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small business Tag

26 Mar

Posted at 12:56h in Business by
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Just in from the Nantucket Chamber of Commerce: In response to the COVID-19 National Emergency, the SBA Express Bridge Loan (EBL) Pilot Program has been modified and the term extended. The EBL Pilot Program is designed to supplement the Agency’s direct disaster loan capabilities and authorizes SBA Express Lenders to provide expedited SBA-guaranteed bridge loan financing on an emergency basis in amounts up to $25,000 for disaster-related purposes to small businesses located in communities affected by Presidentially-declared disasters while those small businesses apply for and await long-term financing (including through SBA’s direct Economic Injury Disaster Loan Program, if eligible).

03 Mar

Posted at 15:10h in Bookkeeping Accounting, Fogged In Bookkeeping by
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Bookkeepers As Partners, Not Opponents

We, bookkeepers and accountants, may get a bad rap.  We are often characterized as rigid beancounters who suck the fun out of entrepreneurship.  Bookkeepers must straddle the worlds of inflexible compliance and chaotic entrepreneurial spirit. The "advisor" variety of bookkeeper has the job of nurturing the entrepreneur's idea, and coincidentally the spirit of entrepreneurship itself.  Bookkeepers must do this while also guiding along a perilous journey. Lack of cash flow, payroll rules and fines, audits, and lawsuits lurk in the margins waiting to bring down even your best ideas.