Golbahar Consulting Group

The Hutchins Center FIM explains "... Without any additional stimulus, we project that fiscal policy will become a drag on economic growth in coming quarters." Let's see what happens on election day. #vote2020 https://www.linkedin.com//dgolbahar_hutchins-center-fiscal

Q3 Takeaway from Cornerstone Research: 52 Companies with More Than $1B File for Bankruptcy Will the economy become healthier after the election? bit.ly/37PKbGR

We've written a summary of the CARES Act. Please check it out here: https://www.linkedin.com//dgolbahar_golbahar-cares-activit

**UPDATE** Hi All, the Paycheck Protection Program is great way to apply for a 7a Loan and keep payroll and benefits going. I'm creating more material on it, but in the meantime, please start gathering your information. You need to be approved, and then 2 months worth eligible expenses will be forgiven in one year. I am working with Jonathan Kohanoff at Diamond Business Loans to help everyone navigate through this. If you want a fast loan, (will need to be re-paid, please le...t me know, I can guide you directly) The checklist is below. If your accountant cannot help you, I am here to assist. DM me and we can get you organized. 7(a) Loan Application Checklist Use the checklist below to ensure you have everything the lender will ask for to complete your application. Once your loan package is complete, your lender will submit it to the SBA. SBA Loan Application Personal Background and Financial Statement Statement of Personal History - SBA Form 912 Personal Financial Statement - SBA Form 413 Business Financial Statements: Profit and Loss (P&L) Statement This must be current within 180 days of your application. Also include supplementary schedules from the last three fiscal years. Projected Financial Statements Include a detailed, one-year projection of income and finances and attach a written explanation as to how you expect to achieve this projection. Ownership and Affiliations Business Certificate/License Loan Application History Income Tax Returns (business and personal for 3 years) Résumés - Include an explanation of why the SBA loan is needed and how it will help the business. Business Lease

For small businesses looking for aid, the SBA will be moving forward on debt forgiveness once the Bill is passed. Are you financials in order to apply? It's important to be first in line when this comes out tomorrow. #turnaround #smallbusiness #SBA #TrustYourCPA