Financial Planning for Small Businesses & Individuals

A $2 trillion stimulus package giving aid to small businesses impacted by the COVID-19 outbreak was signed into law. Wondering what this means for your business?  WE CAN HELP 
The federal government also launched the Paycheck Protection Program, a $350 billion fund for direct business loans as part of the $2 trillion Coronavirus Stimulus Package

What Should a Small Business Owner Do Right Now? 

 Have a plan. Just because your business may be eligible for a loan, does not mean that’s the best decision for your business. Weigh the pros and cons. If you know you can’t meet the requirements needed to get the loan forgiven, evaluate the risk of debt. Find the right loan for you, research it’s qualifications, and get your paperwork ready.

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Who is Eligible?  

Small businesses with fewer than 500 employees that would normally qualify for loans from the Small Business Administration (SBA). Plus, this loan program expands eligibility to 501 c3 nonprofits with fewer than 500 employees, certain veterans organizations, sole proprietors, the self-employed, and individual contractors (1099 workers). There is also expanded eligibility for small businesses in the hospitality and food industry with more than one location – these businesses can be eligible at the store and location level if the store employs less than 500 workers.

About Fin9cular

FIN9CULAR, a division of Development II Inc., helps business owners and executives to solve problems, grow and fix businesses using it’s proprietary holistic and total life approach. This unique methodology allows FIN9CULAR to empower its clients to focus on what’s within their control especially during uncertain times like this. Thus, FIN9CULAR’s solution prescriptions transcend environmental factors beyond the control of the business leaders and executives, yet influences their key business drivers such as their purpose, plan, people, process, product and profit regardless of the prevailing uncertainties.

FIN9CULAR is led by seasoned and global financial transformation team that has been involved in rebuilding efforts during the previous crises such as the 1998, 2000, 2001, and 2008 meltdowns. FIN9CULAR can help you to gain control of your cashflow, operating numbers, and how you communicate them to attract the needed support and resources at this time.