Paycheck Protection Program Loans are 100% federally guaranteed loans provided by Small business Administration under the Coronavirus Aid, Relief, and Economic Security Act (CARES). This program provides potentially-forgivable loans to small businesses to maintain their payroll and other operational expenses during the COVID-19 pandemic. If you’re unfamiliar with the PPP Read more…
There is no denying the fact that millions of small business owners all over the USA are struggling due to the COVID-19 outbreak. As thousands of stores, restaurants, salons, theatres and other businesses have closed their doors to customers, many startups and SMEs have seen a dramatic drop in Read more…
Decreased sales, lost clients, closed companies, declined consumer confidence, this unprecedented time has threatened businesses throughout the world, but small businesses can be particularly vulnerable. Coronavirus pandemic has moved from a health crisis to an economic crisis and many small businesses have altered their operations drastically. Apart from small business financing or Read more…
Congratulations! You have just accomplished the dream of becoming your own boss. You’ve been busy gathering information, building strategies, and securing funds, and now you want to expand your company and take it to the new height of success. A new business means following your passion, helping people & the Read more…
Small and medium-sized enterprises (SMEs) are always on the lookout for ways to maximize profits. The cost of goods sold (COGS) is a great place to start, as this figure includes a key expense: the cost of labor. If you’re manufacturing your products, in addition to selling them, your COGS impacts your Read more…
They’re not media darlings or mythical unicorns, they’re the hard-working people giving everything they’ve got to make their businesses a success. In fact, 99% of all the businesses in the world are small businesses. In spite of their diligent efforts, 60% of small to medium-sized enterprises (SMEs) that fail point to cash flow. There’s also Read more…
Invoices are something you issue to your customers after conducting business. An invoice is a clear indication of the services you have rendered or a product you’ve supplied along with all the associated costs. Invoices are part of doing business and they keep both parties accountable for their commitments. Having Read more…
Whether or not you realize it, there’s a high likelihood that you know what a term loan is. Or at least understand the concept. (We’ve talked about them before here at Forwardly) Term loans are the most traditional type of business financing available, where you work with a lump sum of capital Read more…
You’re at the warehouse store. In your cart that’s roughly the size of a compact car, you’ve got a printer, a few boxes of paper, some ink and a year’s supply of pens for your business. But, for home, there’s also cereal, milk, a closet organizer and a brand-name sweater Read more…
Few business metrics are as important — or insightful — as cash flow. It tells you if you’re bringing in more than you’re spending and how efficiently you’re operating. If you look closer there’s even more to see, such as how well you’re poised for future growth. Especially if you Read more…