Corb7 International December 9, 2020 Newsletter

International Business

Feature

Editor’s Note

2020 Ends … Now What?

This is the week that we lost Chuck Yeager, the legendary pilot, and Bob Dylan sold his song catalog dating back to 1962 to universal music for a reported $300 million.  Yes, folks the “times are a changing.”  2020 is finally coming to an end, but the likelihood that something magical is going to happen on January 1st when we put the worst year of most of our lives behind us is practically nil.  Therefore, it is up to us to plan now and anticipate the tide changing sometime in 2021 because it will.

For many readers of this column, it might mean making a business move now to expand internationally or gaining funding to enhance current operations.  It could also mean something as simple as setting aside meaningful time over the holidays to regroup because the reality is that this year has taken an emotional toll on us all.

Some companies have thrived during the pandemic, while others have faced unprecedented challenges. Many small businesses have been hit especially hard since the pandemic began, prompting many owners to express concerns about their long-term viability. A recent MetLife & U.S. Chamber of Commerce Small Business Coronavirus Impact Poll found that 70 percent of small-business owners are concerned about financial hardship due to prolonged closures, while 58 percent worry that they will permanently close as a result of the pandemic.

If you are an entrepreneur, be kind to yourself.  The mere fact that you have survived this year to compete in 2021 is a major accomplishment!  In the best of times, data indicates that around 20 percent of small businesses fail within the first year, and by the end of their fifth year, roughly 50 percent have closed. If you don’t own a business, please do whatever you can in support of local businesses.

Few people, if anyone, likely saw the pandemic coming, which is perhaps why the resulting financial uncertainty has proven so difficult to comprehend.  Here’s looking forward to a much better 2021 and to all of us hanging in there!

International Business

Business Psychology

Positive Thoughts for a Challenging Time!

To offer you something uplifting during these trying times,  we wanted to highlight the above video.  Tony Robins offers some thoughtful & motivating insights to keeping a positive attitude.  Hope you enjoy it as much as we did.

International Business

Business Tools

Noteworthy Professional Organizations

If you are considering the acquisition of a Swiss Trust Company for 2021 then you might want to consider membership to these organizations after gaining ownership.  Below are two professional organizations based in Switzerland that we wanted to bring to your attention.

SATC – The Swiss Association of Trust Companies 
(established 2007)
SATC link

STEP – Society of Trust and Estate Practitioners 
(established 1992)
STEP link

Lifestyle

Executive Fitness

Healthy Resolutions that are Easy to Keep!

The dawn of a new year is a great time to take stock of the year that just passed and set goals for the next 12 months. Resolutions focused on improving personal health are especially popular, and for good reason. Improving one’s overall health can have positive implications for years to come.

Even with the best intentions, resolutions have historically proven hard to keep. Simplifying health-based resolutions can lead to a higher success rate and a healthier you.

· Walk more. It is easy to get preoccupied with the “10,000 steps per day” mantra that many people follow and that certain fitness trackers promote. Walking 10,000 steps daily, which equates to roughly five miles per day, is a healthy goal, but it may not be realistic for everyone. Take stock of how many steps you currently take each day, and then resolve to walk 2,000 more. As your body acclimates to walking more, add another 2,000 steps, continuing to do so until you reach 10,000 steps.

· Learn something new about being healthy. Informed health decisions require gaining a greater understanding of your body. Rely on a reputable source such as the Centers for Disease Control and Prevention to learn more about how to be healthy.

· Spend less time on social media. Staring at your phone or tablet for multiple hours browsing tweets or checking messages might not be the best thing for your physical and mental health. Browsing the internet may take up time that could be better spent engaging in physical activity. According to Dr. Elia Abi-Jaoude, a staff psychiatrist at the Hospital for Sick Children and Toronto Western Hospital, various studies have shown how excessive social media usage can adversely affect relationships, sense of self, sleep, academic performance, and emotional well-being.

· Eat more whole foods. Whole foods, including vegetables, fruits, nuts, seeds, whole grains, and fish, contain various nutrients the body needs to function at peak capacity. These foods may help reduce the risk of many diseases and help people maintain healthy body weights. Start slowly by introducing a new whole food to your diet each day. A gradual approach is more manageable than going on a drastic diet.

· Avoid sweetened beverages. You are what you eat, but also what you drink. A recent report published in the American Journal of Clinical Nutrition found consumption of sugar-sweetened beverages, particularly carbonated soft drinks, may be a key contributor in the epidemic of overweight and obesity. Skip sweetened beverages (even fruit juices can be unhealthy if consumed in excess) and opt for more water or unsweetened teas.

· Find a physical activity you like. Rather than resolving to join the gym or signing up for a 5K because it’s what everyone is doing, find a physical activity you truly enjoy and aim to do it a few times a week. Maybe it’s a sport like tennis or recreational cycling with the family. But if the idea of a gym membership excites you, then by all means sign up.

Avoid restrictive health and wellness resolutions that can be unsustainable. By downsizing expectations and taking small steps en route to your goals, you may be more motivated to stay the course and realize your resolutions.

Lifestyle

Spirits & Cuisine

Pappy Van Winkle, the World’s Best Bourbon!

Want to offer a memorable holiday present to an important family member or business associate?   Pappy Van Winkle, may be the world’s most coveted bourbon and for a few thousand dollars a bottle, it can be yours – if you can find one.

Lifestyle

Leisure & Style

How to Celebrate New Year’s Eve in a Pandemic?

Raucous parties might not be on the docket this December 31, but that does not mean people cannot still celebrate the end of what’s proven to be a very challenging year. 

New Year’s Eve is a highly anticipated day on many people’s calendars. Social schedules tend to be busy during the holiday season, and that typically culminates on December 31, when people across the globe gather to say goodbye to one year and welcome in a new one.

Much of the world is no doubt ready to put 2020 in its rearview mirror, but New Year’s Eve celebrations will almost certainly have to be scaled back this year. The COVID-19 pandemic has changed the ways people gather socially, so traditional New Year’s Eve parties likely won’t be in the cards as the world turns the calendar from 2020 to 2021.

Raucous parties might not be on the docket this December 31, but that does not mean people cannot still celebrate the end of what’s proven to be a very challenging year.

· Don’t wait until midnight. Many people love to be around friends and family as the clock strikes midnight on New Year’s Eve. But the Centers for Disease Control and Prevention warns that the COVID-19 virus spreads more easily indoors than outdoors. So gathering around the television to watch the ball drop in Times Square as you count down to the new year may put celebrants’ health in jeopardy. If you want to gather with loved ones, do so earlier in the day and gather outdoors when the weather figures to be much warmer than it will be at midnight. A champagne toast around a backyard firepit can serve as a stand-in for midnight toasts.

· Hit the road. Travel restrictions may dictate where people can safely celebrate New Year’s Eve, but if large gatherings with friends are prohibited this year, families can plan getaways. New Year’s Eve is on a Thursday this year, and many offices will be closed on the following Friday in observance of the New Year’s Day holiday. That makes it an ideal weekend to get out of town. Many vacation rental services like VRBO and Airbnb have introduced guidelines to address health and safety concerns prospective travelers may have. Before booking a getaway, contact hosts to determine what they’re doing to make their rentals safe for renters.

· Celebrate over and over again. One unique way to see 2020 to the door and usher in 2021 is to celebrate throughout the day and night as various areas of the world officially close the book on 2020. The Pacific island nations of Tonga, Samoa and Kiribati are the first countries to ring in the new year, and they will do so at what will be 5:00 a.m. on December 31 in New York. Many countries across the globe ring in the New Year before residents of North America, so North Americans can make a day of sending 2020 into the history books and celebrate each time a new country reaches 2021.

New Year’s celebrations figure to be different as the world ushers in 2021. But there are many unique ways to celebrate that can make New Year’s Eve just as fun as it’s always been.

Business Services

Corb7 International Services

BUSINESS FUNDING:

Through our associates, we can arrange Senior and Sub-debt worldwide financing for companies who cannot obtain adequate bank financing.  Our proprietary associations and colleagues operate as an international clearinghouse, representing several hundred non-­ traditional money sources that are specifically geared to fund troubled or growing companies. These are generally non-bank lenders that provide financing to companies who cannot obtain adequate capital to further develop or maintain their businesses.

Client Profile:
Any company or entity that is unable to secure commercial financing through traditional sources particularly if funding needs are immediate. (i.e., developmental stage companies or companies with losses, negative net worth, tax liens, chapter 11, personal credit problems of principals, etc.). In general, clients will need between 1% -5% of funding request on hand.

Types of Funding Provided: 
Revolving Credit Lines
Bridge Financing
Church Loans
Purchase Order Financing
Acquisition Financing
Inventory Loans
DIP and Exit Financing
Cash Flow Loans
Real Estate Financing
Loan Guarantees
Film Financing
Conventional
Factoring
Business Start-Up Loans
Asset Based Loans
Letter of Credit Financing
Funding for Healthcare Providers
Equipment Financing
Mezzanine Financing
Equity Participation
Construction Loans
100% on Project Financing

Loan Range:
$1,000,000.00 and Up

No Upfront Fees:
We require a small retainer that will be credited against our closing fee, but only after the client has received and accepted our funding sources proposal with specific terms and conditions outlining the financing. Those terms will be based on the client’s representations made on one of our funding worksheets. The initial work that we perform on any new account is at our expense and involves an internal review and analysis of the transaction followed by further review with a specific lender/ investment firm. The lender will be selected on the basis of your industry type, geographic location, loan size, credit profile, type and mix of collateral, etc. The lender must express a defined interest in providing a proposal with specific terms, based on the representations that have been made by the client. We work on a non-exclusive basis and the borrower may choose to accept other financing or pursue other available options at a later date that would preclude a closing from occurring. In that event, the retainer will have covered our costs. This is non-negotiable.

Funding Services Fees:
We typically earn a success fee at closing of 1% to 3% on the funded amount, determined primarily by the loan size but also by the type of transaction and other factors.

To discover if you qualify: 
Please click on the following link and fill out the form at the bottom of the page:

Corb7 Global Funding