resources

7
Mar

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

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21
Dec

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

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17
Nov

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

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15
Oct

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

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15
Sep

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

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5
Aug

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

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25
Jun

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

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16
Feb

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

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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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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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