resources
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
The Bailey Group closed out the 2021 year spending time giving back to our community
The Bailey Group closed out the 2021 year spending time giving back to our community. Our team adopted 18 children for Christmas at the Wilbert Davis Boys and Girls Club of Tampa Bay, and surprised the children with the toys on their Christmas wish list at their Annual Holiday Celebration hosted by the Jones Family Foundation. We are grateful to
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
Have Questions? We have Answers.
The Bailey Group SBA Life Insurance Frequently Asked Questions: Will the bank be the beneficiary of my life insurance? No. You can name your beneficiaries (spouse, children, business partner) but the bank must be the assignee of your insurance policy. Can I assign my current life insurance policy instead of taking out a new policy? Yes, but most companies the
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
What You Need to Know about Business Loan Protection and Why You Should Consider It
As a business owner, it is imperative not to default on your business loan payments. A default with your lender could have many negative outcomes – demolish your credit, assets could be taken away, your family may suddenly have to manage a financial hardship, etc. Our team is here to help you be proactive in the case that you become
Charles Bailey’s re-appointment to NAGGL’s 2021 Board of Directors
National Association of Government Guaranteed Lenders (NAGGL), announced the re-elect of Charles Bailey, Founder and President of The Bailey Group, to its Board of Directors for 2021. “I am proud to have been recognized by re-appointment to the National Association of Government Guaranteed Lenders Board of Directors. This Board upholds the highest standards of service to business owners, SBA Lenders
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