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Bridgeway Savings

Business & Insurance Solutions


Financial Solutions for Hospitality Industry During the COVID-19 Crisis

| March 17, 2020
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With the current unprecedented financial challenges facing Hotel and Restaurant Owners we are waiving all business consulting fees and providing Emergency Relief for Business Owners.

We have also identified the following financial benefit opportunities capable of cutting costs and increasing cash flow for business operations. These recommendations have both short term, and long term, positive financial benefits.

(1) If you have owned your commercial building less than 20 years, or had significant renovations in the past 10 years, you need to take advantage of specialized Commercial Building Tax Credits. This can mean “hundreds of thousands” in tax relief providing needed short term increase in cash flow.

(2) For additional short and long term cash needs we have access to over 150 lenders including hedge fund and bridge with an extensive variety of loan programs for your business

(3) The CARES Act expands the availability of small business loans under Section 7(a) of the Small Business Act to include the new Paycheck Protection Program. The proceeds of these loans may be used for payroll costs, mortgage interest, rent, utilities and interest on certain other debt. Up to 100% of these loans may be forgiven, subject to certain restrictions.

Eligibility includes any business with fewer than 500 employees including Sole Proprietors. The requirements to provide collateral and a personal guarantee have been waived. Interest rates may not exceed 4%. The maximum amount to be borrowed cannot exceed $10 million or 2.5 times the average total monthly payroll.

(4) There are numerous hiring incentive and employee tax credits available. Let our experts work with your tax professional for implementation. Our software will search hundreds of federal, state and local tax credits in real time – every time.

(5) Experience immediate savings and preservation of capital with Onsite upgrading for energy efficiency cutting utility cost without capital expenditure and without incurring debt. Savings are immediate without anything out of pocket, and no debt will be added to your balance sheet.

(6) With technology innovation and carrier competition you can easily reduce your phone bill. If you are paying more than $17.99 per phone line per month you are paying too much! We shop for the best solution for you. It is often possible to separate the phone charges from the Internet Carrier. We can also evaluate your Internet Carrier shopping for a better value and service.

(7) Reduce your Merchant Account bill with Credit Card Merchant Account Auditing. There is no fee unless savings are realized. When savings are realized the Auditing service participates with you in the savings.

We invite you to take just a few moments to review with us these special financial benefit opportunities. You will never get a bill from Bridgeway Business Solutions. Call (513) 752-2393 or Text (410) 937-9933 to book your no-obligation review which can be done online with virtual communication.

 

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