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…
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…
Cash flow is a make-or-break factor for small to medium-sized enterprises (SMEs). Whether you’re a manufacturer or a service-based business, you pay your expenses and fund your business through money that comes from your operating cash flow. Managing cash flow is crucial to ensuring that you have enough money to Read more…
The dictionary definition of information is: “The communication or reception of knowledge or intelligence.” The information we take in every day helps us make sense of the world. The same is true of your business financial information. The challenging is gathering the right data and applying it in the most constructive ways. While Read more…
As a freelancer/business owner, you will obviously want to ensure that your life is made as easy as it can possibly be. If you offer products/services online via e-commerce, you won’t need any explanations on just how complex and time-consuming it can be to get everything in order. Every day Read more…