Today on the Mentors and Moguls podcast, Heather is talking to Casey Graham. He’s the found and CEO of Gravy, the leading field payment, payment recovery, and customer retention system for business with recurring revenue. This week, Casey is discussing the COVID-19 small business stimulus package and how it impacts your small business.
The way Casey sees it is this: never in history has a virus impacted the world the way it is. It has created a small business disaster and shutdown which has stimulated a capital market recession. There is an underlying fear in the market. People either fight, flight, or freeze. Gravy helps people understand that fight and flight are both options, but freezing isn’t good for anyone.
The discuss the CAREs act and what it means for small businesses. At the time of this recording, across two phases, 2 trillion dollars has been set aside for small business funding. For the first time, you have the government, banks, and small businesses all relying on each other. The government is saying that they want you to keep your people employed. If your business has been in place since February, has under 500 employees, and have been impacted by COVID-19, you will get a forgivable loan if you use the loan to stay in business. They discuss who can file and how, and the importance of the act itself.
Casey breaks down important details and offers his advice on how to best leverage the stimulus package. He points out potential pitfalls to keep an eye out for and shares the functional process behind getting the forgivable loan. Then, he talks about the timeline of receiving the approved loan and how the money gets to your business. The amount you get is based on your average payroll and divide it by twelve. From that average, you multiply it by 2.5--this is what will be deposited to your account. There are limits on how many employees and how much you can receive. Essentially, this loan becomes a grant should you spend it on approved expenses.
Tune in to listen to Casey’s expert advice!
81 - Building Human Hearts in 2023 with Dr. Doris A. Taylor
80 - Unlocking Confidence and Joy: Exploring SELF!SH with Stephanie Szostak
79 - Comedian Becky Robinson, aka Entitled Housewife Unplugged
78 - Unveiling AI's Ethical Challenges: Insights from Reid Blackman, Ph.D.
77 - Certified Organic & Clinically Proven Skincare - Unlock Your Glow with Irene Forte
76 - Elevate Your Path: Embracing Growth with Paratrooper Father Peter Pomposello
75 - The Benefits of Cold Plunging with Susanna Søberg
74 - Bone Broth Breakthrough with Dr. Kellyann
73 - Finding Joy in What You Do with Robin Hoffman Haack
72 - How to win with money! Featuring #1 New York Times Bestselling Author and Financial Expert, Rachel Cruze
71 - 3 Steps to Creating a Non-Profit with Genevieve Piturro
70 - 6 Steps to Getting Published with Nicole Meier
69 - How to Persevere Through Dyslexia to Become Publisher of a Top New York Publication, with Elinor Tatum
68 - How to Become a Successful Sales Rep With Michele Romanello
67 - How To Choose The Best Preschool For Your Child with Linda Ensko
66 - Creating Viral Videos for Kids with Brecky Breck
65 - How to Follow Your Intuition to be Your Most Authentic Self "Soul Conversations" with Austyn Wells
64 - Catapult Your Influence & Personal Brand with Rory Vaden
63 - The Benefits of Yoga for Working Mothers by Rajashree Choudhury
62 - A Second Look at Life after Dying – the Story of Danny Bader and His Miraculous Journey
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Reaching your Goals
Insights@work
Business Dad
The Ken Coleman Show
The Cardone Zone