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Just as your pulse is checked during a routine physical, free cash flow is used as an indicator of a company's health. It equals the cash brought in from operations minus the money needed to pay the bills. Think about leftover money in your checking account after you pay this month's bills.
Investors and analysts see this leftover money as a gauge of a company's ability to perform. It is available for transactions such as handing out dividends and working on new products.
Some argue free cash flow is wrongly overshadowed by the emphasis often placed on earnings. Earnings numbers can be manipulated and don't always tell the whole story -- and earnings don't mean much if there's nothing left over after a company pays its expenses. Even if you bring in a six-figure salary, but no money left after paying the bills, are you in great financial shape?
You don't have to be Einstein to figure out free cash flow. To calculate the number, subtract the company's expenditures and dividends from its operating cash flow.
If the free cash flow is written in red ink, it doesn't necessarily signal curtains. This is common for young companies looking to grow. It also could be a result of heavy investments, which in the long run could be worth a standing ovation.
Home / Markets / Industries / Media
Friday, May 09, 2008
SBA Offers Disaster Assistance to Connecticut Residents Affected by the Fire in the City of Norwich
Comtex
WASHINGTON, May 9, 2008 /PRNewswire-USNewswire via COMTEX News Network/ ----Connecticut residents and businesses affected by the fire in the city of Norwich April 26, 2008 can apply for low-interest disaster loans from the U.S. Small Business Administration, SBA Administrator Steve Preston announced today.
Administrator Preston took this action following a May 1 letter from Connecticut Governor M. Jodi Rell requesting a disaster declaration by the Small Business Administration. The declaration covers New London County and the adjacent counties of Hartford, Middlesex, Tolland and Windham in the State of Connecticut; and Kent and Washington counties in the State of Rhode Island.
"We look forward to working with residents of Connecticut affected by the fire to make the SBA disaster loans available to renters, homeowners and businesses to help them finance the rebuilding of their communities," said Administrator Preston.
Frank Skaggs, Director of Disaster Field Operations Center East said, "Residents are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property. Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. The SBA's Customer Service Representatives will be on hand at the Disaster Loan Outreach Center to issue loan applications, answer questions about the SBA's disaster loan program, explain the application process and help individuals complete their application."
The Center will be located in the following community and will open as indicated:
New London County
Norwich City Hall
City Manager's Office, Room 219
100 Broadway, Norwich, CT 06360
Opens: Tuesday, May 13, 2008
Hours: 8:30 a.m. to 4:30 p.m.
Tuesday, May 13 - Friday, May 16
Closing: Friday, May 16, at the close of business
Bernard M. Sweeney, SBA's Connecticut District Director stresses, "Low-interest Federal disaster loans are available to renters, homeowners, businesses of all sizes and private, non-profit organizations whose property was damaged or destroyed by the fire."
Businesses of any size and private non-profit organizations may borrow up to $1.5 million to repair or replace damaged or destroyed real estate, machinery, equipment, inventory, and other business assets. The SBA can also lend additional funds to help with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.
For small businesses only, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loans assistance is available regardless of whether the business suffered any physical property damage.
Interest rates are as low as 2.687 percent homeowners and renters, and 4.000 percent for businesses, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based upon each applicant's financial condition.
Individuals and businesses unable to visit the Center in person may obtain information and loan applications by calling tollfree (800) 659-2955. Hearing impaired individuals may call (800) 877-8339.
The filing deadline to return applications for physical property damage is July 7, 2008. The deadline to return economic injury applications is February 5, 2009.
For more information about the SBA's Disaster Loan Programs, visit our website at www.sba.gov.
SOURCE U.S. Small Business Administration
http://www.sba.gov
Copyright (C) 2008 PR Newswire. All rights reserved
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