Transworld Business Advisors
To: All of our Clients and Friends
From: Jonas Seyppel
Subject: COVID 19
First of all we want to send our sincerest wishes that you and your family are safe and well during this time
Secondly we want to let you know that we are here to assist you with questions and concerns related to your business. The worst thing you can do in this crisis is become paralyzed. We would be happy to meet with you, your financial advisors, accountants or attorneys to discuss action plans. Some of the things we can help you with include:
SBA loans - We have made contacts with lenders who have access to SBA loans under the recently passed Federal Legislation- The “Cares Act”. These loans are available to small business that have employees.
SBA Disaster Loans – we can assist you with applying for these loans which are available in all 50 states. There are loans that offer advances of up to $10,000 that likely will not have to be paid as well as loans of up to $2 million at interest rates starting at 2.75 % per annum.
Valuations- we can perform Broker Opinion of Value (BOV) services. The BOV can provide you with an independent assessment of the value of your business and can be used to assist you in evaluating your alternatives as you consider financing alternatives, including how much to borrow. If you had been considering to sell your business, the BOV can help you evaluate whether to wait it out or sell in these uncertain times. And finally the BOV can help your financial advisors assess the impact of changes in valuation on your financial plan.
Consultations with Financial Advisors- we often are asked to meet with financial advisors, accountants and attorney’s to reassess current business or personal financial plans and pursue alternatives that mitigate the effect on current financial plans. These mitigation strategies include business response plans, revisions to estate/trust planning strategies, reassessment of life insurance policies and other business and personal financial matters.
Listings – we have buyers and sellers that are still active in the market. We can assist with you accessing these buyers and sellers who are still interested in buying and selling a business in these uncertain times
Please call us at 914-705-5470 to schedule a free consultation.
Wishing you a safe and speedy response to this crisis.