The pandemic has provided a pause with lenders and other creditors. If your business has survived, you may think there is little to worry about. Maybe that’s true. But true or not, this is a good point at which to consider the potential impact of COVID on your business as the ground continues to shift over the next several months. Today’s newsletter gets specific regarding how. Read more…
The Pandemic has brought about several changes and so your business has had to change, too. Under current conditions, it’s easy for things to go a bit off kilter, creating an opportunity to drift from important fundamentals. Read more…
The Fixed Charge Coverage Ratio (FCCR) is a measure of how much cash flow there is to cover fixed charges. If the ratio goes below 1, a business will go cash flow negative, absent additional financing, no matter how profitable it is. In today’s newsletter, we examine FCCR and provide suggestions for keeping yours high. Read more…
Businesses are liquidated all the time and for a variety of reasons. Whatever the cause, there are all sorts of traps that can ensnare a business owner along the way. In today’s newsletter, we talk about uncovering, avoiding and minimizing the impact of these dangers. Read more…
A loan is in default when a borrower doesn’t perform as it is contracted to do. At its most basic, that means not making payments. But there are additional requirements (“covenants”) as well. In today’s newsletter we consider what to do if you are in danger of defaulting on your loan or loans. Read more…
Businesses enter into agreements with other businesses all the time. But what should a business do when one or both parties can no longer honor the agreement and defaults? Today’s newsletter makes three recommendations: understand what you’ve agreed to, understand what your options are, and move forward honestly and transparently. Read more…