The economic effects of COVID-19 have left businesses facing difficult choices as they adjust their goals, operations, and workforces to confront cash flow and other operational issues.
Navigating recovery options can be daunting, so it’s crucial to collaborate with an engaged advisor versed in expansive accounting and consulting services to help address your organization’s needs—whether you’re working through loan applications, assessing state and local taxes, reviewing insurance options, or other challenges.
Together, we can map out a strategic financial plan for your business that helps you explore opportunities to mitigate risk and position your business for recovery and future growth.
Below are some of the ways we can help your business stay agile and resilient as you plan for what’s next.
Explore loan options available through the Coronavirus Aid, Relief, and Economic Security (CARES) Act and confidently confront the complexities of loan forgiveness and repayment.
- Paycheck Protection Program (PPP). Meet the significant accounting and documentation needs required by lenders when requesting forgiveness if you’ve secured a PPP loan.
- Main Street Lending Program (MSLP). Businesses with up to 15,000 employees or $5 billion in 2019 annual revenue are eligible to receive loans from $250,000 to $300 million.
- Economic Injury Disaster Loan Program (EIDL). Loans are provided directly to small businesses by the Small Business Administration (SBA) and can reach up to $2 million over 30 years.
Cash Flow Strategies
Explore opportunities for accessing funds through a variety of incentives and other opportunities.
Assess your current business operations and make strategic adjustments to help keep your business moving forward.
Business Interruption Claims
Determine if your insurance will cover any impacts to your business and move through the claims process confidently.
Business owners should also consider how decisions related to their company might impact their own long-term plans.