CMO Chris Panebianco sits down with Mike Willauer, Director of Client Services of Compass Financial Group, LLC, to hear firsthand how COVID-19 has had an impact on financial advisors. Willauer, who owns his own practice, shares his experience and how he was able to quickly adapt his business to ensure he could continue serving his
COVID-19 has had a drastic impact on the daily lives of business owners, employees, and their families. To help ease the burden of navigating sick leave and childcare during this time, new tax credits have been introduced by the US Government. These credits are designed to help business owners take care of employees and their families while maintaining their businesses during this crisis.
Municipalities throughout the United States are beginning to lift restrictions for businesses across sectors. As medical practices, dental practices and many small businesses are preparing to reopen, they also have a unique set of challenges to overcome. Here are solutions to some of the top financial challenges of the moment.
BHG CMO Chris Panebianco sits down with Jacob Revercomb, DDS, DICOI of Revercomb Dental Group in Manlius, New York to hear how the COVID-19 pandemic has disrupted dental practice operations. Dr. Revercomb shares the challenges his practice has faced, and the steps he took to reopen his office in a safe, efficient manner and serve
Question: What does the new Employee Retention Tax credit mean for small business owners? Answer: An opportunity for immediate tax relief for businesses struggling to make payroll due to COVID-19. Across nearly every industry sector, COVID-19 has forced business owners to navigate unprecedented operational circumstances. Many are seeking answers to questions regarding the welfare of their employees, and the
As a busy professional, the last thing you should worry about when applying for a loan is the negative impact it’s going to have on your credit score. Whether you’re looking to consolidate debt, take advantage of a business opportunity, or simply improve your cash flow, the only thing you should be focused on is how quickly you can get the funding you need. But if the lender you’re
Question: What trends and challenges are emerging across the dental industry, and what financial resources are available to help dentists reopen? Answer: Dental practices are among the hardest hit by COVID-19-related shutdowns, and while relief efforts are being made, financial options can help bridge the gap in the meantime. State of the Industry Dental professionals make up nearly 36% of the 1.4 million healthcare workers
There are many different reasons why you might take out a loan. You want to consolidate debt. Increase cash flow. Start a new business. Or even take control of your personal expenses. For every “use of funds” out there, is a lender who offers a slightly different solution to help you achieve your financial goals. That’s why it’s important
Question: What do I need to know about filing 2019 taxes in the wake of COVID-19? Answer: Some major tax filing deadlines have changed, while quarterly deadlines have stayed the same, and both may affect individuals and business owners alike. Nearly every area of American life and business has been disrupted by COVID-19, and Tax Day 2020
It can take some lenders weeks to review a loan application, negotiate the terms of approval, and have the money transferred into your account. Each day spent waiting for your application to be processed, a credit decision to be reached and funds to be allotted represents a substantial opportunity cost for you. That’s why one of the first questions you should
We’re facing unprecedented times. Businesses are grappling with how to respond to the COVID-19 pandemic as it threatens their day-to-day operations, and their livelihoods. Some are unable to operate unless employees can work safely and remotely, while others are being forced to limit their services and follow strict operational guidelines that are throttling typical revenue. Although business owners and their employees may both be struggling to remain financially secure, there are a number of financial resources
A credit score is considered one of the most important aspects of a professional’s financial health. That number—FICO scores anywhere between 300 and 850, and rates from Poor to Exceptional—has a tremendous impact on an individual’s ability to borrow. Your credit score often contributes to other important factors in borrowing like amount, interest rate, and
As Chief Credit Officer at Bankers Healthcare Group, I’ve spent over a decade analyzing the financing needs and behaviors of healthcare professionals. Based on that experience, I know that combining multiple high-interest debts into single loans not only helps doctors improve their credit scores. Selecting the right program at the right point in your career
I know doctors, sometimes better than they know themselves. That is, at least when it comes to their financing needs. As President of the Lending Division at Bankers Healthcare Group, I speak with healthcare professionals every day about funding. You see, a doctor, really most healthcare professionals, have unique needs and expectations that are dramatically