My Business Is Running Out of Cash…Now What?

Lets start by evaluating your current cash position… #1 How much cash do you have left? #2 Is the answer to question #1 enough to cover payroll expenses? If the answer is no… #3 When is the next payroll obligation? If the unfortunate answer to #2 was “no”, you need to immediately get a planContinue reading “My Business Is Running Out of Cash…Now What?”

How to Pay Back a PPP or EIDL Loan

If your business was fortunate enough to have received a Paycheck Protection Program (PPP) loan or an Economic Injury Disaster Loan (EIDL), you may have now decided that you want to pay it back for for any number of reasons: You didn’t fully understand the loan terms when you applied, You cannot use the PPPContinue reading “How to Pay Back a PPP or EIDL Loan”

EIDL Assistance

Update as of 16 – June – 2020- THE EIDL ADVANCE IS OPEN TO ALL APPLICANTS! (Many of our clients are currently seeing approvals within 24-48 hours at this time!) MCDA is submitting and can provide same-day confirmation numbers for the Economic Injury Disaster Loan (“EIDL”) & Grant Program. We have successfully provided funding for hundredsContinue reading “EIDL Assistance”