SMALL BUSINESS RESOURCES

Our aim is to make sure business owners are empowered with confidence, financial freedom, and flexibility. 

Our top resources to get you there... all right here.

We're in your corner.

COVID-19 

Up-to-date resources to help you navigate today's uncertain times.

SBA LOANS + DISASTER ASSISTANCE 
ECONOMIC RELIEF

NAVIGATING YOUR BIZ & FINANCIALS IN A CRISIS

DO THIS FIRST...
  • Minimize the impact if you're losing clients/revenue... offer payment extensions or plans, lower services offered so that payments fit within their budget, offer services you don't normally offer (and that are needed right now).

  • Work with your bookkeeper to build a cash flow forecast and determine your break-even point... doing this lets you see how long you can go with zero additional revenue and is critical to know at all times. 

  • Even if you don't think you'll need an emergency loan... have your latest tax and financial statements ready, just in case.

  • Reach out to credit card companies and other liability accounts holders... request flexibility on payment terms and lower interest rates.

  • Contact your business insurance policyholder... determine if you're covered for lost revenue due to business interruption.

HOW TO SET UP A BUDGET QUICKLY
  • List all income... consider monthly, quarterly, annual.

  • List ALL expenses... even if only an annual expense!

  • For expenses... divide into Fixed or Variable.

  • Subtract expenses from income

  • Compare the numbers... is too much going out? What's non-essential right now? Adjust expenses so that you have more coming IN and less going OUT.

  • Check out the free budget spreadsheet and resources at NerdWallet.

CASH FLOW
  • Cut non-essentials costs... look at subscriptions and apps on autopay. Truebill can help you find hidden recurring costs.

  • Explore loan options... SBA, banks and credit union business loans, etc.

  • Consider credit cards... look for 0% promo periods like AMEX Blue Business.

  • Check your business insurance... what can they do to help you?

  • Consider alternative revenue streams... is there something you don't usually offer that others need right now?

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