CARES Act Update as of October 2020
New rules are out for PPP loans under $50K. Please contact RFS if you need guidance on issues as soon as possible. CARES Act implications are rapidly evolving.
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It usually starts with good news. Revenue is up. A new contract came through. There’s cash in the bank, and from the outside, the business looks like it’s doing everything right. Then something breaks. The bank asks questions the numbers can’t answer. Or the owner finds out, at the worst possible time, that the line of credit is already tapped out. Either way, they’re left wondering how a company that looked so healthy got here so fast. Ted Rose has a name for that moment: the finance ceiling. It’s the point where a company’s growth outruns the finance function behind it, and it’s the subject of The Finance Ceiling, a new video podcast from Rose Financial Solutions. The first trailer is out now, ahead of the show’s launch.



