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Two Details Your Lender Is Asking About, and You Should Too

The bank's Female African american Mortgage Officers shake hands with customers to congratulate them after signing a housing investment loan agreement.
There are a lot of words to describe the current economic environment, uncertain is one of them. And while many companies may not be seeking new financing in the near term, there are a number of reasons a business owner and its lender will be having conversations soon if not already – 1) a renewal of an existing loan 2) terms were modified as a result of COVID-19 impact 3) quarterly or annual covenant or other performance requirements.… Read More
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Practical Tips for Managing the PPP

Benjamin Franklin face on USD dollar banknote with red decreasing stock market graph chart for symbol of economic recession crisis concept.
The Payroll Protection Program (PPP) has provided a lifeline to assist businesses through the economic confines caused by the COVID-19 pandemic.  For many small businesses, confusion has been constant with respect to loan status, forgiveness and how to manage the loans once they are funded. … Read More
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5 Steps to Manage Cash Flow

Cash Flow Business Concept
One of the primary challenges we see in working with growing small and midsize businesses is managing cash. The simple reality is growth can burn cash, so a healthy P&L can accompany poor cash flow. Businesses don’t fail when they lose money, they fail when they literally cannot pay their bills – and even when utilizing outside capital such as equity partners and banks, without properly managing cash, long term viability in a growth mode can be very difficult.… Read More