May 20, 2020 46% of small businesses expect to have modest or dramatic growth in the next 5 years compared to the 61% in 2015 who expected growth from 2015-2020. Interestingly, 11% this year plan to grow dramatically in the next 5 years, the largest percentage since 2012. This Live… Read More »Small Business Growth Expectations 2012-2020 Trend
Now that PPP has been applied for and/or received, what’s next? This 30 minute or less webinar focuses on how to ensure loans are forgiven with the most up to date information as of 5/21/2020. Webinar has ended. Thank you for attending. We’ll be back in 2 weeks. … Read More »Business Bite Webinar: Received PPP. Now What?
May 17, 2020 In looking at business optimism, we see that both small business and middle-market expect their company’s overall financial condition to deteriorate during the next 12 months. This the lowest level of optimistic expectations since 2009. This Live Oak Business Pulse report contains data from surveys conducted April 1-19,… Read More »Company Financial Optimism Reduced Significantly
May 18, 2020 This week, we focus on both small business and middle-market expectations of the future. Almost 3/4 of middle-market and just over 3/4 of small businesses reported a negative impact on sales. The average expected sales decreases was a -34% for small business and a -23% for middle… Read More »Decreased Average Sales Expectations by End of 2020
On Friday, May 15, 2020, SBA released instructions on how PPP recipients APPLY for the loan forgiveness. This includes the calculation form on page 3. If you have questions, be sure talk with your accountant, sooner rather than later.
Small business is typically defined as a business with fewer than 500 employees. The PPP was created to help small businesses pay their employees for an 8-week period in April, May, or June. Many small businesses were not able to keep employees as there either wasn’t enough revenue to cover… Read More »Small Business Employees: Where are They Located?
Learn more about Delta Business Advisors at DeltaBusinessAdvisors.com or contact us at 480-686-8062 / Lisa@DeltaBusinessAdvisors.com if you are interested in selling your Company. Schedule a time now to discuss your exit strategy https://calendly.com/lisariley. Looking forward to talking with you.
Just over ½ of US’s non-government workers are employed by Small Businesses and just over 1/3 have fewer than 100 employees! Source:www.nytimes.com/interactive/2020/05/07/business/small-business-loans-coronavirus.html
When selling a business, an earnout or foregivable promissory note is a Buyer’s commitment to pay the Seller a certain amount of money tied to future performance after a sale. It bridges a valuation gap between what the Seller wants out of the business or future contracts are expected but… Read More »WIN-WIN: Earnouts / Forgiveable Promissory Notes
Round 1: Midwestern Businesses Round 2: Western Businesses Perhaps one of the early flaws of the program was that funding went to areas that were not as hard hit with COVID-19, in addition to the larger companies that we’ve heard about. https://www.nytimes.com/interactive/2020/05/07/business/small-business-loans-coronavirus.html