Monday, April 30, 2012

Obtain Business Capital Using A Variety Of Commercial Finance Options

Commercial finance is one of the many options available to entrepreneurs seeking capital to start or grow an existing business. This sort of financing is also referred to as asset-based lending, meaning that it is a secured business loan. The borrower guarantees the loan by giving up business assets as collateral for the loan. Another popular phrase for commercial finance is asset-based finance.

Account receivable factoring is one form of commercial finance. This consists of selling open invoices for cash that can be used right away in the business. There are many benefits to this financing option including not giving up equity, being able to take advantage of early payment and volume discounts from your suppliers, you can actually purchase in greater volume from suppliers, and you also accrue no additional debt in your business.

Another popular commercial finance option is purchase order financing because it offers quick cash flow reserves. When any business is growing or expanding their business the cash flow simply isn't there because of the money it takes to market and produce products. Suppliers also want to be paid with C.O.D. and your customers are on Net-30 terms; so you run into a cash flow problem. Purchase order financing solves this issue by paying for the costs of your goods directly to the supplier, thus giving you more cash to use on more critical business expenditures. To begin with purchase order financing simply obtain a purchase order from your customer, find an approved supplier, place the order through that supplier.

Asset based loans, an additional commercial finance option, provide a short term approach to maximizing cash flow within a business. This form of financing is used as test for a business to show how they would perform with a long term loan. The business who is receiving the asset based loan has a short window to prove that with the proper financing their business model is effective, and that a long term loan would ensure business growth over a long period of time. This form of financing is perfect for the business that can't afford to wait to establish their business credit. The assets that are accepted as collateral for this type of loan include real property, accounts receivables, and completed inventory.

Other forms of commercial finance include bankruptcy reorganization, expansion financing, import and export financing, inventory loans, secured lines of credit, and merchant account advances. Financing a business is a difficult process, but if you utilize the financing resources available, your business have a much greater chance of success.

It is also good to work on establishing your business credit, ensuring that you separate your personal credit from your business credit. With good business credit scores obtaining large loans and other forms of capital is very simple, and you won't be one of the 97 percent that actually have a loan application denied. One other strategy that is easy to do and beneficial on your quest for business capital is to use a free business capital search engine.

Sunday, April 29, 2012

Home Equity Loans: Variable Or Fixed Interest Rate?

Home equity loans are undoubtedly one of the cheapest sources of finance in the loan market. Their inexpensiveness comes from the low interest rates that these finance products feature. However, home equity loans can include fixed interest rates or variable interest rates. Each option has advantages and drawbacks. Which one should you choose?

There are many issues involved in this decision. These issues include the amount of money you can save on interests, the possibility to loose those savings due to changes in market conditions, the possibility to end up paying even more than what you projected, the possibility of being unable to repay the monthly installments and having to refinance your loan.

Home Equity Loans

Home equity loans are secured loans that guarantee the lender repayment of the loan with the remaining equity on your home. Equity is the difference between your home value and the outstanding debt guaranteed by the property (usually a home mortgage). The secured nature of these loans provides the borrower with many benefits.

For starters, with home equity loans you can obtain higher loan amounts than with unsecured loans. Moreover, you can obtain longer repayment programs and thus, lower monthly payments than with unsecured loans. But most importantly, these loans have lower costs because the interest rate charged is significantly lower than the rate charged for unsecured loans. All of this is due to the lower risk that the use of collateral implies for the lender.

Interest Rate

As Explained above, due to the lower risk, home equity loans feature lower rates than almost any other kind of financial product. These loans offer rates lower than credit cards, store cards, unsecured personal loans, pay day loans, cash advance loans, overdrawn agreements, etc. Probably the only loans that feature lower rates are home loans and some subsidized student and business loans.

Not only the interest rate is lower than almost every other financial product, it also comes in two shapes. You can obtain a home equity loan with a fixed interest rate or with a variable (adjustable) interest rate. There are some differences between these two kinds of interest rates than can be very important when it comes to deciding which loan best suits your needs.

Variable Or Fixed

A fixed interest rate stays unaltered through the whole life of the loan which in turn implies fixed monthly payments over the whole life of the loan too. This provides a lot of certainty to the borrower that can budget the loan payments with confidence knowing that they will stay the same each month. But, it doesn't provide such certainty to the lender who can suffer from inflation and loose money to a fixed rate. That's why fixed rates are always higher than variable rates at any given time.

Variable rates on the other hand, will change every three or six months according to the market conditions. Almost always these changes are moderate and don't alter monthly payments too much. However, if an increasing tendency subsists on the market, a variable rate can turn a home equity loan into a very onerous deal.

Friday, April 27, 2012

Fathers Rights - Stop Being Your Ex's ATM Machine |Fathers Rights Make Child Support Arrears Disappe

These planners and politicians discovered they might gain political prominence using the advancment of this new bad guy. The public was allowed to vent, the federal propaganda drums were beaten wildly and the Deadbeat Dads unfortunately became the new target of these old welfare system frustrations.

It worked great. The government looked better, and a whole new highly divisive class of political constituents was born...and a new underclass, Deadbeat Dads. It seems that the divorced moms were on a roll! Their ex husbands, i.e., their children's fathers were being called names, maligned publicly, harassed at work, hunted down by over zealous bureaucrats and witless collection thugs, their photos, like mug shots, were even printed on milk cartons, many good men were even fired fromr jobs, (like this really helps).

The kind of unwitting, yet vicious, mob hysteria that was unleashed sent good men (many veterans-thanks for the fine service to our country, friend), good men with no real choice and impossible obligations were forced into a desperate underclass, others into hiding as societal outcasts. Still others essentially became unnecessary but petty outlaws while some literally fled the country and went into permanent exile.

This solved nothing, and created a monster as arrearages started to mount. 16 million non-custodial fathers were faced with arrest to be delinquent on supporting your children payments. Nationwide, uncollected supporting your children payments amounts to approximately billion annually. In 2007 California total arrearages were estimated to be approximately billion. The majority of these underclass parents would much would rather be able to pay their obligations and get current. However, when one is unable to afford legal assistance and the social groups side with the women because that's the source of the cash is, it appears impossible to fix these wrongs. Unless these wrongs are corrected with this group, Fathers rights is dead!

Fast forward a few years,. The nation's economics really are a disaster. Foreclosure fraud is epidemic - you will find millions without homes. Unemployment is running as high as 23% when using adjusted numbers that really represent reality. The dollar is collapsing. Home loans are dead.

Now, for that great news! Dads are winning about half of the battles when they decide to insist upon their fathers rights. The family law Courts are awarding Fathers with child custody, enforcing visitation rights, lowering child support and other important issues. These Court changes are because of the fathers rights groups, non custodial fathers who fought the system and some excellent informative books on fathers rights.

The really big news is the fact that there are now at least ten legal bases for reducing and/or eliminating child support arrears, and, all it typically requires is some negotiating and specialized information. Once you have the more information you need, you might be able to proceed yourself without an attorney because of the simple nature of those steps. This powerful information is allowing some Dads to receive payment from the ex. Get the monkey off your back, eliminate your arrears as soon as possible. Remember, Dads are winning.

Divorce is really a fact of life. Some divorces are pretty straight forward and amicable yet others are not. Complications always ensue when the divorcing couple has children. Soon, mothers rights and fathers rights custody cases are filed in court.

Wednesday, April 25, 2012

Agricultural Land / Property Purchasing In Bangalore Law Information

Before purchasing any sites especially agriculture land for non agriculture purpose approval under relevant laws viz. Karnataka Land Reforms Act, 1961, the Karnataka Land Revenue Act, 1964 along rules and other provisions of law is must. And Bangalore Metropolitan Regional development Authority (BMRDA) is regulating authority to approve layouts on outskirts of Bangalore.
Clear title and documentation are hard to come by with agricultural land of Bangalore (Karnataka). The following is a useful checklist of documents for review by a Bangalore law firm / lawyer before purchasing Agricultural land:
Mother deed and sale deed: It is very important document to trace the ownership of agriculture land. And it is basic document that shows how the property at the commencement was acquired there after there will be series of transactions such as sale gift law in Bangalore etc.

Akarbandi: Land topography sketch issued by State Revenue Authority viz. survey department. It establishes the survey number and to whom the particular survey number was originally allotted and the land / property revenue assessment details.

Encumbrance Certificate: Certificate from State Revenue Authority stating that there is no lien on the land / property (Has to be obtained for the last 30 years)

Family Tree of the vendor: State Revenue Authority document required to ascertain whether other family members have a stake in the property

Saguvali Chit: It is also called Grant Certificate. This is issued on Form No..VII in case of grant of Govt. land to the eligible persons for cultivation. This establishes title of the persons in the Saguvali Chit to the land granted.
Conversion Order: Conversion certificate has to be obtained for non agriculture purpose & that has to be checked to determine whether it is DC converted or not.
Khata and up to date Tax-paid receipts: Khata in Form MAR 19 (issued prior to 19. 05.2003) along up to date Tax-paid receipts.
Land Acquisition Status: Endorsements from State Revenue Authority certifying the Govt. acquisition status for the property for instance Notification by B.D.A. or KIADB for acquisition.

Mutation Extracts: History of changes in ownership (for 30 years) as documented in the Khatha Certificates issued by the State Revenue Authority. This is an extract from the mutation register maintained by the village property accountant.

NIL Tenancy Certificate/Form No.7 Endorsement: State Revenue Authority certification stating whether the land has any tenants. This issued by the Tasildar. This endorsement certifies that there no tenancy cases pending in respect of property in question as per the KLR act 1961.

Podi Extracts: Property partition document among siblings if any.

Property Tax Paid Receipt: Latest tax receipt validating that the property tax status is current.

RTC (Record of Rights) / Phani: This is primary record issued by the villager Accountant. It contains details of Survey number, total extent of land property, names of the owner including details as to conversion of land from agriculture to non- agriculture property. (has to be obtained for the last 30 years as per Bangalore law)
Section 79A & B endorsement U/KLR Act, 1961: These are issued by Tahsildar. These endorsement certifies that there no cases pending against the person owning the agriculture land / property.
Village Survey Map: Land location sketch
Patta Book: This book contains information regarding the payment of land revenue and other Govt. dues & information of cultivation. And also contains a copy of the record of rights to the land / property situated in Bangalore.
Tippani: This issued by the Survey Dept. It shows a sketch of the land as the records of the survey Dept.
Comprehensive Development Plan (CDP), Zonal Regulation Map and Survey Map. Apart from the above property should not come within the Green Belt Area.

Tuesday, April 24, 2012

Chances Prolific With Posts Out For 2013 Recruitment In Bsf, Bsnl And Canara Bank

If these positions are found with the government sector, then a missed chance can be very regretful. Those students, who are aiming for securing jobs in central government organisations or public sector undertakings in the year 2013, they need to check out the advertisements for recruitments in different national level organisations.

Border Security Force or BSF has been working towards maintaining peace inside the country, after its inception in 1956, under the Ministry of Home Affairs of India. From time to time, BSF recruitment is done to fill up various vacant posts. BSF recruitment 2013 will be therefore held for a number of positions, running into few hundreds. Presently, the recruitment notice for 2013 has been declared, for the posts of assistant sub inspector and head constable, numbering 386 in total. There will be a separate written exam followed by physical test, short hand test, typing test, verification of documents and medical examination. Successful transition from one step to another helps candidates in securing jobs in Border Security Force of India.

BSNL or Bharat Sanchar Nigam Limited is the leading operator of telephone and broadband connection under the government of India. To fill up about 106 and 56 posts of DGMs in telecom operations and telecom finance, respectively,, there has been announcement of BSNL recruitment 2013, conducted by the organisation itself. There are different eleigibility criteria for candidates to fulfil, after which they would be called into the written test followed by the interview rounds. Those with engineering degrees for telecom operations and with CA/ICWA or other equivalent qualifications can go for the tests by BSNL for recruitment in 2013.

In the Canara bank recruitment 2013 process, the IBPS conducted CWE has a major role to play. Since this organisation of IBPS controls the written and interview rounds, it is only after the merit list is published, that candidates will be able to apply to Canara Bank. There will be the clerical position CWE which would be held in the month of December 2012, while the final list and job allotments will come in the early part of 2013. There will be a huge number of positions in the clerical cadre, because Canara Bank is in the plan to expand its presence in all over the country and recruit more number of skilled manpower. After the recruitment drive for the II CWE for clerks is over, the second exam of IBPS for officer positions will be conducted. This has given hope to millions of students who have been awaiting the publication of the second edition of IBPS CWE in 2012, for recruitment and posting in 2013.

There are plenty of positions in organisations like Canara Bank, BSNL and BSF, apart from the ones which have been published till now. Junior telecom officers in BSNL are one such category, which would be coming up in the coming year of 2013. In the BSF also, there will be need for recruitment in many other positions. As time goes by, these positions will be published and therefore candidates need to be alert about these publications, so as to get the best recruitment chances.

Sunday, April 22, 2012

Getting Home Loan Online With Bad Credit: What Lenders Are Looking For

For many people seeking a new home, the idea of getting their mortgage online seems a little strange. But there are several reasons why it makes sense to seek a home loan online, with bad credit scores ignored being one of the biggest.

As with all loans, there are clear criteria to meet before there can be any hope of securing mortgage approval online. But because everything over the Internet is faster, and online lenders specialize in bad credit lending, there can be greater confidence in getting a better deal.

When it comes to applying for these home loans online, there are three key areas that every applicant should know is of special interest to lenders. They include the size of the down payment, whether bad credit has been improved, and the employment status of the applicant.

The Down Payment

The down payment is a far more significant part of the application process than many people think, especially when applying for a home loan online with bad credit. From the point of view of the lender, bad credit always adds to the risk factor. But if the payment is large, then the level of risk is lowered.

For example, with a normal 10% down payment on a 0,000 house, only ,000 is made with a ,000 mortgage required to complete the purchase. But if a larger payment of 20% were made, then the required mortgage falls to ,000. With a lower sum borrowed, the potential loss for the lender is lower too.

It is the same principal whether seeking mortgage approval online or from more traditional mortgage providers. And since saving such large cash sums requires real financial discipline, it is highly regarded by lenders, increasing the chances of getting the home loan greatly.

Signs of Credit Score Improvement

Low credit scores definitely are a hindrance when applying for large loans, but most mortgage lenders are open-minded over the circumstance that lead to the score. And they are very receptive to applicants who have made a concerted effort to improve their poor scores. This is a huge benefit when applying for a home loan online with bad credit.

Signs of improvement give a very clear indication of just how committed the applicant is to securing the mortgage. It usually means some careful planning is needed well in advance to make any real impact on the score. This degree of forethought can certainly help when seeking mortgage approval online.

The best way to improve your score is to take out a single consolidation loan, and buy out all of the existing debts. It can mean freeing up a lot of extra funds to commit to the home loan repayments. By lowering the interest charged on a mortgage, real savings are made. Just 0 saved each month adds up to ,000 over 30 years.

Having A Reliable Employment Status

Having a large income is no guarantee that an application will be approved. Mortgage providers want to know the source of the income is reliable, and that long-term employment is secured. When seeking a home loan online with bad credit, proving the ability to repay over the full term of the mortgage is essential.

This kind of security cannot be provided by a high-paying short-term contract job, so the size of your income matters little. And as tempting as it might be to believe that mortgage approval online is easy to get, job security still needs to be proven.

Also, remember that the debt-to-income ratio all mortgage providers go by limits the share of excess income for loan repayments to 40%, so home loan repayments must be within that range if approval is to be secured.

Saturday, April 21, 2012

Raising Company Finance

Due to the credit crunch and many banks' unwillingness to lend, businesses are struggling to raise money to finance their activities using traditional sources such as an overdraft, credit card or loan facilities. For this reason, many companies are turning to sources of income such as factoring and invoice discounting.

Factoring and invoice discounting allow a company to improve its cash flow by borrowing against legitimate invoices that have been raised. A company which is taking advantage of this type of facility will normally be able to gain access to 80% of the value of the invoice raised immediately without having to wait for the normal payment period.

Invoice Factoring The process of invoice factoring generally involves a bank (normally known as the Factoring company) taking over a company's invoicing and credit control function. When invoices are raised, the factoring company immediately makes credit available to the company. The name of the factoring company is stated on the invoice and the payment of the invoice is made directly to the factoring company. The factoring
company will often manage payment collection and credit control.

CHOCCs Factoring CHOCCs stands for Client Handles Own Credit Control. This type of factoring is similar to full factoring however in this situation, the company still retains responsibility for collecting payment of its invoices. The advantage of this for the company is that it will normally be a cheaper service and more control is maintained over the payment relationship with the company's clients.

Invoice Discounting invoice discounting is similar to factoring in the sense that a factoring company will make credit available to the business as soon as an invoice is issued. However, the service is discreet. The factoring company's name does not appear on the invoice and the debtors do not know of their
involvement. The company sends out its invoices in the normal way and collects debt in the normal way.

The different factoring facilities would be used depending on the nature of the business. For example, where it is important to ensure that the involvement of a factor is not disclosed, invoice discounting may be a more appropriate method. Where this does not matter or in fact where it is seen as an advantage to involve a third party to help in the collection of debts, then full factoring may be the correct solution.

Of course, for invoice discounting to be made available, the factoring company must have the confidence that the business it is lending to will be able to tightly manage its debt collection processes. For a full invoice factoring solution, up to 80% of the value of an invoice may be made available on the day it is raised. However, as invoice discounting is perceived as a greater risk to the factoring company as they have less control, smaller amounts may be made available using this solution.

It is important to understand that invoice factoring provides access to money based on business activity which is already happening. For factoring or discounting to work, the business must be already generating or imminently generating invoices. As such, it is an ideal way to improve the cash flow of the business which is currently operating. Having said that, however, invoice factoring or discounting can also be an ideal solution to help improve the cash flow position of a new business such as a Phoenix company. Here invoices will start to be raised almost immediately and so a factoring facility could be used.

Because Invoice factoring or discounting focus on cash flow improvement, they are not generally regarded as appropriate methods of raising a lump sum for a specific business project. If this is your requirement and a bank loan is not available, then a more suitable option may be asset refinance. Invoice financing and discounting are also not without cost. Normally both options involve a service charge (which may be between 0.5% and 1% of the sum lent) and a rate of interest. However, where a business is looking to improve cash flow and more tradition methods of achieving this such as bank overdrafts and credit cards are being withdrawn, invoice financing and discounting is often an extremely useful solution.