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Micro Loans For Small Business

xblackmindx — Fri, 03 Sep 2010 14:52:34 +0000

Micro Loans For Small Business

Small business start up capital can sometimes be inadequate. One option that is available to the small business owner is a micro loan. These loans are specifically designed to give aspiring business owners start up capital as well as giving a boost to already established businesses. They also consolidate and enhance micro businesses. They target the unemployed, poor entrepreneurs and individuals who are not considered bankable. They are individuals who lack any form of collateral, stable income and a good credit history.

Micro loans helps the small business owner in many ways. This includes help with the working capital, purchase of office equipment, machinery, supplies etc. In comparison to the conventional bank loans, micro loans are easier to obtain. These loans are usually handed out by community lenders. This is after careful evaluation of the borrower’s credit history. These lenders get these funds from the Small Business Administration. They then disperse them to their local communities. They are usually located in a nonprofit community and have ease at dispersing funds.

When you want to get a micro loan, you have to have some form of collateral or guarantee from the business owner. Another requirement for these loans is that you will be required to undergo training and business management instruction to qualify for this loan.

Projects that normally qualify for this type of loan are the ones with skill enhancement elements. These projects are those that are aimed at improving the quality of life for those in low income areas. Also included in this category are projects that promote individuals who are in self-employed businesses and also creates employment for others. Micro loans have helped many people achieve their dream of having purpose in their life while simultaneously earning a living.

Mercy Maranga writes content on Finance and Small Business Management. Visit her site here for more information on Finance and how to effectively Manage your small business. Small Businesses

Mississauga Santa Claus Parade , November 30, 2008 / Habitat For Humanity

Image by bill barber
I’m still officially down for a bit, but I posted these for my extended families and friends. I don’t really expect comments since I won’t be commenting on yours for a bit.

From my set entitled "Mississauga Santa Claus Parade 2008"
farm4.static.flickr.com/3245/3075199413_9773a5e13b_s.jpg
In my collection "Places"
www.flickr.com/photos/21861018@N00/collections/7215760074…
In my photostream
www.flickr.com/photos/21861018@N00/

Taken from Wikipedia
en.wikipedia.org/wiki/Habitat_for_Humanity
Habitat For Humanity International (HFHI) (generally referred to as Habitat for Humanity or simply Habitat) is an international, ecumenical Christian, non-governmental, non-profit organization devoted to building "simple, decent, and affordable" housing. Homes are built using volunteer labor and are sold at no profit. In locations outside the United States, Habitat for Humanity charges interest to protect against inflation. This policy has been in place since 1986.

The organization was founded in 1976 in Americus, Ga., by Millard and Linda Fuller, whose vision grew out of their experiences at Koinonia Farm. The international operational headquarters are located in Americus, with the administrative headquarters located in Atlanta, Ga. Staff members at all locations serve to support and promote the activities of local, independent Habitat for Humanity groups, which initiate and manage construction, mortgages and homeowner selection worldwide.

In 1996, U.S. President Bill Clinton awarded Fuller the Presidential Medal of Freedom, the nation’s highest civilian honor, calling Habitat for Humanity “…the most successful continuous community service project in the history of the United States.”[1] By 2004 Habitat had built 50,000 houses in the U.S. and over 175,100 around the world, with Habitat groups working in over 100 countries. Although headquartered in the United States, two thirds of Habitat construction takes place in other countries. In 2005 Habitat built its 200,000th house, bringing the number of people sheltered in Habitat houses worldwide to one million. On November 13-14, Habitat for Humanity will build its 3000,000th house in Collier County, FL.[2]

On 4 August 2005, Habitat announced the selection of a new Chief Executive Officer for the organization, former president of stores of Musicland and executive pastor of the Edina, Minnesota Christ Presbyterian Church, Jonathan Reckford.[3]

In the fall of 2007, alternative rock bands Switchfoot and Relient K went on the Appetite For Construction Tour, partnering with Habitat while raising awareness for the organization and donating a dollar per ticket sold. The tour was highly successful, raising over 0,000 for donation to the cause. [4]

According to the official website,

Homeowner families are chosen according to their need; their ability to repay the no-profit, affordable mortgage; and their willingness to work in partnership with Habitat. Habitat for Humanity does not discriminate according to race, religion or ethnic group.

Independent, local affiliates of Habitat for Humanity International are allowed to interpret these guidelines as is deemed most appropriate for the location of the affiliate.

Homeowners are usually expected to put approximately 500 hours of "sweat equity" into their own or other project homes, although this amount may vary by location, the number of wage-earning adults in each family, and the recipients health issues.

Mortgage payments from homeowners are deposited into a locally-administered "Fund for Humanity," the proceeds of which go toward future construction. In an effort to discourage predatory lenders from targeting Habitat homeowner families, mortgage agreements allow the Habitat for Humanity affiliate the right of first refusal. Should a homeowner family decide to sell their home during the period of their mortgage, the affiliate may buy it back at a price at least equal to the equity that the homeowner has paid into the mortgage.[5]

Habitat homeowners in the United States pay no interest on their no-profit mortgages. Habitat for Humanity organizations outside the United States adjust the no-profit loans to compensate for the inflation rate in their area, with the goal that "the repayments from one house should ideally build another house of the same design."[6]

Habitat builds simple houses with locally appropriate materials. This could mean concrete block homes in Third World nations or poured concrete-walled homes in hurricane-prone regions of the United States. Chapters of Habitat in more developed countries are strongly encouraged to donate ten percent of the money they raise for local housing to the national group for the purpose of building Third World homes. For instance, Habitat New Zealand’s tithe helps to support an equal number of housing outcomes abroad, predominantly in the Pacific region.

Habitat relies on volunteer labor in order to construct simple and affordable homes for its partner families, as well as to build community and civil society in the areas in which it works. Most volunteers are unskilled prior to first working with Habitat, although some professional or retired tradesmen or contractors may donate their services. Many churches and other houses of worship (synagogues, temples, mosques etc.) sponsor houses and provide a large amount of the volunteers from their congregations. Some corporations and businesses who value good corporate citizenship provide financial support to the projects and/or donate materials for use in construction. Many politicians and celebrities have volunteered with Habitat, reflecting its profile as a highly regarded non-profit.

Habitat for Humanity International develops special programs to support local Habitat organizations. These programs are designed to engage specific groups for annual projects or on an ongoing basis.

Habitat has initiated a special program to help restore housing to the areas affected by Hurricanes Katrina and Rita. The effort is focused on getting the local affiliates in these areas back on their feet and prepared to build for their communities. It has also become a catalyst for other organizations, corporations and the government to provide help and support in rebuilding these areas, and has received considerable national media attention.

The program pre-builds housing components in nearby less-affected locations such as Jackson, Mississippi, allowing much of the construction to be accomplished while basic infrastructure is being restored. Pre-constructed components can then be shipped to the affected areas and built at a faster rate. Within two months of the time of the disaster, construction had begun on houses in the Louisiana cities of Covington and Slidell, near New Orleans.

Operation Home Delivery is Habitat for Humanity International’s hurricane rebuilding program, Harry Connick Jr., and Branford Marsalis are honorary chairs, and one of the many projects along the Gulf Coast, is the Musicians’ Village at New Orleans Habitat for Humanity.[7]

Habitat for Humanity runs a year-round alternative break program known as Collegiate Challenge for student groups age 16 and up.[8] Although summer, fall, and winter break trips are available, most participants go during their spring break. Collegiate Challenge volunteers travel to affiliates throughout the United States and participate in week-long building activities at their host’s work sites. More than 14,500 volunteers took part in Collegiate Challenge in 2008, making it one of the world’s largest alternative break programs. Since its inception in 1989, more than 150,000 students have participated in Collegiate Challenge.

As suggested by the name, Habitat for Humanity International places a strong emphasis on building outside the United States. Its international character dates back even before its formal inception, as founder Millard Fuller received considerable inspiration while on a three-year trip to the Democratic Republic of Congo (then Zaire) during which he and his family sought to apply Koinonia principles outside the limits of the small Georgia farm.

Volunteers today can build with Habitat affiliates throughout the world on Global Village Trips.[9] After having gone through training, trip leaders organize travel plans with the support of the Americus-headquartered Global Village Department, first formally established in 1988. Participants from all over are then able to register for trips to their destination of choice. Teams generally number between eight and fifteen, with trips usually last between nine to fourteen days.

When people of different faiths and cultures come together to build a house, individuals learn from and find new respect for one another. Coming together for the common goal of building a house with a neighbor in need has proven to be a successful way for bringing healing to divided communities and creating a sense of cross cultural unity.

There are many projects that go hand in hand with the house building projects that allow these homes to supply their own electricity through the use of solar. US companies such as Pacific Gas and Electric (PG&E) have partnered with Habitat for Humanity to provide complete solar grids for a few homes.[10] There are also other solar projects, mostly in the US, like one in San Francisco,[11] as well as normal citizens that are trying to make a difference by raising funds to get more of these solar homes built.[12]

During Home Builders Blitz 2008, more than 1,000 building industry professionals in 110 Habitat for Humanity affiliates built 263 new homes across the United States. This was the second national Home Builders Blitz program, which was begun on the local level in 2002 in Raleigh, N.C. Since then, the professional homebuilders industry has supported Habitat by building more than 800 homes.

Former U.S. President Jimmy Carter became involved with Habitat for Humanity in 1984 and has since become its most high-profile proponent. He has been involved in fund-raising and publicity as well as actual homebuilding, taking part in the annual Jimmy Carter Work Project "blitz build".[13]

In 2008 Habitat for Humanity celebrated the 25th annual building project with the Carters and renamed it to include Mrs. Carter. The Jimmy and Rosalynn Carter Work Project focused on supporting the Gulf Coast community seeking to rebuild after hurricanes Katrina and Rita. Despite periodic downpours, volunteers got most of the work done during one week in June to finish building and fixing 60 houses and frame 48 more.[14]

Originating in 1991 with a Charlotte, North Carolina home built entirely by a crew of female volunteers, Habitat’s Women Build program encourages women to make a difference by building homes and communities. Women Build projects provide an environment in which women can feel comfortable learning construction skills they might not otherwise have the opportunity to learn. Globally, more than 1,200 homes have been completed by Women Build volunteers. [15]

Habitat ReStores are retail outlets that re-sell new and used building and household materials donated by large companies, job sites, and individuals. For some Habitat affiliates, like Habitat for Humanity Toronto, the ReStores generate sufficient revenue to cover all administrative costs. This means that every dollar donated to the organization goes directly to home building, and not to pay for overhead such as administrative costs.[16]

The video for rock band Bon Jovi’s song "Who Says You Can’t Go Home" features Habitat for Humanity volunteers as well as the band building homes as part of Habitat for Humanity in Philadelphia, close to Bon Jovi’s native New Jersey. It reflects Jon Bon Jovi’s dedication to the organization and highlights the importance of community unity, faith, and involvement.

The Habitat Bike Challenge began in 1995 as a product of Yale University’s Antony Brydon’s desire to spend a summer biking across the United States while raising money for Habitat. Along the way from coast to coast, riders raise money by explaining Habitat’s mission and even building along with Habitat affiliates in the towns they stop. Riders must raise a certain amount before the trip and spend nearly three months of their summer spreading the word about Habitat and getting communities involved. Bike and Build grew out of the Habitat Bike Challenge in 2002. Over five seasons, Bike & Build has contributed ,144,231 to housing groups to fund projects planned and executed by young adults; this includes 1,327 donated from the summer of 2007.[2]

Although Habitat for Humanity enjoys high name recognition and regard as a non-profit, it has also been the subject of criticism. An article in the Weekly Standard [17] magazine questioned the cost-effectiveness of Habitat building projects. It is difficult to estimate effectiveness, as total volunteer hours on-site and aggregated homeowner financial data are not available.

However, Habitat houses in the United States are more affordable for low-income families than commercially built houses because volunteers help build the homes, which are sold at no profit. [18] In many countries, purchasing a Habitat house costs even less per month than renting substandard housing.[19]

Families are required to show an ability to pay for their home in addition to the need for housing. With these requirements, homeless and low income families may fail to qualify for a Habitat home. Most American Habitat affiliates perform credit checks and criminal record checks on applicants before partnering with them for the construction of a home. Some critics therefore allege that Habitat misrepresents the nature of its work by partnering with families that might be considered nearly "middle-income."[20] To address this, many Habitat affiliates in the United States partner only with families that fall below the government-set "poverty line" for their area. The current poverty rate is measured according to the United States Department of Health and Human Services Poverty Guidelines.[21]

The credit and income requirements help assure that Habitat applicants are able to maintain their houses. Foreclosures on Habitat houses have been very low: 2%, according to official figures. The homeowners’ monthly mortgage payments are used to build more Habitat homes.[22]

Habitat’s founder, Millard Fuller, and his wife were dismissed by the Habitat board of directors on January 31, 2005, citing “a pattern of ongoing public comments and communications by the Fullers that have been divisive and disruptive to the organization’s work”[23] after Fuller was accused of "suggestive comments and inappropriate touching" toward a female employee during a ride to the Atlanta airport in 2003. Some Fuller supporters claim that the firing was due to a change in corporate culture.[24]

Before Fuller’s termination, attempts were made by former President Jimmy Carter to broker an agreement that would allow Fuller to retire with his ,000 salary intact; when Fuller was found to have violated the non-disclosure portion of this agreement, he was subsequently fired.

In response to his dismissal from the project he founded, Fuller has established The Fuller Center for Housing.

In January 2008 a dispute arose between the parent organization and an unspecified number of local Habitat for Humanity affiliate organizations over the terms of their cooperation agreement. These local affiliates contended that the agreement gave the international organization too much power over the assets and operations of the local chapters. One of the affiliates, Habitat for Humanity of San Antonio, reached an agreement with HFHI in July 2008 to “continue working together in their efforts to make affordable housing possible.”[25]

Minnesota’s rural residents deserve access to the benefits of broadband
The benefits of broadband technology are undeniable. More and more rural Americans are using broadband to connect with doctors, telecommute, run small businesses, and access educational resources. However, about 6 percent of Minnesota’s homes have little or no access to broadband Internet. In May, state officials passed a law to help rectify this deficit and set a goal to give every resident …
Read more on MinnPost

SBA’s Recovery Act loan programs provide new incentives for small businesses to help them through these tough economic times. This interview features Jim O’Connor, director of the Small Business Training Network, and Janet Tasker, Deputy Associate Administrator for the Office of Capital Access. They discuss how the America’s Recovery Capital, or ARC, loan can help viable small businesses experiencing financial hardship. For more information on SBA’s ARC Loan program, see www.sba.gov . For information on all of SBA’s Recovery Act programs and activities, see www.sba.gov .
Video Rating: 3 / 5

Business Leasing

xblackmindx — Wed, 01 Sep 2010 02:37:20 +0000

Business Leasing

Having just completed the Canyon Leasing Training program (www.CanyonLeasing.com) I am embarking on building my own Leasing Company. In hopes of developing relationship with small business the acquire equipment I have outlined the benefits of leasing in this article.

While 80% of all US businesses have leased equipment at one time or another, some may not be aware of the benefits, nor of the hidden costs involved with leasing. Sometimes leasing equipment, instead of buying it, can be the best option for your business. However, there are many variables that should be considered, including costs, use restrictions, and legal implications.

Leasing operating equipment, such as computers, vehicles, and machinery, often makes more sense than buying. However, while favorable leases are often good bets, unfavorable ones can easily sink an emerging venture. While doing your legal homework can help prevent bad deals, it’s always a good idea to have a lawyer look over a lease before signing it.

Benefits of Leasing Equipment

1. Leasing is Flexible.

Companies have different needs, different cash flow patterns, and sometimes irregular streams of income. For instance, startup companies typically are characterized by little cash and limited debt lines. Mature companies might have other needs – to keep debt lines free, to comply with debt covenants, and to avoid committing to equipment that may quickly become obsolete. Therefore, your business conditions – cash flow, specific equipment needs, and tax situation may help define the terms of your lease. Moreover, a lease provides the use of equipment for specific periods of time at fixed rental payments. Therefore, leasing allows you to be more flexible in the management of your equipment.

2. Leasing can be Cost-Effective.

Equipment is costly and some of the costs are unexpected. When you lease, your risk of getting caught with obsolete equipment is lower because you can upgrade or add equipment to best meet your needs. Further, your equipment needs can change over time due to changes to your company, such as diversification. Leasing allows you to stay on the cutting edge of technology.

3. Leasing Has Tax Advantages.

Rather than deal with depreciation schedules and Alternative Minimum Tax (AMT) problems, you, the lessee, simply make the lease payment and deduct it as a business expense.

4. Leasing Helps Conserve Your Operating Capital.

Leasing keeps your lines of credit open. You don’t tie up your cash in equity. Also, you avoid costly down payments. With other advantages such as off-balance sheet financing, leasing helps you better manage your balance sheet.

Although leasing does provide benefits to business owners, there are hidden costs to deal with, and business owners need to be aware of such costs.

Hidden Costs of Leasing

1. Non-Cancellable Agreement

When entering into a lease contract, the business owner agrees to make all the lease payments to the end of the term. While there is no penalty for early payoff, the full payments are normally required to pay off the lease early.

2. Document Fees

These fees are administrative costs due upon signing the lease and range from to as much as 0 or more, depending upon the complexity of the lease contract and size of the transaction.

3. UCC-1 Fees

These are fees required by the Secretary of the State where the equipment is being leased. The fee is usually is a one-time percentage that is due upon signing the lease documents.

4. Taxes

In most states, there is a tax on goods purchased. Some states tax at 5 or 6%, or more. The tax is factored into the lease payments, so be prepared to calculate this cost, as it could increase your monthly lease payments or more per month depending upon the total cost of the equipment, and the state of purchase.

5. Insurance

A section in the lease documentation will require that the equipment be covered by insurance. Here the leasing company is protecting their interests. They want to make sure they will be fully compensated for the equipment in the event of fire, theft, flood, etc. Most business owners will already have adequate insurance on their building to cover such equipment (if it is contained and used inside). However other companies using more portable equipment (such as lift trucks, golf carts, hydraulic lifts, bulldozers, etc.) may need to take out additional insurance to assure adequate coverage.

The bottom line is that when you are deciding to lease equipment, be certain you are aware of all costs involved with the transaction. Then balance them against the benefits to choose the appropriate choice for you and your business.

Albert Lindenberg

Canyon Leasing

Al.Lindenberg@CanyonLeasing.com

Experience: 33 years in leasing and banking industry.

Entrepreneur: Started a one man broker leasing company (LeaseComm Financial Services) and, after years of profitable growth, sold LeaseComm to a public company (Advanta Corp.)

Professional Business manager: Grew Advanta Leasing into one of the largest independent small ticket equipment leasing companies in the United States. This included developing a broker network that generated over 0 million of equipment leases per year with over 400 employees.

Educator: Professor in the Finance and Business departments of:

LaSalle University

Cabrini College

Camden County College

Founder and board member of Advanta University

For lease

Image by kevindooley
More business sorrow from Main Street… quite literally Main St., Mesa, Arizona. Eximus Wide & Slim with Kodak Tri-X 400.

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NEW BUSINESS LICENSES: Week of August 23, 2010
NEW BUSINESS LICENSES: Week of August 23, 2010
Read more on The Tampa Tribune

Instant Business Loans – Loans for Every Business Need

xblackmindx — Tue, 31 Aug 2010 16:24:08 +0000

Instant Business Loans – Loans for Every Business Need

Instant business loans cater to small and big business both. We all know that business involved money transactions daily. If you fall short of cash at any time, you can suffer huge losses. To avoid such losses, the online financial institutions are offering business loans.

Business loans can also be secured loans or unsecured loans. Secured loans require the person applying for the loan to place any kind of property or any other valuable object as collateral. On the other hand, if the business man has nothing to place as collateral, he too can apply for loans: unsecured loans.

You cannot afford delays in taking business decisions. And furthermore, you cannot delay the implementation of those decisions because each second means more profit. Delay can lead to unwarranted loss. You may need loan to buy raw material, to hire vehicles to deliver goods on time. Whatever be the reason, you can approach one of the online financial institutions to apply for the instant business loans.

Business loans are not only for existing businesses. If you have a plan for a new business and are looking for funds to implement the plan, you may find it hard to fund your project. As you are a newcomer to the world of business, you may face lots of problems in getting the loan sanctioned at your local banks. But there is an easy way out. You can take the loan from the online money lenders.

As with other online loans, you can apply for the instant business loans even if you have a bad credit score. The thing is you get the loan much faster and easily than the local banks, as there are fewer formalities to be followed. You can also make use of these loans to get your credit score back on the track. As you pay your monthly installments on time, your score improves. This makes way for your future needs.

Jennifer has been associated with Loans. Having completed his Masters in Finance from Lancaster Uni. Management School, he undertook to provide useful advice through his articles. To find Secured business loans , Small business loans, Unsecured business loans visit http://www.businessloansuk.net

Oriented.com Happy Hour – 06/25/08 @ the Lava Lounge, SF

Image by yummyporky
Oriented Happy Hour in San Francisco Bay Area was held on Thursday, June 26 at Lava Lounge. The featured guests is Wokai, a capital-contributing microfinance intermediary in the China microfinance field

ORIENTED is a global network of international professionals interested in Asian business and partnerships, with more than 30,000 members worldwide. Our signature service, the ORIENTED Happy Hours, are "simultaneously" held on the last Thursday of every month in more than ten cities around the world, providing international networking opportunities and global guanxi for our members.

Wokai is a capital-contributing microfinance intermediary in the China microfinance field. Wokai is specifically committed to raising loan capital for microfinance institutions (MFIs) in China. Our organization achieves this goal through creating an internet platform that empowers individual contributors to provide Chinese microentrepreneurs with loan capital. To facilitate this capital transfer, Wokai partners with local MFIs that are responsible for both dispersing capital and monitoring microentrepreneurs. Through utilizing the power of the internet, Wokai reaches out to individual contributors, a funding source generally inaccessible on the large scale to non-profit organizations operating in China. This unique approach allows Wokai to provide new capital resources to the microfinance sector, thereby expanding financial opportunities for the poor in China.

Appeal from victim of the Brookes Business School saga
I am Edwin, a local born citizen, and am now in my twenties. I acquired a CAT certificate from Singapore Accounting Academy (SAA) in 2005, and a diploma in Computer Engineering from Temasek Polytechnic in 2006. Due to the employment market condition back then, I chose to pursue a degree in Banking and Finance instead [...]
Read more on The Temasek Review

Video from our FREE Online Business Course www.myownbusiness.org Session 8 Accounting and Cash Flow Question “Why is a good understanding of accounting important for running your own business?” Maureen Costello Wholesale Distributor Topics covered in this video: Understanding business accounting, cash flow, taxes, loans Transcript: I think that if an entrepreneur doesn’t have a good understanding of accounting there will be a very high probability of failure. Accounting is the way you keep track of how well your business is doing. It’s how you keep track of your cash. If you run out of cash, even if your sales are growing and your profits on the books are high, you’re out of business. You can go bankrupt even with a successful business. So the only way you’re going to know is if you do really good accounting, do cash flow projections and really watch your cash. So that’s number one. Secondly, you have pay taxes; you have to be in compliance with the tax laws. If you’re not very good with accounting you’re going to have problems with the IRS. They too can put you out of business. So you want to be sure you know what you’re supposed to be doing from an accounting point of view. Also, you won’t be able to get bank loans if you don’t do a good job at accounting because you have to have financial statements that you can bring to a bank that are in the format that they are accustomed to, in order to gain their confidence to loan you money. So there are a number of reasons why …

Loan Officer Marketing Business Plan – Let Smartleadz Help Make 2010 A Success!

xblackmindx — Mon, 30 Aug 2010 03:17:48 +0000

Loan Officer Marketing Business Plan – Let Smartleadz Help Make 2010 A Success!

Loan Officer MARKETING BUSINESS PLAN Strategy

WHAT ARE YOUR CLOSING GOALS FOR 2010?

Mortgage Lead Campaign vs. Traditional Advertising

Your 2010 Loan Origination Marketing Plan:

Number of Desired Loans to Close:

Conversion Rate vs. Number of Leads Needed

100

20%

500

200

20%

1000

500

20%

2500

Consider the total cost to close 200 loans.

Advertising in the paper, direct mailings, list purchases, Yellow Pages or developing a web site could run as much as ,000+ per month, easily. You could spend that much each month on the Yellow Pages alone!

All of this advertising could gain you only shoppers and customers who will contact 5-10 different sources.

Advertising does not necessarily delivery qualified or motivated customers who are in the market for your service right now.

Now, let’s say you purchase 1,000 leads from a source that has qualified and motivated borrowers who are looking to close a mortgage now.

The total cost for 1,000 leads would be ,000. If you close 15-20% (and you should), assuming the average profit is ,000*, this means you will profit and/or make 0,000! It’s a no brainier! Huge profit can be earned on FHA, Expiring ARM, Reverse and Alt-A mortgages so your average yielded profit per loan could be much more then this scenario!

Stop paying for high cost advertising and put your dollars to work for you! With our Mortgage Leads you can succeed in closing more deals – now. SmartLeadz has perfected every means to generate quality leads and delivery them to you in real-time and on budget!

Discover how easy it is to stay ahead of the competition. Don’t just survive in today’s market… THRIVE!

Speak To a Lead Specialist Today: 585-478-3335

SmartLeadz™ has an array of powerful and effective marketing tools and techniques designed for your success. www.smartleadz.com
Phone: 585-478-3335

Anglo Irish Bank’s loss hits .4 billion
Nationalized lender Anglo Irish Bank said Tuesday that its first-half net loss widened to 8.21 billion euros (.37 billion) due to rising impairments on bad loans as well as losses from the sale of risky assets to a government-run “bad bank.”
Read more on Market Watch

Mortgage business owner Kyle Dawson present a seminar on theTop Ten Mistakes People Make Getting a Home Loan (excerpts).

Casino Games Right Now

xblackmindx — Mon, 30 Aug 2010 02:11:56 +0000

May be, after opening casino games slots, you say in mind, “How are you hi, my best?” And the slots say, “I am fine!” But, about the slots’ answer, it is really from you, yourself. You are falling in love with slots the generation. You are interested to its beautiful face. You are staring at its figure that really looks since from top of its hair till its toe, meaning all. It is so prefect. May be it has never happened before. You are seeing its face. You are finding some points. You are making your feeling closer and closer. Even, at that time, you want to say an unspoken thing. Really, the unspoken thing is “I love you.” You are so shy. You are bashful to admire yourself. You are not brave to cross the specific area. You are like waiting something, but you don’t know what a kind of the something?

Your casino games slots is working. You are in your concentration. You are in your concerning to your casino. It is a big step. You have made a decision right up on your interest. You are trying to put your tactic. How many time the tactic should be out from you. It means that your tactic has got a specific place on the gaming or gambling. Tactic is often forgotten. If should be happened, it means you have ignored the tactic. The last really is not necessary when you are facing an urgent event. For going back, you yourself should be courage to go back to your memory. It is very interesting when you are in a wondering feeling. How nice it is. It is like a war. You should speak to any officials. Your staffs should give any possibilities to win the war. Now the officials are your mind’s sub-elements. And your staffs are your elements. But about elements and sub-elements are not full in concept. They are in learning by doing. They are used by you to facing the reality. And you are so happy because of being able to continue all of every moment.

You have been successful in achieving some moments. And you with your casino games slots are very comfortable. The situation is so special because of your brilliant knowledge that comes on time to finish the game. The Casino Game has taken a part in this case. Its presence is an invisible form. But all of the presence’s existence has given a wonderful power from internal side. From the internal side, the presence of the knowledge moves and moves like a flash movement of a plain. “Go ahead!” the knowledge says. And you are so confident.

KHC8MUKV5XSP

xblackmindx — Mon, 30 Aug 2010 00:15:05 +0000

KHC8MUKV5XSP

Loans For New Business: Strong Monetary Support For Your Business

xblackmindx — Sat, 28 Aug 2010 07:18:56 +0000

Loans For New Business: Strong Monetary Support For Your Business

Are you looking to start your own business? Facing lack of finance to start up a new business? Want strong monetary assistance for your business? Chill! Today’s financial market is flooded with great offers that can help people to start their own business without taking tension about finances. One of the most favorable loan schemes available for such purposes is of loans for new business. These loans provide good amount of funds to the people who are willing to fulfill their dream of new business. This will help them to take finances for coping with business related finances without any hurdle.

These kinds of New Business Loans can be an effective financial option for you to overcome the problem of financial hardship effectively. These loans are available in two ways that are secured loans for new business and unsecured loans for new business. For availing the secured loans for new business you are required to put any of your assets as security against the loan amount. These loans are best for meeting expensive needs as you can borrow huge loan amount in the range of £5,000 to £75,000 for the longer repayment period of 5 to 25 years at low interest rate.

On the other side, the unsecured loans for new business are free from any obligation of placing any security to the lender against the loan. These loans are right choice for tenants and non-homeowners. Under these loans, you can fetch funds anywhere in between £1,000 to £25,000 for the short and flexible reimbursement duration of 1 to 10 years. These loans come up with comparatively high interest rate, due to lack of collateral. However, it can be easily negotiated by searching out competitive online financial market carefully.

The amount obtained through New Business Loans help you to satisfy many of your business related needs like purchasing raw material, buying a shop or machinery, arranging furniture for the office, giving huge office rent, buying computers or laptop and many more.

Fabio Madore can tell you how to look better, live better and breathe better by giving you tips to improve your finances. His ideas can help you rejuvenate your money. To find business loans, New Business Loans, loans for new business, unsecured business loans, bad credit new business loans visit http://www.newbusinessloans.org.uk

Mark Evans, Derek Ross & David Willetts

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(L-R) CSC Manager Mark Evans, Derek Ross and Universities Minister David Willetts.

Mr Willetts tours Student Finance England’s Darlington office to see how staff will process student loans and grants this year.

For more information, see www.bis.gov.uk/news/topstories/2010/Jun/student-finance-r…

Lloyds Says So Long to Ireland
After losing about .43 billion on bad loans in Ireland in the first half of 2010, Lloyds Banking Group is pulling out of the country.
Read more on New York Times

Any Kind of Financial Aid Plus An Easy Online Loan Application Bad Credit Loans,Home Loans,Auto Loans,Commercial Loans,Business Loans,Mortgage,Dept Consolidation,Credit Card Auto Financing Apply online to compare rates for low interest car finance and get instant approval regardless of past…

Unsecured Start Up Loans for Small Business ? is it a Good Idea?

xblackmindx — Fri, 27 Aug 2010 11:19:06 +0000

Unsecured Start Up Loans for Small Business ? is it a Good Idea?

First-time small business owners usually are chary of unsecured start up loans. This is because the time frame for making a profit is not definite whether or not there is a properly thought out and lucrative business plan in place for the future business.

When profits or revenues do not materialize per plans, as in most cases, there is danger of default on loan repayment. When this happens credit rating of the person involved gets degraded as unsecured loans are granted on the basis of credit and borrowing history of the business owner.

And if there is bad credit history behind, he/she can very well forget that small business loan. Let’s discuss some more aspects of unsecured small business start up loans.

Some Facts

If the credit history of ‘to be’ small business owner is good, unsecured start-up business loans are easier to avail as compared to other business loans. But it is better to go for secured loans against property or equipment affiliated with the business.

Secured loan not only keeps personal credit rating intact but poses lesser risks for the business owners, because they can use the hypothecated equipment to generate a profit for the business. As a result the loan can be paid back on time. Not just that, secured loans are for longer tenure and come with lesser interest rate burden, thereby lowering the cost of loan.

But if you have decided to apply for unsecured small business start-up loans, you should be careful about the requested amount. Remember, the more you owe on the loan (including interest), the more will be the money which you have to repay.

If you are not exactly sure how well the business will do in the first year and want to keep your credit rating good, it is best to request a small amount for your unsecured start-up business loan. This will make sure that repayment installments are small and if you are punctual in repaying, you can always ask for more, which will be gladly given.

Some Advice

Before you apply for an unsecured business start-up loan, there are several things that you should keep in mind.

First of all, you will need to convince the lender that it is a good decision to issue the loan to you. Since unsecured loans are based on your credit and repayment history, you will have to convince lenders that you can handle your personal finances in an organized fashion. Good credit record will put lenders at ease since they will be able to see your repayment history on your credit report.

Since lenders will be looking at your credit report, you should maintain a positive report as far as possible. If you know that you owe certain lenders, you should try to settle these debts or set up a payment plan with your creditors. This will be visible on your report.

Before you make any final decisions about unsecured start-up loans for business, be sure to speak to an accountant or a representative from your local bank. This will make sure that you are applying for the right loans which would help your business to develop quickly and steadily. You must not take a decision unless you are convinced.

Antony eldwin is financial adviser specializing in consulting for Small Business Start Up Loans and Bad Credit Small Business Loans. He also has interest in writing and has contributed several useful articles on various online platforms.

Sweqani Tudo, Jharkhand, India

Image by Find Your Feet
Find Your Feet supports women in India to work together in Self Help Groups.

Self Help Groups are small groups of people from communities that meet twice a month, once to deal with saving and credit matters, and once to focus on community development issues.

SHGs therefore work as an essential platform for change in many of FYF’s projects.

They provide a key way for people to access training, loans and support so that they can develop small businesses.

They also empower people to have a voice in their community. By working together SHG members, particularly women, start to develop the confidence to talk openly about the issues that matter most to them.

Read more about the power of the Self Help Group on our Blog: findyourfeet.wordpress.com/category/empowering-women/

Small businesses should have gotten more hurricane recovery jobs, study finds
Small businesses got 13.9 percent of the money, far from goal of 23 percent
Read more on New Orleans Times-Picayune

Business Start Up Loans: Execute your Business Ideas

xblackmindx — Fri, 27 Aug 2010 04:39:40 +0000

Business Start Up Loans: Execute your Business Ideas

If the business plans are ready then what is the next move? Of course! The money matters and it is the fuel that lets the business keep on running. But unfortunately, some run shortage of funds and seeks some aid in the form of loans. Business Start Up Loans is one such boost giving loan scheme to business ideas. With this financial benediction one can set a fresh venture and extend it to their expected horizon.

The commercial finance is let loose into two options: secured and unsecured. Secured is associated to pledging of collateral and follow and elongated repayment term from 10-25 years. Unsecured is the alternate option and bestow funds that are unable to use collateral for loan. While pledging collateral, applicants should always know the fact that the higher the equity of collateral carries the more they can apply and approve. The repayment period is scheduled from 1-10 years. By clicking on the option according to your ability, you can execute miscellaneous commercial ends. For example: purchasing commercial sites, machineries, equipments, maintenance of office, transportation cost, recruitment of employees and their salaries are to be listed a few. Business professionals can also invest in shares and stocks that give them high returns.

Bad credit is definitely a matter that should be worried and dispersed at the earliest. In this loan, they are not deprived from the benefits rather offered the same benefits at the same cost. The best and easiest way to procure the fund is using the e-application form. It is easily available without any cost and easy to follow. Taking this facility you can collate details and approve the loan in less duration of time.

Interest rates are striking not in the sense that they are higher but that they are attractive. More suitable rates can be derived, which is also necessary, by comparing the different loan quotes. So, pick a suitable rate of interest and execute your business plans with the support of business start up loans.

Joseph b.browne is a business writer specializing in finance and has written articles on various finance matters. For more information related to Business Start Up Loans, Unsecured Business Loans, Bad Credit Small Business Loans, Bad Debt Business Loans please visit http://www.baddebtbusinessloans.co.uk/

Small Business Lending Program Creates and Saves 5,300 Jobs: FHLBank’s “Banking On Business” Program Celebrates 10th …
OLD FORGE, Pa.–(BUSINESS WIRE)–FHLBank’s small business lending program celebrates 10th anniversary, creates or saves 5,300 jobs; next funding round arrives September 1.
Read more on Business Wire

Video from our FREE Online Business Course www.myownbusiness.org Session 9 How to Finance Your Business Question “What is the worst mistake people make when making a loan request?” Rod Banks Executive Vice President, City National Bank Topics covered in this video: Business loans, financing, mistakes, preparation, using a business plan There are a lot of mistakes that first time entrepreneurs can make when making a loan request. The first one is not having that business plan: one of the most important tools a start up entrepreneur can have. It will describe your business and tell the banker what your vision is for your company and where you want to ultimately take your company. Not being able to articulate that vision is another mistake that people have. Someone might say that they want to be in the automotive business but they don’t do a good job of explaining exactly what specialty they actually want to be in. Also I would say having unrealistic financing expectations. A lot of people come in and expect the moon. You’ve got to realize you don’t have that track record yet to present to a banker. So you’ve got to be realistic. Lastly, you’ve got to be professional in how you approach the banker. You really do need to be prepared; you need to think it through and perhaps present your business plan to some friends to let them ask questions about it. So, the more professional you become, the better off you’re going to be in that loan application phase.

Fast Merchant Loans for Small Business

xblackmindx — Mon, 23 Aug 2010 11:09:08 +0000

Fast Merchant Loans for Small Business

The current lending market is tough, especially for small businesses. The traditional bank loans and small business loans are more difficult to get than ever before. If you don’t have near perfect credit and lots of collateral you probably will not qualify for a traditional loan. One type of loan that you may have overlooked is a merchant cash advance.

Many businesses have turned to credit cards for most or all of there lending needs. If you accept credit cards and have been in business for at least one year a merchant cash advance is most likely a better option. They generally cost less than financing through a credit card and they have flexible monthly payback schedules based on the amount of credit cards your business processes each month.

Merchant cash advances are based on your monthly credit card receipts. They are short term, between six months to one year, but can often be renewed. Loans amounts vary starting with small amounts of around 00 and going all the way up to million. The amount available to your business will be based on the amount of credit card revenue you process each month.

Since a cash advance is based almost entirely on a businesses credit card receipt history, the application process is quick and easy. Tax returns are not required and credit scores are not nearly as important as they are with other types of loans. They are also flexible and can be used for any thing your business needs. You might need to grow your business, pay off debt or simply cover everyday expenses.

Some industries are considered high risk to lender and may find it even harder to get a loan. The restaurant industry is a good example. Many lenders won’t even consider these types of business for a loan. Merchant cash advances are available for even high risk businesses as long as they process credit receipts monthly.

If you are in need of capital quickly a merchant cash advance might be the perfect solution. Some business owners worry about the hassle of changing credit card processors. While this is a requirement of some cash advance companies, there are companies out there that no longer make this a requirement. A merchant cash advance is one of the most fast convenient small business loans available today.

Karen Morgan is a consultant with Business Funders, an online broker specializing in business loans and merchant cash advances.

Like a well eaten arm unable to fly, our economy is in a constant state of flux …………… to be quite….. ……………….

Image by Jon Haynes Photography
www.youtube.com/watch?v=_dmPchuXIXQ&feature=channel_page

images.google.com/imgres?imgurl=http://www.hereticalideas…

Do you trust your government? There are many reasons for you to doubt your government.

this is how I believe the U.S. feels now… how I believe I feel now.

Bailout type Cost to taxpayers (Source: Reuters)
Financial bailout package approved this week up to or more than 0 billion
Bear Stearns financing billion
Fannie Mae and Freddie Mac nationalization 0 billion
AIG loan and nationalization billion
Federal Housing Administration housing rescue bill 0 billion
Mortgage community grants billion
JPMorgan Chase repayments billion
Loans to banks via Fed’s Term Auction Facility 0 billion+
Loans from Depression-era Exchange Stabilization Fund billion
Purchases of mortgage securities by Fannie Mae and Freddie Mac 4 billion
POSSIBLE TOTAL .8 trillion+
NUMBER OF HOUSEHOLDS PER U.S. CENSUS 105,480,101
POSSIBLE COST PER HOUSEHOLD ,064+

Last week, the Bush administration proposed a three-page bill to bail out Wall Street to the tune of 0 billion. It died in the U.S. House of Representatives earlier this week.

On Friday, though, the House approved a far bigger, broader, and beefier version of the bill–which has ballooned to a remarkable 442 pages. The vote was 263 to 171, with the bulk of the opposition coming from Republicans. Because the Senate already approved the measure, it immediately went to President Bush, who signed it into law.

On the theory that this would be a way to convince previously skeptical Democrats to approve the measure, one large chunk of the bailout bill is devoted to renewable energy, energy-efficient appliances, and so on (the "Energy Improvement and Extension Act of 2008"). The authors lured Republicans with protections from the alternative minimum tax (via the "Tax Extenders and Alternative Minimum Tax Relief Act of 2008").

That includes, as the New York Post pointed out, millions in tax breaks and related pork for kids’ wooden arrows, Puerto Rican rum producers, auto race tracks, and corporations operating in American Samoa. (The likely explanation for the latter: StarKist has a large tuna-canning operation in American Samoa. And StarKist’s parent company happens to be located in the district of House Speaker Nancy Pelosi.)

The bill has become, in other words, something almost unrelated to the business of bailing out Wall Street. The Beltway term for this is a "Christmas tree bill," meaning everyone gets to hang their favorite spending projects on it–though by the time Congress gets it through, it more closely resembles a slop bucket.

"We will not Christmas-tree this bill," Sen. Chuck Schumer, a New York Democrat promised a few days ago. "The times are too urgent. Everyone has their own desires and needs. It’s going to have to wait."

So much for that idea.

Here’s a look a some of the green-tech measures:

• One-year extension for wind and refined coal energy tax credits. A production credit for electricity produced from renewable marine energy sources (meaning through wave power and river power, or by exploiting the differences in ocean temperature). Energy credits for "small wind properties," geothermal heat pump systems, and energy-efficient residential properties.

• New renewable-energy bonds. Up to 0 billion in energy bonds may be offered to the public, with a third from "public power providers," a third from governments, and the remainder from "cooperative electric companies."

• Tax credits for "cellulosic biofuels" and for "carbon dioxide sequestration." An extension of an alternative fuel credit. Tax credits for "new qualified plug-in electric-drive motor vehicles." Bicycle commuters get a nod, as do regulations aimed at "residential top-loading clothes washers."

IRS undercover operations: Privacy invasion?
The bailout bill also gives the Internal Revenue Service new authority to conduct undercover operations. It would immunize the IRS from a passel of federal laws, including permitting IRS agents to run businesses for an extended sting operation, to open their own personal bank accounts with U.S. tax dollars, and so on. (Think IRS agents posing as accountants or tax preparers and saying, "I’m not sure if that deduction is entirely legal, but it’ll save you ,000. Want to take it?") That section had expired as of January 1, 2008, and would now be renewed.

Starting with the so-called Anti-Drug Abuse Act in 1988, the IRS has possessed this authority temporarily, with occasional multiple-year lapses. A 1999 internal report said the IRS had 126 "trained undercover agents" working in field offices at the time. This is the first time that such undercover authority would be made permanent.

Sens. Max Baucus (D) and Chuck Grassley (R) have been pushing to make it permanent for a while, claiming (PDF) in April that: "Undercover operations are an integral part of IRS efforts to detect and prove noncompliance. The temporary status of this provision creates uncertainty, as the IRS plans its undercover efforts from year to year."

There’s another section of the bailout bill worth noting. It lets the IRS give information from individual tax returns to any federal law enforcement agency investigating suspected "terrorist" activity, which can, in turn, share it with local and state police. Intelligence agencies such as the CIA and the National Security Agency can also receive that information.

The information that can be shared includes "a taxpayer’s identity, the nature, source, or amount of his income, payments, receipts, deductions, exemptions, credits, assets, liabilities, net worth, tax liability, tax withheld, deficiencies, overassessments, or tax payments, whether the taxpayer’s return was, is being, or will be examined or subject to other investigation or processing, or any other data received by, recorded by, prepared by, furnished to, or collected by the Secretary with respect to a return."

That provision had already existed in federal law and automatically expired on January 1, 2008.

What’s a little odd is that there’s been little to no discussion of the IRS sections of the bailout bill, even though they raise privacy concerns. Treasury Secretary Henry Paulson said this week: "I will continue to work with congressional leaders to find a way forward to pass a comprehensive plan to stabilize our financial system and protect the American people by limiting the prospects of further deterioration in our economy." He never mentioned the necessity of additional IRS undercover operations.

The bailout: Details, controversy, and loopholes
As my colleagues over at CBSNews.com reported on Friday, the law authorizes the Treasury Department to create a so-called Troubled Assets Relief Program, or TARP, as well as a separate insurance fund.

The TARP program permits the Treasury to purchase mortgage-backed bonds or any other "troubled assets" from financial institutions. The idea is that because banks have become so hesitant to lend to each other, this law will help unstick the gears of the modern financial economy.

Some loopholes exist. It’s possible for a bank to buy 0 billion of bad debt–perhaps in the form of subprime mortgages that are becoming quickly worthless– declare bankruptcy, and sell it to the Treasury Department for 0 billion, or 0 billion. In other words, although the Treasury Department is supposed to look out for the best interests of taxpayers, there’s no law forbidding such profits in the case of firms involved in bankruptcy, receivership, or mergers.

The Treasury Department is authorized to "guarantee" home mortgages, essentially becoming a kind of co-signer, to reduce the number of foreclosures. If the home owner stops paying his or her mortgage, taxpayers would be on the hook. The Treasury Department can also eliminate a "reasonable" amount of a home owner’s mortgage debt, under section 109 of the new law, which would likely delay the process of house prices falling.

In response to grassroots pressure from Americans upset about Wall Street executives cashing in, Section 111 is titled "Executive Compensation and Corporate Governance."

It does not include, however, any statutory dollar limit on how high executive salaries of TARP bailout recipients can be. Instead, it lets Treasury Secretary Henry Paulson, the former CEO of Goldman Sachs, come up with "appropriate standards." In addition, only the top five executives will have their golden parachutes limited; all the rest will remain untouched, even if their second-tier salaries and bonuses happen to be in the millions or tens of millions of dollars.

Bear Stearns CEO James Cayne made .3 million from selling his shares a day after the JP Morgan bailout. Daniel Mudd, CEO of Fannie Mae, was replaced last month; he made .6 million in 2007. Richard Syron was chairman and CEO of Freddie Mac from 2003 until last month. He made .8 million last year. Martin Sullivan was ousted as president and CEO of AIG this summer, and was paid a million severance package.

While salaries of failed executives will have no statutory limit, TARP-participating companies will lose a tax deduction if they pay their top executives more than 0,000 a year. The 0,000 limit only kicks in if the company offloads over 0 million in assets through TARP.

Section 115 of the law says that the administration can, after notifying Congress and waiting 15 days, purchase and hold 0 billion of assets "at any one time." (It can buy and hold 0 billion without waiting.)

This, too, is a potential loophole. It permits the Treasury Department to buy up, say, 0 billion in 2008, sell those assets off gradually over the next year at a (probable) loss, and repeat the same process in 2009. Losses to taxpayers, in other words, could exceed 0 billion. Although the Treasury Department is instructed to try to avoid losses, the text of the law does not forbid that scenario.

If the TARP ends up costing taxpayers money, the president may ask Congress to consider enacting a law to recoup "from the financial industry an amount equal to the shortfall," presumably through higher taxes. But Congress is under no obligation to do anything; a mechanism to cover the shortfall does not exist in this law.

Even though FDIC coverage will be boosted from 0,000 to 0,000 per account through December 2009, premiums to banks may not take "into account" the higher account coverage. In other words, premiums can’t increase for that reason.

Also:

• This may be just the beginning of bailouts. California Gov. Arnold Schwarzenegger said Thursday that the state may need a billion loan from the U.S. Treasury, according to a report in the Los Angeles Times. That’s because the state has spent more than it takes in through tax revenue, with an annual budget deficit of billion or more, even though its individual income tax rate is arguably the highest in the nation.

• CBS News’ John Bentley reports from Arizona that Republican presidential candidate John McCain is taking some credit for the bailout’s passage: "I’m glad I suspended my campaign and went back to Washington to bring, and help bring, House Republicans to the table," he said on Friday. Democratic presidential candidate Barack Obama described the law as "absolutely necessary to prevent an economic catastrophe."

• Rep. Ron Paul of Texas, who correctly predicted in 2003 that taxpayers would be "forced to bail out investors," said in a speech on the House floor that the legislation would "only further harm the economy" and was actually worse than the previous version. In a CNN interview, the former Republican presidential candidate said his colleagues are refusing to deal with the underlying problems and spending more tax dollars even though "this country’s bankrupt."

• The Dow Jones Industrial Average (-22 percent year-to-date) and the Nasdaq composite index (-27 percent) closed on Friday down 1.5 percent, despite the bailout. Gold ended at 4.80 an ounce, slightly up for the day and the year. Crude oil futures ended at .88 a barrel, slightly down for the day.

• U.S. jobs fell by 159,000, a decline of 760,000 this year. Technology firms have also contemplated hiring freezes and some, including Hewlett-Packard and Dell, have already laid off employees, as my colleague Ina Fried reports in a separate article.

Updated at 10:40 a.m. PDT to reflect the House of Representatives’ approval of the bill.

Updated at 3:30 p.m. PDT to add more details.

Small businesses learn hard lessons from floods
NEW YORK — When flood waters washed through Ames, Iowa, last week, Jim Howe got his latest lesson in how hard it can be to protect a business from disaster. And to recover. Howe Welding and …
Read more on Bangor Daily News

Small business loans, credit lines and working capital. 00 – 0000 in 7-10 days. 97% approval. No upfront fees. Available in all 50 states. biz-owners.askjakefor.info
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