Mortgage, Retirement and Investing Expert
Mark Henricks has reported on personal finance, investing, retirement, entrepreneurship and other topics for more than 30 years. His freelance byline has appeared on CNBC.com and in The Wall Street Journal, The New York Times, The Washington Post, Kiplinger’s Personal Finance and other leading publications. Mark has written books including, “Not Just A Living: The Complete Guide to Creating a Business That Gives You A Life.” His favorite reporting is the kind that helps ordinary people increase their personal wealth and life satisfaction. A graduate of the University of Texas journalism program, he lives in Austin, Texas. In his spare time he enjoys reading, volunteering, performing in an acoustic music duo, whitewater kayaking, wilderness backpacking and competing in triathlons.
Posts by Mark Henricks:
With stay-at-home orders in place across the U.S., revenues for the nation’s 30 million small business have dried up, and many businesses have had to lay off employees. To aid these companies and their employees during the COVID-19 crisis, the Small Business Administration (SBA) is offering small businesses a forgivable loan of up to $10 million each to cover payroll and some other costs. A Paycheck Protection Program (PPP) loan, which the SBA classifies as a 7(a) loan, is part of the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, with $349 billion designated for the PPP. The loans feature a streamlined application process, less documentation and fewer restrictions. If you’re considering such a loan for your business, it’s important to understand who does and doesn’t qualify, how much you can borrow, how forgiveness works and other key details. Read more
When a natural disaster or man-made crisis strikes, businesses often must suspend operations or operate at reduced capacity for a time. Business interruption insurance can protect business owners against income losses in these situations. However, it doesn’t normally cover infectious diseases like COVID-19 or pandemics. Typically, for the policy to kick in, there must be damage to the business property. But as more and more business owners learn that their losses from the coronavirus crisis aren’t covered, some states are stepping in, introducing bills that retroactively require insurers to cover these losses. These states include: Massachusetts, New Jersey, New York and Ohio. In this article we’ll discuss what typically is and isn’t covered by business interruption insurance. Many financial advisors specialize in working with business owners. Find an advisor today. Read more
Arizona is perhaps best known for its hot climate and natural beauty, but it’s developing a high profile for business as well. The state’s population is growing, as is its economy. On the downside, Arizona has higher costs than most states. If you’re considering starting a business in the Grand Canyon State, here’s what you need to know. Read more
When assessing the financial performance of a corporation, there are numerous useful metrics you can examine. Two of the main ones are operating income, which is profit minus operating expenses; and… Read more