In this episode of "Small Business, Big Moves,". Thomas Bennett explains Shield Advisory Group and how we assist small business owners and entrepreneurs.
Connect with us on social media: - Facebook: Thomas Bennett - Instagram: @Thomas.mbennett -YouTube:@SmallBusinessMoneyConnector - LinkedIn: Thomas Bennett
Subscribe to "Small Business, Big Moves" on Your Favorite Podcast Platform for more inspiring episodes on innovation and entrepreneurship.
Small Business Big Moves is a podcast where innovation meets entrepreneurship. Join Tom Bennett as he explores all things business growth! From business funding and business tax credits to conversations with leaders who have grown successful and innovative businesses!
In this episode of "Small Business, Big Moves,". Thomas Bennett explains Shield Advisory Group and how we assist small business owners and entrepreneurs.
Connect with us on social media: - Facebook: Thomas Bennett - Instagram: @Thomas.mbennett -YouTube:@SmallBusinessMoneyConnector - LinkedIn: Thomas Bennett
Subscribe to "Small Business, Big Moves" on Your Favorite Podcast Platform for more inspiring episodes on innovation and entrepreneurship.
Small Business Big Moves is a podcast where innovation meets entrepreneurship. Join Tom Bennett as he explores all things business growth! From business funding and business tax credits to conversations with leaders who have grown successful and innovative businesses!
Welcome to Small Business Big Moves, a podcast where innovation meets entrepreneurship. I'm your host, Tom Bennett, and we'll explore all things business growth from business funding and business tax credits to conversations with leaders who have grown successful and innovative businesses. Welcome to the show. Today's episode is going to be a little bit different. We're going to jump into Field Advisory Group and what our company does. Welcome to the And at Shield Advisory Group, we know small business owners and we provide all the tools you need to run and scale a business. We are a full service business funding firm and your one stop shop for business funding. Shield Advisory Group specializes in getting our clients access to credit and capital at the best rates and terms available. Real life funding solutions for real business owners and providing a smarter way to grow your business where you can get up to 10 million dollars with flexible terms and affordable payments. Business loans including SBA backed programs, term loans, lines of credit up to 500, 000. Revenue based loans up to 3 million, along with AR, PO, and inventory financing up to 95%. So we have business loans that are designed really to grow and invest into your business, really utilizing that capital to get your business to the next level and those programs start as low as 5. 99%. With terms up to five years one time origination fee and just need a 620 or higher credit score When it comes to our lines of credit They're really great programs right now. You're looking at about 15 to 18 percent on most of those lines just because of where the rates are today. Duration varies and we provide flexible and revolving lines of credit where you only pay interest on what you draw. Now with lines of credit is really a solution that every business owner that can qualify for a line of credit should be utilizing this. Especially if it's something that they're able to qualify for, right? Not everyone can qualify for a line of credit, but if you can, I would definitely take advantage of this, especially just to have something. Is a revolving line or emergency line of credit in the event of a rainy day So we also provide sba backed loans really to help you start or expand your business with with funding up to 10 million terms from 10 to 25 years and they really want to see at least a 650 credit score And the higher the credit score, the more likely you are to qualify for these programs as long as the financials line up and look well. We also have revenue based financing where we can get you working capital up to 3 million and typically fund in anywhere from 24 to 72 hours with terms from 3 to 24 months. If you can utilize this to grow your business or get to the next level, and then we advise that you just pay it off as soon as possible. We also provide asset based loans where we can leverage your receivables and get up to 95 percent advancement lines with funding in as quick as 24 hours up to 20 million. No credit score requirement, but the AR reports obviously are required there. So that's a great program where you can get a large amount of capital. We also offer equipment financing with finance and leased stock options. Those typically range from 12 to 48 months. And rates are typically anywhere from 7 percent on the low end up to 28 percent on the high end. And as long as you have at least a 500 credit score, there may be some options for you there, as well as two years time in business as a requirement. We also get into commercial real estate funding to help grow and expand the business. Where we can get up to 80 percent loan to value on a refinance and up to 90 percent loan to value on purchases, typically 20 to 30 year terms, six 50 or higher credit score required on small balances and then SBA five Oh four for conventional and private money. We also have private equity loans where we can get 20 percent of the loan amount required as collateral. Terms are typically 12 months up to 30 years and the rates range from anywhere from about 8 to 18 percent and they want to see at least a 650 or higher credit score. And we also really focus in not only on business funding, but also specializing in different tax credits. We had a lot of success with the employee retention credit. And now we've been having a lot of success with the research and development credit, which is essentially any business that's done anything new or innovative in the business over the past three years, they can typically qualify for the research and development credit. Typically what we're seeing is they're receiving back about 10 to 15 percent of their justifiable spend in the form of an R and D credit. Okay. We also provide the work opportunity tax credit also referred to as watsi where you can receive up to ninety six hundred dollars in federal tax credits per new hire or four year business and then we also partner with the self employed tax credit also known as the 1099 credit where you can receive up to thirty two thousand two hundred and twenty dollars for being impacted by covid And being a self employed worker through 2020 or 2021, we also provide consulting services that are really designed for businesses doing anywhere from 500, 000 to 2 million in revenue and really ready to turbocharge their growth. And. Get to the next level. Many small business owners started their companies to pursue their passions, designing jewelry, caring for people, opening up a restaurant, and even creating an online store or manufacturing company. And then they start wearing all the hats and taking on much more responsibilities than they expected from CEO to marketing, product development, supply chain, and sales. And no one has enough time for this. There's only 24 hours in a day. So what we do is take a personalized approach to help small business owners like you solve the unique problems that they hinder for growth. And SAG partners with businesses to create a long range plan that takes into account the nuances, capabilities, and opportunities for your business and what it looks like to get you to the next level. What is included in that is business structure evaluation, where we get expert guidance on optimizing your business's structure for success. A performance tracker where we dive deep into your business's key performance indicators to track progress and identify areas for improvement. So if you don't already have your KPIs or core values or some of those important areas lined up, then we can definitely help with that as well. Also a tailored growth consultation where you receive personalized growth strategies and a monthly review just to make sure that your business is on track and that you're implementing the plans. A tax tune up where we ensure your corporate tax returns are comprehensive and optimized for maximum benefits. Strategic planning support where we tap into our expertise for advice on refining and executing your business plan, personalized coaching sessions that you can benefit from weekly one on one consultations to address your unique challenges and opportunities. A credit checkup where we help you stay informed about your business's credit health with ongoing monitoring and reporting. A debt diagnosis where we'll identify and address any potential financial burdens with our thorough debt analysis. Funding facilitation to explore avenues for capital introduction to fuel your business's growth ambitions. Regular growth assessments to stay ahead of the curve with designated quarterly reviews to assess progress and pivot as needed. Expansion strategies to access proven strategies and resources to facilitate business expansion and acquisitions. A legal library access where you gain access to a comprehensive library of legal documents, contracts, and forms to streamline operations. An expert network where you can connect with industry experts and peers who are exclusive network for valuable insights and opportunities. An entrepreneurial community where you can join a supportive community of like minded entrepreneurs for networking collaboration and support in cost savings benefits To enjoy significant savings on lending and tax planning fees to maximize your bottom line and a little bonus curated and curated reading list to expand your knowledge with access to our curated library of must read business books for inspiration and insight. And then we have another plan that's designated for businesses with revenue of 1 million or above. And this that are seeking specific strategies. So our partnership plan is designed for businesses with robust revenue, seeking rapid scalability. It offers a hands on approach that includes an initial 90 minute onboarding call to discuss strategies. SOPs, goal oriented targets, and then after that, we have weekly hour long sessions to track progress and make adjustments as necessary. In addition, you'll need to provide us with monthly P& Ls, account reconciliations, and other relevant financial data. The pricing of our partnership plan is client specific and based on individual needs and objectives, and then we can determine the best plan for you. This provides executive excellence where we gain access to a dedicated C suite team committed to driving your business forward, financial fortification to strengthen your financial position with expert debt consolidation and strategic capital infusion, future planning to ensure a smooth transition and secure the future of your business with our comprehensive succession planning services, Industry insight to connect with lending experts in your field to our exclusive network access Data analysis to dive deep into your business's performance metrics with thorough key performance indicator assessments tailored strategies to receive a customized growth plan designed to meet the unique needs of your business and performance based incentives to drive success and reward excellence with equity based remuneration for you and your dedicated SAG team. Credit repair and credit building is another area that we focus on where we can help you with business and personal credit so most people are obviously aware with personal credit and I would say a majority of People and business owners are unaware of business credit and what that looks like so we can definitely assist you with both of those And really that's a nutshell of what shield advisory group provides Our team has really Put together a plan where anything that a small business owner struggles with or could benefit from We work with them to provide strategies and support to get their business to the next level And that's gonna be a wrap on this episode of small business big moves What we ask is if you enjoyed this episode if you could share this podcast with someone you think would get value out of it And like and review the podcast you can also hit me up on all social media at thomas bennett And I look forward to seeing you all on the next episode