Archive for October, 2009
A Recession-Proof Business Is the Security Your Future Needs
It’s no secret that the economy is in trouble. Professionals debate daily as to whether we are in a financial recession, or whether we are just headed in that direction. All of a sudden, we feel insecure about our jobs, our savings, and even our retirements. With so many businesses failing, it’s hard to imagine that starting a business of your own would be a good idea. The fact is, there has never been a better time to start your own recession proof business at home.
How Can A Business Be Recession Proof?
One characteristic of a recession-proof business is that it provides a product or service that will not go out of demand. Certainly, plenty of people are having to make sacrifices on how much they spend not only on the “extras”, but also on the necessities. Finances for many of us have taught us to set up priorities on how we use our money. That means giving up unnecessary purchases but not the things we need in order to survive. If you provide a necessary product or service, you will have a recession-proof business.
It also depends on your target group for which you provide you product or service. Not everyone is in the market for the same things at the same time. Everyone’s finances aren’t affected in the same way and by having the right target group, you can recession-proof your business.
Some Advantages to Having a Home-Based Recession-Proof Business
Flexibility is always one of the most attractive features to any home-based business. For parents of young children, this could mean not having to pay for child care while getting to spend more time with your children. If a student has classes and needs to work around them, a home-based business will let them work around their own schedule without worrying about someone else’s priorities. Whatever you need to find time for, a home-based business will give you the freedom to spend your time where you need to spend it. A home-based recession-proof business will not only provide flexibility of your time, but will also provide you with financial security.
Another advantage to having a home-based recession-proof business is that you will never have to pay for the gas to drive back and forth to the office again. Many people commute long distances for their jobs and over the last couple of years, this has gotten to be a financial burden for many. When you work at home, there’s no fuel used, no wear and tear on a vehicle, and you don’t even have to go out to eat lunch!
Of course, one of the biggest advantages you will have from starting your own home-based recession proof business is not having a boss to answer to. You don’t have to worry when the economy worsens that you will go into the office one morning to have your boss tell you that he is “letting you go”. A recession-proof business is one that will give you the security to make your own decisions and to benefit from your efforts.
One of the most forgotten elements of any wedding is the save the date card. In fact, some couples choose not to send them at all. If you want to give your guests a save the date card, you can send them with your invitations or you can choose to send them separately after your guests have replied. It is always a good idea to send your guests a save the date card. Here are the top five reasons why save the date cards make sense.
#1 – Some guests really could forget your wedding if you do not remind them.
It is not meant to offend you, and it does not mean that you friends and family members do not care about you. Sometimes, life just gets in the way and people need to be reminded of your wedding. With a save the date card, your guests, even those that are very forgetful can attach the card to their date book or hang the card on the refrigerator. You invited your guests with the hopes that they can attend your celebration. Although you have spent the past several weeks or months thinking about your wedding, they have had to deal with other events in life. If you want them to come, send them a reminder.
#2 – You can avoid fielding phone calls about date, location, and time.
While your friends and family members may not forget about your wedding, they may not remember the exact time or location, or they may be confused about the day. During the few weeks before your wedding, you have hundreds of little details to worry about. Do you really want phone calls from everyone you know asking for the details, forcing you to give out your information over and over and over again? Instead, a save the date card can provide your guests with the necessary information, and this can save you time and aggravation.
#3 – When people are planning their own events, they can refer to your save the date card.
The date of your wedding should be the most important day in your life, but this is not always the top priority for your guests. Sometimes, your guests might be planning weddings of their own! By giving out save the date cards, you can make sure that there is no confusion about your big day. This is a gentle way to remind people not to plan their events on the same day as yours. Without a save the date card, they might forget and make plans they cannot change.
#4 – People can carry a save the date card with them.
Wedding invitations are often bulky, and it is unrealistic to expect someone to carry around your invitation. However, if someone is on the go and often making plans, it is important to have a way to quickly check a date. When you send a save the date card, they can take that with them to plan their coming weeks appropriately. Match your save the date card to the style of your wedding (formal, rustic, casual, etc), and you will also be reminding your guests about what they should wear to your wedding. Your guests can carry the card with them when they go shopping as a small reminder. This is important because plans may come up out of nowhere and it can help them plan accordingly if they have the date of your wedding with them. Another benefit of carrying around your wedding date is that they can be prepared if somebody asks them about the wedding celebration.
#5 – A save the date card says that you care.
Above all else, save the date cards provide a polite way to inform your guests about the date of the wedding. By sending your guest a save the date card, you show them that you care and really want them at your wedding. Save the date cards are traditional, polite, and thoughtful.
Not every wedding needs a save the date card. Sometimes, if your wedding is very low budget or planned extremely quickly, you do not need a save the date card. You may not need a save the date card if you have a very small close-knit guest list or are planning a reception after a civil ceremony. In most cases, however, a save the date card can really help your guests remember your wedding. Although your life has been revolving around the date for a long time, others need a reminder. If you want your friends at your wedding, send them save the date cards!
When you are planning your wedding take these five reasons for using a save the date card into consideration. There are many benefits to this type of stationery and you can simply send them with your wedding invitation or mail them closer to the ceremony as a reminder.
Corporate Finance
If you are like most business owners and managers, you require reliable commercial financing in order to keep your doors open. A proper, reliable course for corporate finance is fundamental to your operations. Understanding the importance of commercial financing, the article is presented to touch on a couple of important factors relevant to this issue.
Perhaps the most important step that you have to take when it comes to ensuring reliable corporate finance is to maintain constant, stable and reliable relations with your current commercial finance resources. In other words, if you have a banking partner at this time, it is vitally important that you develop and expand that preexisting relationship if at all possible.
If you need to venture out onto the market to fulfill your overall corporate finance needs, you need to focus your attention on those institutions that are offering commercial financing options and opportunities to business enterprises similar to your own. Many lenders involved in commercial finance are not only limiting the dollar amount that they loan but also the type of ventures with which they will do business. By understanding which sources of corporate finance are dealing in your industry, you will be in the best possible position to expand and enhance your commercial finance options.
If you need to venture out onto the market to fulfill your overall corporate finance needs, you need to focus your attention on those institutions that are offering commercial financing options and opportunities to business enterprises similar to your own. Many lenders involved in commercial finance are not only limiting the dollar amount that they loan but also the type of ventures with which they will do business. By understanding which sources of corporate finance are dealing in your industry, you will be in the best possible position to expand and enhance your commercial finance options.
If you need to venture out onto the market to fulfill your overall corporate finance needs, you need to focus your attention on those institutions that are offering commercial financing options and opportunities to business enterprises similar to your own. Many lenders involved in commercial finance are not only limiting the dollar amount that they loan but also the type of ventures with which they will do business. By understanding which sources of corporate finance are dealing in your industry, you will be in the best possible position to expand and enhance your commercial finance options.
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Copyright (c) 2009 Stephen Lau First of all, credit is due to President Obama for his all-out efforts to rescue the country from the ailing economy and the greatest financial crisis the nation has ever faced since the Great Depression. However, this Herculean task may be too overwhelming even for our energetic president. It is like a sinking ship, and the captain is frantically bailing out water: it may be a heroic but fruitless task. The main problem of this current financial crisis is that no one in the financial world could really get a handle on the severity of the innate problem. Just a few months ago, even Bernanke, the Federal Reserve chairman, also an expert on the Great Depression, thought the initial financial bailout would stop the bleeding of the whole financial system. Now, the magnitude of the crisis is beyond every one’s guessing. In short, nobody in the financial world had expected the catastrophic impact of the fallout of this financial implosion. It is by no means the fault of President Obama, or that of Bernanke. Both have reacted promptly, efficiently, and relentlessly to the crisis. The problem is multifaceted and just too complex for any human mind to get a grip on until it began to unfold itself. There are simply too many bubbles involving too many levels of the financial sector – and they all bust one after another, causing the rippling domino effect across the financial globe. Over-priced bonds backed by bad subprime mortgages, packaged by unethical Wall Street firms sold to greedy investors. It was a pack of lies, myths, and phony prosperity that had fed on itself for decades, and now is the time of reckoning. The result is delinquent mortgages, bad loans, bankruptcies, leading to little or no cash flow – and hence the financial world is grinding to a halt. The root of the problem is that the prosperity in the past decades has been a phony one – created out of thin air. It was an illusion, and now everybody has become disillusioned. It is like waking up from a wonderful and mesmerizing dream, and one still clings desperately onto that dream, refusing to be brought back to the real world. Why President Obama’s bailout plan may not work! The explanation may be quite simple. According to Albert Einstein, insanity is repeatedly doing the same thing and yet expecting a “different” result. This is precisely what the U.S. government is striving to do with the bailout plan. We have got ourselves into this financial mess, because, for years, the Americans have been spending the money they don’t have to buy the things they don’t need. The current crisis is a product of reckless spending and euphoric optimism. Now, the bailout is similar in that it intends to spend trillions of dollars that the government doesn’t have to bail out the banks and firms that don’t deserve – or may not even eventually survive after the bailout. The bailout is creating an illusion that things will improve, just as the American people have created an illusion of prosperity that would go on forever. Recently, the Treasury Secretary blasted investors for not knowing what they were buying, which led to this current financial crisis. Ironically, isn’t this is exactly what the government is currently doing – repeating the same mistake? Part of the bailout plan is to buy troubled mortgages and bonds at a fair price so that the banks will take the cash and therefore be able to make new loans. However, buying these troubled financial instruments is not only difficult but also risky. It is tantamount to what the American people have been doing – buying things they do no need with the money they do not have. President Obama’s bailout plan may pump trillions of dollars into the financial world, but whether it will solve the problem is everyone’s guessing. Robbing Peter to pay Paul is never a solution to any problem – at least not a problem of this magnitude.
THE CHALLENGES AHEAD OF BANKS
*G.JAYALAKSHMI., Ph.D Research Scholar
INTRODUCTION
India’s banking industry is at a watershed. Evidence from across the world suggests that a sound and evolved banking system is required for sustained economic development. India has a better banking system in place Vis a Vis other developing countries, but there are several issues that need to be ironed out.
A strong performance in the current year, strengthening the positive trends of the past, will certainly improve the short-term risk perception but focus must rest on key structural changes that have to occur if Indian banking is to be a positive force and not a drag on the rest of the economy.
It has met and successfully overcome several challenges over the last decade. But bigger challenges lie ahead. In this paper, we try and look into the challenges that the banking sector in India faces.
Interest rate risk
The first and most obvious challenge will come from rising interest rates. The current perception is that interest rates have stopped falling and are likely to remain steady, but if demand for resources picks up as firms start to invest in new capacity and boom conditions fuel consumption demand, then there may be a tightening of liquidity and upward pressure on interest rates.
Interest rate risk can be defined as exposure of bank’s net interest income to adverse movements in interest rates. A bank’s balance sheet consists mainly of rupee assets and liabilities. Any movement in domestic interest rate is the main source of interest rate risk.
Over the last few years the treasury departments of banks have been responsible for a substantial part of profits made by banks.
Now as yields go up (with the rise in inflation, bond yields go up and bond prices fall as the debt market starts factoring a possible interest rate hike), the banks will have to set aside funds to mark to market their investment. This will make it difficult to show huge profits from treasury operations. This concern becomes much stronger because a substantial percentage of bank deposits remain invested in government bonds.
Banking in the recent years had been reduced to a trading operation in government securities. Recent months have shown a rise in the bond yields has led to the profit from treasury operations falling. The latest quarterly reports of banks clearly show several banks making losses on their treasury operations. If the rise in yields continues the banks might end up posting huge losses on their trading books. Given these facts, banks will have to look at alternative sources of investment.
Non-performing assets
The best indicator of the health of the banking industry in a country is its level of NPAs. Given this fact, Indian banks seem to be better placed than they were in the past. A few banks have even managed to reduce their net NPAs to less than one percent (before the merger of Global Trust Bank into Oriental Bank of Commerce, OBC was a zero NPA bank). But as the bond yields start to rise the chances are the net NPAs will also start to go up.
This will happen because the banks have been making huge provisions against the money they made on their bond portfolios in a scenario where bond yields were falling.
Reduced NPAs generally gives the impression that banks have strengthened their credit appraisal processes over the years. This does not seem to be the case. With increasing bond yields, treasury income will come down and if the banks wish to make large provisions, the money will have to come from their interest income, and this in turn, shall bring down the profitability of banks.
Capital adequacy norms
A third and a key challenge will be the introduction of Basle II capital adequacy norms. These will make two demands on banks.
They will have to measure the risks they bear much better. For this they will need to overhaul their management information systems so that they have a clear and quantifiable idea of their risks.
Then they will have to look for capital to back that risk and ultimately earn enough to be able to service that capital. R Ravimohan, managing director of Crisil, feels that the future is all about technology and risks.
There is a huge potential for undertaking risk assessment by using technology. It is imperative for banks to grow but the key issue is deciding where and how.
New ways or managing risk and asset-liability mismatches, like asset securitization, which unlocks resources and spreads risk, are likely to be increasingly used.
Competition in retail banking
The entry of new generation private sector banks has changed the entire scenario. Earlier the household savings went into banks and the banks then lent out money to corporate. Now they need to sell banking. The retail segment, which was earlier ignored, is now the most important of the lot, with the banks jumping over one another to give out loans.
The consumer has never been so lucky with so many banks offering so many products to choose from. With supply far exceeding demand it has been a race to the bottom, with the banks undercutting one another. A lot of foreign banks have already burnt their fingers in the retail game and have now decided to get out of a few retail segments completely.
The nimble footed new generation private sector banks have taken a lead on this front and the public sector banks are trying to play catch up. The PSBs have been losing business to the private sector banks in this segment. PSBs need to figure out the means to generate profitable business from this segment in the days to come.
Conclusion
Over the last few years, the falling interest rates, gave banks very little incentive to lend to projects, as the return did not compensate them for the risk involved. This led to the banks getting into the retail segment big time. It also led to a lot of banks playing it safe and putting in most of the deposits they collected into government bonds.
Now with the bond party over and the bond yields starting to go up, the banks will have to concentrate on their core function of lending.
The banking sector in India needs to tackle these challenges successfully to keep growing and strengthen the Indian financial system.
Furthermore, the interference of the central government with the functioning of PSBs should stop. A fresh autonomy package for public sector banks is in offing. The package seeks to provide a high degree of freedom to PSBs on operational matters. This seems to be the right way to go for PSBs.
The growth of the banking sector will be one of the most important inputs that shall go into making sure that India progresses and becomes a global economic super power.
- Alibaba : Alibaba.com is marked as the largest online B2B e-commerce website in the world serving over 35 millions of users.
- Bridgat: Bridgat.com, eshtablished in 2007 has within short period of time has proved its presence in b2b marketplaces.
- China.cn: China.cn is a government authorized B2B website based in Beijing, and founded by the China Internet Information Center.
- EC21: EC21 is the largest B2B marketplace in South Korea, with buyers and suppliers from over 200 countries and regions.
- ecplaza: This is another Korean e-commerce website based in Korea. It has launched four language versions: English, Chinese, Japanese, and Korean.
- ECVV: This is a new business-to-business directory in China. It is serving millions of manufacturers and global buyers in the world. It categorizes its content by Product Directory and Business Directory.
- DHgate: Dhgate.com, a totally new entrant in B2B industry, is serving a third-party payment escrow. The buyers pay through PayPal and funds are deposited into DHgate account.
- DIYTrade: Based in south China, DIYTrade is one of the leading directories for exporters and importers. It is. Formerly known as eBigChina.com,
- globalsources: This is the first company listed in stock market. It is famous for its quality suppliers. Infact many manufacturers from China choose to pay a big amount of money to become a verified supplier.
- GlobalSpec: This is search engine specially designed for the engineering industry. It provides online resources for industrial parts, specifications and related services.
- IndiaMart: It is the largest Online searchable business (B2B) directory & yellow pages of India with more than 300,000 Indian & Foreign companies maintaining the list of indian exporters, importers & service providers, foreign exporters, importers & service providers. Recognized by CNBC & BBC for its contribution to Indian suppliers.
- Kellysearch: One of the leading directories of U.S. manufacturers in the world. It also has country specified B2B search engine in U.K., Germany, Netherlands, and India.
- KOMPASS: The second largest companies directory in the United States. It has web pages in 27 languages and 8 individual sites for country-based markets.
- Made-in-China: The world second largest manufacturer directory in the word. It provides sell offers for buyers all around the world.
- MainOne: It is a big Chinese manufacturing directory. It has recently launched its English website for foreign buyers and suppliers.
- Manta: This is actually not a B2B marketplace. It simply provides company profiles for B2B industry.
- Meritline: With headquarter in US and operating branch in China, it is one-stop trading solution for suppliers and buyers.
- ThomasNet: The largest B2B directory in the North America. This portal focuses on machinery and other industrial products.
- tradeindia: An Indian B2B website, Tradeindia offers trade leads for both India and Foreign exporters, manufacturers, and service providers.
- TradeKey: The largest Business to Business marketplace in Middle East.
Seeking the help of nonprofit debt consolidation companies can certainly help you dig your way out of debt. In this article we’re going to explain what nonprofit debt help is really all about and what you can expect from any company offering debt consolidation services.
So what exactly is prompting so many Americans to seek the help of a nonprofit debt consolidator? Well for one, personal debt for many Americans continues to rise. In fact, according to recently published debt statistics, about 4% of Americans carry more than $10,000 in credit card debt and all Americans owe an astounding $832 billion on their credit cards.
And while not everyone agrees that this kind of debt is necessarily a bad thing from a macroeconomic level, at an individual level things are different. In fact, the sudden loss of a job or other source of family income can mean the difference between debt that is manageable and debt that’s out of control.
So as people find themselves faced with difficult choices, they are seeking out the help of debt consolidators. These same individuals have a sense of security that those helping them with their debt problems are associated with a not-for-profit organization.
In order to find out if an organization is considered a nonprofit debt consolidation service provider, the first thing you should look for is a statement concerning its nonprofit status. Specifically, the organization should be making some reference to achieving IRS 501(c) (3) non-profit charitable organization status. Most online websites would typically have this kind of information in their “About” section.
This is an important piece of information to start with. If a company is claiming to offer a nonprofit debt service, then at the very least they should demonstrate that the federal government recognizes their nonprofit status.
There are a number of warnings we gave out in that article that are worth talking about here. We’re going to talk about this as we are walking through the steps a typical nonprofit organization might take you through.
If any debt consolidator claims that they can restore your credit ratings immediately you need to be very skeptical of this claim. Credit reports are based on past payment habits which is referred to as your credit history. There are basically three credit reporting agencies that gather information from creditors and compile a report for individuals. Credit reports contain credit scores which are a measure of how well an individual pays their bills.
Since credit reporting agencies use automated mathematical equations to calculate credit scores, there is very little anyone can do to help with an individual’s score – except to help find errors on the report. Nonprofit debt consolidation companies will help you to understand the credit scoring process, they can coach you on how to improve your credit score in the future, and they can help you to get errors cleaned up.
But fixing errors appearing on your report is the only way that you can restore credit in the short term. If a debt consolidation company claims to be able to do more than that, you need to be skeptical of their services.
Most nonprofit companies will offer debt or credit counseling for free. This is an important step in staying debt-free in the long term. Often times families fall on hard times as a result of an emotional event that someone has experienced. Debt counseling can help figure out if the family needs help that goes beyond financial planning. If that is true, then the counselor will often make a referral to a local social services organization.
If you are seeking the help of a nonprofit debt consolidation company, then their services should go beyond just finding you a consolidation loan. Their goal should be that same as yours – getting debt under control in the short term and staying out of debt over the long term. That’s why most good debt counseling will also introduce the concept of budgeting. They’ll also help you to put together what’s called a debt management plan.
The most important service offered by the nonprofit organization should be to find you a debt consolidation loan that you can live with. Here is where some more serious warnings come into play. You need to understand if or how much of your monthly debt consolidation loan is acting like a donation to the nonprofit organization.
True nonprofits will ask individuals to pay very low fees or none at all. Just because the company claims to be nonprofit does not mean you should not shop around to make sure you are getting the best deal on your consolidation loan.
Finally, remember that debt consolidation often involved turning an unsecured loan – such as credit card debt – into a secured loan. That means you will need to supply collateral with your loan and that will most likely be your home. So while the payment terms may be much more to your liking with a consolidation loan, it also means that you carry a much larger risk if you default on your loan – you could lose your house.
The Working Capital Journal is one of several commercial financing resources which should be reviewed regularly by small business owners to assist in keeping up with the imposing difficulties posed by rapid changes in the business finance funding climate. As noted below, there have been some surprising actions taken by lenders as a direct result of recent financial uncertainties. The increasingly complex and confusing environment for working capital finance is likely to produce several unexpected challenges for commercial borrowers.
The working capital finance industry has primarily been operating on a regional and local basis for many years. In response to cost-cutting that has permeated many industries, there has been a consolidation that has resulted in fewer effective commercial lenders throughout the United States. Most business owners have been understandably confused about what this might mean for the future of their commercial financing efforts, especially because this has happened in a relatively short period of time.
Of course, for some time there have been ongoing complex problems for commercial borrowers to avoid when seeking commercial loans. But what has produced a new set of business finance funding problems is that we appear to be entering a period which will be characterized by even more uncertainties in the economy. With little advance notice by lenders, previous standards and rules for working capital finance and commercial financing are likely to increasingly change.
With the current realization that substantial changes are likely in the near future for commercial finance funding throughout the United States, business owners should make an extended effort to understand what is happening and what to do about it. At the forefront of these efforts should be a review of what actions commercial lenders have already taken in recent months. The Working Capital Journal is one prominent example of a free public resource that will facilitate a better understanding of the responses by business lenders to recent economic circumstances.
By publicizing actions taken by commercial lenders, this will contribute to these two goals, both of which are likely to be helpful to typical business owners: (1) To assist in eliminating or reducing questionable lending practices by highlighting controversial lending tactics. (2) To help business owners prepare for commercial finance funding changes. Sources that currently include The Working Capital Journal are actively encouraging business owners to describe and report their financing experiences so that they can be shared with a broader audience to assist in this effort. Some of the most significant commercial financing changes reported so far by commercial borrowers involve working capital loans, commercial construction financing and credit card financing. A notable situation of concern is that predatory lending practices by credit card issuers have been reported by many business owners. Because they have been excluded from obtaining any new business financing by many banks, some specific businesses such as restaurants are having an especially difficult time recently.
One of the few recent bright spots in business finance funding, as noted in The Working Capital Journal, has been the continuing ability of business owners to obtain working capital quickly by business cash advance programs. For most businesses accepting credit cards, this commercial financing approach should be actively considered. Business cash advances are literally saving the day for many small business owners because most banks appear to be doing a terrible job of providing commercial loans and other working capital finance help in the midst of recent financial and economic uncertainties. For example, as noted above, restaurants are virtually unable to currently obtain commercial finance funding from most banks. Fortunately, restaurants accepting credit cards are in a good position to obtain needed cash from credit card receivables financing and merchant cash advances.
Whether you’re a CIO considering a switch from Sun to IBM or a manager debating about upgrading your entire Server platform, one thing remains the same: you’ve probably got one eye on your efficiency gain and the other eye on your budget.
Fortunately, there are several financing options available to help you break down large technology acquisitions into more affordable monthly payments.
The Equipment Leasing and Finance Association (ELFA) estimates that eight out of ten U.S. companies lease at least some equipment, but what many people don’t realize is that there are flexible financing options available for almostany kind of technology equipment, including software, services and training.
Equipment financing is a popular way to maximize your purchasing power largely because it is acost-effective way to obtain the newest equipment without a large outlay of cash.
Financing also helps shield you from the effect of equipment obsolescence, a real issue for all those using any type of technology asset. It’s easy to add the latest software version to your master lease so you don’t have to worry about working with outdated technology.
The Benefits Add Up
Some of the other recognized benefits of financing technology equipment include:
• Reduced Tax Burden – The IRS does not consider certain leases, for example, to be a purchase, but rather a tax-deductible overhead expense. Therefore, you may be able to deduct the lease payments from your corporate income.
• 100 percent financing – Some financing options require very little money down – perhaps only the first and last month’s payment are due at the time of the acquisition.
• Immediate write-off of the dollars spent – With some financing options, payments can be treated as expenses on a company income statement, so equipment does not have to be depreciated over the useful life of the equipment.
• Flexibility – As your business grows and your needs change, flexible financing options provide more opportunities for businesses to add or upgrade equipment during the lease term.
• Asset management – Financing provides the use of technology equipment for specific periods of time at fixed payments. With some financing structures, the finance company assumes and manages the obsolescence risk of equipment ownership. At the end of the finance terms, the financing company is responsible for the disposition of the asset.
But that’s just the tip of the iceberg when it comes to reasons to finance technology equipment. Some of the other recognized benefits of financing include:
• Upgraded technology – Equipment that is frequently updated, such as software, should be financed to limit your risk of being stuck with obsolete equipment. It’s easy to add the latest software version to your master lease, for example, so you don’t have to worry about working with outdated technology.
• Speed – Some financing options can allow you to respond quickly to new opportunities with minimal documentation and red tape. Most resellers work with a finance company that can approve applications within twp hours.
• Improved cash flow – Many finance structures can result in a lower monthly payment when compared to a standard loan. In addition, some finance companies offer seasonally adjusted payments to match a company’s needs.
• Simplicity- Financing process and documentation is straight forward and easy to understand.
Finance Services Too
Training, support and other services are vitally important to a successful technology implementation, yet they are some of the most overlooked costs involved with a technology acquisition. Because of this, Somerset Capital Group, Ltd. offers a finance program to help companies cover the cost of training and services, specifically.
Often, everything involved in a technology purchase, from the software to the services and training can be bundled into one predictable monthly lease payment, making it easy to budget for all costs associated with a technology acquisition.
With Financing, One Size Does Not Fit All
Another important benefit of financing is that there are a variety of flexible financing products available to help meet your unique business needs. Many finance options can be tailored to fit month-to-month or year-to-year cash flow needs. Custom arrangements can be designed to address requirements such as cash flow, budget, transaction structure, cyclical fluctuations, and more. Some finance options even allow the customer to miss one or more payments without penalty.
If you’re concerned about purchasing technology that could become obsolete or outdated, or if you’d like to give yourself the flexibility to respond quickly and easily to new opportunities that call for additional software, chances are there’s a financing option for you. Even if your company has cash on hand for a large technology acquisition, there may be a finance option available that would allow you to make better use of your working capital.
Like any business decision, it is important to do your research before deciding which kind of finance option makes the most sense for you.
Get Financing Today
Because financing is such an important part of helping you get the software you need to excel at your job, USXL makes a variety of flexible financing options available. The application process is fast and simple; you could qualify for financing before the end of the day.
Financing, Loans and Commercial Finance for Churches at Church-Financing.com.
Nearly all Churches necessitate the need of a commercial real estate financing. The financial sources for real and substantial estate includes: Regional banks, Private investors, Insurance companies, Saving and Loan institutions and Mortgage banking firms. First let’s touch on the obstacles that occur during the process of acquiring the church mortgage loans & church financing.
The Major Church Financing Difficulties:
(1) Church properties are unique and so, for this reason Lenders have a great apprehension regarding this matter because if the loans are not paid within a stipulated time, Lenders will be accounted for it. They have to assume ownership of the property. Owing to unique property features, it is not going to be easy to come across a new owner.
(2) For getting the hold of church loans, Lenders often entail the need of “personal guarantors” especially on account of prior observation with reference to the complexities that are involved in selling the church property again.
(3) When the church financing needs are attained, there are many objectionable terms that get exist. Such as: Minute amount of loans, low loan-to-value (LTV) of 50% to 60%, short-period time of loans and rates of high interest. By this, churches get many possibilities to face the countless financial difficulties.
(4) More than Purchasing and/or Refinancing, Church Financing, Church Construction Loans, Church Renovation and Land acquisition loans are considered as more intricate to deal with. Therefore, needed repairs are delayed for an indefinite period and new churches take lots of years to become a reality.
The Practical Solutions for the Problems which have been Issued above are:
(1) High LTV: High LTV of 75% to 85% would generate a realistic amount of about 15% to 25% that can be utilized for the purpose of down payment or non-financed portion in refinancing.(2) Long-term loans: To make the church financing more successful, rather than short-term, church financing should be of a long term, i.e. up to at least time period of 30 years.
(3) Non-Recourse Loans: Being reluctant towards individual guarantors fetches a non-traditional church lender. And than through this approach, church lending will no more rely on individual guarantors for the church financing.(4) Large sum of Loan: Ability to accommodate large church loan needs, at least of $500,000. This move would than persuade churches to finish their most business financing in one stage rather than by going through many stages.
(5) Low interest rates: Churches are being charged with the sky-scraping interest rates than it is actually required. Church financing payments can be phenomenally reduced if the payments are restricted to prime plus 1% or less than that. As a result, long-term church loan as well as decrease in overall payment will improve the church cash flow considerably.
For more detail log on to www.church-financing.com. Church Financing is a church loan division of Griffin Capital Funding offers church financing and loans with no personal guarantees, favorable rates and good terms.