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Post-ing a Profit

Sep 24, 2020

Private vs Public Approaches to Success

By Luigi Rosabianca of Shield Advisory Group

 

On July 26, 1775, members of the Second Continental Congress, meeting in Philadelphia, agreed…

That a postmaster General be appointed for the United Colonies, who shall hold his office at Philadelphia, and shall be allowed a salary of 1000 dollars per annum: for himself, and 340 dollars per an: for a secretary and Comptroller, with power to appoint such, and so many deputies as to him may seem proper and necessary. That a line of posts be appointed under the direction of the Postmaster general, from Falmouth in New England to Savannah in Georgia, with as many cross posts as he shall think fit.

This simple statement signaled the birth of the Post Office Department, the predecessor of the U.S. Postal Service. Our Founding Fathers appreciated the need for an expedient mail delivery service for the promotion of business and communications. Over the next century, the U.S. Post Office was...

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All the Tools You Need to Build a Successful Business

Sep 23, 2020

 

We implement Real Growth and Meaningful Change

Strategic Planning

Effective long-term planning requires careful coordination of organizational stakeholders, a transformation mindset, and deep industry expertise to drive capability-forward and market-back strategic plans. SAG partners with executive leadership teams to create a long-range plan that considers the unique nuances, capabilities, and opportunities for your business.

Business Coaching

Sustainable transformations require significant amounts of time, patience, energy, and incredible degrees of persistence and resilience. But transformations also require an actionable and focused guidance for your organization. SAG’s Business Coaching program helps keep you accountable and focused on your vision while giving your business access to industry experts.

Organizational Development

Between tight budgets and program demand, your organization must do more with less — and do it well no matter what because so...

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Tailor Made Solutions for Growth

Sep 17, 2020

One Doesn't Go to a Shoemaker to Hem One’s Trousers.

Many small business owners started their companies to pursue their passions: designing jewelry, helping care for people, opening a restaurant, even starting an online store or manufacturing company. Then they start wearing numerous hats: CEO, marketing, product development, supply chain, and sales. Who has time for all this? Moreover, in this current environment, who has the tolerance for in-person, sit-down meetings where an hourglass is turned?

Advisors now, more than ever, need to take a personalized approach to supporting small business owners solve unique problems that hinder growth. Blanket solutions that feign to cure all ails are no longer viable. A bespoke, customized solution is essential.

Shield Advisory Group is keenly positioned to address these varied concerns as they arise.

Shield Advisory Group specializes in getting our clients access to credit and capital at the best rates and terms available.

Our team...

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Paycheck Protection Program Loans: SBA Loans for Coronavirus-Impacted Businesses

Sep 14, 2020

Update on the Paycheck Protection Program

Note: The Paycheck Protection Program shut to new candidates on August 8, 2020. This page will be refreshed if and when the government passes enactment to restart the program or make extra independent company money related help.

Check Protection Program Loans: Everything You Need to Know

The Paycheck Protection Program (otherwise called PPP) is a program that was as of late revealed by the Small Business Administration to help flexibly subsidizing to private companies, charities, sole owners, and business substances influenced by the novel Covid.

This program gives 100% governmentally ensured advances to assist organizations with their finance and other working costs. All business credit installments are conceded for 10 months, and the SBA will excuse the advance continues that are utilized to cover the procedure 24 weeks of finance costs, lease, utilities, and home loan intrigue. (Note that these terms have been refreshed to mirror the PPP...

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Economic Injury Disaster Loans: The Coronavirus Disaster Loan

Sep 09, 2020

Update on the Economic Injury Disaster Loan Program

Update on 6/30/20: The SBA has declared they will indeed acknowledge new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on account of financing endorsed by Congress. Candidates will be looked into on a first-come, first-served premise.

This financing is relied upon to go rapidly as entrepreneurs look for an EIDL credit, however, the loan of up to $10,000 that the SBA guaranteed candidates.

Outline of Economic Injury Disaster Loans for Coronavirus

The Small Business Administration's Economic Injury Disaster Loan (EIDL) program has gotten crisis subsidizing and been given extended forces from the government in light of the Covid pandemic.

U.S. entrepreneurs monetarily affected by the Covid episode can apply for an EIDL legitimately from the SBA and get working capital credits of up to $2 million. Candidates to the program can likewise get a loan of up to $10,000 inside three days of applying, which will be...

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Limited Partnership: What Is a Limited Partnership, and How to Form One

Sep 07, 2020

What Is a Limited Partnership?

A Limited organization is an association where there are two kinds of accomplices—general and restricted accomplices. General accomplices deal with the business and are mutually subject to the obligations and commitments of the business. Restricted accomplices have restricted risk for business obligations and commitments however don't effectively deal with the business.

When starting a small business or private company, your decision of business substance is one of the most significant choices to make. The choice can be particularly convoluted in the event that you start a new business with various accomplices or plan on securing speculators. The restricted organization, perceived in every one of the 50 states, is a variety of a customary association.

After the approach of the restricted risk organization (LLC) during the 1970s and 1980s, restricted associations have declined in prevalence. Nonetheless, specific kinds of organizations, for...

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Step by step Process to Incorporate a Business: Incorporation Made Easy

Sep 03, 2020

 

Incorporating is a big step in your small business’s journey. Banks, speculators, merchants, and clients are bound to pay attention to your business when it's sorted out as an organization. Besides, by virtue of the "Inc." on the end of your business' name, you and different investors will appreciate charge favorable circumstances and obligation assurances. 

 

The cycle for joining a business will vary depending on which state you're working together in and on whether you're propelling a pristine partnership or changing over another business substance to an organization. We separate the essential strides for joining—and fortunately, this isn't generally entangled! You can be fully operational as an organization in only half a month by following this means. 

 

First Up: Incorporation Defined 

 

Incorporation is the way toward enlisting your business as a partnership. Partnerships are constrained by three unique...

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The Ultimate Guide to Business Debt Consolidation

Sep 01, 2020

What You Need to Know About Business Debt Consolidation Loans

In the event that you have an existing obligation from business advances and are experiencing difficulty dealing with your installments, you might be searching for an answer for nothing up income and streamline your funds. For this situation, you may be investigating your choices for a business obligation union.

With a business obligation combination advance, you can take care of a few, littler business credits with the returns of this single obligation solidification advance. Business obligation combination credits assist you with renegotiating existing obligations and permit you to assemble the entirety of your advance installments into a solitary reimbursement plan. Additionally, past simply uniting your obligation installments into one, these advances can normally offer more ideal terms like less incessant installments and lower rates.

Along these lines, on the off chance that you need to make reimbursing your...

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Here's the reason why you should utilize a credit card rather than a debit card

Aug 28, 2020

There are four major advantages to using accessible credit.

There's nothing similar to a pandemic to make present-day customers question budgetary propensities — especially ways of managing money and whether you should utilize a Visa rather than a charge card to make ordinary buys.

With such a great amount of vulnerability around the economy, joblessness and financing costs, shoppers are presently sparing like never before: a record 33% of their salary, as indicated by information from CNBC. For setting, that is almost triple what Americans spared pre-pandemic.

While customers are storing money out of dread, they may likewise select to utilize credit rather than charge so as to clutch more trade out the present moment. For those discussing if this is the correct move, there are four major advantages Visas give that check cards basically can't.

The four greatest advantages of utilizing credit

Building credit

Additional chance to take care of expenses

Extortion assurance

...

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Leasing Business Up in July: ELFA

Aug 26, 2020

Generally speaking business volume in the equipment fund segment grew 3 percent in July to $9.1 billion, up from $8.9 billion in June, reports the Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25). The Index reports financial movement from 25 organizations speaking to a cross segment of the hardware money area.

July volume was down 3 percent from July 2019, and year-to-day total volume was down 1 percent from 2019.

Receivables more than 30 days were 2.40 percent, down from 2.60 percent the earlier month and up from 2.00 percent a similar period in 2019. Charge-offs were 0.73 percent, up from 0.71 percent the earlier month, and up from 0.37 percent in the year-sooner period.

Credit endorsements added up to 72.9 percent, up from 71.5 percent in June.

"The July information offers voice to narrative proof from ELFA individuals that, even with rising Covid-19 cases in certain regions of the nation, hardware request stays strong in certain...

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