantage lending program works through the Small Business Administration (SBA) to eliminate upfront fees for veterans seeking a business loan. The loan doesn’t come from the SBA itself, but rather through different lending partners including banks, credit unions, etc.

Programming 153

Programming SBA Small Business Administration Entrepreneur 153

YoungUpstarts

FEBRUARY 26, 2015

The SBA has a variety of loan programs and offers considerable resources to small business startups. Additionally, poor inventory management eats up capital , and according to the 2015 State of Small Business Report , 46% of SMBs with 11-500 employees currently do not track inventory or are using a manual process. LendingClub Inc. ,

Small Business 100

Small Business Small Business Administration SBA Non-Compete 100

VC Adventure

APRIL 19, 2020

. – Consider a separate loan program for very small businesses (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 .

SBIR 105

SBIR SBA Distribution Programming 105

The Startup Magazine

FEBRUARY 17, 2022

According to data from the SBA from 2019, the startup failure rate is around 90%. And without money, you can’t invest in effective marketing, you can’t hire more employees … and you will most likely fail. What are the biggest reasons startups fail? Having good liquidity as a startup is absolutely crucial.

SBA 151

SBA Startup Business Plan Hiring 151

crowdSPRING Blog

FEBRUARY 14, 2019

You should know that about two-thirds of businesses with employees survive 2 years and about half survive only five years. Your business location, facilities, equipment, and what kind of employees you’ll need are in this section. You can find a full list of the forms for each type of entity on the SBA website.

Angel Investor 85

Angel Investor Small Business Business Plan Intellectual Property 85

VC Adventure

APRIL 16, 2020

The current programs, including the Payroll Protection Program authorized by Congress and the Main Street Lending Program from the Federal Reserve, seek to help small businesses and their employees. Most businesses have few employees. The sheer magnitude of the problem makes it almost impossible for the SBA and its banking partners.

Small Business 110

Small Business SBA United States America 110

The Startup Magazine

FEBRUARY 10, 2020

Need to hire more employees to support production, services or marketing. SBA loans are one of the common sources of funding for small businesses in the U.S. The SBA isn’t a direct lender; instead, it’s a government guarantee program for small business loans from qualifying banks, credit unions, and alternative lenders.

Nevada 100

Nevada SBA Angel Investor Finance 100

Hunter Walker

JUNE 10, 2016

HW: At Homebrew we see lots of startups wanting to serve the small/growing business segment with software tools ranging from ecommerce, to point of sale to employees backoffice and so on. My team keeps bugging me to up our SnapChat game. MC: Oh wow. So many tools. Why give up that much equity for an amount we could raise other ways?

Technical Review 50

Technical Review Equity SBA Software Review 50

The Startup Magazine

APRIL 13, 2020

On the same note, there are no early payment penalties that can be charged by the SBA. If your organization employs 500 or fewer employees, then it is considered as a small business. In case you have more employees, you might not qualify for the EIDL loan. 3) Pay For Tax Fees. 4) Size Standards.

United States 169

United States Small Business Administration SBA Programming 169

Up and Running

AUGUST 29, 2014

Company culture is defined as the shared values, beliefs and practices of company employees including management. Company culture changes as the employees in the business change, as management makes strategic decisions and as the business environment shifts. Look for common employee behaviors.

Small Business 87

Small Business CPA Government North America 87

YoungUpstarts

NOVEMBER 19, 2013

Small Business Administration (SBA) is a national organization that supports businesses around the country. With local offices in every state, the SBA has four primary functions –business financing, entrepreneurial development, government contracting and advocacy. Qualify for low-cost employee health insurance.

Small Business 150

Small Business SBA Small Business Administration Security 150

Hunter Walker

JUNE 10, 2016

HW: At Homebrew we see lots of startups wanting to serve the small/growing business segment with software tools ranging from ecommerce, to point of sale to employees backoffice and so on. My team keeps bugging me to up our SnapChat game. MC: Oh wow. So many tools. Why give up that much equity for an amount we could raise other ways?

Technical Review 48

Technical Review Equity SBA Software Review 48

VC Adventure

APRIL 27, 2020

According to the Center for Responsible Lending , a large majority of Black, Latino and other minority-owned businesses stand close to no chance of receiving a PPP loan through an SBA-approved bank or credit union.

SBA 119

SBA Colorado United States Programming 119

YoungUpstarts

FEBRUARY 26, 2016

Instrumental decisions like hiring employees, running the day-to-day operations, and training all relies on the owner. According to the Small Business Administration (SBA), 50 percent of small businesses fail within the first year, and 95 percent fail within five years.

Small Business Administration 100

Small Business Administration SBA Business Model Small Business 100

Up and Running

APRIL 27, 2020

As a fledgling business, there’s a good chance you’re starting from your home , have minimal employees and very little overhead to maintain at this point. Cheaper, Better, Faster. That combination puts you in a great position to provide an inexpensive solution and win over customers. Better credit options.

Software Review 113

Software Review Lean Forecast Business Plan 113

Up and Running

OCTOBER 12, 2017

According to the SBA, roughly two-thirds of business with employees survive at least two years, and only about half make it to their fifth birthday, so it’s important to understand what it means to work on your business. For more on how to hold a monthly plan review meeting, see this article on the LivePlan blog.

Metrics 128

Metrics Software Review Forecast Small Business 128

Up and Running

MARCH 26, 2020

Apply for an SBA Disaster Assistance Loan: The SBA is making hundreds of billions of dollars available for low-interest small business loans. To learn more about the requirements and what you’ll need to apply, check out our guide to SBA Economic Injury Disaster Loans. You have options: Freeze hiring. Cut all salaries by 20%.

Management 152

Management Forecast SBA Burn Rate 152

Berkonomics

APRIL 16, 2020

Small businesses are the most vulnerable, even though most have furloughed employees. Apply to the SBA for an Emergency Loan or through your bank for the new “PPP” loan program. There is lots of literature published by the SBA, attorneys and accounting firms about both. Most of us are affected by this current crisis.

SBA 87

SBA Burn Rate Salary Stock 87