SBG Newsletter – August 2019

Welcome to the SBG Newsletter – August 2019


 

A word from our CEO Jeff Sachs

“There’s something about seeing the calendar change from July to August that makes me want to take a step back and reevaluate my business goals for the remainder of the year. Knowing that September is almost here and the summer is winding down gives me a renewed sense of motivation and reflection. Don’t get me wrong, I love the summer and want to savor every last drop of sunshine August has to offer, but come September I always feel the need to sit down, think about my goals, and gear up for the next quarter.

You may have heard people say that September is new the January. I couldn’t agree more. Come September, schools are back in session, the summer is officially over, and routines are reestablished. It’s the time for fresh starts and an opportunity to wipe the slate clean and set new goals for your business. In order to set your business up for success, try these tips for setting and achieving your September goals:

    1. Think about both short-term and long-term goals and break your goals down into smaller bites
      Short-term goals should be relatively easily attained in the coming months. Long-term goals will take a longer time to achieve, but breaking them down into smaller pieces makes them easier to tackle. This enables you to take small steps towards achieving your company’s goals each day without losing sight of the big picture.
    2. Set clearly defined, concrete goals
      Simply stating you want to grow your company is not a specific goal. A better, more concrete goal would be saying you want to open 2 more branches in the U.S. by the end of 2021. Having a more specific goal will give you direction and allow you to plan for all the necessary steps to reach that goal.
    3. Work hard, but be realistic
      You have to put in the work to get your business where you want it to be. But, you also need to be realistic about reaching your company’s goals and the time that it will take you to get there. Be honest with yourself about what your business can achieve. It’s ok to push yourself, just remember to make your goals realistic and attainable.”

Best Regards,
Jeff Sachs

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SBG Funding Helps Struggling Florida Restaurant and Bar Secure Funds


When a popular restaurant and bar in Florida was struggling with their cash flow, the owner decided to reach out to SBG Funding for help. Account Executive Jake Rotman explains, “The restaurant had taken out a high interest rate loan with a different lender. The owner was really struggling to stay afloat. Cash flow was extremely difficult with his short 12 month loan and he needed to consolidate asap. In addition to the cash flow problems, the owner also wanted to build a dock for his restaurant before the busy summer season started, but couldn’t afford to get the project started. With a short window of time to get the dock project completed, I acted quickly to get this owner the funds he so desperately needed. He had a $90k balance on his current loan and we were able to get him $190k with him netting $100k on an 18 month option within a few short days. Our longer term option not only freed up cash flow, but also allowed him to start with his dock build right away.” SBG Funding understands that growing your business is key. We help businesses meet their short term needs, while creating a long term financing strategy. If you are in need of financing for your business, contact one of our funding specialists here to see how we can help.