Set Yourself up to WIN!
What will set you up to win no matter what happens?
Did it come in?
For those who applied for the SBA Economic Injury Loan you are probably receiving emails to either accept loan funds or letting you know you can sign documents to begin the process. It appears the loan amounts are being calculated as 50% of the numbers you submitted when you applied: your gross 2019 income less your cost of goods sold.
The questions I am being asked are “Do I take it?” “Do I take it all?” “What do I do with it?”
The answers of course lie in your numbers!
One thing I encourage you to consider is it will be a long time coming (hopefully) before we see this kind of financial support for small businesses. So what is possible for you?
Can you consolidate costs?
Can you hire to scale and grow faster?
What could you invest in?
The terms of this funding are the best you will see for some time. As we head into the economic fallout of COVID19, it is anyone’s guess what will happen. Inflation? Slow recovery? Housing crash again?
What will set you up to win no matter what happens?
If managing this amount of money is a new arena for you, we are here to help. Reach out today to wealth@thecfoagency.com and let’s schedule a time to talk. Your outcome will be knowing the best next step for you!
Now is when understanding your money principles is critical! Having clarity on where you are and a Dynamic Plan for where you want to go financially will be the financial management tools that will support you. These are the things we have been teaching our clients for over 30 years. Let’s talk!
In Abundance,
