Cash Flow

Those who applied for the $10,000 EIDL Advance several months ago are receiving their SBA offers of the official EIDL loan and aren’t sure whether they should take it.

When MFP builds financial plans, we usually create a model that assumes clients maintain their current standard of living throughout their life.  Our models adjust for: kids moving out, loans paying off, post-retirement projects, big purchases, and/or travel.

Recently, our lives have been consumed with helping clients navigate PPP, EIDL, FMLA and PUA – the various government programs available for small businesses affected by Covid-19.

Managing cash flow is key to being a financially healthy business.  Most dentists know their monthly cash flows, with a keen awareness of when payroll, credit cards, rent, labs and the other big bills are due each month.  But managing cash flow is not just about increasing next month’s production or reducing expenses.