PPP LOAN FORGIVENESS PROCESS – PART 3 How to Complete the SBA 3508 Loan Forgiveness Application – The final Piece

Loan Forgiveness Part 3

By Steve Whitehill, Anchor Business Brokers To this point we have covered how to determine the “Cash” compensation portion of payroll for the Schedule A worksheet of the loan Forgiveness application (SBA Form 3508). The next topic is the Non-Cash Compensation & Compensation to Owner. Non-Cash Compensation First, we will be […]

2019 Small Business Market: Uncertainty Creates Opportunity and Risk – Part 2

Presentation - we show you the numbers

This is Part 2 of the Small Business (Sales) Market Place 2019 Top Performing Markets by Sales Among cities with at least 50 transactions, Richmond, VA saw the biggest increase in activity, with 53 percent more businesses changing hands. Other cities that experienced a notable increase in 2019 transactions include Baltimore […]

Small Business Sales Slow Slightly as Tariffs, 2020 Election Foster Uncertainty

Selling a Business

From: BizBuySell A total of 2,454 small businesses were reported sold in the third quarter of 2019, an 8.6% decline compared to the same period last year according to the BizBuySell Insight Report, a nationally recognized economic indicator that aggregates statistics from business-for-sale transactions reported by participating business brokers nationwide. This […]

Show me the money!! 6 Ways to Finance Your Business.

Fancaning is Knowing where to and who to ask for the money

Here’s a quick review of the most popular ways businesses get financed: Savings The first and most obvious option is to look at your (non-retirement) savings. If you have mutual funds and other liquid investments, you can liquidate (taxes will be incurred) and apply towards your franchise. Many people feel more secure investing in […]