Getting your SBA PPP Application Submitted

The GrowthLab Weekly Jump is an information session hosted every Monday that tackles relevant issues in today’s trying times! Jumpstart your week with practical advice in times of uncertainty.



In case you missed this week’s Jump session, you can find the recording & slide deck below:

• Powerpoint
• Video 



This week’s focus is on getting your PPP application DONE. Then pivot back to COMMUNICATING with your people & customers. And focus on CASH. Re-focus on your business: Short-term Cash Flow Planning.



Actions for this week–

1. Get your SBA PPP Application Submitted
2. Communicate with your Team & Customers
3. Focus on Short-term Cash Flow Planning



Action 1: Get your SBA PPP Application Submitted

This is a great opportunity for most small businesses. It caused a ton of management distraction last week. Get the app done, submitted, and move back to business!

• If you haven’t yet, GET IT DONE.
• Find out if your bank is accepting applications.
• Don’t wait for the bank past Tuesday, get in the queue at another bank.
• Don’t apply in two places!
• A lot of guidance has been given; takes away a lot of the gray area from last week.
• If you have submitted, ensure you have a data room
• Banks are asking for common items as well as some unique ones.
• Make sure you have all the documents used to build your “payroll costs” number and headcount number for the application in a data room.



Action 2: Communicate with your Team & Customers

Now, more than ever, you should be bringing your team and your customers along in your journey. Be proactive, be open & transparent. No one is untouched by this crisis. 

• Communicate with your Team & Customers
• Tell them:
• The steps you are taking
• What you are hearing from the market
• Possible opportunities & risks
• Get them to Engage:
• Celebrate the wins
• Articulate the risks & how you are mitigating them

Set cadence & communicate regularly. Make it a conversation, not a one-time broadcast. 



Action 3: Focus on Short-term Cash Flow Planning

Build your 13-week cash flow planning framework. Always remember cash is king. 

• Tool
• Know your framework (use our guide)
• Build your tool (or use ours)
• Know your Cash Flow
• What’s coming in?
• What’s going out?
• What key vendors take priority?
• What accounts receivable needs pressure?
• Cadence
• Set a weekly cadence: update it every Monday morning