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30 Apr

Posted at 13:55h in News
There can be no way around it, Inc. contributor Brian Hamilton’s April 2020 COVID-19 centered article, “6 Actions to Take in the Next 90 Days to Save Your Business,” isn’t pulling any punches. Hamilton, Founder of the Brian Hamilton Foundation, believes that the next 90-days could be make or break days for business owners looking to navigate the choppy waters of the COVID-19 pandemic. His latest Inc. article provides readers with 6 actions they should...

29 Apr

Posted at 08:46h in Blog, Buyer Articles, Seller Articles
There can be no way around it, Inc. contributor Brian Hamilton’s April 2020 COVID-19 centered article, “6 Actions to Take in the Next 90 Days to Save Your Business,” isn’t pulling any punches.  Hamilton, Founder of the Brian Hamilton Foundation, believes that the next 90-days could be make or break days for business owners looking to navigate the choppy waters of the COVID-19 pandemic.  His latest Inc. article provides readers with 6 actions they should...

24 Apr

Posted at 18:33h in News, Uncategorized
President Trump signed the legislation today to replenish business relief programs and support hospitals and COVID-19 testing. The package totals $484 billion and includes: An additional $310 billion in funding for the Paycheck Protection Program (PPP), with $60 billion reserved for small banks and lending institutions $75 billion for hospitals $25 billion to support testing efforts $60 billion for emergency disaster loans and grants (EIDLs) In a recent virtual town hall hosted by Inc., U.S....

21 Apr

Posted at 13:09h in News
Congress and the White House have reached an agreement for the second round of funding for business relief programs. Details are forthcoming. It’s expected that the package will total $450 billion and include: $300 billion for the Small Business Administration’s popular Paycheck Protection Program (PPP) $50 billion for the Economic Injury Disaster Loan (EIDL) program $25 billion for testing $75 billion for hospitals Notably, $125 billion of the PPP money will be set reserved for...

14 Apr

Posted at 15:37h in News, Uncategorized
The Paycheck Protection Program is now open to 1099 workers and independent contractors, of whom there are over 23 million in the U.S.. There has been a lot of confusion around how independent contractors interact with this program, and not a lot of guidance from the SBA or Treasury. In a virtual town hall hosted by Inc., a panel of experts shed some helpful light on this murky area. Panel: Kimberly Weisul, Inc. editor-at-large (Moderator)...

13 Apr

Posted at 15:31h in News, Uncategorized
It’s fair to say that the Paycheck Protection Program’s launch hasn’t been perfectly smooth. The adjustment period as lenders familiarize themselves with unprecedented terms and the enormous volume of demand created a significant bottleneck. As some experts have warned, banks are prioritizing applicants with whom they have existing relationships. The systems to process all of this didn’t immediately exist. After weeks of lobbying, FinTech (technology that supports banking and financial services) companies, including PayPal, Intuit,...

09 Apr

Posted at 12:01h in News
In a moment of totally disrupted customer experience, marketing efforts risk coming across as not only irrelevant but downright crass. How can businesses continue to communicate with customers and share value? Focusing on mission statement and values in order to re-enforce marketing strategies is more important than ever. Information is Crucial Each customer purveying your business’s website needs to understand your hours of operation, any limitations to service and what is being done to ensure...

07 Apr

Posted at 13:45h in News, Uncategorized
There has been a lot of confusion around how independent contractors engage with the Paycheck Protection Program.  See, for example, this letter to Treasury Secretary Mnuchin y Forbes Senior Contributor Tony Nitti delineating some vexing points. To clarify, independent  contractors are not included in an employer’s PPP loan amount. “As an employer and borrower, what you pay independent contractors and 1099s does not count toward your payroll cost in calculating how much you can borrow...