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  3. MMA October: COVID-19 Financial Tips

MMA October: COVID-19 Financial Tips

Posted by Jim Biehl on October 19, 2020

Jim Biehl Jim Biehl

COVID-19 has had a significant impact on Michigan manufacturing, forcing many to shift strategies to cope under crisis. The combination of supply chain issues, workforce concerns and reduction in orders created a “perfect storm.” Fortunately, many manufacturers are surviving the initial challenges through lines of credit, low interest loans and government programs such as the Paycheck Protection Program and Economic Injury Disaster Loans. The pandemic caught many manufacturers off-guard resulting in trying circumstances. The best way to ensure resources are protected is to develop a comprehensive plan for the next 12 to 18 months. Shareholder Jim Biehl shares financial tips for managing the ongoing COVID-19 fallout in the October issue of the Michigan Manufacturers Association (MiMfg) magazine.

Our team is always ready to help.

Please contact us for more information.

Jim Biehl

Jim Biehl

Shareholder, Manufacturing & Distribution

Contact Jim   |   Read Jim's bio

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MMA October: COVID-19 Financial Tips

Posted by Jim Biehl on October 19, 2020

Jim Biehl

COVID-19 has had a significant impact on Michigan manufacturing, forcing many to shift strategies to cope under crisis. The combination of supply chain issues, workforce concerns and reduction in orders created a “perfect storm.” Fortunately, many manufacturers are surviving the initial challenges through lines of credit, low interest loans and government programs such as the Paycheck Protection Program and Economic Injury Disaster Loans. The pandemic caught many manufacturers off-guard resulting in trying circumstances. The best way to ensure resources are protected is to develop a comprehensive plan for the next 12 to 18 months. Shareholder Jim Biehl shares financial tips for managing the ongoing COVID-19 fallout in the October issue of the Michigan Manufacturers Association (MiMfg) magazine.

Our team is always ready to help.

Please contact us for more information.

Jim Biehl

Shareholder, Manufacturing & Distribution

Contact Jim   |   Read Jim's bio

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Read full story

Honoring International Women’s Day

In honor of International Women’s Day, I’d like to take a moment to recognize the talented women who have helped build our outstanding reputation within the business community – both…

Read full story

How to Calculate R&D Tax Credits

As we’ve seen in the first two installments of this series, business owners often miss out on the R&D tax credit opportunity and the bottom-line infusion it can provide. Many…

Read full story

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