Looking for Debt Financing? Don't Ignore Working Capital Funding Sources

Looking for Debt Financing? Don’t Ignore Working Capital Funding Sources

We’re not shocked – You won’t be either – a newly released U.S. survey by CFO Magazine stated that cash flow and working capital and accessing working capital funding sources were the most important concern of the financial manager.

Welcome to Canada! We are convinced we are in the same boat even as we talk to clients seeking alternatives to debt financing and liquidity for companies.

The other key item within the study was that business generally speaking was dissatisfied with their banking relationships – again not surprising.

So many of us agree there is a gap in working capital solutions for Canadian business. Let’s discuss why that gap exists, and, more importantly, perhaps there are alternatives to signing up for more debt financing while at the same increasing cashflow with your firm.

As we’ve written inside the past we always tell clients the most effective program in Canada, bar none in your opinion may be the government small company loan program, which is underwritten by our buddies in Ottawa. Great rates, terms, and structures, as well might you obtain. Well here’s the challenge, this software only covers equipment, leaseholds, and real estate – that’s called debt financing. So bust capital or cashflow is ever going to emerge from that program to your firm. Let’s move ahead then.

We can start by defining our working capital problem by simply saying it does not take daily liquidity within your business that we have been talking about -, the number of funds you’ve in your company that may be liquid in case you didn’t have them tangled up in inventory, accounts receivable, and perhaps prepaid current assets. And of course the ‘double whammy’ also comes in when you have your obligations conversely of the balance sheet, i.e. accounts payable and term loans.…

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How to Use the Internet to Find the Best Car Loan

How to Use the Internet to Find the Best Car Loan

The Internet is a wonderful resource for searching out new financial products especially when it comes to finding the best car loan. All the major lenders have their own websites and these provide plenty of information on the types of finance offered and how they could benefit you. As a consumer you will be in a strong position when it comes to getting finance as many lenders will be competing against each other to attract your business. This means there are a number of competitive APR rates and deals that can provide you with a cost effective way to get the finance you need for your new car.

Exclusive Online Deals and Offers

You may have noticed that there are a number of finance packages advertised online that are not available if you contact the lender in person or by telephone. It is important if you are thinking about taking out car finance that you not only spend some time looking online but talking to your supplying dealer about dealer finance options.

Comparing Quotes

The Internet also provides you with an easy way to compare quotes. You will not have to telephone providers individually or visit banks and other high street lenders to find out details of loans. All the loan information will be available from the lender’s website and you can quickly and easily find all the details you need to compare offers. There are also a number of independent loan comparison websites that can make this job even easier for you. All you need to do is type in how much money you want to borrow and the website will automatically search through the latest offers available and provide you with a list of options. As with many adverts on the internet you will have to go that …

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How to Spot the Best Car Loan

How to Spot the Best Car Loan

Do you want to get a car loan instead of forking out a large sum of money upfront for a car? Well did you know that some loans are better than others? When looking for car finance you should be aware of what to look for and try and opt for the Best to suit your needs.

What is a car loan?

That is basically a loan for the purpose of purchasing a car. You can usually go through a car dealership that works in partnership with reputable car financing companies who can provide the quote, help you with the application and finalise the loan, – all in one simple visit.

A quick snapshot

  • Look at the interest rate and compare with others
  • Look at the monthly repayments
  • Enquire about up front charges
  • Find out how much you will pay overall on the loan

The Best Car Loan will usually have a competitive rate of interest; the company will offer you sound advice on the amount of money you should opt to borrow. The company will ensure you understand the process and your obligations fully. They will help you with a realistic payment plan and ensure you have the means to pay it back before offering you the loan.

A quick snapshot

  • Reasonable interest rates
  • Realistic monthly repayments
  • Helpful unbiased loan advisers
  • Realistic payment plan

What if you have bad credit?

If you have bad credit, it is not advisable to try and apply for a that loan. There will be very few lenders, if any, who will offer a loan for a new car to people who have had credit issues in the past.

What you need to get car finance?

  • Good credit
  • Full UK driver’s license
  • Deposit
  • Three to six months bank statements
  • Three to six months wages
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The Challenges of Being an Individual Investor in Turbulent Times

The Challenges of Being an Individual Investor in Turbulent Times

Other than the depression generation, I really don’t think there has been a more difficult time for individual investors than right now. In fact, even in my lifetime I’ve seen investing go from a “relatively” safe and predictable venture (good markets in the U.S. will often bring reasonable returns) to a market that can be very unpredictable and unsettling for the average investor. No longer is what markets do in the U.S. a good predictor for what markets will do elsewhere. We are now a nation of investors that must keep our eye on the international scene to truly understand where markets are going. Even with this knowledge, we can be deceived sometimes into thinking we have a handle on things, only to be kicked square in the seat by the unpredictability of it all. Case in point; the recent Euro zone loan to Spain to shore up its teetering economy. If you’ll recall, the market responded very positively to this action the day after, for awhile, and then gradually began to drift south. The Dow ended down by over 140 points that day. You ask, “What’s that all about?” So do I. I might add that the market was up the very next day, according to some reports, because of anticipated stimulus action. Who can figure, right, but this is the environment in which we strive to be successful investors today.

The complexity and mystery that comes to the market with international play is but one variable that faces today’s investor. There are a lot of other variables that didn’t seem to loom nearly so large in times past.

Joe Investor has to be asking himself these days if he is being dealt a straight hand. In other words, is the average investor really playing a game that’s fair …

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APR Loan in Plain English

APR Loan in Plain English

If it’s your first time applying for a loan then you’ll surely encounter terminologies that you’ll need to understand. One such term that you will always come across is the annual percentage rate or APR loan.

APR will give you an idea of how much your monthly payment would be by giving you an approximation of your annual interest rate. This is especially true for loan providers, credit card companies and banks. However, all things being equal, don’t be blinded by the APR Loan rate alone as you might be charged with processing fees, insurances and other applicable fees as deemed appropriate in your transaction.

Also, make sure that you understand how much your nominal APR is and if compounding, APR loan fees will be applied. For the purpose of clarity, nominal APR is the simple interest rate per year. If you are charged A1 per month per A100 loaned, assume that your annual nominal APR is A112. For compounding interest rate, say the same APR rate is applied, you’ll pay A101 on the first month, and A102.01 on the second month, and so on.

Looking at the information above, it’s important that you ask your loan provider and have everything explained to you before you become firm in your decision for going ahead with and processing your loan. As always, try to compare by using an APR loan calculator online so that you’ll see if there are other providers around that may give you a better loan rate.

These calculations are part of the bigger consumer protection process which needs to be carried out whenever someone applies for a loan. The Truth in Lending Act requires all lenders to disclose the “real cost” of borrowing a certain amount to protect both parties from legal liabilities should a dispute arise.…

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