800 611 5170Click to Apply for a Loan Online


Small Business Guide to Relief and Recovery: Financial Planning

May 12, 2020 | Small business
Small Business Guide to Relief and Recovery: Financial Planning, CDC Small Business

We are focused on offering tools to help small business owners with the ongoing impacts of the coronavirus. The path forward may seem overwhelming, but CDC Small Business Finance will continuously update our guide to help small business owners meet the challenge. 

The categories in our “Guide to Relief and Recovery” include:

  • Financial planning
  • Communication
  • Risk management, including how to avoid COVID-19 loan scams.
  • Recovery 
  • Resources, including SBA emergency grant and loan programs and webinars. 

Today, we focus on financial planning, with tips on how to manage cash flow, work with lenders, keep track of revenues and expenses and more.

This is key, said Chuck Sinks, who leads CDCSBF’s business advising team. “Financial planning now needs attention on a daily and weekly basis,” he explained.

“To stay ahead and be able to make smart pivots, prepare cash forecasts for each of the coming weeks for the next quarter. Revisit the forecasts frequently based on changes in your industry.”

Check back often as Chuck and the advising team continue to add updates.

And remember, please bookmark this guide.



  • Budget for the upcoming 30 days or 60 days.
  • Reduce overhead, all discretionary and non-essential expenses. Modify business hours as needed.
  • Negotiate with the landlord for concessions (reduction, slower payment, late fee waiver, etc).
  • Franchisees should contact franchisor rep and request “Royalty Holiday” in writing.
  • Keep cash disbursements to a minimum.
  • Cut back on staffing/payroll if necessary.



  • Complete a cash-flow analysis to determine any funding gaps.
  • Communicate with your lenders – contact CDC and/or your bank if you are unable to meet your loan commitments.
  • Carefully review your loan documents with your lender and discuss any potential challenges.



  • Assess quick/current ratios, customer orders, equipment utilization, receivables, operating expenses, cash buffer days and working capital.
  • Prepare 13- and 26-week cash forecasts and stress test the underlying assumptions.
  • Assess eligibility for government and private sector relief.



  • Find alternative sources of revenue.
  • Re-allocate resources to areas of growth, online and beyond.



    • Audit spending and eliminate unnecessary items.
    • Determine what segments are working and which are not.
    • Convert fixed to variable costs where possible.
    • Revisit capital expenditure plans.
    • Reduce / curtail lower ROI efforts.
    • Ensure investment in critical innovation for the future.
    • Flag non-recurring expenses.




We closely monitor best practices and resources to help you manage your business. Here’s how to get the latest details:


See our COVID-19 Small Business Guide to Relief and Recovery


In case you missed it:


CDC Small Business Finance is a trusted small business lender, award-winning nonprofit and advocate for entrepreneurs. Over more than four decades, we have provided $18 billion in funding to over 11,000 borrowers … and counting. Unlike a traditional lender, we have the flexibility to offer affordable loans to underserved small business owners. Our lending also plays a role in bolstering economic development, and has helped to create or preserve more than 200,000 jobs in California, Arizona and Nevada.

  • I'm Interested in a Business Loan

    • This field is for validation purposes and should be left unchanged.

For media inquiries, email press@cdcloans.com.

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow Us

Sign up for our blog

Get the latest small business news and updates from our team once a week.

Please check your email and confirm your subscription.

Pin It on Pinterest