Credit Crunch – Not a Credit Freeze
photo credit: the_toe_stubber
First of all, it’s a credit crunch not a credit freeze!
Sure, banks are more cautious about their lending, but when were they not? The reality is that the majority of banks are lending, and to remain profitable they will continue to lend to small business owners. Those that understand the situation are acting now!
“Buy low, sell high”
With the current economic low, it is the best time to get financing at a low rate, with lower-than-ever requirements. Big banks like Citi and HSBC are making their decisions based on business credit scores, not personal fico’s.
Personal guarantee is a promise made by an entrepreneur to personally repay company debts if the business defaults. It is a way for banks to protect themselves, while reflecting the seriousness of the business owner to repay debts. Without a personal guarantee, they are thought to not believe in their business and are high risk. Small business owners don’t want to provide a personal guarantee if possible. Even if they are diligent about repaying debts, some unforeseen catastrophe may happen preventing a loan payment. Then the bank seizes personal assets. Read more
Strike While the Iron is Hot – Using the Recession to Your Advantage
photo credit: XirannisX en Off
These last few weeks of our economic downturn got everyone wound up. From business owners to CEO’s and back to the consumers – everyone is in a panic about the recession and the bailout plans. But what is a recession, really? How are the bailouts impacting your life?
As consumers we are all hurt. The price increases on all goods and services for which President-Elect Obama is preparing already, will be upon us soon.
However, as small business owners should we think of this as a gain or a loss? Read more
The Role of Scholarship, Grant, and Loans to College Financial Aid
Some students are unable to attend college courses because of insufficient financial capability and economic limitation. Others are not informed about the types of programs available to help them become one of the eligible students. The College Financial Aid (CFA) has been continually improving its assistance coverage to help in educational development. They now offer full coverage of expenses to students with financial disability.
CFA is open to assisting students plan their financials for higher education. They give counseling to confused applicants, usually encouraging them to continue their studies despite monetary problems. They guide students in their endeavor to finish school and get a better job afterwards. Applying for financial aid in CFA is easy. Learn more about scholarships, loans and grants below.
Loans
The college education loan is borrowed money to temporarily cover students’ expenses. It is paid back with interest. Read more
12 Tips to Safely Borrow Money Online
photo credit: HAMED MASOUMI
It is a toss up sometimes if our experiences are going to be pleasant or not. When borrowing money online, you must have some things in mind before you pick a lender.
A customer needs to be informed and ready to ask important questions regarding their transaction to safeguard themselves. There are a few quick and easy things you can do to ensure that your loan application goes smoothly and ensure that you are protected from fraud.
1. Is the Company Real or Just a Website?
Real companies will have a physical address listed on their website. This information should be easily found and not hard to locate at all. Be wary of post office box mailing addresses. Compare the address to a listing in the yellow pages online or call the phone number to make sure it is not fake.
2. Where Are They Located? Read more
Peer 2 Peer Lending – Cutting Out The Middle Man
In the past getting a loan used to be a pretty intimidating process, getting dressed in your Sunday best, looking your best and venturing into town to the bank for a date with the Bank Manager. Once there you used to have to throw yourself at the mercy of the manager and plead for them to lend you money, getting declined for a loan was often a demoralising and embarrassing process.
These days applying for a loan is much more stress-free with the decision on whether you get given the money being based more on details such as your income, credit report and other factors, but still people can get turned down for reasons other than a poor credit record. In light of the recent credit crunch many banks are being more cautious about whom they lend money to and in some cases have ceased offering unsecured loans. Read more
Government Grant Search – Government Grant Search Made Easy
Government grant search is not that hard compared to the days back then. If you are searching for grants, you have came to the right place. In this article, you will be shown all the various sources which you can get hold of a list of government grants that are available for various purposes. Without further ado, let’s get started with all the resources for government grants.
Government Grant Search Resource #1 Government Sites
Government sites such as grant.gov and those related to business and women rights will normally have a list of grants related to users visiting the sites. You can safely assume that all the grants listed there are complete. However, there might be grants that are not declared on these sites due to delays in updating.
Read more
How Does the Government Offer Grants to People
photo credit: brndnprkns
Do you want to know about the government grants? Here, let’s talk about it.
Step1
Most government grants are not available year round, therefore,a grant seeker must apply when a particular grant program is announced by a government agency. When funds are made available, the agency places an announcement in the Federal Register, which is published each weekday. Federal grant announcements are also published on agency websites, many of which now allow grant seekers to submit grant applications electronically. In addition, those in search of grant funds can check out the government’s Catalog of Federal Domestic Assistance for more information on specific grants.
Step2 Read more
What’s the Auto Industry Bailout Plan Got to Do With Foreign Direct Investment?
What does the proposed auto bailout for America’s Big Three automobile companies (Ford, GM and Chrysler) have to do with foreign direct investment (FDI), let alone running an aftercare program? Well, in a recent thought-provoking article in the Wall Street Journal, journalist Matthew Slaughter suggests there is, indeed, a link – that any auto bailout (along with the current financial sector rescue package) ‘could erode the number of manufacturers willing to invest [in the US]‘.
Whether the bailout happens or not, the current travails of the US auto sector present a classic example of how inward investment agencies can use their aftercare programs for the good of their investors – and their region. How? Well, for any region that has even a small cluster of automotive companies – whether they are assemblers or component manufacturers – here’s what you can do: Read more
The Keys to Home Based Business Success
With the current economic downturn bordering on recession, the latest unemployment figures going through the roof, and millions of American families losing their homes to foreclosure, people are looking for a way out. They’re tired of working more and more and finding that their paychecks buy less and less. They’re tired of pouring liquid gold into their gas tanks, only to drive to work and have a boss bark at them, or discover that a co-worker has been given a pink slip and that her responsibilities are now theirs. They’re tired of the grind. They’re tired of the rat race. They want to turn over a new leaf, and – most of all – they want to achieve financial freedom. For all these reasons, thousands of people are launching their own home based business every day.
But simply having your own business doesn’t necessarily mean that you’ll make $100K part time or $200K full time. Read more
Jobs After Retirement – Discover Perfect Home Based Business For Retirees
Are any of these your reasons for wanting to work after retirement?
1. You like working and want to keep busy.
2. You’d rather see money coming in instead of going out.
3. The outrageous cost of simply living just keeps climbing.
4. Since you’re planning to live a long time, you want to have enough money.
5. There are places you haven’t travelled to yet. Read more
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