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What Small Businesses Can Do To Survive And Thrive During The Pandemic

YoungUpstarts

On their website, you can learn more about the Paycheck Protection Program or PPP, the EIDL Loan Advance, the SBA Express Bridge Loans, and the SBA Debt Relief. The Express Bridge Loan enables small businesses that have a business relationship with an SBA Express Lender to get up to $25,000.

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How to Make Sense of the PPP Loan Program for VC-Backed Startups

Both Sides of the Table

Along with my partner Stuart Lander, who runs operations at Upfront and is a former lawyer, we have scoured through, debated and helped scores of companies make this determination. Who is this program for and why does it exist? The goal of the program is in the name?—?payroll Below lists how the loan program is calculated.

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Three questions to answer about your COVID response

Berkonomics

Rent and other fixed costs continue, even when revenues have dried up – a fatal combination. 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. So, here are three urgent questions for you.

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The Latest Questions Small Businesses Are Asking

Up and Running

A venture feasibility study analyzes an idea from several perspectives: market opportunity, competition, resources available, resource gaps, financial viability, operational issues, intellectual property rights, development timeline and technology needs. CPA’s also can represent clients in case of an Internal Revenue Service (IRS) audit.

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35 Ways to Fund Your Small Business

Up and Running

You can take a look at this article for details on the SBA Loan program. If you only need a small amount of money, particularly if you are a minority-owned business operating in a developing nation, working with one of Kiva’s field partners could be a good route. Options Outside the U.S. Bank loans. Nonprofit microloans.

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The Importance of Burn Rate and Cash Runway

Up and Running

You need cash in the bank to operate, to pay employees, and to keep the doors open. Here are a few tips to consider: Grow your revenue: This is probably the most obvious and perhaps least likely option, but maybe you can pivot your business, discover a new business model and figure this out. Learn how to apply for an SBA Disaster Loan.

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How to Balance Cash Flow in a Seasonal Business

Up and Running

Seasonal businesses are very common, especially in locales where travel and tourism are important industries, where weather has an impact on outdoor business operations, and where retail sales slow during the winter months. Some expenses can be structured so they fit the revenue available for the season.

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