Jen: This is The PKF Texas – Entrepreneur’s Playbook®. I’m Jen Lemanski, and I’m back again with Matt Goldston, one of our directors of our Entrepreneurial Advisory Services team, and one of the faces of the PKF Texas Bank Advisory Services team. Matt, welcome back to The Playbook.

Matt: Thank you, Jen. I appreciate it.

Jen: So, we’ve had some conversations – can you tell me a little bit, what is a bank field audit?

Matt: Certainly. A field audit or field examination is typically engaged by the bank, where we’ll go in and we’ll look at their client, we’ll review their banking agreement, we’ll look at the underlying assets that support balances that they’re reporting to the bank. So, it’s basically a third-party review in depth of their reported balances to a bank.

Jen: And what types of clients actually need these types of examinations?


Continue Reading What is a Bank Field Examination?

Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, and I’m back once again with Matt Goldston, a Director in our Entrepreneurial Advisory Services team. Matt, welcome back to the Playbook.

Matt: Thank you, Jen, I appreciate it.

Jen: So, I know we call it the EAS team, I know the EAS team has been working with bankers and our clients on the various intricacies of the Paycheck Protection Plan or “PPP.” How have you been working with banks on PPP-related items?


Continue Reading Navigating Through PPP Loan Forgiveness

The Federal Reserve recently announced that not-for-profit organizations now may apply for loans under the $600 billion Main Street Lending Program. Previously open only to for-profit businesses with more than 100 employees, the program offers low-interest loans with relatively relaxed repayment terms.

man holding a pen to paper about to sign a contract; image used for a blog post Main Street Lending Program during COVID-19 pandemic

If your organization needs funding to keep operating during this difficult period, a Main Street loan may be an option.


Continue Reading Your NFP Can Now Apply to the Main Street Lending Program