The Advantages of Using Merchant Loans

July 8, 2013 · Posted in Debt · Comment 

Merchant cash advances are unconventional loans that help struggling businesses to put cash in their pockets fast. They tend to work well with businesses that have trouble putting up assets or that may have a poor credit history. With conventional loans, a business owner’s credit history may be paramount to an approval and the process of obtaining a loan can be difficult and time-consuming. For cash-strapped owners that need cash today, they will find that turning to merchant lenders may be the solution to their problems.

Easy Approval Process

A merchant loan is going to be based on the credit card receivable history of a company, not the credit history of the owner. This makes it far easier to qualify and the approval process can be far quicker than a conventional loan, sometimes the very next day. As long as your business is the type that can collect credit card receivables and can prove the income flowing in, then it’s not that hard to establish this type of loan as a ready line of credit. In fact, about 95% of applications are approved once the merchant lender works out a plan that will work with your business model.

Getting Set Up

It will take about a week to actually get your funds, after approval. There may also be some costs to retrofit your business to credit card equipment that can do the types of transactions that pay back your lender a portion of each credit card transaction processed from then on. However, once this is accomplished, you don’t have to worry about sending in payments, as it is all automatic. You can instead pay attention to running your business, instead of fielding credit issues. Once a loan is paid back, and your business set up, you have the option to do this type of loan again in the future for any time you run short of cash and need instant funds.

Powerful Time for Women in Business

July 8, 2013 · Posted in Business Advices · Comment 

Women are making significant progress in this recession, that is favoring industries and services that are primarily women-oriented. While the pay wage may be lower than the male industries that are suffering setbacks, like construction and banking, they are retaining their jobs and increasing their buying power through sheer staying power. Since women are the one’s with the income this time around, more and more businesses are going to cater to their needs and wants. Banks will be willing to lend a business loan to a woman, and there are even special small business loans set up to help women and minorities. It really is a golden time for entrepreneurial women who have the foresight to take advantage of the opportunities in this recession.

Setting Up a Work-at-Home Opportunity

Women can learn to set up cottage industries in their own home and take advantage of tax laws that favor this situation. It can be the source of a second income in tough times, and a way to build financial security for future success. Working from home is really easy if you have an online connection and doesn’t require extra transportation or food costs.

Getting a Good Niche

Once you’ve got your heart set on a business, it’s time to plumb the niches of your feminine mind and decide which niche might be the most profitable. There is an advantage for women in that they are not going to concern themselves with male needs and wants, and most of the unemployed are male at this time. Instead, they will be looking for niches that serve employed women with children.

Getting Financing

As a woman, and a minority, you have your pick of micro-loan projects and small business loans that you can apply for and get. They may not be large sums of money, but they can also come with needed advice and networking to get you started on the right track.

Finding The Best Travel Agency

December 5, 2012 · Posted in Service Reviews · Comment 

Some of you may be planning for a honeymoon, a business trip or annual vacation and trying to get the best deal for the trip that available. A travel agency will be your perfect place to get a great deal on your trip. On internet I think you will find easily there are many websites offering great deals and you can also consult with agent from travel agency to get everything you need to know if you’re not familiar with the place you are going to. Just make sure to check the package that provided by the agency so you know what is included and what is not in your vacation and also find one that can provide you the best service on affordable price.

Having a family vacation is everybody’s dream. You will need to talk to your travel agent and discussing about your trip from start to finish. By consulting it with your agent they can help you find a package that suits to your needs. I am sure whether your trip for honeymoon, luxury trip around the world or business trip they will have something that you are looking for. Sometimes they can get special rate for airlines and hotels just like they can help you get a discount on a vacation package or group cruise. I am sure you will get helped finding a place to stay no matter what city or destination you plan to visit or you can choose whether to stay in hotel or hostels.

After that your agent can start to book your trip and any adventures you want to take. They also can help you planning your activities from choosing museum visits to city tours and hiking. If you need a rent car they also can help you find one with the best online rates or if you need a driver they can get you a car operator. All of these services are available whether you want to travel on a corporate trip or as a tourist. Your agent or corporate travel agency will help you pick what country to visit and get your tickets. The best travel agency will treat you as a member of an elite club and will make your traveling experience more fun and enjoyable. So, talk to your travel agent and make sure your trip will be unforgettable moment no matter where you are heading.

Credit Card Repayment Protection Schemes

December 1, 2012 · Posted in Credit · Comment 

A word of warning about Credit card repayment protection schemes. The people who sell you the policy and who take out your monthly payment for ‘card protection’ are not always (in fact, often aren’t) the people who you will be dealing with in the event of a claim. So be careful.

I took out my credit card protection cover last November (2004). I merrily watched the monthly payments being taken up to date. I recently made a claim. ) I had a heart attack and had to be off work for 8 weeks) I sent off for the claim forms, I sent them back, together with doctor’s certificate; and waited. I eventually got a request from the insurance company asking me to prove that I was in work for the 6 months prior to taking out the insurance. What? You may ask! Why? Well I called them and asked them – Why? The answer was that it was a ‘condition of the policy’ that I had to have been in employment for the six months up to the time I took out the policy. ‘Why was I not asked for this information when I took out the policy? I asked. The answer: ‘You will have to ask your credit card company that, we just handle the claims. No amount of indignance of questioning got me a sensible response. I put the phone down in disgust. After all, My monthly payments were accepted with no quibble at all. Nobody asked me if I was in employment for the preceding six months when I signed on the dotted line for ‘payment protection’.

I decided to call the credit card company and all I got was an automated machine asking me for my sixteen-digit account number ? ho hum. Been here before when I was trying to get them to send me out the claim form. I put the phone down.

Be warned. All is not what it seems to be. These guys will fall over themselves to sell you the payment protection. But you wait until you need to claim on it. It’s a different story then.

Investing and Trading are Different

November 29, 2012 · Posted in Investing · Comment 

Investing and Trading are not the same thing. The returns you seek, the length of time it takes to achieve those returns, the amount of risk one is prepared to take, and the commitment one can make to monitor the investments dictate the strategy of whether to invest or trade.

Investing

Investing is holding an asset for a longer term, expecting it to increase in value. The most common example is investing in equity mutual funds through a retirement plan. Many of these funds are held for years and are expected to show a substantial appreciation over the long term.

You can also invest in individual stocks and hold them for 6 to 18 months or longer, sometimes much longer. This is referred to as the “buy and hold” strategy. Real estate would be another example of investing, unless the property is purchased for quick flipping. Jewelry, art, stamps, and collectibles are still other examples of investing where they are kept for a long time in the hope their value appreciates.

Trading

Trading is also investing but the time frame for a return on that investment is a much shorter period, usually a matter of a few days or weeks.

The most obvious example would be day trading where a trader is in and out of a market the same day. Still other trading takes place over a period from a few days to a few weeks. Most trading takes place with individual stocks and commodities, with commodity markets being the most predominant vehicle.

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