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What Should Your Next Steps Be When Applying for the PPP?

What Should Your Next Steps Be When Applying for the PPP?

This article was originally written on May 1 and portions have been updated on July 7, 2020, in accordance with the PPP Flexibility Act signed into law on June 5 by President Trump. Additionally, the PPP application extension period being moved to August 8, 2020, for...
What is Petty Cash and How to Manage and Record It

What is Petty Cash and How to Manage and Record It

What is petty cash in accounting? Petty cash, also referred to as a petty cash fund, is a small amount of funds that are kept available for companies to use for small purchases which come up from time to time in the course of business operations. That’s a long way of...
The 4 Financial Statements You Need to Grow Your Business

The 4 Financial Statements You Need to Grow Your Business

It’s not until you start filling in the terms and numbers of your business plan that it shifts from the conceptual to the actual. While your marketing strategy is an interesting read, it’s the figures on the bottom line that will help you get a business loan or...
5 Reasons Your Business is Rejected for a Loan

5 Reasons Your Business is Rejected for a Loan

Most companies are looking to grow and expand. But the process of taking out a business loan isn’t an easy journey down a well-paved road. More than one-third of all small businesses who apply for a loan are rejected. And most don’t understand why. Here are five...