These are tough times for many businesses still reeling from the economic upheaval brought on by Covid-19. While the future of the pandemic may be uncertain, one thing is for sure: the time is now for insightful data analytics and smart decision making. But to get there, you need to harness the power of business intelligence to turn your company’s data into insights that help you thrive.
PPP Loans Get More Flexible for Small Businesses
Pending signature from President Trump, H.R. 7010, the Paycheck Protection Program Flexibility Act of 2020, has passed the House and Senate. Under this bill, businesses have more time to spend their Paycheck Protection Program (PPP) loans on qualifying expenditures.
Though it seems nothing is predictable right now, developing a cash flow forecast can help you predict the funds you’ll have available to pay your bills and your employees in the weeks and months to come. One of the tools we help clients develop is a 13-week cash flow projection, which can forecast shortfalls, contribute to financial stability and give you the peace of mind of controlling this critical piece of your financial health. In this article, CSH discusses why cash is still king, and what you can do to keep yours flowing.
LANSING, Mich – Michigan’s small business owners are in a bind. They appreciate the original intent and need for the state-mandated Stay Home, Stay Safe orders that were put in place to stop the spread of COVID-19 in Michigan, but they feel trapped by the uncertainty of what may come next. Respondents to the latest MFBI are clearly concerned about COVID-19 and the toll it has taken on Michiganders, but they feel certain that they will have plans in place and a responsibility to keep their customers and employees safe when they reopen.
Treasury Issues PPP Loan Forgiveness Application
Recently, the US Treasury issued the forgiveness application for Paycheck Protection Program (PPP) loans, along with a lot more guidance. CSH’s Kevin Dehner, Phil Hurak and Tony Schweier go over the new information, plus what questions remain unanswered.
