BT Capital Group, LLC

BT Capital Group supports Amego on $16.5 million bond to buy housing for people with disabilities.
https://www.massdevelopment.com/news/16.5m-buys-housing-for-people-with-disabilities/

$16.5M Buys Housing for People with Disabilities BOSTON – MassDevelopment has issued a $16.5 million tax-exempt bond on behalf of Amego, Inc., a nonprofit serving individuals with autism spectrum disorders and other developmental disabilities. The organization will use proceeds to buy 16 residential facilities it currently leases and operates in...

For my son Alexander’s 17th birthday, he wishes to use his birthday gift funds to purchase backpacks for the children at The Whole Child. Please join him to support this meaningful mission. Thank you. 🎒🎒🎒🎒

https://gofund.me/d523521d

Backpack Drive for The Whole Child, organized by Alexander Pan For my seventeenths birthday, I would like to ask you to join me in supporting The Wh… Alexander Pan needs your support for Backpack Drive for The Whole Child

BT Capital Group supports Amego on a $30 Million bond for student housing.
https://www.massdevelopment.com/news/30m-for-amego-student-housing/

$30M for Amego Student Housing MassDevelopment has issued a $30 million tax-exempt bond on behalf of Amego, Inc., a nonprofit serving individuals with autism spectrum disorders and other developmental disabilities. The organization will use bond proceeds to build and equip six new residential facilities on a 52-acre parcel at Lot...

BiddingOwl - San Gabriel Valley Foundation for Dental Health Auction Welcome to our long-awaited, re-scheduled Lights, Camera, Auction! fundraiser supporting the San Gabriel Valley Foundation for Dental Health. 

Tomorrow, September 13, BT Capital Group is proud to sponsor Oral Pathology for Everyday Practice: Common Pathology and Interesting Cases, a dental CE course presented by Dr. Elizabeth Andrews, Associate Professor and Associate Dean for Academic Affairs at Western University of Health Sciences, College of Dental Medicine in Pomona, California. The course is hosted by the Chinese American Dental Society of Southern California (CADSSC) and open for CADSSC members and non-members.

BT Capital Group is proud to sponsor Essentials of 2D and 3D CBCT Radiograph Interpretation with Application of 3D Imaging in Dentistry, a dental CE course presented by Dr. Setareh Lavasani, Board-certified Oral & Maxillofacial Radiologist, Associate Professor, and the Director of Oral Radiology & Advanced Imaging at Western University of Health Sciences, College of Dental Medicine in Pomona, California. The course is hosted by the Chinese American Dental Society of Southern California (CADSSC) and open for CADSSC members and non-members.

To register visit, https://www.eventbrite.com/e/oral-radiology-tickets-115614737793

BT CAPITAL GROUP, LLC
Getting through this together

Good morning everyone. Most of you woke up this morning to the headlines that the $350 Billion PPP program has run out as of last night. It lasted a total of 12 days. Many of you may not have received your share of the PPP funding requested. The statistics show that only 1.4 million out of a total of 30 million eligible businesses were approved and funded. Don’t despair. Currently, there is a bill in congress to add an addition $250 Billion to the PPP program which hopefully will be approved in the coming weeks. In addition, the Federal Reserve has announced a new Main Street Lending Program, which is different than PPP, geared towards stabilization and growth capital for companies. Hopefully congress approves these two funding measures quickly as well as removes some bank regulations on “troubled loans” to allow all of us to receive the capital we desperately need.

Stay safe, stay healthy, and enjoy the time with your family and love ones. We will all get through this together.

BT Capital Group

https://finance.yahoo.com/news/349-billion-ppp-coronavirus-loan-program-for-small-businesses-runs-out-of-money-in-13-days-143606277.html

The $349 billion coronavirus loan program for small businesses is out of money after 13 days Less than two weeks after launching on April 3, the Trump administration’s Paycheck Protection Program (PPP) for small businesses slammed by coronavirus has run out of funds.

BT CAPITAL GROUP, LLC
Getting through this together

As most of you are aware, the Payroll Protection Program Loan is now “theoretically” open to accept and process applications. While some banks are taking applications, most of the banks that we are in contact with regularly have either delayed taking applications until next week or have shut off their online portals and will relaunch again sometime next week. This has caused anxiety for most business owners.

We believe that the main cause of this is the conflicting guidelines for what is eligible and what is not eligible under the PPP loan program. As we mentioned before, the guidelines received from Treasury department on Tuesday night has conflicting edicts from the SBA guidelines received Thursday night. This program, by design, gives credit and underwriting departments of banks wide latitude to make decisions on issues such as inclusion of 1099 employees, certain group health benefits such as HSA, affiliations rule, calculations for the forgiveness portion as well as other material business points. A handful of banks understand the value and reasons why 1099 doctors and extensive benefits packages are standard and critical in this industry, while others are less willing to bend for PPP loans. Bankers and underwriters are looking towards their senior managers to issue internal policies and guidelines. As of today, a small number of banks that we have relationships with have created and set those policies in place. However, the clear majority of the banks that are participating in this program have not. We hope that by Monday more banks will be ready to take and process applications.

Stay safe, stay healthy, and enjoy the weekend with your family and love ones. We will all get through this together.

BT Capital Group

BT CAPITAL GROUP, LLC
Getting through this together

The SBA issued its initial policy guidelines Tuesday afternoon. There are substantial changes to the bill which was approved and signed into law last Friday which took most of us by complete surprise. The main differences are below:

1) The loan interest is 0.5% per year;
2) The loan term is 2 years (we are not sure if the loan is fully amortizing starting month 7 or will there be a balloon payment at the end of month 24);
3) It is suggested by the latest policy that the maximum amount that could be forgiven will be calculated at roughly 1.33 times the actual amount which was spent during the 8 weeks period on payroll.

While everyone of our clients will continue to apply for the PPP loan, due to these substantial and material changes, some of our clients have focused our efforts to assist them on projecting what the amount of the loan they can realistically anticipate to be forgiven WHILE others have focused us on projecting the amount of money they will need to start up their businesses after they re-open their doors, all while taking into consideration the allowable uses of this loan. The need of each company is different based on their geography, number of clinics, staff count, services offered and state of their balance sheet. These are not easy decisions, and we are honored to assist each client with their analysis to determine the right path for each company.

Stay safe and healthy,

BT Capital Group

Getting Through This Crisis Together

We are all in this crisis together, and this crisis will pass. Here are three action items that we are advising and assisting our clients to implement immediately to get through this difficult period in time.

First, preserve cash. We work closely with all of our clients to achieve deferments on most of their long-term obligations such as bank loans, equipment leases, rents, etc.

Second, immediate financing solutions to get through the periods of shut down. We are assisting our clients with bridge loans, SBA PPP financing and other financing solutions to help them get through the shutdown period.

Third, create and structure financing solutions to finance the ramp up period once businesses can open again. In our opinion, this is where most of the cash burn will be incurred. As businesses ramp up and open their doors again, businesses need to have additional working capital to manage the losses until the country is back to normal.

We hope that you are all safe and healthy and are with your family and love ones.

BT Capital Group

Bagus Tjahjono, President of BT Capital Group, is speaking on the webinar sponsored by The Dentist Entrepreneur Organization. Join the webinar to learn about the SBA loan types and how to apply.

2:00pm PST/5:00 pm EST, Sunday, March 29, 2020
https://zoom.us/j/997880671

Now it's easier to contact BT Capital Group, LLC.

BT Capital Group is a full-service boutique financial advisory firm. We provide unique and custom solutions to serve the needs of each individual client. We are dedicated to the success of our clients. Your success is our success.