The Private Venture(s)
is home to the GestaltRoni Project & Fund
What is the GestaltRoni Project?
The project is a project designed to eradicate poverty and create permanent employment for the average person in a city near you.
Support The Economy
The Fed on Wednesday committed to using its full capability to support the economic recovery. The central bank will continue buying Treasuries and mortgage-backed securities, as it has “at least at the current pace to sustain smooth market functioning.” A separate statement on Wednesday noted those figures at $80 billion of Treasuries a month and $40 billion of mortgage-backed securities.
Officials see rates remaining very low through 2023, according to the median projection of their quarterly forecasts, though four officials penciled in at least one hike in 2023.
The Path Ahead
“The recovery has progressed more quickly than generally expected,” Powell said, while cautioning that the pace of activity will likely slow and “the path ahead remains highly uncertain.”
In addition to cutting borrowing costs in March, the central bank has pumped trillions of dollars into the financial system through bond purchases and launched a number of emergency lending facilities to keep businesses afloat (reference the “CARES Act” or the “Act”). The economy has partly recovered from the steepest downturn on record and some sectors such as housing are doing well, but Covid-19 continues to kill thousands of Americans each week, unemployment remains high and industries like hospitality and travel are depressed.
An exert from a larger article/publication.
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On March 27, 2020, President Trump signed an extensive $2 trillion piece of legislation called the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”). This legislation addresses the severe impact of the coronavirus (COVID-19) pandemic. The legislation provides specified conditions for:
- Loans and assistance to companies and state and local governments
- Low-interest and small business loans that can be partially forgiven
- Payments to individual taxpayers
- Additional unemployment benefits
- Suspension of certain federal student loan payments
- Financial hardship forbearance on federally backed mortgage loans
- Assistance to hospitals and veterans care
- Funding for national stockpile of pharmaceutical and medical supplies
- Tax relief provisions.
Individual Rebate Checks
The Act provides recovery credits for eligible individuals of up to $1,200 for single filers (and up to $2,400 for joint filers), plus a $500 credit per qualifying child. Rebates are subject to phase-out thresholds beginning at $75,000 of adjusted gross income (“AGI”) for single filers/$150,000 for joint filers. Rebates are not available for single filers with AGI over $99,000 and over $198,000 for joint filers. AGI is generally based on 2019 return information (or 2018 information if a 2019 return has not yet been filed).
Retirement Plan Waivers
The Act waives the 10% early withdrawal penalty tax (under IRC Sec. 72(t)) on early withdrawals up to $100,000 from a retirement plan or IRA for an individual who is diagnosed with COVID-19; whose spouse or dependent is diagnosed with COVID-19; who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.
Paycheck Protection Program Loans
To help small businesses and their employees, the Act provides loans to small businesses. These loans apply to any business that employs less than 500 employees or, if applicable, the amount set by the Small Business Administration for the business industry. For these loans, the definition of small business includes sole proprietorships and independent contractors.
The maximum loan amount is 2.5 times the average monthly payroll costs incurred in the previous year ending on the date of the loan or $10 million.
Employee Retention Credit
The Act provides a refundable payroll tax credit for 50% of “qualified wages” paid or incurred by eligible employers to employees after March 12, 2020 and before January 1, 2021. The credit can be claimed on a quarterly basis. The credit is available to employers carrying on a trade or business during calendar year 2020 and whose (i) operations are fully or partially suspended due to a COVID-19 related shutdown order or (ii) gross receipts decline more than 50% as compared to the same calendar quarter in the prior year. Tax-exempt organizations are eligible where their operations are fully or partially suspended due to COVID-19.
Delay of Payment of Employer Payroll Taxes
Employers and self-employed individuals are allowed to defer payment of Social Security (Old Age, Survivors, and Disability Insurance) taxes for the period from the date of enactment of the Act through December 31, 2020. All of the employer portion of the Social Security tax and 50% of such taxes incurred by self-employed persons qualify for the deferral. Half of the deferred tax is to be paid by December 31, 2021; the other half is to be paid by December 31, 2022.
Net Operating Losses
Under the Act, a net operating loss (“NOL”) arising in a tax year beginning in 2018, 2019 or 2020 can be carried back for five years. It also allows for NOLs arising before January 1, 2021 to fully offset income.
It is important to note that many of the provisions of the Act may require the filing of additional forms to amend previously filed tax returns and individuals and businesses will still need to take state and local tax considerations into account. Contact jason@bovellfinancial or (212) 332-1660 for questions about the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”).
Any questions otherwise contact email@example.com before I take off.
The US Senate published a terrific resource outlining the various relief programs available to U.S. Small Businesses.
Best summary they say to date. #read
Recently Pre-Approved COVID-19 Relief Loan
Loan structure is designed to limit payments for businesses with little to no cash flow as a result of the pandemic.
Contact Kinetic Cap Mgt
LESSON ON CONSISTENCY
For years, my friend’s wife would buy him a particular fragrance of Gucci cologne. It was accompanied by the adjacent body wash etc. This sets the platform to discuss my lesson on consistency. How often have you heard someone announce, “be (more) consistent”?
Over my time, that phrase has anchored so many dialogues, I refuse to count or recall. In my case, I personally have the ex-girl friend who in most times of crisis she would interject, “you need to be more consistent,” and for extended periods of time I genuinely tried to link the concept to the current debatable situation. Which to this day has shaped my ideology in regards to the concept of being consistent. Think with me, consistently right or wrong or in the details, we make a choice to do things a certain way either with or without perfect knowledge of our choice being the best or even right.
Contrary I reference my friend’s situation involving cologne. Beyond my cheap Gucci plug in reference to its old classic scent and formula, my friend consistently bathed and groomed himself, which was the prerequisite to applying the scent or balm to areas of his body; after years of repeating this sequence, it perfectly illustrates “consistency” for me. Over the years, my friend’s body began to not only take on the scent, but it began to manifest an odor of the same or adjacent to it. In summary, over time, whether he applied the Gucci brand products or not, my friend’s body produced a similar scent to that of Gucci. Verified by the women who made the majority of the purchases, while they dated and even to this point now as married people to each other years ago.
Accordingly note the residual effect of buying and applying something that after making decisions to repeat over and over again, becomes part of your person, both with as well as without the product you once purchased as a primary catalyst. Seemingly a great exercise of consistency, verses consistently doing something over and over again and finding yourself figuratively steering to correct and or debating at various dead ends.
This is from Curtis Christopher’s MassTranChron
What is a WORKING CAPITAL LOAN?
Working Capital Loans are loans that are taken out to finance the day-to-day operations of a business, rather than a financing option that is used to grow a business through acquisition or buy long-term assets. These loans cover short-term operational needs such as payroll, rent, and debt payments.
Companies do not always have adequate cash on hand or asset liquidity to cover day-to-day operational expenses and thus, will secure a loan for this purpose. Companies that have high seasonality or cyclical sales usually rely on working capital loans to help with periods of reduced business activity.
The immediate benefit of a working capital loan is that it's easy to obtain and lets business owners efficiently cover any gaps in working capital expenditures. The other noticeable benefit is that it is a form of debt financing and does not require an equity transaction, meaning that a business owner maintains full control of their company, even if the financing need is dire.
Some working capital loans are unsecured. If this is the case, a company is not required to put down any collateral to secure the loan. However, only companies or business owners with a high credit rating are eligible for an unsecured loan. Businesses with little to no credit have to secularize the loan.
A working capital loan that needs asset collateral can be a drawback to the loan process. However, there are other potential drawbacks to this type of working capital loan. Interest rates are high in order to compensate the lending institution for risk. Furthermore, working capital loans are often tied to a business owner's personal credit, and any missed payments or defaults will hurt his or her credit score.
WORKING CAPITAL ADVANCES?
A working capital advance, also known as a Merchant or Business Cash Advance, is not considered a loan. It is an advance of cash on your future credit card receivables, also referred to as a Revenue Generation Loan. For this reason, there is no APR rate and no set repayment terms. There is only a set payback amount. A flat fee will be charged to you for the advance. In most cases, these short-term working capital advances have a term of between three and twelve months.
Why choose a WORKING CAPITAL ADVANCE?
A working capital advance is ideal for a business owner who has had trouble obtaining funding from a traditional bank due to poor personal credit or lack of time in business. A working capital advance places less importance on these factors. However, they are deemed to be a high-risk advance and because of this the cost of capital will be higher.
A working capital advance can be a great way to finance your holiday inventory, as chances are that you’ll need cash immediately, and working capital advances can get approved quickly. You don’t have to meet with a business manager and assemble all your business documents in triplicate—and you definitely don’t have to wait a month for the bank to get back to you about your approval. Repayments are made either daily or weekly via a business’ merchant processor or via a daily ACH debit from you company bank account.
Working capital advances don’t affect your business credit limit, either. If an emergency happens, you can still turn to your credit cards or bank to find your way out of a struggle. These advances don’t cap your limit.
Why would you want a WORKING CAPITAL LOAN?
A working capital loan can help when a company is in a squeeze and needs funding for short term goals. It costs less than a working capital advance, because more qualifications are required; a higher credit score, longer time in business and superior annual revenue. Such a loan also has more standard repayment plans and offers more flexibility compared to an advance.
Working capital is the difference between your business’s current assets and liabilities. Assets may include accounts receivable, inventory, and cash on hand. Liabilities may include accounts payable and any payments on business debts due in the next 12 months.
These short-term loans aren’t meant to solve all your problems. They are a stopgap to prevent the problem from getting any worse—and then allow you a pathway to working your way out of that debt.
Social dynamics is a term derived from the idea of the change in the behavior of an individual due the influence of those around him in a group. An important factor or combination of skill, communication is a two-way process that enables you to exchange your thoughts, notions, and opinions with each other. It is very important to realize the dynamics of social behavior within your surroundings and or setting and improve the way you communicate with different people.
A. Verbal Communication
Verbal communication skills are required daily. The way you talk is an insight into your skills and your personality. When your words are confident, it leaves a great impression on the other person. The skill of clarity in speech, careful selection of words, voice modulations, responsiveness, and considering your audience will impact your communication personally as well as professionally. It is also necessary to be able to articulate your thoughts, the primary way you express an opinion within social settings.
B. Interpersonal Communication
Interpersonal communication is another type that is essential in today’s world. Getting the right balance of verbal and non-verbal communication is paramount, no matter which setting you're in. On a personal level, it is essential to build relationships with your family or the significant other. And in your professional life, interpersonal communication is necessary to showcase your skills as a good employee and a good leader. i.e. you are in a meeting where you stare at your watch frequently. This signals the counterpart that you are less (not) interested and have something more important elsewhere.
C. Visual Communication
When it comes to communication mediums, visual communication is the strongest medium in our current era. i.e. a strong logo is a great way for a brand to communicate with its followers or clients. A great example of visual communication are pop-ups while playing a game, showing the necessity of visual communication within a successful marketing strategy in regards to any business.
Apart from the three main modes of communication, listening is also an important way of communicating. i.e. in an interview, if a candidate does not hear the question properly, he/she won’t be able to answer it thoroughly or well. Hence, developing listening skills is an essential aspect of improving your communication skills.
E. Formal/Informal Communication
When we talk about formal communication, it has a great impact on any organization/business. Reports, e-mails, proposals, etc., are used for formal communication and creates a professional work ethic. Informal communication, on the other hand, allows people to put forward their concerns, discuss problems or solutions or bounce around creative ideas. Communication done informally considers the feeling of others and thus, is a vital part of all social situations.
Communication is an inescapable part of life, whether it is in a formal or an informal setting, in an office or at home. Navigating social dynamics requires a range of communication skills and ideas expressed above, making note of the terms and concepts mentioned, will help you understand how to communicate more effectively.
Promoting "inclusiveness and diversity" within your organizational conduits constructs an open-minded, global organizational culture. Helping colleagues, clients, and customers around the world, better understand each other manifests an interesting and personally enriching environment for everyone. Diversity can take many forms, from culture and nationality to gender, race, sexuality, educational background, and more. Whatever your current role, here are five strategies you can implement right away to promote diversity in general.
1. Commit to boosting your own cultural competency
2. Actively seek out new perspectives and ideas
3. Treat others how they want to be treated
4. Observe diverse traditions, celebrations & holidays from other cultures
5. Contribute to the cultural diversity of your own groups & organizations
The First Fund is the, “GestaltRoni Project"
Designed for tentative release into operation, fourth quarter 2019-early 2020.
"THE GESTALTRONI PROJECT"
And so it begins, (4th Round is open!) share your dream with FasterCapital and begin working on fulfilling it. FasterCapital invests 50% of the money you want to raise (between USD 20k to USD 2 millions). Please apply and tell your friends.
RP: Curtis Christopher Wragg
DO YOU HAVE A PAYDEX SCORE?
The exact definition from Dunn & Bradstreet, or D&B is: The D&B PAYDEX® Score is D&B’s unique dollar-weighted numerical indicator of how a firm paid its bills over the past year, based on trade experiences reported to D&B by various vendors.
There are many BIG differences from a business Paydex credit score and an individual FICO credit score.
Consumer FICO credit scores range from 350-850. The Paydex Score ranges from 0-100 with 100 being the highest score you can obtain.
Having a Paydex business score of 80 or higher is very good, as scores below 70 are very bad.
Individual credit scores are calculated based on a number of factors. The Paydex score is calculated based on only one single factor; whether a business makes prompt payments to its suppliers and creditors within the agreed upon terms of payment.
For example, prompt payments will produce a Paydex score of 80. A 70 score reflects paying 15 days behind, 60 score is 22 days behind, a 30 score reflects paying 90 days behind, and a 20 Paydex reflects paying bills 120 days late.
If you own a business, your Paydex score is essential in establishing new credit and continuing to build credit limits exceeding $100,000.
Reference Pinnacle Business Service SC
OCTOBER INTERCHANGE 2019 ANNOUNCEMENT
Visa, MasterCard, American Express and Discover associations periodically review and modify their interchange rate structures and billing strategies. Specific association modifications are beyond the control of independent processors and will affect all merchant card processors and their customers. Visa, MasterCard, American Express, and Discover card associations have announced changes to their programs and rates effective October 2019.
Visa, MasterCard, American Express and Discover are making several changes to interchange programs and rates effective for October 2019. Details of these changes will be available at a later date.
Visa is updating their Global Private Label Specialized Fee Program.
MasterCard is updating their Consumer and Commercial Product Codes for interregional and intraregional Refunds/Returns.
MasterCard is updating certain interchange rates.
MasterCard will be life cycling certain interchange categories from qualifying under IRD 62 and IRD 67 in the US Region.
MasterCard is making changes to the following programs:
STAR is increasing the Merchant Location Participation Fee assessed annually from their current $12.00 Fee to $16.00.
I In order to meet the required 30 day notification of increases and changes to merchants, the following statement message will appear on all August statements for some processors delivering to merchants early September.
Effective October 2019: Visa, MasterCard, American Express, and Discover Card Services are introducing new (and modifying current) interchange structures and association processing program fees. Details surrounding these changes will be addressed on your September 2019 Merchant Statement.
The Following will be included on active PIN debit merchant statements: Several PIN Debit Networks charge annual participation fees to access their processing networks. Effective in 2019, the ACCEL Network annual fee is $12.00, the PULSE Network annual fee is $12.00, the NYCE Network annual fee is $14.00, and recently announced, the STAR Network will increase its current fee from $12.00 to $16.00. Annual billing of these fees will occur as follows: the ACCEL Network fee will be billed annually starting in October 2019, the PULSE Network fee will be billed annually starting in April 2020, the NYCE Network fee will be billed annually starting in August 2020, and the STAR Network fee will be billed annually starting in October 2019. These annual fees will be collected from your merchant account for access to these PIN Debit Networks.
Information is also by TSYS
Find the right loan product HERE
Loan Type Comparison: A Merchant Cash Advance, or MCA, is the agreement between a merchant and a lender to allow for smaller payments on an amount borrowed, rather than larger payments over a longer period of time. In this agreement, merchants essentially "sell" a percentage of their debit/credit card earnings to the lender. The lender is not a bank. Hence, they are not subjected to laws surrounding loans because the MCA is not technically a loan. Lenders can charge different interest rates than banks because of this.
A Term Loan is also a set amount loaned to a borrower, however, banks typically provide these loans. Unlike MCA's, these payments are not daily. Also unlike MCA's, the payments are a fixed amount on a fixed schedule. MCA's are different payments every day based daily revenue of a merchant. Term loans are usually fixed on a time period in various proximity to five years. Term loans are not based as much on financial assets like MCA's. Instead, the payments are often attained through the income produced by products that a business or merchant uses like machinery.
MESSAGE FROM FASTERCAPITAL
Considering the vacation season that came during the 3rd round of funding, FasterCapital would like to extend this round for more 10 days to enable startups that didn't submit yet to start their journey with our firm. So if you know any startup that didn't have the chance yet to apply to the incubation program, please ask them to apply: HERE. FasterCapital is ready to invest up to 2 million USD in each startup.
If you also know incubators who might be interested in a partnership with FC, then we will appreciate if you can introduce them to us.
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Follow link to the website sign-up to reduce your expense and/or become a patron of our movement.
[Referral: Curtis Christopher W A7743350]
Mergers & Acquisitions
In the arena of business finance, mergers and acquisitions involve the management and strategy of purchasing or joining with other companies. Acquisition is one company taken over by another, and mergers are the combination of two companies to form one. Both are used to expand a company's reach by creating shareholder value or gaining market shares.
Contact Bovell Financial today and find out if your investments can be combined to create a more efficient business model through mergers and acquisitions.
What's the Difference Between Mergers & Acquisitions?
Although the term “mergers and acquisitions” is often used to describe various restructuring strategies, the two words refer to different business activities. Acquisitions occur when one company purchases another, eliminating them as an independent entity. In certain situations, these activities can appear hostile, so they are called mergers to get rid of any negative connotations. A true merger is when two equal companies decide to join resources and interests and form a single entity under one corporate name.
Bovell Financial provides support services for merger and acquisition transactions including:
• Evaluating and addressing finance issues
• Risk management
• Business valuations
• Due diligence for operations, cash flow management, and accounting
• Transaction structuring for profitability and competitiveness
• Post-transaction activities
Types of Mergers
Mergers can be structured in different ways, depending on the relationship between the companies involved.
Horizontal Merger: Both companies involved in the merger are based in the same industry and sell similar products or services. They may be competitors, so the idea is to alter this balance so together they increase the market share and avoid challenging each other.
Vertical Merger: The companies are still in the same industry, but their products or services occupy different stages in the supply chain. As they merge, they capture more of the market, cut cost and inefficiencies, and keep the supply flow steady.
Concentric Mergers: This is between two companies in different industries and designed to improve each company's effectiveness in different areas and markets.
Market-Extension Merger: Usually occurs between two companies that offer the same products or services but in different markets. By combining resources, they grow their base and target market.
Product-Extension Merger: The companies sell related products or services in the same market and can gain access to more consumers by grouping their offerings. They use similar supply chains, and processes, and their products complement each other.
Benefits of Mergers & Acquisitions
The main benefits of most restructuring actions is an increase in cost efficiency, value generation, and market shares. As companies integrate to form bigger organizations, the output of productions rises and increases the opportunity for lowering the cost per unit in production, creating value that helps sell products and services to customers. With better cost efficiency, the company becomes more competitive, driving up market shares. Higher stock prices ensure that the company will have the investment capital they need to fund future operations.
If you are searching for a technical cofounder and an investor then search no more! FasterCapital's will become your technical cofounder and will invest 50% of the capital needed. FasterCapital's 3rd round of funding is open from 15th of Jul to 15th of Sep. This round is dedicated to non-technical entrepreneurs who are seeking money and a technical co-founder. For those who are interested please submit your startup on HERE to be included in the incubation program. If you want more information then please check the information on HERE and we are ready to answer any question you have. Please note that Curtis Christopher Wragg is our USA Regional Partner, note and be advised during the application and adjacent processes.
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