Update April 21, 2020: Paycheck Protection Program Refunded Both the Economic Injury Disaster Loan and Paycheck Protection Program hit funding caps on Thursday, April 16. The Senate passed a $484 billion package on April 21 to inject additional funds into both programs. If you plan to apply for these new funds either through the PPP […]
Paycheck Protection Program Loans: New SBA Guidance Read More »
Update April 27, 2020: PPP Application Process Reopened Both the Economic Injury Disaster Loan and Paycheck Protection Program hit funding caps on Thursday, April 16. But a $484-billion funding package was passed on April 24 to inject additional funds into both programs. The SBA began accepting PPP loan applications again at 10:30 am on Monday,
Frequently Asked Questions about the Paycheck Protection Program Read More »
Update April 27, 2020: PPP Loan Applications Reopen Both the Economic Injury Disaster Loan and Paycheck Protection Program hit funding caps on Thursday, April 16, at which point they stopped processing applications. On April 24, a $484-billion funding package was passed to inject additional funds into both programs. Applications reopened for PPP loans on April
How to Apply for Vital SBA PPP & Economic Disaster Loans Read More »
Whenever a company sells securities, it has to worry about two things: Federal law, regulated by the Securities and Exchange Commission, and the law of the state where the investor resides (the primary residence or primary place of business for the investor). These state-regulated securities laws are called “blue sky” laws. Why Are They Called
What Are “Blue Sky” Laws and Why Do They Matter? Read More »
Welcome to another installment in our series of Referral Partner Profiles. This is the final profile of 2019, and I think it’s particularly pertinent to the current economic climate. Hunt Dawkins is Vice President-SBA Division Manager at Axiom Bank. He eloquently describes his job as “financing the hopes of dreams of business owners.” But because
Commercial Financing Insights from Hunt Dawkins Read More »
Early stage software publishers and SaaS/Cloud application providers are always on the prowl for additional revenue. With limited resources, though, it’s not possible to go after every market at once. White labeling a SaaS/Cloud application or licensing software can be a good way to access other markets with little additional investment by utilizing a strategic
8 Key Provisions for Your SaaS License Agreement Read More »
Companies are always looking for ways to grow. A great way to do this and to ensure that they retain the best and brightest talent is to bring an employee on as a partner (or co-owner) in the business. For employees, it’s an opportunity to move up in the company and take on a more
From Employee to Partner: Three Options to Finance Your New Partner Buy In Read More »
Founders have a laundry list of important decisions to make about their new business. Not to be overlooked is division of startup equity. How founders decide to divide the equity at the beginning of the startup will have long term consequences for the success of the venture. Often, founders lack an objective method to distribute
An Objective Approach to Dividing Startup Equity Read More »
Every business owner wants to increase their revenue and grow their business. Unfortunately, most of them assume there’s only one way to do this: Get more customers. It’s true that a larger number of customers might increase sales and revenue, but getting those customers usually means expensive advertising and marketing campaigns, which can have uncertain
Two Ways to Create Exponential Growth for Your Business Read More »
Imagine buying your newly-licensed, 16-year old daughter her first car. When you go to the dealer and pick out that car, there’s a decent chance that you will simply pay the full price right then and there and drive off in the “new” car. An all-cash deal; no muss, no fuss. Unlike with a used
Getting an SBA Loan to Buy, Build, or Grow Your Business Read More »