If you have decided to sell your business in two or three years, you likely need to change some of your strategies to suit this new vision. While your money-saving tactics have gotten you this far, a new approach is needed to ensure you maximize the sale of your business. Read more
In 2020, Colorado voters approved Proposition 118, opening the doors to a state-run Paid Family and Medical Leave Insurance (FAMLI) program. The program ensures that all Colorado workers have access to paid leave in order to take care of themselves or their family during life circumstances that pull them away Read more
Part 4 – Five Steps to Success In this 4-part series, we’ve covered the overview of the bank lending process and the first four steps. This final installment covers the fifth and final step, pulling the whole process together for presentation to a lender and answering follow-on questions. The entire Read more
Part 3 – Providing Detailed Financials and Operating Data History Over the course of this 4-part series, the first two blogs covered the overview of the 5-step process and went into depth regarding the first two steps of the process. This blog covers the third and fourth steps which are Read more
Part 2 – Matching Loan to Lender Part 1 of this series mentioned that the first step to getting a bank to loan your business money is, of course, finding the right lender. This starts with understanding the use of the funds, since it will determine the structure of the Read more
Part 1 – A Process Summary This is a four‐part series on just what it takes to obtain a business loan and understanding the process you might face in running your business with someone else’s money. Today many businesses are experiencing growth opportunities and need capital to finance growth. So, Read more
Suddenly, we are at midyear and still unsure about an impending recession. While the large corporate world has laid off employees, the middle market remains strong. However, signs of slowdowns are now appearing in the SMB market, and businesses are changing their plans for the back half of 2023 and Read more
With the recent failure of two banks in the US and one in Switzerland, the trust in the global banking system is in flux. Silicon Valley Bank customers could have lost $150 billion in unprotected deposits had the Treasury Department/FDIC not overridden the deposit insurance limits. There are several moves Read more
“Paying it forward” is a term people often use to show their willingness to help others without immediate reward. We, as a team, have absorbed this ethic into our company culture which we call “The C2 Way.” Our culture enables our team members in multiple ways, such as supporting charities, Read more
As COVID vaccination rates increase, many organizations are beginning their 2022 planning. What to expect in the US economy next year is on many minds as the assumptions for the upcoming year raise considerable uncertainty. We have reviewed several economic forecasts and data reports to compile guidelines for planning. While Read more