YoungUpstarts
MAY 7, 2020
The Small Business Paycheck Protection Program provides small businesses with funds to pay up to eight weeks of payroll costs including benefits. But I would also recommend working with your Small Business Administration (SBA) lender, if you have one, to ensure that you have the right information needed to apply.
Up and Running
AUGUST 29, 2014
A major cause of business failure is not having enough cash available to cover all startup costs and operate for at least a year. Do I need to hire a Certified Public Accountant (CPA) for my small business? As a licensed professional, a CPA has to adhere to a code of professional ethics.
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Up and Running
APRIL 2, 2015
One exception to the rule is that the federal Small Business Administration (SBA) has programs that guarantee some portion of startup costs for new businesses so banks can lend them money with the government, reducing the banks’ risk. See Also The Complete Guide to SBA Loans. CPAs get sued over bad audits. Collateral.
Up and Running
APRIL 18, 2012
I posted 5 Things Every Manager Should Know About Financial Forecasts recently on the Industry Word blog on the SBA (Small Business Administration) community site. 2. Forecasts don’t take an MBA, CPA, or PhD. I received an email overnight that reminds me that people still need a lot of reassurance about financials.
Up and Running
MAY 1, 2018
Through his class, I learned what to expect as far as occupancy, cost of goods, insurance, taxes, real estate needs, and more. I got an SBA loan and purchased my business within months of beginning my search. Have a bookkeeper and a CPA. Learn from your mistakes and successes. The first year of my business was a loss.
Startup Professionals Musings
JUNE 23, 2023
Pay particular attention to the financials, and have a CPA friend review for reasonableness before presenting. 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.
Startup Professionals Musings
SEPTEMBER 27, 2020
Pay particular attention to the financials, and have a CPA friend review for reasonableness before presenting. 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.
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