Paycheck Protection Program round two: Many businesses seek additional funding
As the next round of the Paycheck Protection Program begins, business owners all over the country have tough decisions to make. Recently, the CFO Strategic Partners team released a survey covering business leader’s thoughts and planned actions for PPP round two. Our top takeaway from participants was that if a business qualifies, it will go […]
read more2020 bonuses and benefits: where do businesses stand?
CFO Strategic Partners recently asked CEOs about their plans related to year-end pay raises, bonuses, holiday party and their outlook for the future. The results appeared to represent companies that, despite the challenges of this year economically, want to reward their employees but, for many, they plan to do so at levels less than the […]
read moreFive things you need to know about the PPP loan forgiveness application
Nothing about the Paycheck Protection Loan program has been clear or easy to understand and the loan forgiveness application process is no exception. Our team at CFO Strategic Partners has been working intimately with close to 100 clients over the past several months to navigate the challenging dynamics of the Paycheck Protection Program (PPP). We […]
read more2020: Q4 Planning
Early in 2020, with the optimism of a new year, it was easy to dream big and establish goals for the future. But pretty quickly, you faced a global pandemic, economic unrest and launched into crisis management mode as everything changed. Now, that you’re staring down the 4th quarter it’s time to focus on what […]
read moreTHE PPP AND LATEST FORGIVENESS GUIDANCE
The Paycheck Protection Program (PPP) has provided many small and mid-sized companies with much needed funding to sustain their operations during the current pandemic. In fact, more than 77% of small businesses have applied for PPP loans since the application process opened on April 3, 2020. Since that opening date, more than $530 billion in PPP […]
read moreHOW IS YOUR BUSINESS COPING THROUGH THIS PANDEMIC? SURVEY RESULTS
CFO Strategic Partners recently conducted a brief survey to gather feedback about how CEOs are coping with some of the varying and dynamic operating challenges of this current pandemic. The questions asked were derived from the topics that respondents of previous surveys told us they wanted to hear more about how others are handling. Thank […]
read moreCOVID-19 — WHERE DO YOU STAND NOW? SURVEY RESULTS
CFO Strategic Partners conducted a brief survey earlier this week to determine how local CEOs and business leaders are responding to the current challenges of re-opening their businesses and the related employee and economic impact. We received a significant number of responses and greatly appreciate the time of those who participated. Here are how the […]
read moreMore PPP funding coming—but what comes next?
Small businesses across the country have eagerly sought financial relief through the Paycheck Protection Program (PPP) passed by Congress under the CARES Act. Our team of experienced outsourced CFOs worked diligently to gather, decipher and execute the steps necessary to ensure each of our clients was able to apply in a timely manner. According to […]
read moreSurvey results: How CEOs are navigating the PPP
Over the course of the last few weeks, CFO Strategic Partners has been helping more than 100 clients work their way through the Paycheck Protection Program (PPP)—and we’ve seen firsthand the program’s frustrations and limitations. Business are still waiting for answers, and the fund is nearly depleted. The $350 billion allocated for the program is […]
read moreCOVID-19 Funding through a PPP loan—Anything but simple
Our team at CFO Strategic Partners has been working intimately with close to 100 clients the past two weeks to navigate the challenging dynamics of the Paycheck Protection Program (PPP). Our CFO consultants have helped clients in many different industries and have been interacting with many different lending institutions. Most clients were initially hopeful that […]
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