MIAMI, Nov 05, 2020 (GLOBE NEWSWIRE) – As many small businesses continue to struggle with a slower recovery, Guess & Co. Corporation has announced an extension of its Covid-19 solutions to include financing. Guess & Co. Corporation’s Covid-19 financing solutions are ideal for small businesses that generate at least $ 1 million in annual revenue and have been in business for at least 12 months, such as builders, general contractors, sub -treaters, doctor’s offices, dental offices, restaurants, hotels, motels, retailers, manufacturers, salons, transportation services, trucking companies, car dealers, farmers, child care providers, practices lawyers, accounting firms, consulting firms, franchises and many more. Guess & Co. Corporation has established a set of trusted lending partners with the ability to lend over $ 50,000,000 immediately, and as a broker, the company works with these lending partners to immediately obtain financing for its clients. . Loans range from $ 100,000 to $ 2,500,000 for unsecured business financing. The typical loan amount will be the equivalent of 7-10% of a business’s gross annual income. For example, a business generating $ 1,250,000 in annual revenue will generally qualify for an unsecured business loan of $ 125,000. Most loans have terms of 6 to 12 months and require daily or weekly payments. Loans are similar to a business credit card and interest rates can be as high as 6% per month depending on the history of the business. Businesses are licensed even if they have outstanding bank loans. Guess & Co. Corporation has a 99.9% approval rating for its clients. Approvals are generally guaranteed within one business day and loans are funded the day after verification. Customers benefit from a simple, hassle-free process that requires them to submit standard documents such as bank statements and tax returns via email with a two-page request. Unsecured funding can be used for working capital to cover payroll, buy inventory, etc. Unlike the federal government’s Paycheck Protection Program (PPP), the loans provided by the lending partners of Guess & Co. Corporation have no restrictions, the funds can be used for any business purpose.
In addition to unsecured commercial finance, Guess & Co. Corporation offers commercial real estate finance, including refinancing / cashing out owner-occupied commercial properties. Commercial real estate finance loans range from $ 100,000 to $ 40 million. Equipment financing is offered from $ 100,000 to $ 100 million. Accounts receivable funding is available from $ 1 million to $ 10 million. Guess & Co. Corporation also provides specialist financing for high-end diamond dealers and jewelers, ranging from $ 1 million to $ 100 million, which can be provided within days through its lending partners. For clients with art collections, Guess & Co. Corporation will also provide art funding through a trusted lending partner and funding is available up to $ 250 million.
Guess & Co. Corporation provides a “white glove” level service to help clients obtain financing. Senior management oversees a team that works closely with the client to identify the best financing scenario and the client is kept informed. Customers are encouraged to borrow sensibly and responsibly, and the team at Guess & Co. Corporation works with customers to put together a workable repayment plan. Customers are also introduced to other products and services provided by Guess & Co. Corporation which will help them grow their business both in terms of revenue and profitability. “We were tired of reading about businesses that were going bankrupt and we decided to put in place a set of programs to do something and help businesses survive and thrive in these uncertain times,” said Jerry D. Guess, Founder, President and CEO of Guess & Co. Corporation. The company has invested more than $ 250,000 in community outreach efforts to educate businesses on available solutions. More recently, Guess & Co. Corporation has broadcast 60-second radio commercials in select markets across the United States to advertise funding programs available to it through its lending partners. The company has also launched a social media campaign, “No Stimulus, No Problem”. “Our company is trying to let all the businesses know that we are ready to help them, we are really a phone call away and they are a phone call away from having capital when they could really use it. most. Said Michelle Stewart, vice president, president, chief operating officer and chief financial officer of Guess & Co. Corporation. The company’s senior management team also includes Mandy L. Hall, who is Senior Executive Vice President, Chief Executive Officer and Global Managing Director. Ms. Hall is responsible for overseeing client relationships and overseeing the client relations teams who work directly with the company’s clients.
About Guess & Co. Corporation
Guess & Co. Corporation is an emerging global stewardship solutions company with four main business units: energy, healthcare, technology and real estate. The company has more than ten secondary businesses, including commercial loan brokerage, compliance, intelligence, security, commodities, asset management and others. We work in partnership with communities, businesses and governments to improve the well-being of people. Guess & Co. Corporation is a registered contractor with the US government to provide solutions to federal government agencies and members of our company have active top-secret / SCI authorizations. We are based in Miami, Florida with offices in Overland Park, Kansas and Cary, North Carolina. Guess & Co. Corporation was founded in August 2017. The management team of Guess & Co. Corporation has over 50 years of combined experience.
The photos accompanying this announcement are available on:
A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/42d0d88f-0fec-4755-bf36-949f3720915d