The Bailey Group

24
Aug

SBA, COVID-19, & Your Business Debt

The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic. As a part of the coronavirus debt relief efforts, the SBA will pay 6 months of principal, interest, and any associated fees on 7(a), 504, and Microloans disbursed prior to September 27, 2020. What does this mean for you and your business? Contact your lender if

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15
Jul

Managing Your Tax Bracket: Planning If Taxes Go Up and Planning If Taxes Go Down

The Bailey Group shares “Managing Your Tax Bracket: planning if taxes go up and planning if taxes go down,” resourced from Equitable.com It’s always important to diversify and spread your risk among many investments. Diversification can help protect you from fluctuations among different assets and asset classes.1 But, what about diversifying your tax rate exposure? By diversifying among different financial

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24
Jun

What To Do Once You Receive Your PPP Loan

So you’ve received your PPP loan, now what? As we continue to adjust to the new world that we live in, as a business owner PPP loan has become a common term. The Treasury Department released a new Loan Forgiveness Application and updated guidance, providing further clarification on the revisions to the loan forgiveness requirements. PPP loans are still available

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8
May

Life Insurance Reporting Platform Designed Exclusively for SBA Lenders

Most partners are aware that The Bailey Group can place life insurance policies quickly at no additional cost to borrowers; but did you know that lenders can save time and money by working with The Bailey Group? Since the SBA requires life insurance to stay in place for the life of the loan, countless hours are spent each year by

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16
Apr

Your Borrowers Can Get Life Insurance Fast and “Touch-Free” During the COVID-19 Pandemic

A global health crisis, like the unfortunate widespread COVID-19 outbreak, can understandably cause many small business owners to panic, especially clients in process of applying for an SBA loan. Our team at The Bailey Group is here to help. With our Instant Issue options, we have Contractual Agreements with multiple carriers that can provide qualified individuals life insurance policies up

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16
Mar

Term or Cash Value Life Insurance: Which is better?

Term Vs. Cash Value Life Insurance When shopping for life insurance, the number of options available to you can be overwhelming. What’s equally if not more important is not only understanding the options, but also understanding which option is the best fit for you, your family, and your business. To learn which is the best fit, you first need to

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14
Feb

What You Should Know When Buying Term Life Insurance

Is term life insurance for you? If you’re considering buying life insurance as a small business owner, you may not be aware that there are two types, term and permanent. Term life insurance is typically cheaper than permanent life insurance because permanent life insurance accumulates cash value* that you can access during your lifetime. Term life insurance does not have

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15
Jan

Common Leadership Mistakes to Avoid as a Small Business Owner

While there are fewer small business owners to run within a small business, managing staff is just as important as in larger businesses. Small businesses typically do not have Human Resources (HR) departments, therefore the responsibility of managing a team often falls on a manager or the entrepreneur whose expertise is in a different area. As a result, a few

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10
Dec

Top 3 Reasons You Should Carry Life Insurance as a Business Owner

Can you believe that the holidays are already here? The holidays are a time filled with laughter and cheer, but they’re also a time of forward-thinking and planning. As a business owner, it’s the appropriate time of year to review your life insurance. When you’re beginning your 2020 New Year planning, don’t forget to add life insurance into your plans.

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15
Nov

Marketing Your Business on Small Business Saturday

3 Tips To Make Your Small Business Saturday More Successful If you’re a small business owner and not celebrating Small Business Saturday on November 30th, you’re missing out on a great opportunity! Held on Saturday after Thanksgiving each year and spearheaded by American Express, Small Business Saturday launched in 2010 as a day to support small, local businesses nationwide. The

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