PLANNING AFTER SUBMITTING Make a plan for the amount requested. Focus on provability – 75% must be used for qualifying payroll costs and 25% or less can be used for business expenses like rent and utilities. RECEIVED PPP LOAN – DOCUMENT, DOCUMENT, DOCUMENT & FOLLOW THE RULES You may want… Read More »After Submitting PPP, Key Dates, Planning and Documentation is Key
Buyers want to see clear, well-organized financials, preferably compiled by a reputable firm. This demonstrates that you utilize your financials in running your successful business and optimizing operations. If your business has more than $10 million in revenue, invest in an audit at least three years prior to selling or… Read More »Organize Your Financials
Happy Easter to all. Today is a day to spend with family. We are doing a zoom call with our family to celebrate easter. From all of us at Delta Business Advisors we wish you a happy and safe Easter.
Every Arizona hospital, clinic, physician’s office, skilled nursing facility, and assisted living facility faces a shortage of medical supplies needed to protect and treat their workers and their patients and residents. The supplies exist – the shortage stems from a lack of money. ProtectAZ is purchasing those needed supplies, locally… Read More »Bringing Medical Supplies to AZ
An overview of programs…from tax extension to individual and business programs. A big thank you to Business Brokerage Press, for providing this Overview of the program – what it is, how long, who’s eligible, what’s available, terms, and how to apply.
In too many cases, business financials are so confusing that no one can understand them or analyze them. And it’s not uncommon that the tax returns don’t match up with the Profit and Loss Statements. These can become major problems when the business owner tries to obtain financing or sell… Read More »Tip #17 Financial Statements Others Can Understand!
Now is the time to come up with unique revenue streams. Please add and share what creative ways you are adding to your revenue stream. Restaurant/Caterer Create a Meal Plan with a Subscription Fee but keep it simple. Delivery or Pickup, whichever you currently provide. It can have a set… Read More »Potential Revenue Streams for this Unique Time
As part of SBA’s debt relief efforts, The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months. The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.… Read More »Buying A Business? NOW is the time.
April 8, 2020 “Borrowers and lenders may rely on the guidance provided in this document as SBA’s interpretation of the CARES Act and of the Paycheck Protection Program Interim Final Rule (“PPP Interim Final Rule”) (link). …” If applying for PPP, Tim Collins, Texas Capital Bank, states that your… Read More »Paycheck Protection Program Loans FAQS – as of April 7, 2020
April 8, 2020 The International Business Brokers Association (IBBA) hosted a webinar with Monty Walker on Monday titled “How Business Brokers Can Claim Personal Cash Benefits from the SBA.” Attendance was overwhelming. Although focused on and for Business Brokers, this information is the same for any Independent Contractor or Small… Read More »Do I Qualify? SBA Benefits 101 for Independent Contractors and Small Business Owners