Each month we will be posting an overview article that covers our recent company articles, announcements, and insights. Below is for the month of June.
What Should Lenders Be Asking Right Now? (Article & Webinar)
June 30, 2020 marks the end of the first half of the year, the end of the first quarter of Covid-19 impacts, and the start of the summer season. What are the questions lenders should be asking borrowers? What are the questions borrowers should be asking themselves? Read the article to hear some of our suggestions. One of our Sr Managing Directors, Juanita Schwartzkopf also hosted a Live Webinar on this topic. The replay is available at the link below.
The Operating Cycle: Lame Lending School Concept OR Key Performance Indicator?
The definition of the operating cycle is the amount of time a Company needs to convert inventory to accounts receivable, and accounts receivable to cash, offset by the amount of payables that can be maintained. Juanita Schwartzkopf of Focus Management Group argues that the operating cycle is more than just a simple calculation and walks through a real-world example to illustrate its importance for forecasting and managing working capital.
Covid-19 Lending Working Capital and Cash Flow Discussion Webinar
As our economy restarts, financial discipline is required to manage cash, accounts receivable, inventory, and accounts payable. These unprecedented times make it extremely difficult. That’s why the time for working capital management best practices is now! Click the link below to listen to our webinar and Q&A session addressing techniques and approaches for managing each of the components of working capital, and then bringing all that analysis together in a working capital and weekly cash flow and borrowing base forecast.
Main Street Loan Programs Are Evolving
The government’s response to the Covid-19 impacts on our economy is constantly evolving. We have seen changes to the Payroll Protection Program, and expect additional clarifications. We are now seeing some changes to the Main Street Loan Program. There are three different programs available to borrowers under the Main Street Loan Program. Read more below.
PPP Loan Forgiveness: Passing of Payroll Protection Flexibility Act
The House and Senate have passed changes to the PPP loan forgiveness requirements, and have changed the repayment requirements for amounts not forgiven. The President is expected to sign these changes into law. Here is a brief summary below.
Covid-19 Lending Accounting Considerations Webinar
When the US government passed the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) in March, the breadth of the programs created unprecedented opportunities for confusing financial statement reporting. Listen to our webinar and Q&A session to hear what this means for your borrowers, and how to properly understand and evaluate financial performance in these unprecedented times.
FMG Welcomes Steve Weber as Managing Director
Steve joins Focus Management Group with over 28 years of experience in transactional consulting, business management, public accounting, corporate finance, litigation support, forensic investigations, and business valuation.