On one of our virtual Happy Hours, a business owner shared how her children remember the Great Recession. However, now they’re seeing economic upheaval again and are missing out on graduations, summer job opportunities, and even full-time employment. In good times and lean, money issues have always weighed heavily on… Read More »Is COVID-19 the Ultimate Cure for One-More-Year-itis?
Bloomberg data suggests banks are getting ready. Statista presents “top banks like Wells Fargo, Bank of America, Citigroup and JPMorgan Chase have continued to increase available provisions for loan losses for the second quarter of 2020 – continuing a trend from the first quarter of drastic increases in loan-loss provisions. JPMorgan… Read More »Banks Plan for Bad Quarter….
Bastille Day is the common name given in English-speaking countries to the national day of France, which is celebrated on 14 July each year. In French, it is formally called Fête nationale (pronounced [fɛt nasjɔnal]; “National Celebration”) and commonly and legally le 14 juillet (French pronunciation: [lə katɔʁz(ə) ʒɥijɛ]; “the 14th of July”).[3] The French National… Read More »Happy Bastille Day
Theodore Roosevelt Jr. (October 27, 1858 – January 6, 1919), often referred to as Teddy Roosevelt or his initials T. R., was an American statesman, politician, conservationist, naturalist, and writer who served as the 26th president of the United States from 1901 to 1909. He served as the 25th vice… Read More »Motivation Monday July 11th 2020
In May 2020, the AZ Manufacturing average hourly earnings was just over $30/hour compared to $27.54/hour for Construction and $17.65/hour for the Leisure and Hospitality Industry. For other industries average hourly earnings, click here: https://www.azeconomy.org/arizona-wages-and-earnings/ Learn more about Delta Business Advisors at: https://deltabusinessadvisors.com or contact us @ 480-686-8062 | Lisa@DeltaBusinessAdvisors.com | Schedule… Read More »Hourly Earnings by Industry – AZ
Business owners can operate their company as they wish, but when they are ready to sell, will it appeal to buyers? If the numbers don’t make sense or show profits, who would want to buy it? Business owners who want top dollar for their company must be able to reveal… Read More »Tip #19 Will the business numbers look good to anyone else?
2/3 of PPP Loans Were $50,000 or Less Although two thirds of PPP loans were for $50,000 or less, the total amount of dollars loaned in this smallest of increments was only approximately $57 billion – just over 11 percent of the total 521 billion paid out thru June 30.… Read More »Let’s keep focus on ppp
IRS Corporate Tax Audits Declined by 71% Corporate audits initiated by the IRS in April and May between 2019 and 2020 declined by 71 percent from 2,445 to 716. https://www.statista.com/chart/22151/new-irs-audits-fall/ Learn more about Delta Business Advisors at: https://deltabusinessadvisors.com or contact us @ 480-686-8062 | Lisa@DeltaBusinessAdvisors.com | Schedule a meeting with… Read More »New Tax Audits Plummet
SBA debt relief efforts are incentivizing buyers to move ahead with business acquisitions. Right now, “the SBA will pay six months of principal, interest, and any associated fees that borrowers owe for all current … as well as new 7(a), 504, and microloans disbursed prior to September 27, 2020.” This… Read More »SBA Debt Relief Incentivizes Buyers
In a nutshell, overall average loan size was $108k for loans approved through 6/27. The 13.6% of businesses receiving loans for more than $150k had their names released today – (https://home.treasury.gov/policy-issues/cares-act/assistance-for-small-businesses/sba-paycheck-protection-program-loan-level-data). https://www.sba.gov/sites/default/files/2020-06/PPP_Report_Public_200627%20FInal-508.pdf Learn more about Delta Business Advisors at: https://deltabusinessadvisors.com or contact us @ 480-686-8062 | Lisa@DeltaBusinessAdvisors.com | Schedule a… Read More »PPP Overview