Our PPP Loan Wasn’t Funded – Now What?
As this episode is released, the US Congress is nearing a deal to reopen the Payroll Protection Program with an additional $300 billion of funding. This episode offers important strategies for accessing PPP funds, reducing expenses without harming staff and raising more funds quickly. Highlights: (7:23) Know your burn rate and cash flow projections (10:00 ) Actionable ideas for cutting your expenses without harming staff (18:00) Your staff might make more money from unemployment if you furloughed them now (23:00) Generate cash and raise more money fast (38:35) Prepare your organization to apply for the Paycheck Protection Program when it’s refunded
