CFO Logistics
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Recovering What You May Not Know Is Lost At the end of the day, recovering those losses can change people and companies powerfully, sometimes immeasurably.
CFO Logistics was birthed from the recognition that most of the losses companies and people experience occur gradually without much notice. Changes in small metrics like payroll and in larger intangibles like relationships all create opportunities for recovering losses.
04/10/2020
PPP Program Critical News:
Payback period 2 years ;
Begins after 6 month deferral (from beginning of the loan)
Borrowing biz will most likely be responsible for interest pmt on forgiven principle;
8 weeks to spend the money from date of disbursement;
Apply for loan forgiveness until end of six month deferral;
Spend 75% of loan on payroll;
25% on rent. Utilities, mortgage interest;
Many banks DO NOT understand the law's requirement that you get your forgiveness documentation CERTIFIED BY AN INDEPENDENT THIRD PARTY. Failure to do so jeopardizes your forgiveness application;
ACCOUNTING FOR EXPENDITURES IS CRITICAL.
CALL FOR FREE CONSULTATION
918 269 6457
04/08/2020
The interest rate on paycheck Protection Program loans is 1%, amended Monday. The real issue here, for every dollar that is not forgiven is not the interest rate that you'll pay on the remaining money, but how much of it you will have to account for to the SBA. Call us to discuss. 918-269-6457
04/07/2020
Learn how to spend the COVID-19 funds wisely. The government wants this stimulus money to make a difference.
CFO can help you make the most of this unique source of business capital and OBTAIN AS MUCH LOAN FORGIVENESS AS POSSIBLE.
You can seek relief through this difficult period with two disaster support loans:
Economic Injury Disaster Loan (EIDL)
Paycheck Protection Program Loan
You can apply for reply for either. You just can't spend the EIDL money on the same things as the PPP loan.
Learn more about both loans.
We'll send you a link to the requirements of the EIDL. If you are a client of ours we will walk you through the entire EIDL loan as a professional courtesy.
We have an SBA lender approved program to get your PPP loan approved quickly, and the same lender has authorized us to certify your application for forgiveness of some of the PPP loan amount.
Call us at: 918-269-6457
SBA considering 1/2 percent interest rate: Call: 918-269-6457
Be clear about your goals with PPP. Loan Forgiveness is possible, but requires some work and preparation.
Buying your debt w/money you Create doesn't make sense.
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