Berkonomics

APRIL 16, 2020

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.

SBA 87

SBA Burn Rate Salary Stock 87

Up and Running

AUGUST 29, 2014

CPA’s also can represent clients in case of an Internal Revenue Service (IRS) audit. In Oregon, The Government Contract Assistance Program (GCAP) has assisted thousands of businesses to reach their government contracting goals through education, marketing assistance and in-depth procurement advising since 1986.

Small Business 87

Small Business CPA Government North America 87

Up and Running

SEPTEMBER 19, 2014

You can take a look at this article for details on the SBA Loan program. The SBA offers a convenient area on their website to conduct research about which may be right for you. OnDeck awards loans based off of the annual revenue of your business. Entrepreneur reports how this program was expanded just earlier this year.

Small Business 164

Small Business SBA United Kingdom United States 164

Up and Running

MAY 4, 2016

total revenues reached 27 billion U.S. Only 18 percent of total revenue in 2016 was from the top four largest players in the fitness industry, while small speciality gyms and independently-owned fitness businesses made up the rest. Usually associated with a doctor’s office or hospital that makes program recommendations.

Small Business Administration 60

Small Business Administration Finance Tennessee Business Plan 60

Up and Running

APRIL 6, 2020

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. First, take a look at the SBA Economic Injury Disaster Loans (EIDL). Learn how to apply for an SBA Disaster Loan.

Burn Rate 100

Burn Rate Forecast SBA Cash Position 100

VC Adventure

MAY 6, 2020

Relief money authorized by congress under various programs of the CARES Act and other initiatives is failing to reach many women and minority owned businesses and is highlighting structural issues with the way we support entrepreneurs in the United States. Which is why I’d like to highlight for you a great program called EforAll.

United States 78

United States Colorado Massachusetts SBA 78

Up and Running

JUNE 30, 2020

As the Paycheck Protection Program winds down and is expected to stop offering forgivable loans to small businesses by the end of June, it will be more important than ever for small business owners to understand their options to meet their financial needs over the coming months. Can you repay a loan? Will you repay a loan?

Finance 136

Finance Forecast SBA Small Business 136

Up and Running

FEBRUARY 21, 2014

Some expenses can be structured so they fit the revenue available for the season. Any inventory at the end of the season should be marked down and sold at a discount to increase off-season revenue and reduce carrying costs. Check with your banker about programs available. Management of inventory is another critical tool.

Oregon 104

Oregon Small Business Administration SBA Forecast 104

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

Up and Running

MARCH 27, 2017

Some expenses can be structured so they fit the revenue available for the season. Any inventory at the end of the season should be marked down and sold at a discount to increase off-season revenue and reduce carrying costs. Check with your banker about programs available. Management of inventory is critical.

Forecast 60

Forecast Small Business Administration SBA Curation 60

The Startup Magazine

AUGUST 24, 2017

As you create financial plans, consider your revenue goals; this crucial step will help you select optimal office placement, help you target a certain client demographic, and determine the specialty services you need to offer. While costs depend on your location and size, the average accounting firm needs at least $50,000 to get started.

Caching 62

Caching SBA Finance Angel Investor 62

ithacaVC

AUGUST 10, 2011

Perhaps the company has a bit of revenue, but certainly it is not profitable. SBA programs (there are a bunch of them – the general theme is that the SBA partners with the originating bank and guarantees a large % of the loan on the bank’s books) require personal guarantees from major stockholders.

Founder 69

Founder SBA Silicon Valley Vesting 69

Up and Running

APRIL 29, 2015

If you think you may still qualify, take a look at some of the loan options offered by the SBA. The SBA has a microloan program, and there are several alternative lending options such as Prosper and Zopa. Revenue-based loan. Microloan. Because of this, the credit requirements for these loans are also lower.

SBA 60

SBA Finance Security Naming 60

Up and Running

MAY 3, 2017

Fortunately, thanks to nonpartisan organizations like Women Impacting Public Policy and the ChallengeHER program launched by the Small Business Administration (SBA), it’s becoming easier for women to claim a portion of government contract money. The Minority Business Development Agency is also a good resource.

Entrepreneur 110

Entrepreneur Venture Capital Government Small Business Administration 110

Up and Running

JULY 24, 2015

Small Business Administration Loan Programs. The SBA has several loan programs for startups. SBA Business Laws. It’s offered by Wharton, which has one of the highest ranking marketing programs in the states. See Also How to Do Your Own PR If You Can’t Afford to Hire an Agency. Oh, and it’s free.

Entrepreneur 60

Entrepreneur Small Business Administration SBA Pennsylvania 60

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

Startup Professionals Musings

JUNE 23, 2023

The failure rate is just too high, and startups typically don’t have the assets or revenue stream to back up the loan. Most loan programs, and most investors, want to see that you have “skin in the game’ before helping you. Demonstrate an ability to repay from revenues, not collateral. Show a significant personal investment.

Silicon Valley 292

Silicon Valley CPA Small Business Administration Startup 292

Up and Running

FEBRUARY 17, 2016

Backed by a team of private local investors, ColdFire gained access to additional capital through an SBA loan. Will you only brew ales, or will you also make space for lagers, a barrel-aging program, and so on? Some bankers have a great deal of interest, knowledge, and depth, and can be a champion for a startup brewery via an SBA loan.

Oregon 60

Oregon Jordan SBA Cofounder 60

Startup Professionals Musings

SEPTEMBER 27, 2020

The failure rate is just too high, and startups typically don’t have the assets or revenue stream to back up the loan. Most loan programs, and most investors, want to see that you have “skin in the game’ before helping you. Demonstrate an ability to repay from revenues, not collateral. Show a significant personal investment.

Silicon Valley 431

Silicon Valley CPA Small Business Administration SBA 431

Women Entrepreneurs Can

MARCH 5, 2024

Exploring Delaware’s Debt Relief Programs The debt relief programs in Delaware offers several state and federal debt relief assistance programs which entrepreneurs can research if facing hardship, including: Debt Restructuring The Delaware Economic Development Authority provides distressed business loans and debt restructuring assistance.

Delaware 40

Delaware SBA Finance Programming 40

Up and Running

DECEMBER 16, 2020

We witnessed this in April and May of this year as many small businesses were turned away from needed Paycheck Protection Program (PPP) funds offered by the SBA because they couldn’t meet the standard of “acceptable credit” required by the SBA and their lenders. Can you repay a loan? Will you repay a loan?

Small Business 123

Small Business SBA United States Early Stage 123

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. It does the right thing by, among other things, extending credit to banks involved in the PPP program. They sound good.

Small Business 110

Small Business SBA United States America 110

Up and Running

MAY 28, 2015

There’s a lot of questions about what do you actually need in terms of information, if you’re going to do your forecasting, and how does one put together a revenue forecast if you’ve never started a business or your business is brand new. It is a very difficult proposition. You’re a startup, you need funding.

Lean 60

Lean Business Plan Video Software Review 60

Up and Running

MAY 15, 2019

Backed by a team of private local investors , ColdFire gained access to additional capital through an SBA loan. Will you only brew ales, or will you also make space for lagers, a barrel-aging program, and so on? Within any model, there are things breweries can focus on to stand out and increase revenue.

Oregon 24

Oregon Jordan Software Review Distribution 24

Startup Professionals Musings

DECEMBER 1, 2018

The failure rate is just too high, and startups typically don’t have the assets or revenue stream to back up the loan. Most loan programs, and most investors, want to see that you have “skin in the game’ before helping you. Demonstrate an ability to repay from revenues, not collateral. Show a significant personal investment.

Silicon Valley 210

Silicon Valley CPA Small Business Administration SBA 210

YoungUpstarts

OCTOBER 31, 2019

percent of the total revenue of a company. For businesses that earn less than $5 million annually in sales, the US Small Business Administration (SBA) recommends allocating six to seven percent of the revenue. One of the priority investment areas for businesses relates to marketing.

Marketing 113

Marketing Small Business Administration SBA Social Media 113

Startup Professionals Musings

MAY 11, 2013

The failure rate is just too high, and startups typically don’t have the assets or revenue stream to back up the loan. Most loan programs, and most investors, want to see that you have “skin in the game’ before helping you. Demonstrate an ability to repay from revenues, not collateral. Show a significant personal investment.

Entrepreneur 252

Entrepreneur Angel Investor Silicon Valley CPA 252

Startup Professionals Musings

OCTOBER 31, 2016

The failure rate is just too high, and startups typically don’t have the assets or revenue stream to back up the loan. Most loan programs, and most investors, want to see that you have “skin in the game’ before helping you. Demonstrate an ability to repay from revenues, not collateral. Show a significant personal investment.

Security 120

Security Angel Investor Silicon Valley CPA 120

Startup Professionals Musings

APRIL 13, 2012

The failure rate is just too high, and startups typically don’t have the assets or revenue stream to back up the loan. Most loan programs, and most investors, want to see that you have “skin in the game’ before helping you. Demonstrate an ability to repay from revenues, not collateral. Show a significant personal investment.

Angel Investor 234

Angel Investor CPA Small Business Administration Startup 234

YoungUpstarts

AUGUST 24, 2020

Failure to Access Small Business Administration (SBA) Programs. The majority of businesses owners do not full advantage of the programs the government is offering. On June 15, the SBA resumed accepting new Economic Injury Disaster Loan (EIDL) applications from all eligible small businesses.

Small Business 191

Small Business Technical Review Southern California SBA 191

Startup Professionals Musings

OCTOBER 15, 2010

The failure rate is just too high, and startups typically don’t have the assets or revenue stream to back up the loan. Most loan programs, and most investors, want to see that you have “skin in the game’ before helping you. Demonstrate an ability to repay from revenues, not collateral. Show a significant personal investment.

Angel Investor 242

Angel Investor Startup CPA Small Business Administration 242

VC Adventure

APRIL 19, 2020

Overall, despite the size and scale of the existing aid packages, I think more needs to be done to help prop up the economy and especially to target some of the businesses that need and deserve help but are being left behind by the current programs. PPP Program. – Expand the program beyond the current $349Bn, of course.

SBIR 105

SBIR SBA Distribution Programming 105

Up and Running

DECEMBER 9, 2014

Two, revenue. There are SBA loans. Many business owners today really think of financials as being about the past, how much revenue have we had, how much cost did we have. If you can model those two values, compare them and make sure your revenue is higher than the cost obviously that multiple is what’s really important.

Small Business 95

Small Business Finance Forecast Metrics 95

VC Adventure

SEPTEMBER 14, 2020

Communities are leading where the Trump administration is failing and as election-year politics freeze Congress into inaction on renewing and simplifying the aid programs passed last spring. This after six months of a pandemic assault that has devastated businesses and dragged revenue down by as much as 70% to 80% across this community.

Government 150

Government Community Colorado Ohio 150