The Bailey Group
Why You Should Obtain SBA Life Insurance as Early as Possible
Your SBA lender has informed you that life insurance is a requirement to be in place and assigned before you can close your loan. This will likely be one of a long list of items that must be completed before your loan can be funded and you should get started on obtaining your life insurance policy right away. Did you
Life Insurance Reporting Platform Designed Exclusively for SBA Lenders
Most of the people we work with 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
Life Insurance Awareness Month
Have you considered how your loved ones would continue on financially if you were no longer here? Life insurance is a simple and affordable way to confidently answer that question. More importantly, did you know that September marks the start of Life Insurance Awareness Month (LIAM)? LIAM was created as a way to remind Americans about the importance of life
Thinking Beyond Your Loan Requirement
The Small Business Administration (SBA) sets the requirements in order to be eligable for an SBA loan. These conditions determine which business lenders can lend to as well as the types of loans they can offer. While the vast majority of businesses are eligible for financial assistance from the SBA, some are not. In order to be eligible for an
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
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
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
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
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.
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